comprehensive car insurance or a third party car insurance

Which one is better comprehensive car insurance or a third party car insurance?

It is very difficult for every car owner to choose an insurance policy that provides protection from all losses. There is a lot of risk to a car, especially when we talk about a new car. There are multiple insurance policies available in the market. But purchasing the best policy will depend on the capability and requirement of the owner. You can either choose a comprehensive car insurance policy or third-party car insurance policy. There is a range of differences between comprehensive and third-party insurance.

A comprehensive car insurance policy completely justifies its name by providing complete coverage from all types of losses. Whereas third-party car insurance will only cover the losses caused to the third party property. We can also say that if your car is damaged in an accident then a third party insurance policy will not bear your car repairing expenses. Additionally, if the provider examiner found you not guilty for the accident then they will only provide a certain percentage of the total sum insured. If you choose to buy car insurance online you will find that third party coverage is just a part of the complete insurance plan. And you cannot purchase it individually.

Benefits of comprehensive car insurance Vs Third-party car insurance 

Both insurance policies have different types of benefits. They do not relate to each other. If you think of covering natural damage with third party policy then this will not be possible. But a comprehensive car insurance policy will cover your third party losses along with the physical damages. So, if you are thinking of a car insurance renewal then make sure to choose for the comprehensive plan rather than a third party cover.

  • Benefits of a comprehensive car insurance plan:

    Nobody can’t imagine the financial losses caused by accidents. So, people purchase a comprehensive car insurance policy to be on the safer side. A comprehensive plan will protect your vehicle for the below list of incidents.

  • Natural or manmade damages:

    A comprehensive car insurance policy will cover the vandalism caused due to natural or manmade incidents. If your car gets damaged in a hailstorm, earthquake, flood, cyclone, terrorist attack, etc then the insurance provider will cover the damages.

  • Fire and explosions:

    Damage caused due to Fire incidents, falling objects, missiles, etc. will be covered in the policy.

  • Protection from Theft:

    If the car has been stolen then a comprehensive car insurance policy is always there to protect your car.

  • Doorstep pickup and repairing:

    In a comprehensive car insurance policy your car will be picked up from your home and again drip bank to home after repairing:

  • Cashless repairing service:

    You can repair your car at any network garage without paying a single penny.

  • Instant claim settlement:

    You can take instant claims in a comprehensive car insurance policy.

  • Third-party liability losses:

    Apart from this, a comprehensive car insurance policy will also cover your third-party liability damages. Like a person getting severely injured in an accident or getting permanently disabled then the comprehensive car insurance will pay off the medical expenses.

  • Benefits of a third party car insurance plan:

A third party car insurance policy will only protect you from legal liability. Like the damages caused to the property of any other person are covered. If a person died in an accident involving your vehicle then the insurance company will not provide any type of help. Moreover, not any type of physical damage caused to your vehicle will be covered in the policy.

Difference between Third Party Insurance and Comprehensive Insurance

  • A Third Party Car Insurance policy is the basic plan that provides protection from legal responsibilities. Whereas a comprehensive car insurance plan will cover all the possible damages caused to the car.
  • A comprehensive car insurance policy will cover your third party liability, but your third party car insurance policy will not provide comprehensive protection.
  • A Third Party Car Insurance policy has a low premium as compared to a comprehensive car insurance policy.
  • Generally, most people opt for a third party insurance plan in fear of traffic rules. Yes, it is mandatory to have a third party liability coverage as per the Motor Vehicles Act, 1988.
  • A Third Party Car Insurance policy only includes personal accidental cover for your protection. Whereas a comprehensive plan is entirely about your vehicle and your personal protection.
  • A Third Party Car Insurance policy will pay for the damages of another person’s car. But the comprehensive policy will cover your own car along with the other person’s vehicle.

Conclusion:

After knowing the difference between comprehensive and third-party insurance policy, we came to the conclusion that a comprehensive policy is best for your car. You can purchase car insurance online to get an attractive discount on the premium. Additionally, you can also get car insurance quotes from various companies on a single website.

We can also say purchasing a comprehensive car insurance policy tends to be a smarter choice. There is not just a single reason but a list of benefits is provided under a single plan. Otherwise, if you take a third party, then you have to purchase additional coverage for your own car because it will not cover that. Also purchasing multiple plans is totally a silly choice if you are already getting all the benefits in a solo plan.

Apart from this, if you have already purchased a third party car insurance policy for your car then you can switch it at the time of renewal. You will find a number of online car insurance to renew your insurance policy. Of course, you have to pay a higher premium for that. But you can completely believe that it will surely prove to be a comfort in the future.

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