List of Third Party Car Insurance Providers
- Kotak Mahindra. 75.66% Covered.
- IFFCO Tokio. 87.77% Covered.
- Go Digit. 74.82% Covered.
- Future Generali. 57.67% Covered.
- Edelweiss. 116.31% NOT Covered.
- Cholamandalam MS. 82.95% NOT Covered.
- Bharti AXA. 81.91% NOT Covered.
- Bajaj Allianz. 65.83% Covered.
Is third party the cheapest?
Third party insurance is generally the cheapest insurance option, but this isn’t a hard and fast rule. In some cases, comprehensive insurance can be cheaper. An example of this is in young driver insurance.
What type of cover is cheapest for car insurance?
However, fully comprehensive cover is usually the cheapest type of car insurance, even though it offers the most cover out of the three policy types.
Which insurance is best for car third party or comprehensive?
Value of the car: If value of your car is low, it is better to take third-party motor insurance since repairs to damages caused can be managed cost-efficiently and easily. It is cheaper to pay for repairs when compared to paying the high premiums associated with comprehensive cover.
Which company is best for third party insurance? – Related Questions
What are the 3 types of car insurance?
3 Types of Auto Coverage Explained
- Liability coverage. Protects you if you cause damage to others and/or their stuff.
- Collision coverage. Covers your car if you hit another car, person or non-moving object (like those darn ornamental rocks cousin Todd has at the end of his driveway). #
- Comprehensive coverage.
Why is 3rd party insurance more expensive?
Third-party, fire and theft car insurance is more expensive than fully comprehensive policies, though they offer less cover, because they’re associated with more high risk drivers – and therefore more car insurance claims.
Is third party insurance a good idea?
Third-party cover is a good option for some drivers. Typically, third-party cover might work if you’re happy to cover the cost of any accident repairs yourself. This is often the case when the value of your car is low. There are some cases whereby third-party insurance may be your only option.
What is the difference between third party and comprehensive car insurance?
Comprehensive car insurance covers damage to your car whereas third party, fire and theft do not when an accident is deemed your fault. Comprehensive is a higher level of insurance and therefore has you covered more than third party, fire and theft.
What is the difference between third party and comprehensive insurance cover?
Comprehensive insurance provides the same level of cover as Third Party Fire & Theft but will also cover you in the event of an accident or damage caused by vandalism. With comprehensive cover you will receive compensation for the damage to your own vehicle even if you’re at fault for the accident.
Can I take only third party insurance?
It is mandatory as per The Motor Vehicles Act, 1988 and driving without a Third-party Liability policy is a punishable offense. However, it is not the most ideal coverage with regards to the above-mentioned purpose of insurance.
What is the cost of 3rd party car insurance?
How Much Does Third Party Car Insurance Cost?
| Cubic Capacity of the Car |
Third Party Insurance Premium for the Car |
| Not more than 1000cc |
₹2,094 |
| Over 1000cc but not more than 1500cc |
₹3,416 |
| More than 1500cc |
₹7,897 |
What is minimum third party insurance?
A 3rd party insurance policy provides compensation for bodily injuries or demise of a third party (as per the court of law) and property damages for upto Rs. 7.5 lakh. Comprehensive car insurance policies offer compensation for damage caused to the insured vehicle as well as the injury/death of a third party.
Which type of car insurance is best?
Which is a better Car Insurance? Taking a comprehensive car insurance cover is always advisable as it provides complete protection of not only someone else’s car like a Third-Party car insurance, but also the Own damages to your car, as well as any injury to the owner driver.
What is the most common car insurance?
Bodily injury liability coverage (BI) is the most common type of auto insurance because it’s required in almost every state.
What is basic car insurance called?
Basic car insurance is often known as liability insurance. Requirements vary by state, but basic auto insurance can be broken down into two main types of liability insurance: personal injury and property damage.
What is 3rd party in insurance?
Definition of third party insurancee
It is a form of liability insurance that the owner of the car/bike/vehicle purchases for protection against the claims of a third party. Any damages or losses suffered by the third party in case of an accident must be made good by the third party insurance holder.
How do I get third party insurance?
The third party insurance can be checked online from the website Parivahan or mParivahan app which is available on the play store. By entering the details of insurance would be displayed on the app. For insurance, updates go through the website or by calling our toll-free number 1800-123-4003.
Can I drive any car with third party insurance?
Driving other cars cover is usually only available on a comprehensive car insurance policy, so if you have third party (or third party, fire & theft) cover, you won’t be covered to drive any other cars.