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.
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.
How much does third party car insurance cost Australia?
Based on our research of 6 companies, the average cost of a third party property damage policy is $53.86 a month.
Average cost of car insurance by state.
| State |
Cost |
| Queensland |
$954.45 |
| South australia |
$952.12 |
| Western australia |
$979.55 |
| Tasmania |
$873.13 |
Which company is best for third party insurance? – Related Questions
Is third party insurance the same as CTP?
Third Party Property Damage Insurance is optional and provides cover if you need to pay for damage your vehicle causes to another person’s vehicle or property. Whereas Compulsory Third Party (CTP), also known as Green Slip insurance in New South Wales, is compulsory in order to register any vehicle in NSW and the ACT.
Do males pay more for car insurance?
Men tend to pay more for car insurance overall, though the difference is slight — about 1%. The difference is most pronounced for teens and young adults.
How much is car insurance in WA?
Average annual comprehensive car insurance premiums in WA
| Age |
Average premium |
| Under 25 male |
$1,583 |
| 25 to 29 |
$1,064 |
| 30 to 49 |
$815 |
| Over 50 |
$634 |
What is covered by 3rd party car insurance?
Third-party insurance covers the cost of damage to someone else’s property. This is most likely to be another car, but you’d also be covered if you hit someone’s wall or knocked over their fence. Third-party insurance may also cover compensation costs if you cause someone an injury.
Can you get just third party insurance?
Third-party only (TPO) insurance, sometimes referred to as 3rd party insurance, should cover you for any damage caused to someone else’s vehicle if the accident’s your fault. Third-party cover means you’re also covered for any possible personal injury claims against you.
What is covered under 3rd party insurance?
Third-party insurance offers protection against damages to the third-party by the insured vehicle. It covers physical injuries, damages to the vehicle, damage to the property, and death. Third-party insurance does not provide any compensation, if: The accident was caused due to drunken driving.
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.
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.
Why is third 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.
What’s the cheapest type of 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 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.
Which is cheaper third party or comprehensive insurance?
Not only could comprehensive insurance be cheaper than paying for third party cover, but if you get into an accident, your insurance company may pay for the damages to your vehicle. You may receive compensation when the fault can’t be proven too.
Can I change from third party to fully comp?
You can change the third-party car insurance policy to comprehensive car insurance policy after getting the inspection done and paying the required premium for the comprehensive car insurance policy.
When can I drive someone else’s car?
As we’ve seen, driving other cars (DOC) insurance isn’t usually included as part of a fully comprehensive policy. Unless your policy states otherwise, you’ll only be able to drive your partner’s car if they’ve added you as a named driver or have a family or any driver car insurance policy.