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.
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 |
Can I buy only third party insurance?
Yes. Third party car insurance is affordable as compared to comprehensive insurance as it provides only the mandatory third party liability cover. Comprehensive insurance also provides own damage cover, which increases its premium in comparison to third party insurance.
How do I apply for third party insurance?
Steps to claiming Third-party insurance
- Informing the insurance company (ACKO in this case) and filing the First Information Report (FIR) with the police. Normally, the third party files the FIR.
- Registration and hearing of the case in the Motor Accident Claims Tribunal.
- Result of the case in the Motor Vehicle Tribunal.
Which company is best for third party insurance? – Related Questions
Can I drive a car with 3rd party insurance?
No. There was a time when many fully-comp policies automatically gave you third-party insurance to drive any car, but those days have gone. So even if you’re fully covered for your own car, don’t assume you’re insured to drive other people’s cars otherwise you risk breaking the law.
Is 3rd party insurance mandatory after 3 years?
Third party insurance is mandatory under the motor insurance law for covering liability of third party.
What is third party insurance with example?
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.
Who is the third party in an accident claim?
If you’re injured or your vehicle is damaged in a road accident and it’s not your fault you may be approached directly by the other person’s insurer to try and settle the claim with them directly. This is called third party capture or third party assistance. Insurers are legally allowed to do this.
What is covered under third party 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.
What is considered third party insurance?
Third-party insurance covers an individual or firm against a loss caused by some third party. An example is automobile insurance that will indemnify the insured if another driver causes damage to the insured’s car. The two main categories of third-party insurance are liability coverage and property damage coverage.
Is third party insurance safe?
A Third party car insurance ensures that you are financially safe in case of an unforeseen event. As per the Motor Vehicles Act, a third party insurance is a legal mandate. You have the option to buy it separately or include it in the comprehensive car insurance plan.
What are the benefits of third party insurance?
What is third party insurance? It protects you against any legal liability, accidental liability, or property damage in case of an unfortunate event. This policy also covers medical expenses in case a third party is injured in an accident or dies.
Can I drive someone else’s car?
driving other cars insurance. Every once in a while you may need to drive someone else’s car. It might be an emergency or you may have permission from the car owner, but that doesn’t mean it’s legal. Unless you’re a ‘named driver’ on their car insurance, you almost certainly won’t be insured.
What happens if someone drives my car without insurance?
If there is no valid insurance in place for such use, the vehicle is liable to be seized and the driver prosecuted.
Can I drive my parents car without insurance?
Can I drive my parents’ car without insurance? No, you’ll need at least third party car insurance if you want to drive your parents’ car.
What insurance allows you to drive other people’s cars?
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. It’s not automatically included on every comprehensive policy – so check first.
Can my friend drive my car?
Can I get insurance for anyone to drive my car? An ‘any driver’ insurance policy allows anyone to drive your car at any time. There’s no limit to how many people can drive the car, so any friends or family, who have your permission, are legally insured to drive it.
Can I get insurance to drive any car?
In short, the answer to the question ‘can you insure yourself to drive any car? ‘ is yes, and the simplest way to make sure everything you need from your policy is covered is to call your insurer and talk them through your requirements.
What must you check before you drive someone else’s vehicle?
Explanation: Driving a vehicle without insurance cover is illegal, so be sure that, whoever’s car you drive, you’re insured – whether on their policy or on your own.
Can my boyfriend drive my car?
If a friend or family member borrows your car without your consent and causes an accident, they’re liable for any injuries or damages in most cases. However, if the borrower doesn’t have insurance, you may have to file a claim to help cover property damages.