Which one should you buy online? -Telangana today

How do you determine which insurance best suits your car insurance needs? In this article we will help you choose between third party and comprehensive insurance when you buy online.

New Delhi: It can be confusing to decide between public liability and comprehensive plans before purchasing car insurance online. Although third party insurance is required to drive legally in India, the comprehensive plan offers more comprehensive coverage.

Now the question arises: ‘How do you determine which insurance best suits your car insurance needs?’ That is why in this article we discuss which one you should buy online between third party and comprehensive insurance.

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Insight into third-party car insurance

Third party car insurance is basic insurance and mandatory to legally drive your vehicle in India. The plan offers financial cover for damage or death to third parties that you cause in an accident. However, the policy does not provide financial cover if you damage your vehicle or incur medical expenses.

Insight into comprehensive car insurance

Comprehensive car insurance offers more extensive coverage than third-party liability insurance. It provides financial support for your car damage, regardless of whether it is caused by a natural disaster, theft, accident or vandalism. Some comprehensive policies also offer optional benefits such as roadside assistance, no-depreciation coverage and personal property protection.

What are the differences between third party liability insurance and comprehensive car insurance?

Understanding the differences between third-party car insurance and comprehensive car insurance is essential to buying the best car insurance online. The following table shows the difference between these two:

Parameters	Third party vehicle insurance	Comprehensive car insurance
Coverage range	Provides financial support for damages and injuries caused to others, limiting your financial support.	Provides financial support for third party liabilities and damage caused to your vehicle.
Costs and premium	Because coverage is limited, premiums are lower.	It has higher premiums because of extended protection.
Customization	You can adjust the third party car insurance to your insurance needs.	You can customize the comprehensive plan to include additional coverage such as zero depreciation coverage, roadside assistance coverage, etc.
Repair and replacement costs	Third party liability insurance does not provide repair or replacement costs for your vehicle.	The comprehensive plan provides financial assistance to repair and replace your damaged vehicle.
Legal Requirements	The Motor Vehicle Act of 1988 requires third party insurance to be taken out in order to drive legally in India.	Although the comprehensive plan is not mandatory, you can purchase it to get additional coverage for your vehicle.

When should you take out third-party car insurance?

These are the ideal conditions when you choose third parties car insurance online:

If you have a limited budget for your car insurance, the third party liability policy is the best choice. It provides an affordable way to meet car insurance legal requirements without putting a strain on your finances.

• Older or lower value vehicles

If you have older or lower value vehicles, the cost of comprehensive insurance may not be justified. Moreover, the cost of repairing and replacing the car is affordable. Therefore, ideally, third-party car insurance is a suitable choice.

If you drive very few kilometers or only relatively few kilometers, the chance of being involved in an accident is much smaller. That is why third-party liability coverage is beneficial for occasional drivers who drive few kilometers, because they get affordable coverage without paying higher premiums.

When should you take out comprehensive car insurance?

The comprehensive car insurance plans can be ideal in the following scenarios:

• New or high-end vehicles

If you own a new or expensive car, comprehensive car insurance will be beneficial to you. The comprehensive coverage provides financial support and ensures that you do not have to incur major costs in the event of an accident or theft.

• Require comprehensive coverage

Comprehensive car insurance covers you in monetary terms against damage to someone else or their property from your car and damage to the insured vehicle. It provides financial assistance for emergencies due to fire, theft, accidents, riots and natural disasters.

• Adjust the car insurance

With an Extended Insurance Plan you can add valuable extras such as zero depreciation, roadside assistance and engine protection. These options allow for a more customized plan, giving your vehicle additional protection in a variety of situations.

Last words

From now on, the choice between third party liability insurance and comprehensive car insurance depends on your specific needs, financial situation and vehicle type. If you want basic and affordable coverage, third-party car insurance is the perfect choice. On the other hand, if you need a complete package that provides coverage for your vehicle and third-party damage, then the comprehensive plan is the best choice. That’s why the right insurance should suit your driving style, protect your financial interests and give you peace of mind.