Comprehensive vs Third Party Insurance

Difference between Comprehensive and Third Party Insurance

Types of Car Insurance Plans in India

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Third Party

A Third-party car insurance is one of the most common types of car insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.

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Comprehensive

A Comprehensive car insurance is one of the most valuable types of car insurance that covers both third-party liabilities and damages to your own car as well.

Third-Party

Comprehensive

Difference between Third Party Insurance and Comprehensive Insurance

Third Party Car Insurance

Comprehensive Car Insurance

What is it?

This is the most basic car insurance plan that only covers for damages and losses your car could cause to any third-party person, vehicle or person.

This is an all-round cover for your car- it only takes care of your third-party liabilities but also covers for you and your own car.

Coverage Details

It only offers coverage for third-party damages and losses such as if due to an accident or collision, you hurt a third-party person, his/her vehicle or a third-party property. Additionally, it also includes a personal accident cover to protect you from personal injuries or death.

The coverage under this is extensive as it not only protects you against damage and losses caused to any third-party but, also covers for damages and losses to you and your own car. For example: If your car faces damages due to the floods in the city, your comprehensive car insurance will cover for it.

Advantages

It protects you in case you accidentally hurt somebody on the road, or damage one’s vehicle/property.  This way, you know you don’t have to dent your pocket in the case of such incidents.

It protects both damages to your own car and third-party damages as well. So, no matter what- you know you won’t end up in any losses! Additionally, you can also benefit from an NCB (No Claim Bonus) during car insurance renewals for every year you don’t make a claim!

Limitations

It doesn’t cover for damages to your own car.

It is slightly more expensive than a third-party car insurance.

Customization

No customizations are possible under this car insurance plan.

You can customize your car insurance plan by adding specific add-ons and covers such as the zero-depreciation cover, engine and gearbox protection, Return to Invoice, Breakdown Assistance, etc

Premium Price

Cheaper than a comprehensive car insurance policy, the premium price here is predetermined by the IRDAI based on your car cc.

Although higher in price, the premium here is based on many more factors such as the city you drive in, your car’s make and model and of course, the add-ons you opt for (if any).

What should I go for?

If you are currently driving a very old car, or you rarely drive then maybe having a basic third-party insurance would be sufficient for you.

Although slightly more expensive, this plan would give you complete coverage this proving to be more beneficial. Additionally, even if you don’t make any claims in a year, you can benefit from a No Claim Bonus discount during renewals.

More about Third-party Car Insurance

More about Comprehensive Car Insurance

Why consider upgrading to Comprehensive Car Insurance plan?

What are the factors to consider before buying car insurance?

Why should you buy Digit Car Insurance?

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24*7 Support

24*7 call facility even on National Holidays

Smartphone-enabled Self Inspection

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High IDV per rupee

With us, you can customize your IDV as per your choice!

FAQs about the Comprehensive & Third Party Insurance