Third Party Car Insurance Price

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Terms and conditions
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Due to the rise in the number of claims made and poor loss ratios, insurers have taken the TP premium price hike into account. Not convinced? Okay, have you or anyone else you know met with an accident that took a life? It is not only sad but also a devastating event in anyone’s life.
Such people or their dependents deserve compensation, right? To prevent undue loss of any person driving on the road, the government has revised the third party premium for cars. IRDA the regulatory body dictates the amendment as per the Motor Vehicle Act.
The third-party car insurance premium is charged based on the engine capacity.Â
Let’s have a look at the prices for the year 2019-20 vs 2022.
Private Cars with Engine Capacity |
The premium for 2019-20 in INR |
New 4W TP rate (effective 1st June 2022) |
Not Exceeding 1000 cc |
₹2072 |
₹2094 |
Exceeding 1000 cc but not exceeding 1500 cc |
₹3221 |
₹3416 |
Exceeding 1500 cc |
₹7890 |
₹7897 |
No rate hike has been proposed for private cars above 1500 cc. The prices may continue to rise in the coming years as well- both due to inflations and higher level of risks. Hence, the IRDA has allowed insurers to issue long-term policies, such as for 3 and 5 years- that not only gives you an insurance for less but also protects you long term so you need not stress for renewals every year!
A third-party premium is based on the following:
In case of a Third-party’s death or physical injury due to an accident with the insured car. There is no limit to the sum insured.
In case damage occurs to someone’s vehicle, house or any property, There is a limit of ₹7,50,000
In case the driver/owner of the car, unfortunately, faces physical injuries or death/permanent disability.
It is equally important to know what’s not covered in your Third party car insurance policy so that there are no surprises when you make a claim. Here are some such situations:
In the case of a Third party car insurance policy, own damage to the vehicle will not be covered.Â
Your third party car insurance won’t cover for you in situations where you were riding drunk or without a valid four-wheeler licence.
You hold a learner’s license and were driving without a valid driving license-holder in the front passenger seat - then your claim in those situations won’t be covered.
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
Considering the number of claims that any insurance company receives for a third-party injury or deaths, the IRDA has made the third-party insurance a mandatory cover. It applies to all kinds of cars and benefits car owners for the following:
Third Party Car Insurance for Popular Models in India
Third Party Car Insurance for Popular Brands in India
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Author: Team Digit
Last updated: 29-08-2025
CIN: L66010PN2016PLC167410, IRDAI Reg. No. 158.
Go Digit General Insurance Limited | Corporate Office Address: Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru 560095 | Registered Office Address: 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, Shivaji Nagar, Pune-411005, Maharashtra | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.
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