Accidents can happen, even if you’re not at fault
Other drivers may make mistakes
Roads can be in poor condition
Bad weather can cause problems (floods, heavy rain, etc.)
Theft and vandalism are real risks
The Motor Vehicles Act says that every car on the road needs to have at least third-party insurance.
Driving without it means:
• Cheapest option
• Keeps you legal
• You’re on your own for your car repairs
• Big financial hit if something happens
• Covered for just about anything
• Greater assurance
• Great for new owners
• Costs more than third-party insurance
• Flexibility to choose insurers
• Customizable coverage
• Need to manage two separate policies
• Full claim payout on parts
• No age-based deductions
• Bigger claim amounts
• Water ingression damage
• Oil leak damage
• Hydrostatic lock
• Towing if your car breaks down
• Flat tire help
• Battery jump-start
• Fuel delivery
• Towing if your car breaks down
• Flat tire help
• Battery jump-start
• Fuel delivery
• Protect your discount
• Limited claims allowed
• Future savings preserved
IDV is the maximum amount the insurance company will pay you if your car is stolen or completely totaled in an accident.
Year 1: 20% | Year 2: 25% | Year 3: 35% | Year 4: 45% | Year 5: 50%
| Feature | Dealer Insurance | Online Insurance |
|---|---|---|
| Competitive Pricing | ✕ | ✓ |
| Easy Comparison | ✕ | ✓ |
| Transparent Pricing | ✕ | ✓ |
| Wide Choice of Insurers | ✕ | ✓ |
| Convenient Process | Limited | ✓ |
| Full Control | ✕ | ✓ |
| Commission Markup | ✓ | ✕ |
Get your car repaired at a network garage. The insurance company pays the garage directly.
Pay for repairs yourself. Submit the bills and the insurance company pays you back.
Avoiding these mistakes can save you a lot of money over time.
Car insurance isn’t just an expense; it’s a way to protect yourself.
A good insurance policy gives you financial security, legal protection, and confidence on the road. Drive safe! 🏎️
ALSO READ- If you’re planning to purchase your first vehicle, our First Car Buying Guide helps you budget smartly, pick the right car, and avoid costly beginner mistakes a must-read for every new car owner.
Yes. Under Indian law (Motor Vehicles Act), you must have at least third-party liability insurance before you can legally drive your car off the showroom floor. Without it, you can face fines or penalties.
Third-party insurance: Covers damages or injury you cause to others (vehicles, people, property). It is mandatory by law.
Comprehensive insurance: Includes third-party cover plus protection for your own car (accidents, theft, fire, natural disasters) and optional add-ons.
Technically yes, it meets the legal requirement. But it doesn’t cover damage to your own car, so most new car owners choose comprehensive insurance for full protection.
You are free to choose any insurance provider you want online, offline, aggregator sites, or dealer plans. Dealer policies are convenient, but can be more expensive and offer limited options. Comparing quotes online often gets better coverage for a lower premium.
Add-ons are optional covers that boost your policy, such as:
Zero depreciation cover
Return to invoice cover
Roadside assistance
Engine protection or key replacement
They aren’t mandatory, but new car owners often include them for broader protection.
In this guide, we’ll take a deep dive into the most common financial missteps small businesses make – and how you can avoid them.
You will receive a detailed tutorial on launching online businesses money-free within this manual together with case studies and fast development methods.
Your credit score can improve quickly sometimes in weeks, not years. Follow these simple steps to boost it fast. Small actions now can lead to big financial benefits later.
The apex court acknowledges the severe impact of toxic air on millions of residents and commits to systematic monitoring of pollution control measures.
Airbus production delays hit new highs as demand outpaces supply. The CEO finally explains the supply chain crisis behind late aircraft deliveries and huge order backlogs.
This drop keeps a long slide going. The INR has lost over 5% just in 2025, making it the worst-performing currency in Asia
this year.
