A car cannot be driven out of a showroom without an active car insurance policy. The government of India has mandated third party liability insurance for every vehicle. This protects citizens from damages that could be caused in an accident.

This third party coverage can be bought for either three or five years when you buy a new car. In case of an accident, the policy pays out a minimum of INR 7 lakhs for property damage and an uncapped sum of money for life and health damages. Settlements for this policy are usually done in the motor tribunals of India.

Most vehicle buyers prefer comprehensive policies when they need insurance. These slightly more expensive policies come bundled with third party liability coverage for three or five years along with a cover for one’s own life and vehicle. The comprehensive policy covers life for INR 15 lakhs and your vehicle for a sum that is arrived on by the insurance provider. Usually this sum is about the same amount of your vehicle and can be more in some cases.

Whether third party insurance or comprehensive insurance, a policy is must for any vehicle being driven on Indian roads. The same goes for second hand vehicles.

One can easily compare and buy car insurance prices with OneInsure. For more information, get in touch with us at support@oneinsure.com or give a call on 8655986559