Car Insurance in Mumbai

The comprehensive insurance plan provides holistic coverage, as it includes collision damage and third-party liability insurance.

This insurance provides basic coverage and is mandated by the Motor Vehicle Act of 1989. Third party car insurance covers the damage your covered car has caused to a third party’s property. It also provides compensation if your vehicle injures someone. However, if your car is damaged, this policy will not help. IRDA decides the premium for this insurance based on the car's cubic capacity.

The standalone own damage plan covers an insured car's damage caused by collision, fire, natural calamities, or manmade disasters. You can also increase the coverage scope by adding riders to your plan. However, this policy is available only if your car is covered under third-party liability insurance.

If you recently purchased a four-wheeler and got it insured, then this plan will cover the car's damage for one year and third-party loss or injury for three years.