Types of Motor Insurance:
Third Party Insurance
Compensates for the damages caused to another individual, their vehicle or a third-party property.
Comprehensive Car Insurance
Covers all kinds of damages and liabilities caused to you or a third party. It includes damages caused by accidents, sabotage, theft, fire, natural calamities, etc.
How much does insurance cost?
Your insurance costs depend on your premium amount. This premium amount depends on several factors that differ from insurance to insurance. Here’s a look:
- Make-Model of the vehicle
- The type of coverage/plan
- The value, age of your vehicle
- Your claim history