Third party car insurance is a liability insurance1 for protection against the claims of another, i.e. a third party. It means that you’ll be covered against financial liabilities2 in the event that you cause a vehicle accident that results in losses or damages to someone else’s property.
Common Questions
What's A Third Party Car Insurance?
Third-party car insurance covers you if you damage someone else’s assets or injure them while driving. It also helps cover your passengers too.
Learn More: Third Party Car Insurance
Can You Still Get Third Party Car Insurance?
Yes. It’s the most basic form of car insurance that you can get.
It won’t cover you against the damage to your car though, and so you may need to choose a higher level of cover depending on what you might think is necessary.
Learn More: Third Party Car Insurance
What's the Rate of Third Party Insurance?
The insurance premiums for the third party policy depend on your vehicle’s engine capacity, and thus it remains the same across various insurance firms. The third-party insurance rates include:
Description of Vehicle Class                  Premiums
More than 1500CCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Rs 7, 890
Less than 75CCÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Rs 482
More than 75CC but less than 150CCÂ Â Â Â Â Â Â Rs 75
Learn More: Third Party Car Insurance
Is Third Party Insurance Good?
Yes, it is. The insurance policy is excellent for drivers who are more likely to claim for any vehicle damages they cause when they’re driving.
It’s also impressive for drivers who can afford to pay repair expense for their automobile without requiring claiming their insurance policy.
Learn More: Third Party Car Insurance