There are a plethora of car insurance policies in India. So, you have to compare all the available policies in India to find out the best car insurance plans. In recent times, online car insurance policies are highly sought-after as these policies are much easier to buy and renew. Car insurance companies in India provide two types of car insurance policies. Third party liability car insurance plans are mandatory whereas comprehensive car insurance policies are optional. However, best car insurance plans in India are those that come with comprehensive coverage. Let’s take a look at these two types of online car insurance policies available in India.
Third Party Online Car Insurance Plan
The mandatory online car insurance plans with liability coverage keep car-owners in India financially protected by taking care of their liabilities to the third parties. Liability only car insurance policies offer financial compensation in case of third party property damage, death and accidental physical injuries of third parties as a result of any mishap. Some of the best car insurance plans with liability coverage offer Rs. 7.5 Lakhs to compensate third party property damages.
Comprehensive Car Insurance Plan
Car insurance companies in India also offer online car insurance policies with comprehensive coverage. Even though this type of coverage is optional, most car-owners in India consider this type of policies as the best. The reason why this type of online car insurance plans is considered as the best car insurance plans in India is these policies keep the insured car protected as well. It covers financial losses of car-owners due to theft and damages to the insured vehicle. These best car insurance plans with comprehensive coverage offer protection against a wide range of natural and manmade calamities that include flood, earthquake, storm, lightning, riot, strike. A comprehensive motor plan also covers financial losses due to theft and burglary.
Best car insurance plans in India also provide personal accident coverage to the owner-driver of the insured vehicle. Apart from this regular coverage, it also provides extended coverage for an additional premium. Most car insurance companies in India have come up with a range of add-on covers that offer additional protection. Here is a rundown of some of the best car insurance plans add-on covers.
24 x7 Roadside Assistance Cover
When a car gets stranded in the middle of a road due to electrical or mechanical fault the car insurance plans with regular coverage don’t come to rescue the insured. But online car insurance add-on cover provides instant assistance in such trying situations. You can avail this add-on cover at the time of buying or renewal of online car insurance policies.
Engine Protector Cover
Repair or replace a damaged engine is highly expensive in India. Armed with this type of online car insurance add-on cover, you can easily avoid such financial losses. Engine failure is a common affair during monsoon but if you have this engine protector cover alongside your car insurance plan, you don't have to worry about repair or replacement costs.
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