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Benefits of Comprehensive Car Insurance
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Home / Car Insurance / Benefits of Comprehensive Car Insurance
Isn’t it a dream come true moment when we purchase a car of our own? It indeed is! Now, to secure this precious asset against uncertainties, it is mandated to have at least a third-party car insurance policy as per the latest Motor Laws. While a third-party policy may be mandatory, it does not provide sufficient coverage. To get extensive and all-around protection for your vehicle, you need to have a Comprehensive Car Insurance policy. So, read on to know the benefits of Comprehensive Car Insurance.
What is Comprehensive Car Insurance?
A Comprehensive Car Insurance policy offers coverage for both third-party liabilities and financial protection against thefts, accidents, natural disasters, wars, etc. Unlike a Third-party policy, it is not mandatory according to the Motor Laws. However, it is a beneficial car insurance policy if you want extensive protection for your car against unpredictable events that might take place on the road.
Benefits of Comprehensive Car Insurance
The number of road accidents in India has been constantly rising. As compared to the previous year, there has been a 12% increase in the number of accidents. The data highlights the reason why having a valid car insurance policy is crucial to ensure protection against any such unexpected events that might take place on the Indian road. A Comprehensive Car Insurance policy is, in fact, one of the most effective types of car insurance policies as it offers all-around protection in case of any uncertainty. Want to know more about the benefits of Comprehensive Car Insurance? Scroll below to learn more.
Third-liability Coverage: As per the Motor Vehicle Act of 1988, a third-party insurance policy is a must-have for all car owners. With a Comprehensive Insurance policy, you will be able to get coverage for third-party liability as well and ensure legal compliance with the Motor laws.
Own-damage Cover: A Comprehensive policy also provides coverage for vehicle damage. This means that if the car sustains damage in an accident, it will be covered under this policy.
Can be Customised: A Comprehensive Car Insurance policy, unlike other policy types, can be easily customised. This means that you can enhance the coverage of this policy with add-ons; however, you will have to pay a higher premium for the same. Some of the add-ons that you can include are Zero Depreciation Cover, No Claim Bonus Protector, Key Loss Cover, etc.
Protection Against Unpredictable Events: This type of car insurance policy secures your vehicle financially against unpredictable events like vehicle theft. It also protects your car if there is damage to the car due to fire outbreaks, vandalism, flying objects, etc.
Ensures Peace of Mind: With a Comprehensive car Insurance Policy, you can stay stress-free, knowing that your vehicle is financially protected against any oddities that might take place on the Indian roads.
Personal Accident Cover: A Comprehensive Policy also provides mandatory Personal Accident Cover of up to ₹15 lakhs. This cover applies if the policyholder suffers unfortunate demise or suffers from partial/total disability.
How to Buy a Comprehensive Insurance Policy for a Car with ACKO?
Want to get complete protection for your vehicle with ACKO’s Comprehensive Car Insurance Policy? Then, here are the steps you need to follow:
Go to ACKO’s website or download the mobile app
Go to ‘car insurance’ and enter your vehicle registration number
Click on ‘check prices’
Enter the car details such as its model, fuel type, variant, etc
Next, you will select a list of plans
Select ‘Comprehensive Policy’
Enter all the other required details and complete the premium payment
Exclusions Under Comprehensive Policy
There are certain things that are not covered under a Comprehensive Policy, some of which have been enlisted below:
Regular Wear and Tear: It does not cover any damage to the policy due to regular wear and tear.
Mechanical Breakdown: Any electrical or mechanical damage to the car is not covered.
Driving Under the Influence of Intoxicants: If there is any damage to the car and you are found driving under the influence of intoxicants or drugs.
Driving Without License: If any damage happens when the driver is found riding without a valid license, then it will be excluded from the policy.
Damage Outside Geographical Limit: If any damage happens outside the geographical location mentioned in the policy, then it is excluded.
Lapsed Policy: No claim request will be accepted if the policy has expired and you are raising a claim against damage after that.
Final Thoughts
Thus, to sum up, a Comprehensive Insurance Policy is best suited for cars compared to the other policy types. This policy ensures utmost safety in case any uncertainty occurs on the Indian road. You can also customise it with a range of add-ons.
Frequently Asked questions
1.What are the benefits of a comprehensive insurance policy?
Some of the benefits of a Comprehensive Insurance Policy include third-party liability coverage, own-damage cover, customizable options, etc.
2.Which type of insurance is best for a car?
A Comprehensive Insurance policy is one of the most suitable policies for a car as it covers both third-party liability and own-damage cover.
3.Which car insurance is better, comprehensive or third party?
As compared to a third-party, a Comprehensive policy is better as it provides all-around protection.
4.Is comprehensive insurance better than zero DEP?
A Comprehensive policy is better for car that is new car; on the other hand, Zero Depreciation is better for cars that are older than 5 years.
Nikhila PS
Senior Content Editor
Nikhila is a content creator with 6+ years in EdTech and motor insurance, turning complex policies into clear, engaging content. She enjoys exploring digital trends, social media, and art while planning her next short escape.
Written by
Nikhila PS
Senior Content Editor
Rekhit Singh Kaushal
Senior Director - Motor Underwriting
Rekhit Singh Kaushal is Senior Director at ACKO, a leading digital motor insurance provider in India. With deep expertise in insurance strategy and innovation, he brings trusted insights on car and bike insurance to help drivers stay protected.
Reviewed by
Rekhit Singh Kaushal
Senior Director - Motor Underwriting
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