🧾 Real Cost & Coverage Comparison (2025)
🔹 1. Third-Party Insurance (TP)
Mandatory by law in India. Covers damages to other people, vehicles, or property.
| Feature | Third-Party Insurance |
|---|
| Covers Own Vehicle? | ❌ No |
| Covers Third Party? | ✅ Yes |
| Fire/Theft/Natural Disaster? | ❌ No |
| Premium (small car) | ₹2,000 – ₹3,500 / year |
| Add-ons Available? | ❌ Not allowed |
| Who Should Consider? | Older cars, basic legal compliance |
🔹 2. Comprehensive Insurance
Covers third-party liability and own vehicle damages (accident, theft, calamity, etc.).
| Feature | Comprehensive Insurance |
|---|
| Covers Own Vehicle? | ✅ Yes |
| Covers Third Party? | ✅ Yes |
| Fire/Theft/Natural Disaster? | ✅ Yes |
| Premium (small car) | ₹6,000 – ₹15,000 / year (based on IDV & city) |
| Add-ons Available? | ✅ Yes (Zero Dep, Roadside Assist, etc.) |
| Who Should Consider? | New or high-value cars, daily drivers |
📊 Side-by-Side Snapshot:
| Feature | Third-Party Only | Comprehensive Plan |
|---|
| Legal Requirement | ✅ Yes | ✅ Yes |
| Own Vehicle Damage Cover | ❌ No | ✅ Yes |
| Theft/Natural Calamity Cover | ❌ No | ✅ Yes |
| Add-ons (e.g. Zero Dep) | ❌ No | ✅ Yes |
| Typical Premium (2025) | ₹2,500 – ₹3,500 | ₹8,000 – ₹15,000 |
| Recommended For | Old/rarely-used cars | New or daily-use cars |
✅ Final Verdict:
| If your car is… | Go For… |
|---|
| More than 5–7 years old | Third-Party |
| Less than 5 years old | Comprehensive |
| Frequently driven/Financed | Comprehensive |
| Bare minimum legal cover needed | Third-Party |
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