Difference Between Own Damage and Comprehensive Car Insurance

As a car owner, choosing the right type of car insurance policy is itself a task. Considering the different coverage plans and insurers available in the market, it becomes more difficult for a buyer to choose the best one. In order to help you in this, we have explained the difference between own-damage and a comprehensive car insurance policy.

Read more


Get Car Insurance starting at only ₹2094/year*
Renew in 2 minutes
Chose from 20+ insurers
51 lakh+ Cars insured
Processing
Other options

Why Do You Need Car Insurance Policy?

With several risks associated while driving a car, it becomes crucial for you to get a car insurance policy coverage for safety against any financial loss and legal liabilities in case of any mishaps like a road accident, theft, fire explosion, etc.

Before buying any type of car insurance policy, you must consider factors like- IDV, make & model of the car, age of the car, and the geographical location where you reside. Moreover, we recommend you to search the plans online, compare with different insurers, and then choose accordingly.

Benefits of Own-damage Car Insurance Policy

This type of policy is also known as standalone own-damage. It is beneficial for those car owners who only have a third-party cover and do not want to upgrade their plan to a comprehensive car insurance plan.

Since your third-party car insurance protects you against the damages to the third party property or life and does not cover your own vehicle damages. This is why the own-damage insurance works as extra coverage for your car in case of any mishap like crashes, natural or made-made calamities, fire, theft, etc.

This type of cover is best for car owners who already have mandated third-party insurance and looking for an upgrade. With this, they do not have to bear hefty expenses on any major or minor damage caused to their own car during any mishap. Also, one of the best parts of having an own-damage cover is that your policy does not necessarily have to be combined with your third-partsy policy.

Hence, you do not have to purchase it from your third-party insurance provider. Instead, you can search the plans online, compare the policy coverage and pricing, and choose from the provider available on the internet.

Other Benefits of Own-damage Insurance Policy-

Some other benefits of having an own-damage cover for your car are as follows-

  • It includes the No Claim Bonus.
  • It safeguards your vehicle during an accident, natural calamities, man-made disasters, etc.
  • The premium is lower than the comprehensive insurance policy.

Benefits of Comprehensive Car Insurance Policy

If you are looking for extensive coverage, then you should opt for a comprehensive car insurance policy. It gives you benefits of both own-damage cover and third-party liability cover. It also reimburses the amount for personal accident damages while transiting. It is a superior kind of protection that also pays for any legal fees that you might have to pay to the third party.

With comprehensive car insurance, you also have an option to buy add-on covers, which cannot be purchased with a third-party policy alone. These add-ons are designed to give you extra coverage with your basic plan, and it gives you a chance to tailor your insurance cover. Here is a list of add-on covers that you can buy along with your comprehensive car insurance plan-

  • NCB protection cover
  • Roadside assistance cover
  • Engine protection cover
  • Passenger cover
  • Zero depreciation cover

Own-damage V/s Comprehensive Car Insurance Policy

Below we have given a detailed comparative chart showing a difference between own-damage and comprehensive car insurance policy-

Points of Basis Own-damage Car Insurance Policy Comprehensive Car Insurance Policy
Coverage It offers you coverage for the damages caused to your own-vehicle from various natural and man-made disasters, theft, fire, accidents, etc. Comprehensive car insurance gives you coverage for both third-party liabilities and own-damages under a single policy.
Depreciation Rates It gets affected by depreciation rates. In this, only own-damage cover insurance is affected by the depreciation rate.
Add-on Covers Yes, you can buy add-on covers with it. To enhance your policy coverage, you can easily buy add-on covers with this type of policy.
Premium Rates The premium amount is usually lower than the comprehensive plan but higher than a third-party cover and it decreases with time. The premium you pay for this plan is higher than others because it includes both plans.
Third-party Liability Cover It does not offer you third-party liability cover, and only own-damages are covered. Under this, you also get coverage for any damages or loss to third-party or property.
Personal Accident Cover Under this plan, you cannot avail benefits of personal accident cover. Here you get a coverage of Rs 15 lakhs as personal accident cover.

Factors to Consider Before Buying a Car Insurance Policy

For availing of the best deal, you should consider the following factors for buying any car insurance policy-

  • You must look for an insurer who offers you a hassle-free claim settlement process for buying an insurance policy.
  • Always choose an insurer who offers unique complimentary services with their plans.
  • Choose higher IDV. It will help in getting a higher reimbursement amount when your car is a total loss.
  • Always look for a well-reputed insurance provider offering you 24*7 customer support.

Summarizing

To help you in choosing the best kind of car insurance policy, we have discussed a detailed comparison chart featuring all the benefits of both plans. Pick a plan according to your budget & need, and also do not forget to read the policy documents carefully.

Written By: PolicyBazaar - Updated: 19 April 2022
You May Also Like
  • Transferring Car Insurance from One Person to Another
    Transferring Car Insurance from One Person to Another

    Transferring Car Insurance from One Person to Another An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance transfer to the new owner. But sadly, most people have...

    read more
  • 9 Secrets That Your Motor Insurance Provider Won’t Tell You
    9 Secrets That Your Motor Insurance Provider Won’t Tell You

    9 Secrets That Your Motor Insurance Provider Won’t Tell You Due to the dangerous driving conditions, it is compulsory to have third party insurance for every vehicle plying on Indian roads. It ensures the overall saf...

    read more
  • Money Saving Advice for All Car Owners
    Money Saving Advice for All Car Owners

    Money Saving Advice for All Car Owners After a dream home, a dream car is your second-largest purchase that you make in your lifetime. But the expense does not cease when you drive off the car dealer's lot. Read mor...

    read more
  • Difference Between Comprehensive Insurance and Third Party Insurance
    Difference Between Comprehensive Insurance and Third Party Insurance

    Difference Between Comprehensive Insurance and Third Party Insurance Comprehensive insurance is insurance coverage that pays for the repair or replacement of vehicle damages resulting from an incident. Comprehensive ca...

    read more
  • Types of Motor Insurance
    Types of Motor Insurance

    Types of Motor Insurance The word Motor broadly covers a lot of classes of vehicles plying on the roads. These may be two-wheelers like scooters and motorbikes, three-wheelers or four wheelers like private cars, jeeps, ...

    read more

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
insurance-ka-superhero
Search
Car insurance save up to 85
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Calculate your car IDV
IDV of your vehicle
Calculate IDV
Calculate Again

Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.

Policybazaar lets you compare premium prices from 20+ Insurers!
Compare Prices

Why buy from Policybazaar?

  • 24x7 Claims Assistance
    NEW
  • Cashless Assurance
  • 3-Day Repair Assurance
  • Free Pickup & Drop
  • Self Video Claims
  • Windshield Claims At Home
View Plans

Car insurance articles

Recent Articles
Popular Articles
Know All About Pay As You Drive and How You Drive Insurance

21 Sep 2022

Are you also worried about high motor insurance premium rates?...
Read more
Renew Your Car Insurance Policy with the AI-Based Technology

12 Sep 2022

As per the Motor Vehicle Act, 1988, every car owner must possess...
Read more
Why Should You Choose a New India Car Insurance Policy?

24 Aug 2022

Buying a car insurance policy is one of the best ways to protect...
Read more
How to Save Tax on Electric Vehicles (EVs)?

23 Aug 2022

Electric cars are known as the future of the automotive industry....
Read more
How Can Modifications Affect Your New India Car Insurance?

05 Aug 2022

In India, car enthusiasts love to modify their cars with...
Read more
Multiple Ways To Check Your Car Insurance Status Online
All insurance companies in India now have a digital presence. It not only makes it easier to buy insurance online...
Read more
Car Depreciation Calculator
If you are looking to purchase a new car or planning to sell your existing one, it is important to know how...
Read more
Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
Losing important documents, such as your car insurance documents, can be daunting. In such a state of affairs, the...
Read more
Check Car Insurance Status Online on Parivahan Sewa/ RTO?
In India, buying car insurance is a compulsion for every car owner. It doesn’t matter if you are an excellent...
Read more
Transferring Car Insurance from One Person to Another
An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance...
Read more