Why You Need to Buy Motor Insurance, Even if Your Car is Off-Road?

The Motor Vehicles Act of 1988 requires all vehicles used for either social, domestic or pleasure purposes to be covered by valid insurance. Under the provisions of Chapter 11 (Section 145 to 164) of this Act, driving motor vehicles in public places without third party insurance is a punishable offence. Hence, Third Party Motor Insurance for vehicles is a statutory requirement.

Read more


Compare & Save upto 85%* on Car Insurance
Processing
Get Car Insurance starting
@ only 2094/year#
  • Renew Policy In2 Minutes

  • 20+ Insurers To Choose From

  • 51 Lakh+ vehicles insured

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Insurance is a contract whereby the insurer undertakes to pay the insured person a sum of money in the event of a happening or in the event of specific events. Motor Insurance protects the owner of the vehicle against damages to the vehicle and also pays for any liabilities owed by the vehicle owner as per law. The owner of the vehicle is legally liable for any injury or damage to life or property caused by used of the insured vehicle.

What does Motor Insurance Cover?

Motor insurance can be of two types. It can either cover only liability, as is the statutory requirement. Or it can cover liability and a variety of damage to the insured person’s vehicle. This is called as OD (Own Damage) cover and comprises the following types of damages.

  • Fire, Self- Ignition, Explosion, Lightning
  • Burglary, Housebreaking, Theft
  • Riots, Strikes
  • Earthquakes, floods, storms, tempest, inundation, hailstorm, frost, cyclones, hurricanes, landslides, rock slides
  • Accidental external means
  • Malicious Acts
  • Terrorism act
  • While in transit

If you are not using your car for a prolonged period of time, and it just lies in your garage or in a parking facility, paying for car insurance may seem a bother. However, it is still better to pay for third party motor insurance for your car for the protection and coverage offered.

Thievery

Although the common belief is that only new and fancy cars are targeted by thieves, there are no such rules. Parts of older, difficult to find cars, are usually costlier in the market than any of the newer cars available. Thieves may earn more for older unavailable parts. Hence the number of old cars getting stolen is increasing. Whether it is a new car or an old one, it is beneficial to insure it.

Physical Damage

Even in storage, cars may get damaged for a number of reasons, such as floods, fire, earthquake, rain water, and force majeure or due to infrequent use. For example, a car’s engine may get damaged due to flooding or due to rain water entering the engine. Part of the cost incurred for reparation may be covered by some insurers. Similarly, damage caused by some natural calamities such as fire, earthquakes, storms, floods, etc. are covered. Damage caused by strikes, riots, terrorism, burglary, theft, malicious acts and other manmade calamities are also covered.

Use by Others

If you are not using your car, and have rented it to another party for use, the Motor Insurance would provide protection against any liability arising as a result of injury or death caused by the vehicle to the occupants.

Ideally it would be beneficial to the car owner to insure the vehicle, be it in use or out of circulation. Insurance protects the car owner in a number of situations, and provides financial relief in the event of damage caused by or to the vehicle.

Here are a few interesting motor insurance plans.

Insurer

Third party Cover

Some of the add on Covers

Special Features

Bajaj Allianz Car Insurance

Up to INR 7.5 lakhs for third party property damage

  • Engine Protector
  • Key and Lock replacement
  • Electrical and Non-Electrical Accessories
  • Road Side Assistance (RSA) Plan
  • PA for passenger
  • Optional Zero Depreciation
  • RSA and Lock and Key included in all policies
  • 24*7 Call centres and SMS updates on motor claims
  • Instant policy issuance

HDFC Ergo Car Insurance Plan

Up to INR 7.5 lakhs for third party property damage

  • Engine Protector
  • Electrical and Non-Electrical Accessories
  • Road Side Assistance (RSA) Plan
  • PA for passenger
  • Zero Depreciation
  • Occupation and Age discounts available
  • Comprehensive support through a dedicated support team
  • Unlimited claims for Zero Depreciation plan in a year

IFFCO Tokio Car Insurance Plans

Up to INR 7.5 lakhs for third party property damage

  • Electrical and Non-Electrical Accessories
  • PA for passenger
  • Online e-survey claims module for lowest TAT in claim settlement
  • Trained in-house surveyors for immediate claim assistance

Over to You!

Now that you know how important it is to ensure car insurance even if your vehicle is off-road, it makes sense to carefully choose a car insurance that fits well within your budget and matches your preferences and requisites.

So, if you haven’t insured your car yet, go for it now! Remember, your car is where you spend most of your time, after your office and home and that’s why it makes sense to ensure proper cover for your cover.

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
 Why buy from policybazaar

Car insurance articles

Recent Articles
Popular Articles
Does Comprehensive Car Insurance Cover Hit and Runs?

09 Jan 2023

Yes, your comprehensive car insurance policy may cover the damages
Read more
The New IRDAI Regulations for KYC in Car Insurance

03 Jan 2023

As per the IRDAI guidelines, all motor insurance sectors including
Read more
How Can We Use Roadside Assistance Cover in Car Insurance?

09 Dec 2022

Roadside Assistance is an add-on cover offered with your
Read more
Is Nut Bolt Covered Under Car Insurance?

06 Dec 2022

No, any damage to the nut bolt or any other consumable of your
Read more
What Happens When You Only Have Third-Party Insurance?

05 Dec 2022

Third-party car insurance is a mandatory cover as per the motor
Read more
Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
Read more
Check Car Insurance Status Online on Parivahan Sewa/ RTO?
It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
Read more
Multiple Ways To Check Your Car Insurance Status Online
With everything going digital, checking vehicle insurance status online has become easier than ever. It not only
Read more
How to Find Car Insurance Details by Registration Number?
As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
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

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL