If you opt for a comprehensive car insurance policy the new car insurance cost will consist of two parts - third party premium and own damage OD premium.

How much does third party car insurance cost in india. Premium rates vary based on this. How Much Does a Third Party Bike Insurance Cost. Even if you do everything you can to prevent damage or injury they still happen.

The value however is determined as per the cubic capacity of your cars engine. Third party here means someone who is other than the insurance company and the policy holder- be it a pedestrian or person travelling in another vehicle. For example if you go for comprehensive car insurance for a mid-segment car which covers own damage along with third party liability it will cost you in the range of Rs.

The third party premium for all cars is decided by the IRDA or the Insurance Regulatory Development Authority of India. However only third party liability premium is less than Rs. From 1st September onwards you will be required to take 3 years for a new car and a third party insurance cover of 5 years for the bike.

The first year insurance cost for a car of capacity of over 1500 cc say a Hyundai Creta has gone up from about Rs 23897 to nearly Rs 45804 or even higher -. The good thing about third party car insurance is that it is very cheap. Typical costs for liability-only or state minimum policies are in the range of 500 to 1000.

It provides coverage for bodily injurydeath of a third party as decided by a court of law as well as third party property damage up to Rs. As the name implies the main beneficiary of the policy is the third party. The third party car insurance premium for the current year is as follows.

It depends on Cubic capacity less than 1000cc 10001500 more than 1500 cc. Plus the third party coverage which ranges from 1500 to 6000- depending of the cubic capacity of the car. Third party bike insurance premium or.