Types of Car Insurance
| Type | Covers | Cost |
|---|---|---|
| Third Party | Only third party damage/injury | ₹2,000-3,000 |
| Comprehensive | Own damage + Third party | ₹8,000-20,000+ |
| Stand-alone OD | Only own damage | ₹5,000-15,000 |
NCB (No Claim Bonus) Slab
- 1st year without claim: 20% discount
- 2nd year: 25% discount
- 3rd year: 35% discount
- 4th year: 45% discount
- 5th year onwards: 50% discount
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Money-Saving Tips
- Don't file small claims to preserve NCB
- Install anti-theft devices for discounts
- Increase voluntary deductible to lower premium
- Compare quotes from multiple insurers