Third Party Insurance For Car Price List 2023

What is Third Party Insurance?

Third-party insurance is a type of insurance policy that provides financial protection against any legal liability that may arise due to an accident caused by the insured vehicle or its owner. It is mandatory in India for all vehicles that are registered with the Motor Vehicles Authority (MVA). Third-party insurance covers any damage caused to another person, property or vehicle in an accident. The policy does not cover any damage to the insured vehicle or any medical expenses incurred by the insured or any passengers in the vehicle. It is important to note that third-party insurance does not provide cover for any damage to the insured vehicle.

Third Party Insurance for Car Price List 2023

Third-party insurance for cars is compulsory in India and the cost of the policy depends on the make, model and year of the car. The premium for the insurance policy is calculated on the ex-showroom price of the car. The premiums for third-party insurance policies are specified by the insurance company and they vary from company to company. Given below is the third-party insurance for car price list 2023:

Maruti Suzuki Cars:

The third party insurance for cars from Maruti Suzuki range from Rs. 2,400 to Rs. 4,500 for a period of one year. Some of the popular models from Maruti Suzuki include the Alto, Swift, Wagon R, Dzire, Baleno, and the Ertiga.

Hyundai Cars:

The third party insurance for cars from Hyundai range from Rs. 2,400 to Rs. 4,500 for a period of one year. Some of the popular models from Hyundai include the Santro, Grand i10, Elite i20, Verna, Creta and the Tucson.

Tata Cars:

The third party insurance for cars from Tata range from Rs. 1,800 to Rs. 3,500 for a period of one year. Some of the popular models from Tata include the Tiago, Nexon, Altroz, Harrier and the Hexa.

Honda Cars:

The third party insurance for cars from Honda range from Rs. 2,800 to Rs. 4,500 for a period of one year. Some of the popular models from Honda include the Amaze, Jazz, City, WR-V, and the CR-V.

Conclusion

Third-party insurance is compulsory in India and the cost of the policy depends on the make, model and year of the car. It is important to note that the premiums for third-party insurance policies are specified by the insurance company and they vary from company to company. The premiums for third-party insurance for cars in India range from Rs. 1,800 to Rs. 4,500 for a period of one year.