Comprehensive car insurance

Comprehensive car insurance is a type of motor insurance policy that offers financial protection against both own-damage losses and third-party liabilities. Unlike basic plans, a comprehensive insurance policy safeguards your vehicle from accidents, theft, fire, natural disasters, vandalism, and man-made calamities.

In simple terms, this motor insurance policy combines:

• Third-party insurance: Mandatory by law and gives financial protection against third-party liability.
• Own-damage cover: It provides financial coverage in case of loss or damage to your own vehicle.

Explore add-ons for your comprehensive policy car insurance

Insurers offer optional add-ons to enhance your comprehensive policy, reducing repair costs and covering risks usually excluded.

• Zero Depreciation Cover Pays the full cost of replaced parts without depreciation deductions, helping reduce expenses under comprehensive car insurance.
• Engine Protection Cover Covers engine and gearbox damage caused by water ingress or oil leakage, which standard motor insurance comprehensive usually excludes.
• Roadside Assistance Provides 24/7 help for breakdowns, flat tyres, battery issues, or towing to get you moving again quickly.
• No Claim Bonus (NCB) Protection Allows you to make limited claims without losing your renewal discount on your comprehensive car insurance policy.
• Return to Invoice (RTI) Cover Pays the difference between the invoice value and insurer payout if the vehicle is stolen or declared a total loss under a comprehensive car policy.
• Key Replacement Cover Covers the cost of replacing lost or stolen car keys, including reprogramming and lockset changes.
• Personal Accident Cover for Passengers Provides financial compensation for passengers in case of injury, disability, or death due to an accident.
• Consumables Cover Covers the cost of consumable items such as engine oil, coolant, nuts, bolts, and filters used during repairs.
• Outstation Emergency Cover Offers support for accommodation or alternate transport if your car breaks down more than 100 km from home.
• Electrical Accessories Cover Protects non-factory-fitted electrical items like audio systems, screens, or reverse cameras against damage or theft.
• Extra Car Protection Covers minor dents and scratches without affecting your No Claim Bonus under best comprehensive car insurance plans.

Is comprehensive car insurance worth it for an older car?

Many owners believe that comprehensive motor insurance is only suitable for brand-new vehicles. However, even older cars can face high repair costs that exceed their market value.

Comprehensive cover under car insurance comp remains a smart choice if your car:

• Is still in good condition
• Has a reasonable market value
• Is frequently driven in city traffic

Then, opting for comprehensive insurance for cars remains a sensible choice. Even for ageing vehicles, own-damage coverage can help manage unexpected repair costs that may otherwise strain your finances.

Who should buy comprehensive car insurance?

Buying comprehensive automobile insurance is highly recommended for: New Car Owners: Protects your new car from minor or major damages without high out-of-pocket expenses.

• Long-Distance Driver: High mileage and regular highway travel increase risk, making comprehensive motor car insurance essential for wider protection on long journeys.
• Daily Urban Commuters: Constant city driving exposes your car to traffic damage which comprehensive insurance for vehicle coverage helps manage efficiently.
• Owners of High-Value or Luxury Cars: Expensive parts and specialist repairs are covered, helping prevent large out-of-pocket expenses.
• Drivers in High-Risk Areas: Regions prone to floods, theft require a comprehensive car insurance policy to cover non-accident-related losses.

How to calculate a comprehensive car insurance premium?

The comprehensive car insurance cost is determined by several factors. To get an accurate estimate, you can use a car insurance calculator online, which considers the Insured Declared Value (IDV) the current market value of your car and applies the applicable premium rate.

Factors Affecting Comprehensive Car Insurance Price:

• Insured Declared Value (IDV) of the vehicle
• Age and model of the car
• Engine capacity and fuel type
• City of registration
• Selected add-ons

Comprehensive car insurance Vs Third-Party car insurance Third-Party cover is the legal minimum required to drive; it only pays for damages to others. A comprehensive insurance policy, on the other hand, looks after both you and the other party, making it the safer financial choice for most motorists.

Understanding the difference between comprehensive and third party insurance helps in choosing the right plan.

How to buy comprehensive car insurance online

Buying comprehensive car insurance online is quick and hassle-free, especially when done through Park+.

Steps to Follow:

1 . Open the Park+ app or visit the website and go to the “Car Insurance” section. 2 . Enter your car registration number in the given box to get the quotes. 3 . Compare comprehensive car insurance plans from top insurers and customise your coverage, IDV, and add-ons easily according to your needs. 4 . Check the final premium and make a secure online payment. 5 . Receive your comprehensive car insurance policy instantly at your registered email.

How does the comprehensive car insurance claim process work?

If you need to use your comprehensive insurance coverage, the process is usually straightforward:

Steps to raise a comprehensive for insurance claim:

• Inform: Notify your insurer immediately after the incident.
• Claim Registration: Fill in the claim form online and submit the required documents.
• Survey: An assessor inspects the vehicle and verifies the damage.
• Repair: Once the survey is approved, take your car to a network garage for cashless repairs, or a garage of your choice for reimbursement.
• Settlement: Once repairs are done and the excess is paid, the insurer settles the remaining comprehensive car insurance cost.

Choosing comprehensive car insurance gives you complete peace of mind by covering both your vehicle and legal liabilities. Park+ makes it easy to compare car insurance comp quotes, customise coverage with add-ons, and buy or renew your policy in just a few taps. Park+ helps you manage digital documents and expiry alerts, making insurance simple and stress-free.