two-wheeler or four-wheeler, it is mandatory by law to have a motor insurance policy

If you own a vehicle whether two-wheeler or four-wheeler, it is mandatory by law to have a motor insurance policy. Hence, it is completely illegal to drive without motor insurance policy. If you are caught driving without any motor insurance, you will have to face serious consequences.

Having a car insurance policy is not only necessary to abide by law but it also helps to protect you against various calamities.

There are two types of motor insurance covers third party cover and own-damage cover. Motor third party insurance is mandatory by Motor Vehicles Act, 1988, to have for all vehicles plying on road whereas own-damage insurance cover is optional.

Having car insurance will save you from paying for the damages from your own pocket.

However, it is advisable to go for comprehensive cover as while third party cover offers risk coverage only in case of damage incurred to third party, the comprehensive cover also take care of your personal loss in event of an accident.