What Is Motor Insurance?
Motor insurance is an insurance policy that protects the policyholder in case of monetary losses – leading from an accident, injury, or other damages – sustained by the insured automobile.
When you buy a motor vehicle, you need to buy motor insurance. The common types of motor insurance are:
- Third-party cover – This policy insures you against claims for bodily injuries or deaths caused to third-party persons, as well as loss or damage to third-party property caused by your vehicle.
- Third party, fire and theft cover – This policy provides insurance against claims for third-party bodily injury and death, third-party property loss or damage, and loss or damage to your own vehicle due to accidental fire or theft.
- Comprehensive cover – This policy provides the widest coverage, including third-party bodily injury and death, third-party property loss or damage, and loss or damage to your own vehicle due to accidental fire, theft, or an accident.
Try using our quote tool to compare top providers in your area and see who can offer you the best premium.