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First-Party Car Insurance: Protecting Your Own Car from Unexpected Losses

First-Party Car Insurance: Protecting Your Own Car from Unexpected Losses

Buying a car is a big investment, and protecting it should be a priority. While many people opt only for basic third-party insurance, it does not protect your own vehicle. This is where first-party car insurance becomes important.

First-party car insurance ensures that your car is financially protected against damage, theft, and other unexpected events.

What Is First-Party Car Insurance?

First-party car insurance, commonly known as own-damage cover, protects the policyholder’s own vehicle. It covers repair or replacement costs if your car is damaged due to:

  • Road accidents

  • Fire or explosion

  • Natural disasters like floods, earthquakes, storms

  • Theft of the vehicle

  • Vandalism or riots

Unlike third-party insurance, this policy focuses on your personal financial protection.

Why First-Party Car Insurance Is Important

1. Protects Your Vehicle Investment

Car repairs can be expensive. First-party insurance saves you from heavy repair bills.

2. Covers Theft and Natural Damage

If your car gets stolen or damaged due to floods, fire, or storms, the policy provides financial support.

3. Peace of Mind While Driving

You drive with confidence knowing your vehicle is protected in most situations.

4. Add-On Covers Available

You can enhance your coverage with add-ons like:

  • Zero Depreciation Cover

  • Engine Protection

  • Roadside Assistance

  • Return to Invoice Cover

These add-ons make your policy more powerful and flexible.

What Does First-Party Insurance Cover?

It typically covers:

  • Damage to your own car due to accidents

  • Loss due to theft

  • Fire and explosion damage

  • Natural calamities

  • Man-made disasters (riots, vandalism)

However, it usually does not cover:

  • Normal wear and tear

  • Mechanical breakdown

  • Driving without valid license

  • Damage caused under influence of alcohol

Who Should Buy First-Party Car Insurance?

First-party insurance is ideal for:

  • New car owners

  • People living in accident-prone or flood-prone areas

  • Owners of expensive vehicles

  • Daily commuters

  • Anyone who wants complete financial protection for their car

If your car is valuable to you, first-party insurance is a smart choice.

Lender Lender Name Key Features Apply
Kotak Mahindra %

Kotak Mahindra Car Insurance ek comprehensive policy hai jo own-damage aur third-party liabilities cover karti hai, personal accident protection deti hai, cashless garage network aur multiple add-on options offer karti hai — sab online aur renewal ke saath flexible tenure options ke sath.%

 Apply Now

4 Star Rating Reviews
Reliance General Car Insurance%

Reliance General Car Insurance is a comprehensive motor policy that covers own damage and third-party liabilities, includes personal accident protection up to ?15 lakh, offers extensive add-ons, a wide cashless garage network, and rewards safe driving with NCB discounts — all available with flexible tenure options.%

 Apply Now

4 Star Rating Reviews
Bajaj Allianz Car Insurance%

Bajaj Allianz Car Insurance ek comprehensive policy hai jisme own-damage + third-party liability cover, personal accident protection up to ?15 L, up to 50% No Claim Bonus, wide cashless garage network, aur multiple add-on options milte hain.%

 Apply Now

4 Star Rating Reviews
HDFC ERGO Car Insurance%

HDFC ERGO Car Insurance is a comprehensive car policy offering coverage for own damage and third-party liabilities, personal accident protection, NCB benefits, multiple add-on covers, and a wide cashless garage network for hassle-free claims.%

 Apply Now

4 Star Rating Reviews
ICICI Lombard Car Insurance%

ICICI Lombard Car Insurance is a comprehensive motor policy that protects your vehicle from own-damage and third-party liabilities, offers personal accident cover up to ?15 lakh, NCB benefits, and a large cashless garage network for fast claim support.%

 Apply Now

5 Star Rating Reviews
TATA AIG Car Insurance %

TATA AIG Car Insurance offers comprehensive vehicle protection including own damage and third-party liability, personal accident cover up to ?15L, large network garages, NCB benefits, and flexible add-on covers. Suitable for car owners seeking reliable and customizable car insurance.%

 Apply Now

4 Star Rating Reviews
Acko Car Insurance%

Instant digital car insurance by Acko with affordable premiums, fast claim settlement, and zero paperwork.%

 Apply Now

4 Star Rating Reviews

First-party (own-damage) car insurance ke liye eligibility criteria kaafi simple hote hain. Generally, niche diye gaye conditions satisfy honi chahiye:

  • The applicant must be the registered owner of the vehicle

  • The car should have a valid Registration Certificate (RC)

  • The vehicle must be in roadworthy condition

  • The car should be used for legal and private purposes (not illegal activities)

  • For renewal, the previous insurance policy details should be available

  • Both new and old cars are eligible for first-party insurance

There is no income requirement, which makes this insurance accessible for all car owners.

The documentation process is simple and usually completed online. Most insurers ask for the following documents:

  • Registration Certificate (RC) of the car

  • Previous Insurance Policy Copy (for renewals)

  • Valid ID Proof
    Aadhaar Card, PAN Card, Driving License, or Passport

  • Address Proof
    Aadhaar Card, utility bill, or Driving License

  • Vehicle Details
    Car model, registration number, fuel type, and year of manufacture

Many insurance providers now offer a 100% digital process, so policies can be purchased or renewed quickly.

How CrediDost Can Help

CrediDost helps users understand and explore suitable insurance options from trusted providers. With a focus on transparency, data privacy, and user consent, CrediDost makes it easier to compare policies and choose the right protection for your vehicle.

First-party car insurance is not just an extra cost — it is a smart financial decision. It protects you from unexpected repair expenses and helps you stay financially secure when things go wrong.

If you want real protection for your car, first-party cover should always be part of your insurance plan.

Latest Blogs

Zero Depreciation Car Insurance: Get Maximum Claim Without Worrying About Depreciation

Car insurance lena aaj ke time me sirf legal requirement nahi, balki smart financial protection bhi hai. Lekin jab claim ka time aata hai, tab aksar depreciation ki wajah se claim amount kam milta hai. Isi problem ka solution hai Zero Depreciation Car Insurance. Zero Dep insurance aapko higher claim amount dilane me help karta hai, kyunki isme parts ki depreciation deduct nahi hoti.

First-Party Car Insurance: Protecting Your Own Car from Unexpected Losses

Buying a car is a big investment, and protecting it should be a priority. While many people opt only for basic third-party insurance, it does not protect your own vehicle. This is where first-party car insurance becomes important. First-party car insurance ensures that your car is financially protected against damage, theft, and other unexpected events.

Third-Party Car Insurance: Why It Is Mandatory and Why It Matters

If you own a car in India, third-party car insurance is not optional — it is a legal requirement. But beyond the law, it also plays an important role in protecting you from unexpected financial liabilities on the road. Many people buy third-party insurance only to avoid fines, but understanding its real value can help you make smarter decisions.

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