I am buying a new car. What are the types of vehicle insurance available? This is my first car and I am new to driving.
We are assuming that you have learnt driving in a good Motor Driving School and have got Driving Licence.
Our Suggestion is that you go in for an old car. After driving old car for few months, you may go in for new car.
Broadly speaking Vehicle Insurance is divided into 2 parts:
- Own Damage (OD)
- Third Party (TP)
OD is your choice, but TP is mandatory in India and you but it.