Why Car insurance is required?
It is mandatory as per Indian law that all vehicles (including private cars) have to be insured for third-party insurance. Comprehensive is not mandatory.
But owning and maintaining a car is expensive. We still believe in the philosophy of retaining our first purchase assets for a long period and cars are no different. We want to travel with peace and protection, ensuring damages to our cars are paid for in the event of an accident. Hence, buying a comprehensive insurance is a good choice.