Buying a new car is exciting, but navigating the world of car insurance can be confusing. This guide breaks down the basics of car insurance in Pakistan.
Comprehensive vs. Third-Party Third-party insurance only covers damages to other vehicles in an accident, while comprehensive insurance covers your vehicle as well. For new or valuable cars, comprehensive is highly recommended.
Insured Value This is the maximum amount the insurance company will pay in case of a total loss. It typically depreciates each year.
Deductibles The deductible is the amount you pay out of pocket before the insurance coverage kicks in. A higher deductible usually means a lower premium.
Always compare quotes from different providers and read the fine print carefully before signing a policy.
