Motor vehicle insurance can be broadly classified under below heads:
Car Insurance
Car insurance gives coverage against accidental loss or damages to own car or a third party caused due to the insured car. When choosing a car insurance policy, a person should always compare the premium offered by various insurers to get best deal. The amount of premium would majorly depend on the make & value of the car, the state from which it is registered and the manufacturing year.
Two Wheeler Insurance
Two wheeler insurance or bike insurance provides financial and legal protection to bikes and scooters. It covers two-wheeler vehicles against any own damages as well as any accidental loss caused to third-party property or person. Similar to car insurance, the premium of a two-wheeler policy depends on the age of the bike, its make & model, registration year, etc.
Commercial Vehicle Insurance
Commercial vehicle insurance helps all commercial vehicle drivers to reduce losses they might incur due to damage to their vehicle. It covers a commercial vehicle from unforeseen damages like theft, fire, collisions and third-party damages as well. Here commercial vehicles include those vehicles that are not used for personal purposes, like goods carrying vehicles, trucks, etc.