Let’s be honest—most of us buy car insurance because we have to. The moment your vehicle is ready for the road, insurance becomes a must. But there’s always this one question that pops up and confuses people—First Party Insurance vs Third Party Insurance. What’s the real difference? And which one should you go for?
We’re breaking it down right here, no fancy words, no complicated stuff. Just the basics, the benefits, the not-so-great parts, and a little help from your friends at Insuremile.
What is First Party Car Insurance?
First party insurance is also known as comprehensive car insurance. It’s called “first party” because it protects you—the car owner. If your car gets damaged in an accident, fire, flood, or even theft, this type of insurance helps you cover the repair or replacement cost.
This plan also includes third party coverage, so it’s kind of like getting full protection in one go.
- Why People Choose It:
- Your own car is covered
- Theft, natural disasters, accidents—everything’s included
- You can add extra features like zero depreciation or engine cover
Not So Great Part:
It costs more than third party
You’ll have to renew it properly every year or it lapses
But hey, if your car is new or expensive, you’d want this protection. Otherwise, imagine crying over a dented bumper and an empty wallet.
What is Third Party Insurance?
Third party insurance is the one the law asks you to get. It doesn’t cover your car, but it takes care of damages you cause to someone else’s vehicle, property, or in some cases, their medical bills.
- Why People Go For It:
- It’s cheaper
- Meets the legal requirement
- Easy to get and renew
- What You Miss Out On:
- No cover for your own car
- If your car is stolen or damaged, you’ll pay from your pocket
This works for people with older vehicles, or those who rarely drive. Also helpful if you’re just trying to stay legally insured without spending much.
First Party Insurance vs Third Party Insurance – Quick Comparison
| Feature | First Party Insurance | Third Party Insurance |
| Covers own vehicle damage | Yes | No |
| Covers damage to others | Yes | Yes |
| Covers theft | Yes | No |
| Natural disasters covered | Yes | No |
| Cost | Higher | Lower |
| Legally required | No (but recommended) | Yes |
So, Which One Should You Choose?
It depends on what you want.
Got a new car or a fancy model? Go for first party insurance. You’ll sleep better at night.
Using an old car just for local rides? Third party insurance might be enough.
Want both peace of mind and savings? Get a quote from Insuremile. You might find a sweet deal with full protection at a fair price.
How Insuremile Makes It Easy
We know that insurance can be boring (and sometimes a little scary). That’s why we made it easy. You can compare plans, read the fine print without falling asleep, and get advice from actual humans.
Whether you want first party insurance for full protection, or third party insurance just to meet the legal rule, we help you find what fits your car and your budget.
Want extra add-ons? We’ve got ‘em. Need help renewing? We send reminders. Have questions? We don’t make you talk to a robot.
Final Word
Don’t wait till something goes wrong to figure out what kind of insurance you needed. Whether it’s first party or third party, having the right cover makes all the difference.
At Insuremile, we don’t just sell policies—we explain stuff, clear your doubts, and make sure you know what you’re buying. That way, you’re not just insured—you’re actually covered.
Check out the options today and pick the one that works best for you. No stress. No tricks. Just honest help from a trusted name in insurance.
Because when it comes to First Party Insurance vs Third Party Insurance, knowing the facts is half the job done.
