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Why is the lowest priced car insurance policy different from the best policy?

The reality is that affordable plans are not usually the best policies and vice versa, so much so that I want to highlight policy and characterize it as the cheapest and best insurance policy. Why is the lowest price policy different from the best policy?It's easy — third-party policies are the cheapest policies. These are the most basic car insurance type and, therefore, the most affordable. Nevertheless, these policies do not cover your vehicle damages, repair costs, and total damage. They only provide compensation for third party injuries and property damage. Therefore, I agree, third-party plans are certainly not the best available plans, although they are the most economical form of car insurance available.
If you are looking for value and don't want the added protection of a comprehensive plan, then third party car insurance is the cheapest and best option for you. Besides, IRDAI strictly regulates the rates of third-party insurance plans, which ensures that the prices of…