Car
Why is Car Insurance Mandatory in India? Here's What You Should Know
On a rainy evening, Shivam Nain, a 25-year-old IT professional, was driving home from his office when, due to a slippery and very congested road, his car bumped into another. The collision damaged Shivam’s car on one side, the head broke, and a big chunk of paint chipped off. The driver of the other car did feel a big jerk, but thankfully, he did not suffer any severe injury. After Shivam’s heartfelt apology, the matter settled quite amicably.
After that, however, things got a little bumpy for Shivam. His car insurance had expired just a few days back, and as luck would have it, he missed renewing it. Without any insurance cover, his car repair bill cost him around ₹11,000. A valid car insurance could have saved him big bucks, and he wouldn’t have had to pay the bills out of his pocket. Their insurance provider would have taken care of the repair expenses.
Driving can offer a pleasant and wholesome experience. The Indian roads, however, are filled with surprises and often uncertainties for automobile enthusiasts. Amongst them all, what remains a constant is ensuring safety at all times. While being a rational driver comes first, purchasing car insurance is something you must not avoid. As a car owner, you must know that purchasing car insurance in India is not just a recommendation but a mandatory provision. But, do you know why the authorities make motor insurance a legal requirement? Let’s decode the importance of car insurance in detail.
