header Car Insurance

What to Consider When Purchasing Standalone Own Damage Car Coverage?

By Juhi Walia
19 August 2022, 12:02 PM

Why should you consider purchasing standalone own damage car coverage? Firstly, this policy makes sense only if you have a limited liability policy mandated under the Motor Vehicles Act, 1988. If that is the case, you can look at some other plausible reasons for buying a standalone own-damage car insurance policy.

An estimate for a repair might be more than the vehicle's value. The best thing about the policy is that you won't lose any money, even if you cannot resell your vehicle. Another reason to buy your own-damage insurance is if there is no chance that your vehicle will recover value on its own or can just be repaired without affecting its value. You want to decrease the number of possible problems that may happen to the vehicle and ensure it is protected from damage.

While buying standalone own-damage car insurance policy, you can consider many factors to assess its utility. Let's begin!

What is a Standalone Own Damage Car Insurance Policy?

Own-damage car insurance policies are standalone policies that only cover the cost of repairs and replacements after a vehicle is damaged. 

A standalone own-damage car insurance policy offers the own damage cover you get in a comprehensive car insurance policy. This means it includes features such as:

  • Repair costs for your vehicle if it suffers damage from a road traffic accident you were involved in – including death or injury to any other person involved.
  • Replacement rental costs for your vehicle if it's off the road for more than seven days because of damage caused by an RTA involving you or one of your passengers.

5 Things to Consider Before Selecting a Standalone Own Damage Car Insurance Policy

Before choosing a standalone own-damage car insurance policy, you must consider some essential factors. This will help you get the right policy for you. Here are some things for you to consider before you get behind the wheel without any car insurance online:

1. Shop Around Before Selecting Your Policy

Like with any other type of insurance coverage, there are many different options available regarding standalone own damage car policies, including deductibles and coverage limits. You'll want to shop around before settling on a policy with terms that are right for your needs or budget.

2. Your Driving Record Matters

You must understand how your driving record will affect the cost of your own-damage insurance. Suppose you have multiple traffic violations or accidents on your record. In that case, it will be more expensive for you to get this type of coverage because these incidents raise the risk of further accidents in the future.

However, if you maintain a clean record or have never been involved in an accident or traffic violation, there is less chance that something wrong will happen while driving. This could result in lower premiums for own damage car insurance policies.

3. Consider Your Vehicle's Age and Condition

Car insurance companies factor in depreciation when determining how much they'll charge you for coverage. If you have an old vehicle that is no longer worth repairing, you may want to consider purchasing standalone own-damage car insurance.

This way, if someone hits your vehicle, there won't be any problems with fixing or replacing it through insurance. The money from this policy can help pay for repairs and replace damaged items such as tires, lights, mirrors and paint jobs.

4. Look Out for Additional Safety Features

If you want to add extra protection against theft or vandalism, look for optional features such as anti-theft devices, tracking devices, and alarms. Some insurers even offer discounts on these additional safety features if they're included in your policy. Check whether there are any exclusions or restrictions on the type of vehicles covered by the policy. Some standalone own-damage car insurance policies do not cover certain kinds of cars, such as classic models or sports cars. Check with your insurer to determine if they offer such coverage and how much extra it will cost you per month or year.

5. Do Not Overlook Important Coverage Options

When buying a car insurance policy, many critical factors can affect its cost. For example, if you have chosen an expensive model or your vehicle has been modified, it may become difficult to find an affordable cover that offers all the features you want.

Many companies offer standalone own-damage car insurance policies that meet your needs. However, before signing up with any provider, ensure they provide all the necessary coverage options at competitive prices not to burden you with unexpected expenses later.

Wrapping Up

As it turns out, there are a wide variety of choices when it comes to choosing car insurance. But if you're in the market for standalone own-damage coverage, and you clearly understand what coverage you need, the process will be quick and painless. In fact, by following the steps above, you could be well on your way to cheaper insurance premiums in no time. That being said, a standalone own damage insurance policy can't prevent you from paying penalties. So, this policy is recommended if you have a third-party car insurance policy only. But if you have a comprehensive car insurance policy, you can do away with a standalone policy. The reason - a comprehensive policy does what a standalone does besides providing the mandatory third-party cover to prevent penalties.

Read more-


1. What is standalone own-damage car insurance?

Own damage car insurance is a standalone policy that covers the damage to your vehicle in the event of an accident. It costs less than comprehensive car insurance but does not cover other people's vehicles or property. 

For example, if you hit a divider that damages your vehicle, you would be covered under own-damage car insurance. But if someone ran into you from behind and damaged both cars, you would need to file two claims — one for each car — to receive compensation for repairs.

2. What are the 4 factors to consider while choosing a standalone own-damage car insurance policy?

If you're unsure whether or not your vehicle will qualify for a standalone own-damage car insurance policy, consider these four things:

1. Consider your vehicle's age and condition.

2. Understand your deductible amounts and coverage expenses.

3. Be aware of all the add-ons and benefits of purchasing the car insurance policy.

4. Understand the time limit for submitting claims for damage or losses caused.

3. What's the difference between own-damage and third-party car insurance policies?

With a standalone own damage policy, you're covered for any costs associated with repairing or replacing your vehicle, including towing and servicing costs. Whereas a third-party car insurance policy covers you against third-party claims arising from an accident with your insured four-wheeler.

4. What are the benefits of standalone own-damage car insurance?

Own-damage car insurance costs less than comprehensive car insurance. Besides, you can add various add-ons such as engine protection cover, zero depreciation cover, tyre protect cover, etc., to expand your coverage against unforeseen events.

5. Shall I need to mention the type of car insurance policy when claiming?

Of course. A successful claim intimation requires disclosures such as the type of car insurance policy you own, car registration number, etc.

Car Insurance banner
Car Insurance

Starting at only ₹6 per Day*

Enter your details to buy Car Insurance
By proceeding you agree to Terms & Conditions
Proceed without car number