Third-Party vs Comprehensive LCV Insurance – Which One Is Better?

When it comes to insuring your Light Commercial Vehicle (LCV), the biggest confusion owners face is choosing between Third-Party Insurance and Comprehensive Insurance. Both offer protection, but the level of coverage, cost, and benefits are very different. If you own a goods-carrying vehicle like a Tata Ace, Bolero Pickup, Mahindra Jeeto, or any small commercial van, knowing the right option can save you money and trouble.

What is Third-Party LCV Insurance?

Third-party insurance is the minimum legally required policy for any commercial vehicle. It covers:

• Damage to another vehicle

• Injury to a third party

• Property damage

• Death or disability of a third party

It does NOT cover your own LCV’s damage.

✔ Best for:

• Low-use vehicles

• Owners looking only for legal compliance

• Very tight budgets

✘ Not suitable if:

• You depend on the vehicle for business income

• You want financial protection in accidents

• You want theft or fire coverage

What is Comprehensive LCV Insurance?

Comprehensive insurance includes Third-Party Cover + Own Damage Cover, meaning your LCV is protected against:

• Accidents

• Fire

• Theft

• Natural disasters

• Vandalism

• Damage during transit

• Personal accident cover (optional)

✔ Best for:

• Vehicles used daily

• Business owners who cannot afford downtime

• Areas with high accident or theft risk

✘ More expensive, but worth it for safety.

Price Comparison

Which One Should You Choose?

If you use your LCV for business, delivery, or transport — Comprehensive Insurance is clearly the better choice.
If the vehicle is rarely used or only for compliance — go for Third-Party.