After purchasing a car, the next step is to select a suitable motor insurance policy that will help to financially safeguard the vehicle and insured from various liabilities. Such an insurance policy extends a host of benefits that individuals must be aware of before purchasing one. Following are the key reasons individuals should opt for a motor vehicle insurance plan in India. Protects your vehicle financially Individuals can purchase a comprehensive motor insurance policy that provides financial coverage against any accidental damage to their own vehicle alongside third-party vehicles or property. Such plans also financially protect the vehicle against damages due to accidents, fire, natural calamities, etc. Pays for third-party damages It is mandatory to purchase an insurance policy that provides coverage if you cause damage or injury to a third-party in India. If your vehicle is involved in any road accident which injures a pedestrian or damages any property, the insurer