Best Car Insurance in Pakistan

Best Car Insurance in Pakistan

Discover Pakistan's Top-Rated Car Insurance Providers

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WRITTEN BYKevin Ordonez
PUBLISHED ONNovember 30, 2023

Traveling abroad is an exciting adventure! But when you're renting a car in Pakistan, you need to stay safe. Road accidents can happen. That's why it's important to know what insurance company is the right for you.

Car insurance can help you if there's a road accident. It can cover costs for personal injuries or property damage. So, you can enjoy your trip without worrying. It gives you financial protection and peace of mind.

But with so many options out there, how do you choose?

Well, we're here to guide you to the best car insurance in Pakistan. Keep reading to find out more!

Top 5 Car Insurance Providers in Pakistan

Adamjee Insurance

Adamjee Insurance Company offers a mandatory Motor Insurance policy under the Motor Vehicle Act. This insurance policy makes sure that the vehicle owner is safe from money loss. This can be due to damage or theft of the vehicle. It can also be because of third party liability. Adamjee covers you with:

  • Protection from loss or damage because of accident, fire, flood, theft, and more.
  • Coverage during travel by road and rail.
  • Protection from terrorism, riots, and strikes. This is optional.
  • Third party liability for property damage, bodily injury, and death.

The company also provides a few additional services:

  • A 24/7 call center with a toll-free number, 0800-00242.
  • A car tracker at the company's cost. This is optional.

Please note that losses outside Pakistan, wear and tear, and mechanical or electrical breakdown are not covered. Damage to tires and battery is only covered if the motor car is also damaged. The company will cover 50% of the cost of replacement.

You can make premium payments through cash, cheque, pay order, demand draft, or telex transfer. You can make these payments to the concerned Adamjee Insurance branch. If you need to report a claim, you call the 24/7 Call Center at 0800-00242.

The company will appoint a surveyor. After all the required formalities and documents, the company will process your claim quickly. When the claim is approved, the payment cheque is released.

EFU Insurance

Another top player in car insurance is EFU Insurance. This ISO 9001:2015 certified company offers comprehensive insurance for both private and commercial vehicles.

Another top player in car insurance is EFU Insurance. This ISO 9001:2015 certified company offers comprehensive insurance for both private and commercial vehicles. Here's a quick rundown of what they offer:

  • Comprehensive insurance providing financial protection against all kinds of losses, accidental damage to the vehicle, theft, and third-party liability claims.
  • Third-party motor vehicle insurance, protecting against financial losses due to accidental damage liability to third parties including property damage, bodily injury, or death.
  • Basic liability insurance that meets the minimum legal requirement, covering accidental bodily injury or death to a third party.

Extra benefits, include:

  • Family accidental benefit cover, providing accidental death or injury benefit for the insured, spouse, and the entire family.
  • Accidental death cover for salaried drivers, specifically designed for commercial clients owning a fleet of vehicles.
  • Protection of loan amount for financial institutions, offering protection of outstanding loan amount to the leasing company in case of death of the lessee.
  • Personal accident benefit cover for passengers, a popular cover for clients in the hospitality business or car rental service.

EFU Insurance charges 3.5% per year on all private cars without a tracker and 4.5% - 5% per year on all private cars with a tracker.

IGI Insurance

For a safe and secure drive, IGI Insurance offers a Comprehensive (Annual) plan. Here's a brief view of their offers:

  • Complete coverage for your vehicle.
  • Includes a wide range of products like Marine, travel, Fire, and Car Insurance.
  • Covers loss or damage to the car by accidents, fire, theft, natural calamities, riots, strikes, and terrorism.
  • Offers coverage for total loss of the vehicle.
  • Provides financial protection for death or bodily injury to a third party (excluding employees).
  • Covers damage to property of a third party (except the property held by you).

Jubilee General Insurance

With six decades of operational excellence, Jubilee General Insurance Company Limited has established itself as a reliable car insurance provider in Pakistan.

As a highly-rated insurance company, Jubilee General offers:

  • Comprehensive car insurance covering accidental damage, fire, theft, natural calamities, riots, strikes, and terrorism.
  • Legal liability coverage for third party death and/or bodily injury.
  • An optional personal accident cover, which can be purchased for a nominal fee.
  • Insurance products designed under the guidance of a Certified Shari’ah Advisor through its Window Takaful Operations setup.

TPL Insurance

Last on our list, TPL Insurance stands out with its innovative approach and modern solutions:

  • Comprehensive insurance services available 24/7 via mobile app and call center.
  • Issuing policies, lodging claims, and renewals all handled through the app.
  • DrivePro helps monitor driving behavior and offers rewards.
  • Quick claim processing in less than 60 seconds.
  • Wide range of insurance options including Auto, Fire, Marine, Health, Home, Travel, Bike, and Agriculture, with Takaful solutions.

The advantages of choosing TPL Insurance include ease-of-use, fast claim processing, and broad coverage. Their technological advancements, such as the mobile app and DrivePro, make managing policies convenient and rewarding.

Factors to Consider When Choosing a Car Insurance Provider

To help you choose the best car insurance for your needs, several factors should be taken into consideration.

You need to know the type of insurance they offer. Look at what the insurance coverage includes. Understand the insurance requirements. And don't forget other important things like customer service and price. All these can help you pick the best option.

Let's go through each of them in detail here:

Coverage Options

Premiums

  • Third-Party Liability Coverage: Third-party liability insurance package helps cover damages to other vehicles or property. Car rental companies often talk about 'liability limits'. It's essential to understand these.
  • Comprehensive Coverage: This level of coverage includes third-party liability and provides maximum coverage for damages to your own vehicle due to accidents, theft, or natural disasters.
  • Personal Accident Cover: This coverage is for injuries or death of the driver and passengers. It's a crucial part of any insurance package.
  • Roadside Assistance: Useful for breakdowns or emergencies. It's an added benefit that provides peace of mind during your travel.

Deductibles

The next thing you want to look at is the cost of insurance. How much you pay for insurance is called a premium. You'll want to compare premiums across different insurers to find the best rate. Some companies offer auto insurance promos and discounts.

You could get these for having a safe driving record or installing security devices in your car. Third-party car insurance is usually more affordable. But it's always smart to weigh the costs and benefits before deciding. Every penny saved counts!

Customer Service and Reviews Online

The last thing you want is an insurance agent that can't be contacted when you need them the most. So, the first thing to check is the customer service. If there's 24/7 support, that's a great sign. It means help is always one call away.

It's also good if you can easily find information. This could be on their website or over the phone. You should also look at what other people say about the insurance company. Look for reviews online and see if they have a good reputation.

If many people say they are reliable and have good service, it might be a good choice for you. But always remember, just because they're popular doesn't mean they're the right fit for you.

Claim Process

Another important thing to consider is the claim process. Here are some points to keep in mind:

1. Quality of Claims: A good insurance company will handle your claims with care. They
will be ready to help you in a tough time. It's not just about the money. It's also about
the support they give you.

2. Claim Form: Check how simple the claim form is. Is it easy to fill out? If it's too hard,
you might want to look at a different company.

3. Claim Recoveries: Look into how fast the company pays out claims. You don't want to
wait a long time to get the money you need. Quick claim recoveries are a sign of a
good company.

4. Simplicity and Speed of the Claim Process: The process to make a claim should be
easy and fast. The company should guide you through each step. They should help
you get through the process as quickly as possible.

5. Transparency and Assistance During Claims: You should always know what's going
on with your claim. The company should keep you updated. They should also be there
to help you if you have questions or problems. If a company offers all of this, they
might be a good choice for you!

As a traveler in a foreign country, it's important to ensure your car insurance meets Pakistan's legal requirements.

  • Make sure your insurance has at least the minimum coverage required by law. Comprehensive cover is good to have since it covers natural calamities and weather conditions where you'll be needing roadside assistance.
  • Also, look for extra benefits like car rental coverage, free towing, and no-claim bonuses. These added perks make your trip worry-free and help you save money.

Adjustability of Coverage

We understand how hard it is to find an insurance provider that will adjust to your needs. Consider the flexibility of each provider.

  • Can they adjust the level of coverage based on your requirements? This could be for physical damage or different types of damage.
  • Look for providers that let you tailor the types of policies. Some might allow you to add or remove certain parts of your coverage. A comprehensive policy is a good choice because you can include many things in it.
  • If you're planning to travel across borders, check if the policy offers international coverage. This can be very important for your peace of mind.
  • Also, check if the insurance provider has online services. This can make it easy to manage your policy, make claims, and get support when you need it.

Closing Thoughts

Car insurance is a crucial aspect to consider when planning your driving journey in Pakistan. However, aside from insurance providers, it's equally important to select the best car rental services for a smooth, worry-free experience.

Remember to always bring your international driving permit to avoid any possible legal issues, and consider looking into tips to acquire car insurance to ensure you're fully prepared. These crucial aspects can make driving in Pakistan a memorable experience rather than a stressful endeavor.

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