What commercial auto Insurance Cover should I buy? Why is a comprehensive policy more expensive than liability only?

Third-party vehicle insurance and comprehensive vehicle insurance are the two types of motor vehicle insurance policies that people in India can choose from.

Having 3rd party vehicle insurance is the minimum criteria to drive a vehicle in India. This type of policy only covers damages incurred by the third-party in case of an accident. To get a broader range of coverage, you can opt for comprehensive vehicle insurance. It covers ‘third party liability’ as well as own-damage.  However, this type of policy is slightly expensive than the liability-only policy.