Many people in Pakistan are crazy about buying or renting luxury cars but they pay little or no attention to automobile insurance. Similarly many people who rent a car but they fail to see if the car is insured or not. This is simply because not many people know about the benefits of automobile insurance. They are not aware how the car insurance works and therefore, they don’t pay much attention to it.
It may be surprising for you to know but it is important for all vehicle owners to obtain third party insurance. This means that if (GOD forbid) you get involved in an accident and other party is held responsible for it by the police report then your insurance company will take care of your vehicle repair. Therefore, while renting a car in Pakistan, make sure that the vehicle is insured so in case of an accident you would not have to worry much.
If you are buying a vehicle or thinking about car rental, keep in mind that the insurance is based upon the make and model of the car. In Pakistan, the car insurance is much more affordable than it is in other countries. This is because in other countries, a number of other factors are considered as well when you sign up for car insurance.
Apart from these things, when you sign a contract with insurance company, also keep in mind that depreciation is also charged on insurance. As your car gets old, the insurance charges also start to differ. Therefore, when the insurance becomes a nuisance for your car, it is recommended that you change your car and upgrade to a new one. Insurance companies also install trackers in your car so nobody can steal it. This especially comes in handy when you are driving a rental car. Hence, no matter whether you are driving your own car or a rental, make sure that the vehicle is insured. It would promise you safety and security of the vehicle.