Car Insurance In Pakistan

What is insurance?

It is a contract between you and the insurance company and there are terms and conditions that if you pay the premium then the insurance company will pay for the losses occured due to the accident,these losses may include the medical and property damage.

Why Car Insurance is important?

First thing is first that insurance of your car is mandatory.The biggest risk that the people driving the car are going to be subjecting it to is the risk of snatching at gun point, robbery, theft etc.The other thing is where ever you live wherever you drive you must not be reckless in your driving because if your car is not insured then you will end up holding a bill for your car and the police won't be happy too.So in order to avoid these risks make sure you car is insured.

Many people think that the insurance of their car will be very expensive due to the high cost of insurance today and it will be better not to insure the car but the thing is you will be paying much more than this amount if your car is not insured,you will be paying not only for your car but for the others car as well.Basically the high cost of insurance is is due to the increasing number of automobiles and the statistics show that most of the cars are affected by the accidents and the insurance company has to take care of all of the expenses.

The general information you need to provide to the insurance companies is the same no matter which part of the country you live.

Documents needed for insurance of your car

Typically this includes the following items:

• Driver's License Numbers for all drivers
• Social Security Numbers for all drivers (if applicable)
• Credit card/checking account information

Insurance companies in Pakistan

• Adamjee Insurance Company Limited
• Agro General Insurance Company Limited
• Alfalah Insurance Company Limited
• Alpha Insurance Company Limited
• Asia Insurance Company Limited
• Asian General Insurance Company Limited
• Askari General Insurance Company Limited
• Atlas Insurance Limited (Formerly Muslim Insurance Co. Ltd.)
• Crescent Star Insurance Company Limited
• E.F.U. General Insurance Company Limited
• Excel Insurance Company Limited
• Gulf Insurance Company Limited
• Habib Insurance Company Limited
• Indus Insurance Company Limited
• Internal General Insurance Company of Pakistan
• Ittefaq General Insurance Company Limited
• Jupiter Insurance Company Limited
• Muslim Insurance Company Limited
• National General Insurance Company Limited
• National Insurance Corporation
• New Jubliee Insurance Company Limited
• New Zealand Insurance Company Limited
• Orient Insurance Company Limited
• Pakistan General Insurance Company Limited
• Pakistan Guarantee Insurance Company Limited
• PICIC Insurance Limited
• New Hampshire Insurance Company Limited
• Premier Insurance Company Limited
• Pakistan Mutual Insurance Co., (Guarantee) Limited
• Prime Insurance Company Limited
• Progressive Insurance Company Limited
• Raja Insurance Company Limited
• Reliance insurance Company Limited
• Saudi Pak Insurance Co.
• Shaheen Insurance Company Limited
• Royal & Sun Alliance Assurance Pk
• Security General Insurance Company Limited
• Takaful Pakistan Limited
• The Seafield Insurance Company LTD
• UBL Insurers Limited
• United Insurance Company of Pakistan Limited
• Universal Insurance Company Limited
• Union Insurance Company of Pakistan Limited

The insurance rates may differ due to the advantages of medical coverage,bodily injury,property and rental coverage and the insurance of your car also depends on the type of car you have.