[aaggoswami]

I would like to share a few thoughts.
We have November 1992 Maruti 800. Insurance was never a pain till we were paying loan for this car. We are running third party insurance and not comprehensive insurance.
I recommend third party insurance because it will cost less as IMO, insurance cover in case of when we need it in case of major incidence will be very less. And for a ten year old vehicle, there is no point in paying so much.

Yes some years ago ( mostly when the car completed 14 years in 2006 ) when the car was tranferrd to my father's name, we had issue like if you do this then we cannot give this facality, etc, but we are still on third party for this car. If a car is less than 15 years, then this must not be an issue, but I have seen from our case itself that companies are not interested in even comprehensive policy. If this is the case then it is recommended that one opts for comprehensive policy to atleast have a " insurance ".