Motor Vehicle Insurance

What is Motor Vehicle Insurance and why must I have it?

Motor vehicle insurance protects a car owner against financial loss due to unpredictable events like auto accidents, fires and natural disasters. The insurance policy will also respond to pay to third parties for injury or damage to property caused by you in an accident. Minimum Third party insurances are mandatory by Law in Trinidad and Tobago for any vehicle being driven in a public place.

What types of Motor Insurances are available?

Comprehensive

The policy would protect the owner from financial loss for damage to their vehicle caused by accidents, fires, theft etc. at an additional cost.

It will also respond to pay to third parties for injury or damage to property caused by you in an accident.

Additional benefits without any additional premium:

Damage to garage by fire
Medical expenses incurred in respect of occupants in the vehicle following accident
Personal accident coverage to insured/spouse
Clothing and personal effects

Cover against losses caused by natural perils such as Flood, Hurricanes or Earthquakes, breakage of windscreens (at an additional cost).

Third Party - Fire and Theft

Third Party Fire and theft would protect the owner from financial loss for damage to the vehicle caused by Fire or Theft only.

It will also respond to pay to third parties for injury or damage to property caused by you in an accident.

Third Party Only

It will respond to pay to third parties for injury or damage to property caused by you in an accident.

What Motor Insurance Discounts can I get at COLFIRE?

COLFIRE prides itself in its innovation of designing niche motor insurance discounts and plans, which offer specific benefits in its premium calculations and reward in lower excesses and protection of the Safe Driver Discount (No Claim Discount).

First Experience Driver’s Plan

COLFIRE has devised a special plan for Young Drivers (under 25 years and/or driving for less than 2 years). Once the young driver has successfully completed the 800-4DC defensive driving program, they qualify for Reduced Excesses, Reduced Young Driver Loadings, Discounts off the insured's Insurance Coverage and Accumulation of their own Safe Driver Discount on the parent’s policy.

COLFIRE provides benefits both parents and the young driver:

PARENT: COLFIRE offers parents minimal additional cost while the young driver will be allowed to accumulate their No Claim Discount under the Parent’s Policy.
YOUNG DRIVER: COLFIRE offers young drivers insurance coverage at lower discounted rates. The young driver will also be able to transfer their No Claim Discount accumulated under the parent’s policy when they embark upon a policy of their own.

Where can I get a Motor Vehicle Insurance quotation?

You can call 800 - QUOTE (7868) or visit www.colfire.com for more information.