Tracker: will ONLY locate your car of it gets stolen and if the thief hasn't blocked the signals by using a signal jammer. Most thieves know where the trackers are installed and the wires etc.
Insurance: cover loss if car gets stolen.
Covers cost of denting and painting.
For every part that is replaced, you only pay a certain % on depreciation.
My car is insured by EFU and I've claimed over 60,000 in repairs till now. A few days ago I got dents fixed and parts repainted. Cost was 9000. Didn't pay a penny except for 20 rupees to photocopy papers. An insured car depreciates 10% every year (5% per 6 months) so I guess if your corolla is 2012 model, it has already depreciated 20%.
So if you get work done for 100,000 you will only pay 20,000. Now tell me, tracker or insurance:)?
Plus, all the parts used are Genuine and brand new:* no hunting for used parts in scrap yards:o
And nothing beats Ayat Ul Kursi. But destiny is in the hands if Allah Swt.
Remember the thread where this unfortunate fellows civic burst in flames? Wish it was insured:p
And, denting and paint etc is free in insurance. You only pay for parts!