Car Insurance

Car Insurance

A car is often the first material achievement of adulthood. While we all spend endless hours weighing various aspects of cars, comparing models and prices and efficiencies, we ignore an important aspect of our car’s safety—Its insurance.

Since the Indian Government has made it compulsory to get all cars insured, we simply buy whatever cheap car insurance is available in the market. With this path, it is easy to fall into the same trap year after year. We think insurance is just a piece of paper, and all policy options are the same.

While one should definitely look for the lowest car insurance premium, there are various aspects that should be considered while buying a policy.

  • -> Firstly, the policy features should be selected based on the car. One’s first love may have been their father’s old Maruti, but getting the same policy features for a new high-end car, even though the sum insured will be higher, would be inadequate.
  • -> The most basic form of car insurance in India is the third party policy. If the insured’s car damages another car, this policy will cover the expenses incurred for the third party’s car. It only covers losses under this category, and no other kinds of damages are covered under this kind of insurance.
  • -> A comprehensive policy, unlike a third party policy, will cover the various uncertainties of the world. Every major city in the country has had torrential rains and floods in recent years. We have all seen footage of cars floating like toys in the water. Storms have uprooted trees that unfortunately fell on vehicles in the vicinity. A policy that covers damage in any of these (or other unfortunate) events, aside from loss due to collisions, is a necessity today.
  • -> The features of the policy should respect the worth of the car, its age, and the cost of its repairs. If a car is beginning to get old and is likely to need more maintenance, or if it has pricey spares, a policy that provides engine cover and covers the cost of consumables is a good idea.
  • -> For a recently bought car, a policy with the zero depreciation (zero-dep) feature is typically useful. It will ensure that the cost of any damaged parts will be completely reimbursed by the insurer, without deducting anything from the payable amount (on account of aging). For instance, if a damaged part costs Rs.10,000 to replace with a zero-dep policy, the insurer will reimburse the entire 10,000. But, with a normal policy, the reimbursement is lower, depending on the age of the car.
    Zero-dep comes at a cost, but the cost is usually recovered if any of the key parts in the car need replacement during the coverage period. Given this cost-benefit balance, most insurance companies do not offer the zero-dep feature to older cars, which is a reason why new car owners should avail the facility in the window it is available.
  • -> No Claim Bonus (NCB) is given to the insurance holder for every year without any claims and can be used to get a discount on the insurance premium. Even while changing the insurer or getting a new car, an NCB can be transferred, and a discount can be claimed on the new policy or car.
  • -> Insurance companies are simplifying the claim process by creating a network of empaneled cashless garages (CG), which enable getting repairs done without paying cash upfront and without going through a reimbursement process.

While it may not be as exciting as buying a car, buying car insurance is an equally important decision, and today’s consumers should wisely choose a policy that is most suited to their individual needs.

Comprehensive Car Insurance

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Comprehensive Car Insurance

Comprehensive car insurance is broad protection against all damages that may incur to your vehicle during mishaps. 

Comprehensive insurance is complete protection, which takes care of the indemnities to the car, Third-party legal liability, theft of the vehicle and personal accident coverage.

One needs to consider the important factors while buying Car Insurance. There are 2 main car insurance policies firstly Third -car insurance policy and secondly Comprehensive car insurance policy. 

One must understand clearly, the difference between a Third Party and Comprehensive car insurance policy before buying. Well, this article will help you to differentiate between both the policies. 

What is Comprehensive Car Insurance

Under this policy you have an option of additional covers such as accessories coverage, engine protection, zero deprecation cover, medicals however this all these additional coverages will lead the premium amount to soar up.

You should opt for comprehensive car insurance as it is an overall coverage that leaves the insured stress free. 

Comprehensive car insurance provides you coverage against the following: destruction, robbery, fire, flood, natural disaster, Third-party liability, etc. 

Without comprehensive insurance, all claims filed apart from the accident are not reckoned. 

The fundamentals which are not a part of the comprehensive car insurance are normal wear and tear, depreciation value, mechanical failure, electrical failure, damages that may be incurred by a driver without a valid driver’s license, or driving under the influence of alcohol, etc.

Comprehensive Car Insurance Policy is complete protection against and from all indemnities that may sustain your vehicle during mishaps.

Comprehensive Car Insurance Policy is known as a bundle of the shield, which upkeeps of the indemnities to the car, third-party legal liability, theft of the vehicle and personal accident coverage.

There are various fundamentals of a Third Party and Comprehensive Car insurance policy, which you need to analyze the core benefit or coverage, compare it for pricing and be smart to make the right decision. 

Third-Party Car Insurance Policy

 

Comprehensive Car Insurance Policy 

It is mandatory to have a Third-Party Car Insurance Policy as per the Motor Act of 1988

 

Comprehensive car insurance policy is optional 

The cost of Premium is lower even thou the IDV is set to the current market value

 

The cost of the premium is higher based on the current market value of the vehicle

If your car value is low, it is advisable to opt for a Third-Party Car Insurance Policy

 

Based on the car value to be more expensive it is advisable to opt for a Comprehensive policy. 

The protection is limited to legal liabilities and damages to third party which may lead to death or injuries to oneself, damage to third party or property

It has a wide scope of coverage which also includes legal liability along with coverages to the third party and own property damage

Third-Party Insurance is a sigh of relief to the car driver.

 

You can opt for additional covers such as accessories coverage, engine protection, zero deprecation cover, medicals nevertheless all add-ons will soar up the cost of the premium

You should be an owner of a car or four-wheeler be smart enough to opt for comprehensive car insurance as it provides total coverage that leaves the insured stress free. 

Why Comprehensive Car Insurance

Insurance Regulatory and Development Authority of India (IRDAI), execute motor Insurance as the foremost requirement to own any type of vehicle on the road in the country. 

 

Such Insurance protects and guards the vehicle against any sort of damages that may incur in due course of owing the vehicle. 

 

The key role of motor insurance is to safeguard the ownership rights of the vehicle against expenses, damage due to accident, fire, explosion, riots, unforeseen calamities, own damage or theft of the insured vehicle. 

 

As a law within the country, each vehicle owner needs to own a motor or vehicle insurance even before the vehicle has been taken off the shelf.

 

There are numerous aspects to be careful while buying a Car Insurance. There are 2 main car insurance policies. Firstly, Third Party car insurance policy and secondly Comprehensive car insurance policy. 

 

There is a difference between a Third Party and Comprehensive car insurance policy, one must be educated before buying. 

Benefits of Comprehensive Car Insurance

• It has a third-party liability cover
• Covers or Personal Accidents
• Covers damages to your car
• Covers against car theft and fire
• Comprehensive policy covers natural calamities
• It offers you the benefits of add-ons.

 

One seeking the peace of mind needs to opt for a Comprehensive rather than just a Third-Party insurance policy. Better the coverage, you will be at peace. 

How to Claim Car Insurance

A claim is a feature for a car policyholder. When a car owner comes across an accident the owner of the car can set a claim for the cost of repairs for the vehicle. 

 

As you are the soulful owner of the car insurance policy it is your right to claim any sort of damages that may incur your vehicle due to mishaps or accidents. 

 

 

Claims can be cashless or reimbursements. In a cashless claim, the insured does not need to pay for the repairs of the vehicle. The policy provider takes responsibility on behalf of the car owner wherein the damages should be covered under your policy.

 

In the reimbursement claim, one pays upfront the cost of the repair and depending on the terms set by the insurance company you set a claim by submitting the bills for repairs. 

When filing a cashless claim, one needs to register the claim to the insurance provider which can be done over a call to the customer number. Upon registration, you get a token or registration number. You can take your vehicle to the nearest authorized network garage. Submit your documents and the surveyor will get the rest sorted with the insurance company. 

Similarly, the reimbursement claim process you can take your vehicle to any garage, get your bills and submit it to the insurance company who will initiate the reimbursement amount depending on the coverage. 

Car Insurance Zero Depreciation

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Car Insurance Zero Depreciation

Also known as Nil Depreciation or bumper to a bumper car insurance policy is another add on benefit to the car insurance policy. 

Under the zero-depreciation policy, you need not worry about the expenses of repairs as it is the liability of the insurance company to bear the cost.

What is Comprehensive Car Insurance

There are many important factors to be considered while buying a Car Insurance. Comprehensive car insurance is complete protection against and from all damages that may incur to your vehicle during mishaps. 

Comprehensive is a bundle of protection, which takes care of the damages to the car, Third-party legal liability, theft of the vehicle and personal accident coverage.

Under this policy you can opt for additional covers such as accessories coverage, engine protection, zero deprecation cover, medicals however this additional will lead the premium amount to soar. Most of them and you should also opt for comprehensive car insurance as it is a total coverage that leaves the insured stress free.

The benefits of Comprehensive car insurance is that it provides you coverage against are as follows: destruction, robbery, fire, flood, natural disaster, Third-party liability, etc. Without comprehensive insurance, all claims filed apart from the accident are not counted. 

The basics that are not part of the comprehensive car insurance are normal wear and tear, depreciation value, mechanical failure, electrical failure, damages that may be incurred by a driver without a valid driver’s license, or driving under the influence of alcohol, etc. 

What is Zero Depreciation Car Insurance

Zero depreciation is an additional benefit to a car owner. Nevertheless, Zero depreciation will cost you an extra amount to your premium but it is worthwhile if you are buying a new car or a luxury car.

Zero depreciation car insurance comes as an add-on with comprehensive car insurance. 

In the process of a claim under Zero Depreciation, you can claim the entire cost of damage or loss from your insurance provider. 

Importance of Zero Depreciations

There are some aspects of zero depreciation.

• Zero depreciation is only available over a comprehensive insurance policy. Under the third-party insurance policy, you cannot opt for zero depreciation.

• If you are an owner of an old car you are not eligible for Zero depreciation. Only new car owners get the privilege.

• Considering the coverage, you might not be covered under the normal wear and tear.

• There is a limitation set to claim under a zero depreciation. Owning a coverage of zero depreciation does not entitle you to keep filing claims in a single year.

  All insurance companies have a different set of claims under this coverage. The depreciation rate in a car also varies from company to company. A car is an assembly of plastic, rubber, nylon, fibers. Etc. some part age faster compared to others and hence the wear and tear are normally not counted. The Insurance Regulatory and Development Authority (IRDA) provides guidelines for depreciation.  

Depreciable Car Parts

Deducted Depreciation

Metal Parts

5%

Rubber, Nylon, Plastic Parts

50%

Fiber glass

30%

Wooden  Parts

5% in first year and 10% year in second year

There is a difference between the Comprehensive and Zero Depreciation Car Insurance:

A comprehensive mainly covers own damages however an add on cover like zero depreciation will give ultimate protection.

Due to the depreciable part, you may not get a complete claim in zero depreciation. Hence the depreciated value is paid by the vehicle owner.

The below table will provide a basic idea of the comprehensive policy and Zero depreciation

Key Points

Comprehensive Policy

Zero Depreciation

Claim Settlement

Based on IDV and Depreciation not covered

Covers Depreciation

Depreciable Car Parts Cost

Not fully covered

Fully covered

Vehicle Age Suitability

Up to 15 years of age*

Up to 5 years of age

Premium

Lesser than the Zero Dep

15-20% higher

The Benefit of Zero Dep Car Insurance

• You as assured with 100% repair cost of the vehicle.

• You tend to pay a higher premium amount no doubt but the recovery comes in during the time of filing a claim.

• It will take care of the payment of the depreciated part of the vehicle.

• Your expense reduces to almost zero.

The Factor That Affects Zero Depreciation.

• You cannot have zero depreciation if your car is older than 5 years.

• You cannot have zero depreciation is your car has traveled over set kilometers.

• You cannot claim more than the set claims in the year by the insurance provider.

• General wear and tear of clutch plates, bearing, etc. are not covered.

• Oils for the engine are not covered.

• The claim has to be filed within the time stipulated.

Third-party car insurance: Compare to Buy and Renew Third party car insurance online

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Car Insurance Third Party

Third-Party car insurance has been mandatorily imposed for all car owners as per the Motor Vehicles Act of 1988. We can be assured that owning third-party car insurance we are legally covered from liabilities that may arise from the third party. 

In any given circumstances you happen to meet with an accident or you are at fault while driving the car, the Third-Party Insurance will protect you against all or any legalities to the third person or property. Thus, making you safe of all hassles. 

The third-party insurance covers damages caused to others when you are considered at fault, in turn, the vehicle sets on fire or the vehicle have been stolen. 

We can always look forward to an alternative policy which is Comprehensive Car Insurance. This policy provides the car owner with the highest protection for your motor vehicles wherein the case of Third-Party car insurance, the protection is limited and does not cover damages to your car.

Third-Party does not carry much value as it is just a basic coverage in the case of damage made to the third party. 

Why Third-Party Car Insurance

Let’s understand what Third Party Insurance is all about. When we say Third Party, it’s the third person involved in the accident. Under this policy, one can claim or file compensation for damage in property, death or any sort of injury caused by the car. For any such claims, the case will be filed against the car owner and insurer. 

As explained earlier, Third Party Insurance covers oneself against any legalities caused to the third party due to the car. As a mandatory measure, any car that’s out of the showroom or is driven on the road needs a Third-Party Insurance. Thus, protecting the vehicle owner from legal hassles. 

No doubt one might own a Third-Party Car Insurance as required by the law, besides, one must also carry insurance for self-protection as accidents do not cover in this policy.

The third-party that may be involved in the accident are compensated by the insurance company. However, such compensations are restricted to bodily injuries or death only. The compensation amount is not specifically set; hence the limit may vary from case to case. 

As we have understood above that Third-party car insurance only covers damages to the third party and is not enough to cover all the damages that may incur during an accident, one should think to go for comprehensive car insurance, as this will help to cover the cost of damages caused to the insurance or car owner.

One will ask how to I know how the premium is calculated on car Insurance. Insured Declared Value also is known as IDV is carefully calculated on the current value of the car in the market less than the depreciation cost. Thus this does not include the cost of vehicle registration. The IDV is calculated separately to any additional accessories which are not factory fitted. 

The value of car insurance will differ when we speak about owning a new car or an old car. The cost of the premium will be high in an old car if you insist on IDV to be high. The same way the make of the car, manufacturing year and model will play a vital role in the calculation of IDV. 

Hence any customer who is passionate about driving and is looking to own a car needs to know that it is mandatory to own Insurance policy and one should think beyond Third-party to safeguard. 

Let’s make the driving safe to oneself as well as others.

Benefits of Third Party Car Insurance

When we speak about Third Party Car Insurance you must know that it provides coverage against legal liabilities that might arise from third party damage to person or property. 

The benefit of having third-party car insurance is that it covers the vehicle owner from legal liabilities that may arise due to any accidents or mishaps, which may lead to death or injuries to oneself, damage to third party or property. As per the mandatory law, the Third Party Insurance gives a level of relief to the car driver.

Any damages that may be caused due to your car mishaps or any of the belonging that is a part of the vehicle will not be covered in the policy. In simpler words, Third-party car insurance does not provide coverage to your car or your belongings. 

The key role of motor insurance is to safeguard the ownership rights of the vehicle against expenses, damage due to accident, fire, explosion, riots, unforeseen calamities, own damage or theft of the insured vehicle. 

When we say Third Party Car Insurance, it provides basic coverage against legal liabilities that might arise from third party damage to person or property.

How to Claim Third-party Car Insurance

If we come across an accident, we foresee huge bills and at this time the car Insurance policy comes handy. However, the person who benefits from Third-party insurance is the third party only. 

The process of claiming third party insurance can be lengthy. One can file claims for hospitalization expenses in the event of accidental injuries and permanent or partial disability.

You will be required to file a copy of FIR or the report from inspections officers, with original bills and report from the surveyor estimating the cost of repair. 

Only once you are confirmed that you are not guilty of the accident you can claim for Insurance. So, the court has to announce the decision in your favor. 

Such third-party claims move on a snail pace hence to avoid all the hassle and await many opt to carry on the repair and bear the cost. 

Car Insurance Companies

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Car Insurance Companies

We live in a diverse country with multiple choices of people and culture and the same goes for cars. We could say that we are overabundant with insurance companies. Every insurance company has a complete and different gamut to offer in their policy. 

As per the Motor Vehicles Act of 1988, one owning a car needs to insure the vehicle. This is a mandatory law enforced by the government of India. It is mandatory to have at least a third-party insurance covered for your vehicle if not higher. 

With the choices of cars available and the sales pitches provided by the sales agents, people normally get confused and this can lead to a serious problem. 

One needs to know what is the need of the car Insurance policy and how it will benefit. 

Car Insurance Plans

There are many important factors to be considered while buying a Car Insurance. Many times, we have heard or maybe not, but there are 2 main car insurance policies. Firstly, Third Party car insurance policy and secondly Comprehensive car insurance policy. 

One must understand clearly, the difference between a Third Party and Comprehensive car insurance policy before buying. 

Car Insurance Inclusions and Exclusions

It is quite obvious in India people sign documents without reading them and in an event, one thinks about what to do next. In this occurrence of rushing and just signing without reading the document, one misses out on a lot of important benefits that are listed. We could discuss some of the aspects that are covered in the Car Insurance policy.

• Outside accident cover: Car Insurance includes accidents caused out of control.

• Waiver in Towing a car: Rather than been stranded in the odd hours of the day or remote areas which causes inconvenience to opt for towing waiver.

• Renewal free on documents: Renewal of policy document becomes very lengthy or hectic. Online renewals are instant and our done in minutes.

• Third-Party premium Discount: In the case of a mishap, your insurance policy will help you to pay the losses or damages to the third party.

• Insurance on Car Accessories: Opt for add on coverage for all the accessories installed in the car.

• Spot Assist: One can rely on the important facilities or towing your car, arranging for a cab, refueling, etc.

• Nil Depreciation or Zero Depreciation: The owner of the car needs to pay for the car parts which are at the depreciated value. In the event of owning a Zero Depreciation policy, one needs not worry to pay anything as it covers the car parts at the value of the market.

• Cover for Engine: In the event of the car engine malfunctions due to various reasons, the vehicle owner gets insured and the insurer bears the cost.

• Saving on Taxes: Only a business owner this benefit.

 

Exclusion factors

• Losses due to wear and tear: Normal wear and tear of any part of the car are not considered and are excluded from the coverage.

• Damages to Tires or Electronics: Under the constant use of tires, they are sure to wear out, or any damages caused by rodents to the electrical will not be covered.

• Intentional Damage: In the event one damages one’s vehicle intentionally it will not be covered under insurance.

• Influence of Alcohol: If the driver is guilty to be found driving under the influence of alcohol or any other toxic substance.

• Damages in Spots activity: Any damages caused by using the car for any sports activity like racing will not be considered under the coverage.

Add on Covers

Owning a car has made our life so much cooler and easier to commute in groups or as a family. 

 

All the car manufacturing units are working toward making the car as comfortable as possible and easy to use tools integrated into the car. Over and above the car insurance policy there are various add-ons coverages available.

 

There are various add-on coves available along with your car insurance policy.

 

Some of the add-on covers in your car are:

 

• Engine Protection Cover
central unit of a car is the Engine. As it is the main instrument as in like the heart of a human, we need to ensure that the engine is secured from all possible calamities. Secure your engine with an Engine protection cover.

• Zero Depreciation
Depreciation or Nil Depreciation or bumper to a bumper car insurance policy is another add on benefit to the car insurance policy. This covers leaves you free from any expenses that might incur the cost of repairing your car.

• Consumable Cover.
An add-on covers for consumables like bolts, engine oil, grease, pipes, etc.

• Accessories cover.
Accessories in our cars are worth safety as they are valuable by nature. Hence you can opt for an accessory cover for your car add-on.

• Personal Accident cover
oneself is a must in car insurance, hence protect yourself and your loved ones with a Personal Accident cover.

• Roadside Assistance
Roadside Assistance cover will help you deal with any mishap including towing the vehicle, on spot repairs, emergency fuel, flat tire service, vehicle key service, etc.

• Invoice Protection
Invoice protection pays up to the Insured declared value.

Benefits of Car Insurance

The Third-party Car Insurance Policy provides coverage to the vehicle owner from legal liabilities arising due to any accidents or mishaps, which may lead to death or injuries to oneself, damage to third party or property. It is a mandatory coverage required for your car. 

 

The Comprehensive Car Insurance Policy provides coverage not only against Third Party Legal liabilities but also to devastation, theft, fire, flood, natural disaster, etc. 

 

The essentials that are not part of the comprehensive car insurance are normal wear and tear, depreciation value, mechanical failure, electrical failure, damages that may be incurred by a driver without a valid driver’s license, or driving under the influence of alcohol, etc. 

 

With Comprehensive Car Insurance Policy, you can opt for additional covers such as accessories coverage, engine protection, zero deprecation cover, medicals nevertheless all add-ons will soar up the cost of the premium. 

List of Car Insurance Companies in India

As we speak of an overabundance of the car so is the same with Insurance companies.

 

Some of the Insurance companies are 

1. Acko General Insurance
2. Bajaj Allianz General Insurance
3. Bharti AXA General Insurance
4. Cholamandalam MS General Insurance
5. DHFL General Insurance
6. Edelweiss General Insurance
7. HDFC ERGO General Insurance Company
8. ICICI Lombard
9. IFFCO TOKIO General Insurance
10. Kotak Mahindra General Insurance
11. National Insurance Company
12. New India Assurance
13. SBI General Insurance

Top 10 Car Insurance Companies in India

Choosing the right car insurance policy is a must with the number of choices available. As we know that the minimum coverage required is that of a third party. It would be good to familiarize yourself with most of the insurance companies and derive which car insurance will be highly beneficial for me.

 

Below are listed some of the top insurance companies.

1. ICICI Lombard GIC Ltd.
2. Bajaj Allianz GIC Ltd.
3. Bharti AXA General Insurance
4. The New India Assurance Co. Ltd.
5. The Oriental Insurance Co. Ltd.
6. HDGF ERGO General Insurance Co. Ltd
7. United India Insurance Co. Ltd.
8. National Insurance Company
9. Future Generali India Insurance
10. Tata AIG General Insurance Company Limited

 

This list will make it easy and Hassel free to choose the right car insurance policy. Avail the best policy from the top car insurance companies. 

Car Insurance Premium Calculator

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Car Insurance Premium Calculator

Owning a car is just not enough, you need to keep aside a small premium towards insuring your car. To know what is your car premium you can make use of the premium calculators. Most of the Insurance companies have made available Premium calculators on their websites which are preformulated. 

Owning a car has been very easy in recent times as there are many options given by banks. Owning a car is just not a status anymore, but a necessity.

While you buy a car, it is a must that you obtain an Insurance policy as this will guard you against any unexpected accidents. Owing an insurance policy for your vehicle is mandatory as per the Indian law. 

Car Insurance premium calculator is a tool provided by the car insurance companies to estimate your car premium. To make life easy most of the car Insurance providers have this tool embedded on their portal which helps the customer to derive and the amount which is payable. 

Using the online tool, you can get the quote immediately and get information on the payments for the same. It makes life hassles free and you can do it by just sitting at home. 

Coverage of Car Insurance

Every insurance policy varies in the coverages they provide. Some of the elementary coverages that your Insurance Policy may cover are

1. Injury while driving: Any sort of claim that leads to bodily injury can be claimed and covered under Third-Party Insurance.

2. Damages to Property: Any sort of damages caused by the driver to the property of the third party, are covered under the mandatory Insurance coverage.

3. Hospitalization coverage: The payments are done to the owner of the policy and the passengers included in the car during the accident.

4. Underinsured coverage: In this coverage, one gets protections from careless driving or a driver who does not have insurance coverage.

What is Car Insurance

The Motor Vehicle Act of 1988, states the mandatory ownership of insurance policy. Every owner who has purchased a car or who owns a car needs to be covered by an insurance policy. 

An car insurance policy keeps the owner of the vehicle, legally free from paying any sort of indemnities to the third party tangled in the accident and who has raised a claim. Right Insurance policy will safeguard you, irrespective of the third-party resulting in any sort of bodily injury, damages to once the property of accidental death. 

This gives one the relief to own a vehicle in India and drive cautiously.

Factors Affects in Car Insurance

Buying insurance online is cheaper than through an agent. This exterminates the time required in discussion and becomes light on your pocket.

To make it more comfortable for one to understand, most insurance companies begin their tie-up with the car manufacturers for instant quotes on the vehicle. In away car owners can purchase the type of insurance he is looking for.

As we know that the insurance is a mandatory factor in India one can opt for a Comprehensive Insurance policy to cover up losses to one’s vehicle. The Third Party only covers the third person leaving behind the policy owner from legal hassles.

To make it more suitable the car Premium is carefully calculated based on the market value of the vehicle. One need not worry as the Premium is calculated based on the type of vehicle, location, model and make. 

Premium Calculation

Cars have turn out to be a requirement with their multiple conveniences. Some use it for their routine and some use for business.

The Insurance Companies aspect into the model of your vehicle or car you look to purchase, at the same time terrestrial position, RTO, IDV you plan to declare and the way you drive is also counted.

Another major factor that can affect your Premium is that of claims raised by the other insurance companies.

Buying Insurance is just not enough but what should be the best coverage is always the issue. Taking a wise call and getting the finest probable coverage is a must. Always look around for the best option as there are numerous policies with different pricing and benefits.

There is various factor that determines the cost of the premium in car insurance.

• Car Type:

The most important factor that determines the value of the premium is the Make, model, showroom price and manufacturing year of the car. Lesser value cars will have a lower premium wherein higher value cars will have a higher premium.

• Riders Age and other factors

Most of the Insurance companies comply to observe the age bracket of the owner. The question that they normally raise is if the rider is experienced. On the general term, the younger generation is quoted with a higher premium than the mid-age.

• Coverage limit

In the event one opts to Reduce the IDV then there are chances of premium going lower than the expected rate. It is advisable to have the IDV set as per the current market value

• Registration City

Yes, the city of registration also plays a key role in the premium of an insurance policy. The metro cities will normally charge you and additional premium. One needs to understand and have clarity before opting to register their vehicle.

• Personal Factor

Not to be partial the women are considered a safe driver hence they pay a lesser premium.

• Engine Capacity or Vehicle type

The higher the cubic capacity of the car, will be higher the premium. The manufacturing year, make and model of the car, place of registration, Additional accessories, modification carried out in the bike, showroom price, etc. play an important role in the calculation of the Premium.

• Coverage Type

Choosing the right type of policy may be only a Third-Party Insurance policy or a Comprehensive car Policy that will factor the cost of the premium.

• Security System

In the event, if your vehicle is installed with a security system than your premium is likely to go higher.

• Customization

One who opts to customize their car insurance may end up paying a higher or lower premium. 

When opting for a car insurance policy one should look at the benefits which are important for a driver rather than opting for the cheaper plans.

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Old quotation number is required. Invalid quotation number.Sample: PIBLMTRPC000000000000000

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Renault Car Insurance

Why to Insure Your Renault Car

Renault Car are great on Indian roads, which is why there are so many of them. But with a Four-wheeler insurance, you can:

·   Be sure that you’re rightfully compensated if your Renault Car was stolen or damaged beyond repairs.

·    Get coverage for a third-party if your Car caused an accident and the third-party was injured or their property damaged.

·    Get comprehensive coverage for your own four-wheeler, in case damages were caused to your vehicle. 

·    Be sure that no traffic policeman heavily fines you for not having an insurance policy for your bike. Strictly, say no to bribery!

Inclusions
Of Car Model

You are covered against the following:

·    Loss or damage to the vehicle due to an accident

·    Loss or Damage caused to third-party life or property

·     Theft of insured vehicle

·     Damages caused due to natural calamities

·     Damages caused due to man-made calamities

Exclusions
Of Car Model

You are NOT covered against the following:

·         Regular wear and tear

·         Depreciation

·         Mechanical & Electrical breakdown

·         Driving with an Invalid or no license

·         Driving under the influence of intoxicants

Add-on Covers For Your Renault Car

Zero Depreciation Cover

Return to Invoice Cover

0

Trim your Comprehensive Car Insurance Premium with these Discounts

• No Claim Bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year. You get 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. 

• Installation of Security Devices

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).

• Membership of AAI

A membership to any of the recognized Automobile Associations of India can fetch you an extra discount.

• Choose the Right IDV

If you are in the noble profession of teaching or employed in Govt. Services, you are entitled for an additional discount on your own-damage car insurance premium.

How to File a Claim for Your Renault Car

The policy document is a ready reckoner that you can refer for the complete list of documents to be submitted if you have a Car Insurance claim. The documents which you would generally require are:

Cashless Garages for Your Car Model

Calculate Renault Car Insurance Premium

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About Renault

Renault S.A. is a France based automobile manufacturer which focuses on making vans and cars. Louis Renault (French Industrialists), Fernand Renault and Marcel Renault, the three brothers established this company in the year 1899 and is headquartered at Boulogne-Billancourt. In 2011, the Renault came 3rd and 9th in the list of the largest auto manufacturer in Europe and around the globe by production respectively.

The company has performed outstandingly in motorsports and in Formula 1, it has an ostentatious career. The company has been awarded international and national level trophies where winning the “European Car of the Year” award for 6 times will always be a highlight of Renault’s history. The company has attracted lots of public eyes and till 2014, Renault Megane and Renault Clio were in the top 10 vehicles on the roads of British.

INDIAN MARKET

Renault is a dark house in the automobile market in India. With its models in the competent segment, it has done well in the sales chart. The company has its root in 110 cities with 151 as its count of the dealers.
Renault has a limited number of models yet its every model in the different segment is making the competition tough for other companies by affecting their sales number. In the hatchback models, Renault has Renault Pulse, in the sedan class, it offers Renault Fluence and Renault Scala and then the SUV models Renault Duster with Renault Koleos have catalyzed the sales of Renault.

Car Models by Renault

• Renault Koleos

The Car has got 3 variety which is similar to this model with variation in the type of engine (1), type of transmission (2) and type of fuel (1).

• Renault Duster

The Car has got 11 variety which is similar to this model with variation in the type of engine (2), type of transmission (1) and type of fuel (2).

• Renault Scala

The Car has got 7 variety which is similar to this model with variation in the type of engine (2), type of transmission (2) and type of fuel (2).

• Renault Pulse

The Car has got 3 variety which is similar to this model with variation in the type of engine (2), type of transmission (1) and type of fuel (2).

Insurance Policy

• When a car is insured, it can be legally run on the roads of India.
• No stress as damages are covered under insurance of the car
• Medical expenses are also covered in some policies.
• Overall the insurance of a car reduces the financial losses.

Before Your Next Drive On Renault Car

FAQs

Most frequent questions and answers about on suzuki bike insurance

1. Does NCB (Non-Claim Bonus) apply on Renault’s second-hand Cars?

Yes, it will be applied as NCB is applied on the driver-owner of the car. NCB doesn’t apply to cars.

2. Is inspection of a vehicle mandatory after the insurance policy of Renault car has expired?

Yes, you will have to go for a vehicle inspection to renew.

3. Will I get policy reminders for renewals?

Yes, you will get alerts for the renewal of the policy.

4. Does engine capacity decide premium of the car?

Yes, it does depend on the capacity of the engine of your car. The cost of the insurance is directly related to its capacity, if the car is of higher capacity, the charge will be high and vice-versa.

5. What’s the difference between comprehensive and third-party car insurance?

The comprehensive car policy covers theft, vandalism and fire of your car. Also, it covers the damages due to cyclone, earthquakes, flood and riots kind of natural disasters. Along with it, it covers the legal liability due to property or bodily harm occurred by the car to any third person or party.

Whereas, in third party-policy, only the third party is covered for any damages because of the car.

Volkswagen Insurance: Volkswagen Car Insurance Online Renewal Process India

Don't pay hefty penalty. Renew car insurance in just 5 mins.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRPC000000000000000

Forgot your car number? Click here

Want to insure your new car? Click here

Probus Renewal? Click here

Already Have Quotation? Click here

Why to Insure Your Volkswagen Car?

Volkswagen Car are great on Indian roads, which is why there are so many of them. But with a Four-wheeler insurance, you can:

·   Be sure that you’re rightfully compensated if your Volkswagen Car was stolen or damaged beyond repairs.

·    Get coverage for a third-party if your Car caused an accident and the third-party was injured or their property damaged.

·    Get comprehensive coverage for your own four-wheeler, in case damages were caused to your vehicle. 

·    Be sure that no traffic policeman heavily fines you for not having an insurance policy for your car. Strictly, say no to bribery!

Inclusions
Of Car Model

You are covered against the following:

·    Loss or damage to the vehicle due to an accident

·    Loss or Damage caused to third-party life or property

·     Theft of insured vehicle

·     Damages caused due to natural calamities

·     Damages caused due to man-made calamities

Exclusions
Of Car Model

You are NOT covered against the following:

·         Regular wear and tear

·         Depreciation

·         Mechanical & Electrical breakdown

·         Driving with an Invalid or no license

·         Driving under the influence of intoxicants

Add-on Covers For Your Volkswagen Car

Zero Depreciation Cover

Return to Invoice Cover

0

Trim your Comprehensive Car Insurance Premium with these Discounts

• No Claim Bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year. You get 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. 

• Installation of Security Devices

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).

• Membership of AAI

A membership to any of the recognized Automobile Associations of India can fetch you an extra discount.

• Choose the Right IDV

If you are in the noble profession of teaching or employed in Govt. Services, you are entitled for an additional discount on your own-damage car insurance premium.

How to File a Claim for Your Volkswagen Car

The policy document is a ready reckoner that you can refer for the complete list of documents to be submitted if you have a Car Insurance claim. The documents which you would generally require are:

Cashless Garages for Your Car Model

About Volkswagen

Volkswagen India Private Limited is a subsidiary unit of the Volkswagen Group India. It was established in the year 2007. In Chakan, a place in Maharashtra, Volkswagen has made a plant which has the capability of producing 200,000 vehicles per year. Along with Volkswagen, a product of Skoda Auto India Private Limited Skoda Rapid is also manufactured here.

The market for Volkswagen is quite good as it has 113 service centres and 199 showrooms in the country.

Car Models by Volkswagen

• Volkswagen Ameo

A compact sedan, it was launched in the year 2016 on 5th June under the scheme, Make in India. Its tail light is at side profile at the rear, alloy wheels (chic), electric wing mirror with the turn indicators, dual-beam headlamps at the front and fog lamps make this model exceptional. The car is powered up with 1198 cc, 1.2 L engine that generates power of 74 bhp at speed of 500 rpm and a torque (peak) of 110 Nm at the speed of 3750 rpm added with manual gearbox (5-Speed). It gives a mileage around 15 kmpl and 17 kmpl on city roads and highways respectively.

• Volkswagen Jetta

Its high features place it above all. It has a huge boot of 510-litre, foldable seats (rare), armrest and cup holders along with a spacious interior. It has got a total of 6 airbags, EDL- Electronic Differential Lock, ESP- Electronic Stabilisation Programme, Traction Control and responses in split second while critical driving. The diesel manual transmission model gives an average mileage of 17 kmpl and the petrol variant in automatic transmission gives 12 kmpl and the diesel variant gives 14 kmpl.

• Volkswagen Vento

It is on the road since 2010. It is a Volkswagen Polo with 3-box and an extra wheelbase which permits legroom (rear) as compared to hatchback, extra wheelbase (50 mm) and boot space of 500 litres. It has three variants- Highline, Comfortline and Trendline. The Petrol model gives an average mileage of 12.5 kmpl and 15.8 kmpl on city roads and highways respectively. The Diesel Variant gives 16 kmpl and 20 kmpl on the city roads and highways respectively.

• Volkswagen Polo

It is one of the favourite cars of people with great power, sporty design and stunning colour. It comes with TDI, 1.5 L engine with powerful 4-cylinders added with manual transmission- 5 gear. It is also available in MPI Petrol, 1.2 L. It gives a fantastic mileage of 18 kmpl for Diesel manual transmission variant, 15 kmpl for Petrol automatic transmission and 14 kmpl for Petrol manual transmission.

Insurance Policy

​• When a car is insured, it can be legally run on the roads of India.
• No stress as damages are covered under insurance of the car
• Medical expenses are also covered in some policies.
• Overall the insurance of a car reduces the financial losses.

Before Your Next Drive On Volkswagen Car

FAQs

Most frequent questions and answers about on Volkswagen Car insurance

1. From where should one buy or renew the car insurance of Volkswagen?

You can buy the insurance for your Volkswagen from an agent, a broker or directly from the insurance company. While online insurance policy offers additional benefits as compared to other means.

2. If the insurance of Volkswagen gets expired, what will happen?

You will have to renew the insurance policy immediately otherwise you will have to pay penalty, even for a single day.

3. What are the add-ons one should look for while renewing the car insurance of Volkswagen?

Zero Depreciation, Engine Protector and Return to Invoice are few add-ons which you can look out for while renewing the insurance

4. What will happen if the wrong information is provided during the insurance of Volkswagen?

If you do so, you will have to rectify the mistakes as soon as possible. Otherwise, the papers won’t be valid for the insured car.

5. Does engine capacity decide premium of the car?

Yes, it does depend on the capacity of the engine of your car. The cost of the insurance is directly related to its capacity, if the car is of higher capacity, the charge will be high and vice-versa.

Toyota Insurance: Toyota Car Insurance Online Renewal Process India

Don't pay hefty penalty. Renew car insurance in just 5 mins.

Vehicle registration number is required. Invalid registration number.Sample: DL-01-KY-3053
Previous Insurer is required.
Previous Policy Number is required.
Old quotation number is required. Invalid quotation number.Sample: PIBLMTRPC000000000000000

Forgot your car number? Click here

Want to insure your new car? Click here

Probus Renewal? Click here

Already Have Quotation? Click here

Toyota Car Insurance

Why to Insure Your Toyota Car

Toyota Car are great on Indian roads, which is why there are so many of them. But with a Four-wheeler insurance, you can:

·   Be sure that you’re rightfully compensated if your Toyota Car was stolen or damaged beyond repairs.

·    Get coverage for a third-party if your Car caused an accident and the third-party was injured or their property damaged.

·    Get comprehensive coverage for your own four-wheeler, in case damages were caused to your vehicle. 

·    Be sure that no traffic policeman heavily fines you for not having an insurance policy for your car. Strictly, say no to bribery!

Inclusions
Of Car Model

You are covered against the following:

·    Loss or damage to the vehicle due to an accident

·    Loss or Damage caused to third-party life or property

·     Theft of insured vehicle

·     Damages caused due to natural calamities

·     Damages caused due to man-made calamities

Exclusions
Of Car Model

You are NOT covered against the following:

·         Regular wear and tear

·         Depreciation

·         Mechanical & Electrical breakdown

·         Driving with an Invalid or no license

·         Driving under the influence of intoxicants

Add-on Covers For Your Toyota Car

Zero Depreciation Cover

Return to Invoice Cover

0

Trim your Comprehensive Car Insurance Premium with these Discounts

• No Claim Bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year. You get 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. 

• Installation of Security Devices

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).

• Membership of AAI

A membership to any of the recognized Automobile Associations of India can fetch you an extra discount.

• Choose the Right IDV

If you are in the noble profession of teaching or employed in Govt. Services, you are entitled for an additional discount on your own-damage car insurance premium.

How to File a Claim for Your Toyota Car

The policy document is a ready reckoner that you can refer for the complete list of documents to be submitted if you have a Car Insurance claim. The documents which you would generally require are:

Cashless Garages for Your Car Model

About Toyota

Toyota, established in the year 1973, is the second largest automobile manufacturer in the world. Toyota is a spin-off from Toyota Industries has its production unit in across 28 countries around the world, making it the seventh largest company in the world. Toyota AA, the first car launched by the Toyota industries which makes a massive entry in the market with its design. In India, Toyota has established itself by a business merge, between Kirloskar Motors and Toyota. This joint venture of 1997, between these two companies, is the largest Engineering and construction conglomerate in India. This company is located in southern India; Bengaluru. Also, the second unit of Toyota Kirloskar Group has been established in Bengaluru itself, and the company has invested a huge part of the funds for this.
Toyota has been launching its car with a different specification everytime. Toyota has launched Corolla, a subcompact car in the year 1966. This company has its first Indian launch with Qualis, followed by a midsize car- Camry. Camry was sold internationally though after its launch and success in India. Innova, a multi-purpose vehicle launched by Toyota, is a tough competition for the cars like TATA Aria and TATA Sumo Grande, because of the feasible market it provides even after the cost-efficient purchase. One of the sports utility vehicle launched by Toyota is Toyota Fortuner, which is inspired by its predecessor Toyota Hilux.

Car Models by Toyota

• Toyota Etios Liva

It has got 10 different kinds of models with variation in the type of engine (3), transmission type (1) and fuel type (2).

• Toyota Etios Cross

It has got 4 different kinds of models with variation in the type of engine (3), transmission type (1) and fuel type (2).

• Toyota Corolla Altis

It has got 9 different kinds of models with variation in the type of engine (2), transmission type (2) and fuel type (2).

• Toyota Camry

It has got 2 different kinds of models with variation in the type of engine (1), transmission type (2) and fuel type (1).

• Toyota Land Cruiser Prado

It has got only one kind of model with variation in the type of engine (1), transmission type (1) and fuel type (1).

• Toyota Prius

It has got 2 different kinds of models with variation in the type of engine (1), transmission type (1) and fuel type (1).

• Toyota Land Cruiser

It has got one kind of model with variation in the type of engine (1), transmission type (1) and fuel type (1).

• Toyota Etios

It has got 8 different kinds of models with variation in the type of engine (2), transmission type (1) and fuel type (2).

• Toyota Innova

It has got 14 different kinds of models with variation in the type of engine (1), transmission type (1) and fuel type (1).

• Toyota Fortuner

It has got six different kinds of models with variation in the type of engine (2), transmission type (2) and fuel type (1).

Insurance Policy

• When a car is insured, it can be legally run on the roads of India.
• No stress as damages are covered under insurance of the car
• Medical expenses are also covered in some policies.
• Overall the insurance of a car reduces the financial losses.

Before Your Next Drive On Toyota Car

FAQs

Most frequent questions and answers about on Toyota car insurance

1. What if I have given wrong information about policy?

You can contact the source from where you have done the insurance and tell them about the information with a proper proof for rectification.

2. What will happen if I fill the wrong detail about car variant?

In that case, notify the source of insurance regarding the issue with proper documents. They will amend the issue and will provide a document regarding the changes.

3. How is the CC of engine decides insurance premium?

The CC directly determines the insurance premium. The larger the value of CC, the greater will be the charges for insurance and vice-versa.

4. Will I get policy reminders for renewals?

 Yes, you will get reminders for renewals at regular intervals.

5. What’s the difference between comprehensive and third-party car insurance?

The comprehensive car policy covers theft, vandalism and fire of your car. Also, it covers the damages due to cyclone, earthquakes, flood and riots kind of natural disasters. Along with it, it covers the legal liability due to property or bodily harm occurred by the car to any third person or party.

Whereas, in third party-policy, only the third party is covered for any damages because of the car.