Buy Car Insurance Online in India

Buying car insurance online is not a big deal. It's easy, user-friendly, and allows you to avail car insurance in minutes. If you have been interested in buying car insurance online in India, let us remind you that buying online is one of the simplest and quickest ways to insure your car. Nowadays we are getting everything at doorsteps operating on our mobile phones. So why not get car insurance online...Read More

Compare Car Insurance Quotes

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

What is Car Insurance?

Car Insurance is a contract between the owner of the car and the car insurance provider, to protect you from financial damages caused by certain incidents like loss or damage due to personal accident cover, theft of the car, natural disaster, fire or man-made, roadside assistance, and third-party liabilities, etc.

As a car owner, you need to have the right car insurance policy. Buying a car is one thing and maintaining it is completely different. The Government of India has made it mandatory for all car owners to have a car insurance online policy.

The roads are some of the most uncertain places, where negligence, ignorance, carelessness, or just bad luck can bring about a lot of consequences to you and your car. Moreover, every Loss or damage to car money is involved in every stage of the car's recovery and safety.

Case Scenario:

Case 1: Jhansi has insured with Car Insurance Company online. Suddenly she goes to her aunt’s house out of the town. Middle of the highway her car has a breakdown. Luckily she has additional coverage for Roadside Assistance.

She contacted the insurance provider they send the survivor to the spot before that they asked Jhansi to put the photo of the car breakdown. The car was Towing to the network garage and major repairs are covered in her policy itself.

Case 2: Mr. Suresh, who was the owner of a car, had already taken his car for its price. When the cheque was received as the price of the car could not be en-cashed and meantime the car met an accident on the road he claimed compensation from the insurance provider for the loss of the car. Is his claim valid?

  • Yes, the claim is valid & payable
  • Partially payable
  • A claim cannot be paid by the insurer
  • The claim is payable only to the new owner.

[Note: In the above case, the claim put out by Mr. Suresh is not justified because, as the court also held that the loss was the loss of the sale proceeds and not the loss of the car and so the insurer is not liable to pay any compensation.]

Table of Content:

Why Car Insurance is Important?

Car insurance is important in India because it is a legal requirement. It also protects the car from any damages that may occur to it, while you are driving. The car owner of the car needs to purchase a car insurance policy to drive the car on Indian roads. There are two types of policies available: Third Party Insurance and Comprehensive Insurance.

How to Buy Car Insurance Online?

Buying car insurance online is a concern, what you see is what you get. One of the best benefits of buying car insurance online is that you can validate your premiums with different car insurance companies.

Car insurance can be purchased online from the PolicyBachat portal in two easy steps. At PolicyBachat we cater unbiased comparison of quotes, 24*7 customer assistance team your motive is to give our customers the right quotes with compare car insurance rates online.

  • Go to compare car insurance quotes online at PolicyBachat.com
  • Fill in the required details select your Car Model & Variant, RTO Location, Registration date, and Email address.
  • Click on the “START SAVING MONEY”.
  • Choose between a Third-Party Liability Only and a Standard Package (Comprehensive Insurance).
  • Premiums with different insurance companies are displayed with low premiums
  • Select required Add-ons/Riders and discounts, or you can Edit Policy Details as per your requirement
  • After that fill in the ‘vehicle owner details and personal details.
  • Purchase best Car Insurance Policy using online payment
  • If any queries are raised call: 1800–123–4003.

You can explore your insurance provider's what they provide and Review Our Portal to look at how we assist our customer's needs through car insurance policy covers. PolicyBachat leads you to choose the best car insurance policy needs.

  • Comprehensive coverage: This Comprehensive coverage includes cover against damages to your car or damages to a third party person/ property. And if this is not enough it can be customized with your choice of add-on covers, giving you coverage as per your requirement in a cost-effective way. While you secure your car with comprehensive car insurance online in a matter of minutes.
  • Third-party Liability Cover: This coverage only protects you against liabilities arising from damage, injury, or loss to a third party person or property. As established in the Motor Vehicles Act 1987, this is a mandatory cover approved by the government and it is a punishable offense to not have a valid third-party liabilities cover.
  • Stand Alone Own Damage cover: If your car already has third-party coverage? Well, then the stand-alone own damage cover is the perfect missing cover that helps you against financial losses arising to the car owner due to damage to the car.
  • Coverage for Popular Car Brands: Bought a newly brand car? Then this cover offers 1-year coverage against damage to your car along with a 3 year cover against damages to a third party person/ property.
  • No Claim Bonus (NCB): No Claim Bonus can be gathered together as a discount on the premium amount over years. NCB discount ranges from 20% to 50% on the own damage premium. No Claim Bonus (NCB) can be claimed even if someone changes its vehicle, as it is transferable to the new vehicle bought by the policyholder.

Types of Car Insurance Plans in India:

1. Comprehensive Car Insurance: Comprehensive plans have two components third party cover and own-damage cover. It covers:-

  • Own damage
  • IDV customization
  • Third Party Liability
  • Natural Calamities
  • Personal Accident Cover of Rs. 15 lacs
  • Choice of Add-ons.

2. Own Damage Car Insurance: Own damage policy provides coverage to the policyholder in case their car sustains any kind of damage. The third-party insurance does not cover your damage so you have to purchase it separately.

  • Own damage
  • IDV customization
  • Natural Calamities
  • Personal Accident Cover of Rs. 15 lacs
  • Choice of Add-ons.

3. Third Party Car Insurance: Third-Party car insurance policy is a mandatory requirement for driving a car in India. It is the most basic car insurance plan and is thus also called Liability Only Car Insurance Policy.

  • Death/bodily injury to a third party
  • Damage to third party property
  • Personal accident cover
  • Damage to third party vehicle.

Compare Different Car Insurance Plans Online:

Third-Party Comprehensive Own Damage
Damages/Losses to own car due to an accident
Damages/Losses to own car in case of fire
Damages/Losses to own car in case of a natural calamity
Damages to Third-Party Property /Vehicle
Personal Accident Cover
Injuries/Death of a third-party person
Theft of your car
Doorstep pick-up & drop
Customize your IDV
Extra Protection with customized add-ons
Own Damage of Car
Third Party Bodily Injury

Difference between Third-Party Car Insurance vs Comprehensive Cover:

Details Third Party Car Insurance Comprehensive Car Insurance
What is it? This is the basic insurance that is mandated by the government as per the Motor insurance Act, 1988 This covers both the third party as well as the own damage of the car.
Coverage Third party car insurance covers injuries or death of third parties due to an accident. The primary benefit of getting a comprehensive car insurance is, it protects your car from any unfortunate damages and losses due to accidents, collisions, fires, etc.
Premium Premium is fixed by the IRDA and is constant across the insurance companies. TP premium depends on the Cubic Capacity and passenger carrying capacity of the vehicle. Higher in price but that depends on a lot of other factors such as the city you drive in, car make, model, add on, etc.
Discount No discount can be offered on Third party car insurance premium as it is fixed by IRDA Discounts in the form of anti-theft devices, voluntary deducibles, and no-claim bonus are available.
No Claim Bonus Not available in Third party car insurance cover Varies for each claim-free year and is capped at a max of 50 %.
Customization There is no customization possible under Third party car insurance as it is a pre underwritten product. Customization can be done using the car insurance calculator for the add-ons, IDV, etc, as required by the insured.
Claim Amount The claim amount in the case of Third party car insurance is awarded by the Honourable Court after taking various factors into consideration. The claim amount in case of comprehensive is calculated on the basis of loss and the total claim amount doesn’t exceed the Insured Declared Value (IDV).
Cost Since it covers only the Third party loss, the cost is low compared to comprehensive insurance. It is slightly on the higher side due to the inclusion of Own damage premium in addition to Third party premium.
Which one to opt? If your car is old and rarely used then third party car insurance can opt. If your car is new and has considerable value in the market and you use it frequently, then u can opt for comprehensive cover even though it is costly compared to only third party car insurance.
Car Theft Not covered Covered under Comprehensive insurance
Act of God Damages Not covered Covered

How to Choose Car Insurance Policies Online?

You can choose ideal car insurance online plan by following some points given below:

1. Select the Type of Plan - Assess your car insurance needs and finalize the type of policy you need. Choose a third party cover or comprehensive cover based on your requirements.

2. Compare Policies - You should compare different car insurance plans online. The comparison makes it easier to pick the best car insurance plan as per your budget and needs.

3. Check for IDV and Premium - The IDV refers to the current value of your car in the market and the amount that an insurer can maximum pay you in case of total loss or car damage beyond repair. A higher IDV can give you extended coverage but it increases the premium as well. So, check for the amount of IDV and select the one which you can afford and require.

4. Ask for Add-on Covers - Add-on covers expand the coverage of your policy. You can buy it by paying an additional premium. You should inquire about the add-ons and choose the one which suits your needs the best. However, you can have these covers only with the comprehensive insurance plan.

5. Look for the Claim Process - Look for an insurance company that has a simple and swift claim process. To confirm the quality of the claim process of insurers, you can check their Claim Settlement Ratio (CSR) before finalizing. It refers to the percentage of claims settled by the insurer in a year. It is better to buy a plan from a company with high CSR.

Benefits of Buying Car Insurance Online:

There are many ways to get car insurance but buying car insurance online has benefits that help customers feel free to purchase it for their needs. Let us see what the benefits of car insurance are online:-

  1. Zero Paperwork
  2. More Economical and Convenient
  3. No more agents
  4. Instant Policy Issuance & faster process
  5. Quotes Comparison
  6. Cost-effective
  7. Pay Premium Online
  8. Protection against Third-party liabilities
  9. Protection against Own Damages
  10. Personal Accident Cover
  11. Add-on/Riders
  12. Cashless Claim facility
  13. No Claim Bonus Up to 50%
  14. Helps you stay legally complaint
  15. Coverage against Theft.

Select Top Companies to get Best Car Insurance Online:

Compare the quotes by different insurance companies while looking for types of car insurance online and pick the one that provides more benefits at a lower price. We provide the best insurance companies including Bajaj Allianz, IFFICO TOKIO, HDFC ERGO, Bharti AXA, and a lot more companies that provide low premiums.

Here are the car insurance premium quotes in Hyderabad for a Hyundai i20, 2017 manufactured, fuel used is petrol, 1200 cubic capacity, 5seater and registered under Telangana(Hyderabad) RTO.

The rates for the other cities in Telangana would be slightly lower than that of Hyderabad due to the other cities being classified under Zone B, while Hyderabad comes under Zone A. Below are the quotes compared with companies along with IDV values with low premiums.

Top Car Brands in India:

Insured Declared Value in Car Insurance:

IDV or Insured Declared Value is nothing but the "Sum Insured" in a car policy. This is the amount you will receive as a settlement in the event of a total loss (beyond repair) of your car or if your car is stolen.

Few online insurance web aggregators, agents, or brokers might tempt you with the lowest insurance premium but when you compare car insurance renewal online you could see the IDV of your car is reduced. So, think twice before opting for the lowest insurance premium.

Companies IDV Premium
IFFCO TOKIO 3,62,185 6011
Bharti AXA 3,69,965 7084
TATA AIG 3,00,000 5834
Liberty General 3,02,586 6145
HDFC ERGO 3,55,146 6591
Digit 3,00,000 7868

*Premiums given are for illustration purposes only* Please refer to the website for the exact premium.

Factors Impacting Insured Declared Value:

The insured declared value is the approximate market value of your car and the maximum amount of reimbursement your car insurance provider can give you in case of your car’s total loss. One of the major factors that impact the IDV is the age of the car. The older the car, the lower the IDV will be. As a result, the sum insured of the car insurance policy will also be lower.

Age of the Vehicle % depreciation of fixed IDV
Not exceeding 6 months 5%
Exceeding 6 months but not exceeding 1 year 15%
Exceeding 1 year but not exceeding 2 year 20%
Exceeding 2 years but not exceeding 3 year 30%
Exceeding 3 years but not exceeding 4 year 40%
Exceeding 4 years but not exceeding 5 year 50%

Top Car Insurance Renewal Online Companies in India 2022:

Companies Plan IDV Value Additional Covers & Discounts Premium
National Car Insurance Online
  • 1 Year Comprehensive
  • 1 Year Third Party
  • Rs. 2.5 Lakh
  • Tyre secure & NCB discount
  • Rs. 5663
  • Rs. 3221
View Plan
HDFC ERGO Car Insurance Online
  • 1 Year Comprehensive
  • Rs. 2.9 lakh
  • Tyre secure & NCB discount
  • Rs. 6668
View Plan
IFFCO TOKIO Car Insurance Online
  • 1 Year Comprehensive
  • 1 Year Third Party
  • Rs. 3 lakh
  • Tyre secure & NCB discount
  • Rs. 8842
  • Rs. 3221
View Plan
United India Car Insurance Online
  • 1 Year Comprehensive with OD Discount
  • 1 Year Third Party
  • Rs. 5.69 lakh
  • Tyre secure
  • Rs. 10, 700
  • Rs. 3221
View Plan
Universal Sompo Car Insurance Online
  • 1 Year Comprehensive with 24x7 Roadside Assistance
  • 1 Year Third Party
  • Rs. 3.97 lakh
  • Tyre secure & Roadside Assistance
  • Rs. 17, 212
  • Rs. 3221
View Plan
Bajaj Allianz Car Insurance Online
  • 1 Year Third Party
  • Rs. 2.86 lakh
  • Tyre secure, 24x7 roadside assistance, and key replacement.
  • NCB & Commercial Discount
  • Rs. 3221
View Plan
SBI Car Insurance Online
  • 1 Year Third Party
  • Rs. 2.45 lakh
  • Tyre secure
  • Rs.3859
View Plan
TATA AIG Car Insurance Online
  • 1 Year Comprehensive
  • Rs. 3.98 lakh
  • Tyre secure & NCB discount
  • Rs. 4436
View Plan

What are the Bonuses Involved in Car Insurance?

Damage to the vehicle: The policyholder can claim against loss due to damage to the vehicle due to accidents.

Third-party damage: Cover against financial liability caused to the third party in case of death or property damage.

Unfortunate damages: Damage to the vehicle in case of unexpected circumstances like theft, fire accident, floods, earthquake, and other natural calamities. In all the mentioned cases policyholders can claim damages or loss of property.

Accidental cover: Coverage to driver and passenger in case of accidental death, coverage limit is mentioned in the policy document.

Why Choose PolicyBachat for Car Insurance Online?

Car Insurance online is easy and hassle-free and can be done within minutes online. Looking to renew your car insurance policy with us for the first time? Here are some benefits to look forward to:

  • Buying Car Insurance online done in just 5 minutes
  • 24x7 Claims Assistance
  • Easy on your pocket
  • Cashless Assistance
  • Incredibly low premiums
  • Best plans and coverages
  • Cashless car repairs
  • Large network garages
  • Customize your IDV.

Factors to Consider while Comparing Car Insurance Online:

Claim Settlement Ratio: Compare the claim settlement ratio of the insurance companies that will help you to settle your claims quickly.

Coverage: Firstly, compare car insurance coverage such as third-party liability covers and comprehensive covers before choosing a car insurance policy.

Car Insurance Premium: This is one of the most significant factors should consider before choosing a car insurance policy. People think insurance policies with lower premiums are the best policies but it is not always a good idea. This is because a lower premium might mean lesser benefits. Compare car insurance premiums with car insurance calculators online.

Network Garages: Comparing car insurance plans will help you get the plan whose network garage is the nearest to your residential area.

Add-on Covers: Different insurance companies offer different types of car insurance add-ons to enhance your coverage. Comparing car insurance policies will help you get the best add-on that suits your needs. Some of the add-on covers are

  • Return to Invoice Cover
  • Tire protect cover
  • Zero Depreciation Cover
  • Engine and Gear-protection cover
  • Consumable cover
  • Breakdown cover
  • Passenger cover
  • Personal Accident Cover

Check Terms and Conditions: There are certain terms and conditions involved in a car insurance policy. When you compare car insurance online, you can get through exclusions and inclusions of the various car insurance policies. This will help you choose the policy that suits your requirement.

How to Renew Car Insurance Online in India?

Car insurance online can be renewed by visiting the website PolicyBachat first and then selecting a suitable insurance company. It’s worth noting that each insurance company’s renewal process may differ slightly. The following is a step-by-step guide to renewing an insurance policy online:

Step 1: log in to PolicyBachat.

Step 2: Choose a policy that is about to expire or has already expired.

Step 3: Select the coverage you require and click “Renew.”

Step 4: Read the insurance policy’s inclusions and exclusions, as well as the terms and conditions. Also, make sure to read the small print.

Step 5: Pay for the policy and receive it at your registered email address.

Factors that Reduce Car Insurance Online Premiums:

Compare online car insurance is always mandatory but on the other hand, buying the best coverage plans tends to be so expensive that buying them burdens our pocket. Comparing car insurance online keeps on increasing with different factors affecting the premiums which are unavoidable.

Yet there are a few tips that will reduce your car insurance India premiums. Buy cost-effective online car insurance from www.policybachat.com. Want more details on the best car insurance policy in India? Call us on 1800-123-4003 to talk to our insurance experts.

  • Review IDV: Reducing premiums will be effective after determining the IDV of your car. If your IDV is higher your car insurance India premium will also be higher. So, buy comparing car insurance online for lower IDV values to reduce your premiums.
  • Get Quotes: Compare auto insurance policies is one of the effective methods of reducing car insurance premiums. Get online car insurance or car insurance renewal policies by comparing car insurance quotes and buy insurance online by sorting it to reduce your premiums. Quote your online car insurance policy through www.policybachat.com and call us on 1800-123-4003 to get guided on buying a car insurance policy.
  • Leave Insurance Brokers: You might be thinking buying insurance policies from insurance brokers might be useful but remember that this will further increase the burden on your pocket. Insurance brokers will levy some brokerage charges along with your insurance policy. Buying online car insurance is the cost-effective method for buying car insurance in India, car insurance renewal policies.
  • Buy your policy for an annum: Your coverage starts immediately after buying your online car insurance policy. Buying yearly car insurance will extend your savings on car insurance in India. However, if you have opted for a six-month car insurance India policy your premium keeps changing.
  • Clean credit: It is to be noted that maintaining a better credit record with your insurers will become beneficial as many insurers will rely on your track history in determining your premium for your online car insurance or car insurance renewal policy.
  • Stay with the insurer: This is the most general factor that affects your premiums. Buying an online insurance policy and buying a car insurance renewal policy will carry your discount from the insurer to the next insurance policy year.

How to Calculate Car Insurance Online Premiums?

Car insurance prices depend on the following factors. There is no standard list of insurers who provide the lowest car insurance price in India for all types of cars.

1. IDV of Car

Insured Declared Value of the car is its manufacturer’s showroom listed price minus the cost of depreciation. IDV also equals the maximum insured sum.

2. Make and Model

Your car’s model and make also decide the premium price of the insurance policy.

3. Age of Car

The more the age of the car, the more will be the car insurance premium price and vice versa.

4. Add-Ons Purchased

The cost of availing of add-on covers adds to the car insurance premium cost. The more the add-ons purchased, the higher will be the car insurance policy’s premium price but the more will be the insurance coverage.

5. Geographical Location

The car insurance premium is also affected by the location of the RTO at which the car is registered. Two car insurance policies for the same car and from the same insurer will be different for cars registered in different cities or in different areas of the same city.

{IDV = Cars Showroom Price + Cost Accessories – Depreciation on Car OD = Insured declared value x Car Premium + Benefits – NCB/Discount}

What is the Difference between New Car vs Used Car Insurance Online?

If you opted to buy a new car or a used one, it is a great idea to compare policies online. This way, you will be able to get hold of the most optimum policy that offers maximum coverage at a fixed cost. Also, remember to get sufficient coverage for your vehicle so that you do not end up in a financial crisis in the future. Know the difference between new car insurance policy and used/old car insurance policy benefits and coverages discussed below:-

New Car Used Car
What? When you buy a new vehicle, you need to insure it before you drive it off. New car insurance is a kind of compulsory insurance that is required to be acquired for all new cars in India. New car insurance helps in the protection of one's assets. This coverage protects you from accidents or damages that are not your fault. Used Car Insurance is a type of car insurance that is specially designed for vehicles that are more than 10 years old. The age of the vehicle and the value of the car are two factors that determine the cost of this type of insurance. The older and more valuable your car, the higher your premium amount will be.
Benefits
  • Damage or loss to the insured vehicle
  • Personal accident cover
  • Cashless Network Garages
  • Third Party Liabilities
  • No Claim Bonus.
  • Protection against Natural/Man-made Calamities
  • Third-Party Liability Coverage
  • Accident Damage Cover
  • Theft or Total Loss Coverage
IDV New cars have a higher Insured Declared Value (IDV). So, the premium to IDV is higher. IDV is lower.
Premium Premium is low. Due to no breakdowns and unexpected events. Premium is higher. Old cars are highly prone to breakdowns and total loss situations.
Repairs Insurance charges are higher due to the cost of repairs being higher to new cars. It is cheaper to repair used cars.
Causes Concerning theft, the premium will be low because new cars have the latest safety devices installed in them. Old cars are targeted by thieves more often as these vehicles do not have a robust security system.

Difference between First Party and Third Party Car Insurance Online:

Difference between First Party and Third Party Car Insurance Online

First Party Third Party
What is it? It is the first party who initiates the purchase of a car insurance policy i.e. person who purchases a car insurance policy from an insurance company. A third party cannot purchase a car insurance policy. The moment he buys a policy, he will become the first party. It is the person who is affected by the first person’s car and gets compensation from the second party on the first party’s behalf.
Is it Mandatory? It is not mandatory to cover the first party under car insurance as per the motor laws. It is mandatory to cover third party interests under four wheeler insurance as per the motor laws.
Coverage A first party can be covered under personal accident cover and get their damage cover for his/ her car with a comprehensive insurance policy. A third party can be covered under a third party car insurance policy.
Benefits A first party receives insurance benefits only under comprehensive insurance as part of its damage cover. A third party can receive insurance benefits under both first party and third party car insurance.
Personal Accident Cover In case of a car accident, the first party will get a personal accident cover of up to Rs 15 lakh from the second party. In case of a car accident, the third party will get compensation from the second party up to an amount decided by the Motor Accident Claims based on the extent of the damage caused.
Damage Cover In case the first party damages his/ her property with the insured vehicle, even the best car insurance will not cover the property damages. Only damages to the car will be covered under comprehensive insurance. In case of third party property damages, the second party will cover the damages up to Rs 7.5 lakh on behalf of the first party.

What is Covered in Car Insurance Online?

  • Any form of loss/damage to the policyholders’ vehicle
  • Damages arising out of an accident or events like theft, fire, explosion, self-ignition, lightning, riots, strikes or act of terrorism, natural calamities, etc.
  • Damages to third party/person/property
  • Personal Accident Cover of up to Rs. 15 lakhs

What is Not Covered in Car Insurance Online?

  • General wear and tear, depreciation
  • Loss/damage incurred when the policy is not in effect
  • Loss/damage due to driving without a valid car license
  • Loss/damage due to driving under the influence of alcohol, substance abuse, drugs, narcotics, etc.
  • Loss/damage to the car engine via oil leakage
  • Loss/damage due to commercial use of the private vehicle.

Add-ons/Riders of Car Insurance Online:

Zero Depreciation Cover

As your car ages, the value of its parts decreases or depreciates. At the time of a claim, Zero Dep. cover compensates you for the claim amount that gets deducted because of depreciation.

No Claim Bonus Cover

Made a claim, worried about your NCB discount? Don’t worry; this add-on cover not only protects your No Claim Bonus earned so far but also takes it to the next NCB slab earning.

No Claim Bonus Cover
Engine Protection Cover Engine Protection Cover

Pays for repair or replacement of a damaged engine. A handy add-on for those who stay in a region prone to flooding during the rains, or if you own a high-end car.

Return to Invoice Cover

Love your car dearly? Give your car this add on the cover and recover your invoice value back in case of theft or total damage to your car.

Return to Invoice Cover
Roadside Assistance Cover Roadside Assistance Cover

Helps you in case of a breakdown/accident with – towing to the network garage, battery jumpstart, minor repairs, and on-call support and taxi benefits.

Consumable Cover

Pays for repair or replacement of nut and bolt, screw, washer, grease, lubricant, clips, A/C gas, bearings, distilled water, engine oil, oil filter, fuel filter, brake oil, and related parts.

Consumable Cover
Key Replacement Cover Key Replacement Cover

The key replacement add on covers the cost of replacing your lost car keys in case of the car’s or key’s theft.

Personal Accident Cover

If you are injured in an accident involving your insured car, the cost of your medical treatments would be borne by us.

Tyre Protection Cover Tyre Protection Cover

With this add on, you can cover the repair or replacement of a damaged tire or tube. However, this add-on can only protect the financial losses in case of loss or damage to the tyres and tubes in an accident.

Daily Allowance Cover

If your car meets with an accident and has to stay in the garage for a long time, the Daily Allowance add-on provides you with an amount for your travels without your car. The amount is payable for 10-15 days, subject to the cause of the four-wheeler insurance claim.

Daily Allowance Cover
Personal Belongings Cover Personal Belongings Cover

Covers personal belongings, such as your laptop, phone, and clothes in your car. It has you covered, in case these belongings go missing from your car or get damaged in an accident.

Difference between Zero depreciation and Comprehensive Car Insurance Online:

Zero Depreciation Cover Comprehensive Cover
Premium
  • Premium is higher compared to the Comprehensive cover premium.
  • Normally the zero depreciation cover premium would be a percentage of the Insured Declared Value of the car.
  • Includes Own damage and Third party premium.
  • Third party premium is decided by the IRDA and own damage premium is decided by the insurance companies within the set limit.
Claim amount Covers the entire claim cost including the depreciation costs. The cost of depreciation is not deducted from the final claim bill. Covers claim costs after factoring depreciation costs i.e. depreciation amount is not taken into consideration at the time of claim settlement.
Age limit
  • Zero depreciation cover is generally offered only up to 5 years of age by most companies.
  • Some companies offer the zero depreciation cover as an add-on up to 7 years of vehicle age depending on several factors such as the Make model of the vehicle, cubic capacity of the vehicle, a previous year loss ratio of the vehicle, etc.
Comprehensive cover can be offered up to 15 years of age of the vehicle or more than that depending on the mutual agreement between the insurance company and the insured customer.
What Parts are covered? No depreciation is applicable on any part at the time of claim settlement and the claim is paid accordingly. Up to 50% depreciation is applicable on parts such as Wood, Fibre, Steel, etc., at the time of claim settlement.
How many times can you claim?
  • Some companies offer the claim settlement with Zero depreciation cover only up to 2 claims after which the claims would be settled on a comprehensive cover basis.
  • While some companies have no limit on the number of claims that can be made under the Zero depreciation cover.
Under the comprehensive cover, any number of claims can be made and all the claims are settled after factoring depreciation.
Cashless/Reimbursement
  • Cashless claims with depreciation cover can be availed only in the tie-up garages.
  • In case of a reimbursement claim outside the list of tie-garages, the claim would not be settled under the depreciation cover.
  • Cashless claim settlement can be availed from the list of network garages available in your area of operation.
  • Reimbursement claims are also allowed under the comprehensive car insurance policy subject to complete documents being submitted to the insurance company.

IRDAI Approved Car Insurance Companies in India:

Insurer Claim-Settlement Ratio Network Garages
Private Sector
Acko 97.58 1300+
Bajaj Allianz 65.83 6000+
Cholamandalam MS 82.95 8500+
Edelweiss General 116.31 2000+
Future Generali 57.67 4000+
Go Digit 74.82 5800+
HDFC Ergo 79.21 6800+
ICICI Lombard(Bharti axa) 76.53 9700+
IFFCO Tokio 87.77 4300+
Kotak Mahindra 75.66 1300+
Liberty 70.95 4300+
Magma HDI 85.13 3390+
Navi 150.69 1100+
Raheja QBE 103.90 1300+
Reliance 84.63 6200+
Royal Sundaram 92.23 4600+
SBI General 92.05 5000+
Shriram 65.43 2000+
Tata AIG 80.29 5400+
Universal Sompo 89.54 3500+
Public Sector
National 116.44 3100+
New India Assurance 85.35 3000+
Oriental 101.63 2000+
United India 96.45 2000+

How to Claim Car Insurance Online?

In case of an accidental emergency that requires immediate hospitalization, you need to inform your car insurance provider instantly. Here is a step-by-step guide to filing a car insurance claim online:

  • The first step is to keep track of all the relevant information and the surrounding environment
  • Record the time and date of the accident
  • Contact details of the person involved, driving license, and car number details
  • Take assistance from the traffic police
  • In case of injury to a third party, admit the individual to a nearby hospital
  • Get your four wheeler insurance policy details
  • Contact the local police and file an FIR
  • Intimate the claim to your respective insurer
  • Submit the relevant documents/information to the insurer
  • Estimate the loss and cost of repair
  • Your car will be subject to inspection by the surveyor
  • Based on the final decision of the surveyor, the claim will be settled accordingly.

Documents Required for Car Insurance Claims:

  • Duly signed and filled claim form
  • Insurance Policy Document
  • Car’s Registration Certificate (RC)
  • Driver’s license (DL)
  • Pollution Under Control (PUC) Certificate
  • Original receipt/bills of repairs (in case of reimbursement claim)
  • FIR (in case of fatal injuries/accidents or third party liabilities)
  • A copy of PAN Card (if the claim amount is more than Rs. 1 lakh).
  • Duly signed Satisfaction Voucher (SV) or Discharge Voucher (DV)
Accidental Death Claim:-
  • Death certificate
  • Post-mortem report
  • Medical certificate
  • FIR report
  • Medicine bills.

How to Renew Expiry Date of Car Insurance Online?

There is a concept of Grace period in every car insurance policy. If you are unable to pay the premium before the expiry date, then the insurance company would give you a grace period of a maximum of 30 days to pay the car insurance renewal premium.

If the premium is paid before the grace period the policy would be in force and all the conditions satisfied under the policy would remain intact. If you do not pay the renewal premium after the expiry of the grace period, the policy would lapse or voluntary deductible, and all the bonuses collected would be expired.

How to Pay Car Insurance Online?

It is known easy to pay Car Insurance Online the claim amount or claim process with net banking, debit, or credit cards; you can pay in your comfort of home. Make sure with fraudsters after completion of buying car insurance our customer service will support you to the further needs. Please verify our portal and get the customer care number talk to our agent if any queries.

Is Car Insurance Online Safe?

When you drive your car through some areas which will occur accidents theft happen person can ensure your claims free instantly online. You can buy or renew car insurance online safely with PolicyBachat.

However, make sure to buy car insurance online now from an IRDAI registered car insurance company only. The IRDAI issues a registration number to every car insurance company that acts as proof of the company's genuineness and originality. If you follow this particular questionary it is easy and way safe to purchase car insurance online. The best place to buy car insurance online is from PolicyBachat.

How to Check Car Insurance Online?

Whenever you purchase an insurance policy, it will be automatically linked with the registration number of the vehicle. That is why you need a separate policy for every car you own. The linking helps conduct a vehicle insurance status check online by using the registration details. If you are wondering how to check car insurance, know more.

  1. Check your car insurance policy document
  2. Call the insurance companies
  3. Contact your insurance agent and ask the expiry date if you had purchased the policy through him/her customer support and ask them the expiry date
  4. Go to the website of the Insurance Information Bureau (IIB) of India and check your policy status
  5. Check the official website of the Ministry of Road Transport and Highways, VAHAN. You just need to provide the registration number of the vehicle and check the status
  6. Visit regulator IRDAI’s database, which is the official website of the Insurance Information Bureau, and follow the steps mentioned there to verify the status.
  7. Visit the official website of the Regional Transport Office (RTO) and provide the registration number of the vehicle to check your status of insurance
  8. You can also visit the State Transport Department’s website and check the status.
Check car insurance online through below steps:-

I.) Check Car Insurance Policy Status via MParivahan SEWA Online

II.) Check Car Insurance Policy Status Online via IIB Online

III.) Check Car Insurance Policy Status Online via QR Code

IV.) Checking Car Insurance Policy Status Offline via Contacting Regional Transport Office

Explore Car Insurance:

Conclusion:

Now days, you don’t have to go to the nearest branch office for buying car insurance policy. You can protect your car, and your damages from the comfort of your couch.

With online insurance, you can finish the buying process anytime from your desktop, mobile etc.

Some Insurance companies allow you even to upload your all documents thus eliminating any paper work. They also provide policy tracker to keep you updated on policy issuance status.

Online aggregator websites like PolicyBachat provide the customer with side by side, unbiased comparison of policies given by different insurers.

Not only can you compare the features and prices of different insurers but also analyse the advantages and disadvantages of buying car insurance online. Thereafter, you can buy insurance from your preferred insurer.

Reviews & Overall Rating

PolicyBachat has near-perfect ratings on Google and Facebook. Here’s what our customers are saying.

PolicyBachat Rating

Dots

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Leave a rating!

0.0 (0 votes)

Please wait while your request is being processed.