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Car insurance protects you from financial losses due to various incidents, such as accidents with other vehicles or objects, theft of the car or its parts, and damage from natural disasters like floods or fires.A comprehensive car insurance policy also covers liabilities that come from accidents involving third parties, including damage to property or injury to anyone. Additionally, it protects you against both natural and manmade calamities. According to the Motor Vehicles Act in India, it’s mandatory to have at least third-party car insurance for your four-wheeler.
Comprehensive car insurance provides extensive coverage, including protection against third-party liabilities and damage to your own vehicle from collisions, theft, and accidents. You can improve your car insurance policy with optional add-ons like zero depreciation, roadside assistance, and personal accident cover for an extra insurance premium amount. This plan offers thorough protection, making it a great choice for car owners.
Third-party car insurance covers damages or injuries you cause to other people or their property in an accident. It does not cover damage to your own vehicle or injuries to yourself. The premium for third-party insurance is set by the Insurance Regulatory and Development Authority of India and is updated each year. In India, having third-party insurance is required by the Motor Vehicles Act of 1988.
What Is Covered? | Third-Party | Comprehensive |
---|---|---|
Third-Party Vehicle Damage | ✔️ | ✔️ |
Third-Party Property Damage | ✔️ | ✔️ |
Own Vehicle Damage | ❌ | ✔️ |
Vehicle Theft | ❌ | ✔️ |
Fire Damage | ❌ | ✔️ |
No Claim Bonus | ❌ | ✔️ |
Cashless Claim | ❌ | ✔️ |
Damage from Natural Calamities | ❌ | ✔️ |
Personal Accident Covered | ✔️ | ✔️ |
Engine Protection | ❌ | Through Add-on |
Zero Depreciation Cover | ❌ | Through Add-on |
NCB Protection | ❌ | Through Add-on |
Invoice Cover | ❌ | Through Add-on |
Key Features | Benefits |
---|---|
Own Damage Cover | Available under Comprehensive and Standalone plan |
Third Party Damage Cover | Covers third party injury and property damage |
Car Insurance add-ons | 10+ add-ons according to the plan |
Personal Accident Cover | Upto 15 Lakh |
Cashless Repairs | Available |
Car Insurance Premium | Starting @ ₹2072/year |
Buying/Renewal of Policy | Online & Offline |
Savings | Upto 80% on Car Insurance Premium |
No Claim Bonus | Upto 50% |
Buying car insurance online is increasingly popular because it’s convenient and offers many benefits. You can protect your car from damage and financial losses due to accidents, fire, theft, and more by purchasing a policy online in just three easy steps. Here’s why buying car insurance online is a great choice:
Plans | Cover Value (IDV) | PA Cover Price | Net Premium | Plan Details |
---|---|---|---|---|
HDFC ERGO | ₹ 3,98,678 | ₹ 375 | ₹ 10,108 | |
ICICI Lombard | ₹ 3,59,000 | ₹ 375 | ₹ 10,256 | |
SBI General Insurance | ₹ 2,58,480 | ₹ 325 | ₹ 10,844 | |
Digit Car Insurance | ₹ 3,59,000 | ₹ 330 | ₹ 11,473 | |
TATA AIG | ₹ 3,59,000 | ₹ 375 | ₹ 11,584 | |
Reliance General Car Insurance | ₹ 4,77,873 | ₹ 375 | ₹ 11,799 | |
Bajaj Allianz Car Insurance | ₹ 5,41,590 | ₹ 331 | ₹ 13,573 |
Comparing insurance policies is very important to find the best car insurance for your vehicle. To ensure you get the right coverage, compare insurance plans from top providers before renewing your policy. This process is quick and easy. Follow these simple steps to find the best car insurance for you:
Your car insurance policy covers:
Your car insurance plan usually does not cover:
Pay-as-you-drive (PAYD) insurance, also known as telematics insurance, is changing the way we approach car insurance. Unlike traditional insurance, which can be costly and doesn't always reflect actual driving habits, PAYD offers a more personalised and affordable option. It uses technology to monitor your driving and adjust your insurance costs based on your driving behaviour.
If your four wheeler insurance policy expires, you become prone to legal as well as financial risks. Here are the reasons you need to renew your private car insurance policy.
Driving without valid insurance can result in fines and legal trouble. Renewing your policy helps you stay compliant with the law and avoid penalties.
An expired policy means no coverage for your vehicle. If you experience damage or theft, you’ll be responsible for all costs out of pocket.
Letting your policy lapse can make renewal more complicated, potentially requiring extra steps like a vehicle inspection, which can delay the process.
Renewing on time helps you keep your No Claim Bonus (NCB), which can significantly reduce your premium. Missing the renewal deadline might result in losing this valuable discount.
An expired policy may lead to higher premiums, especially if an inspection reveals issues with your vehicle. Keeping your policy active helps you avoid potential price hikes.
Every car insurance policy must be renewed to enjoy continuous insurance benefits. You can apply for car insurance renewal online as well offline. However, renewing car insurance policy online can give you several advantages. These benefits are:
Follow these steps to file a claim with INSURE24
To successfully file a car insurance claim, you'll need the following documents:
Car insurance policy documents
Copy of your driving licence
Copy of the car's registration certificate (RC)
Signed claim form
Original repair invoice
Fitness certificate (for commercial vehicles)
ID proof of the insured person (e.g., Aadhar card, PAN card)
The cost of renewing a car insurance policy varies based on factors like the type of policy, add-ons, and car modifications. You can compare renewal options online to find the best rate.
Car insurance is required by law in India under the Motor Vehicles Act, 1988. A third-party policy is mandatory, but a comprehensive policy is recommended for full coverage. It protects you, your car, and others, covering risks like theft, fire, and natural disasters.
The cheapest car insurance is the one that offers the most coverage and necessary add-ons at the lowest premium. Since needs vary, what’s cheap for one person might not be ideal for another. Check various options to find the best deal for your situation.
Visit a comparison website like INURE24, enter your car details such as registration number and model, and review the available insurance plans and premiums.
You can download a duplicate copy of your car insurance policy from the insurance company’s website. If you purchased the policy through INURE24, log in to your account to download it.
Your policy number is listed on the first page of your policy document or insurance certificate. You can also contact your insurance company for this information.
Zero Depreciation Add-on, also known as Nil Depreciation or Bumper to Bumper Cover, ensures that depreciation is not deducted from the replacement cost of your car’s parts, except for tyres and batteries. This add-on helps you get full value for replacement parts.
Typically, there is no limit on the number of claims you can make per year. However, making a claim might affect your No Claim Bonus. Check your policy details for any specific limits.
Bumper to Bumper Car Insurance, or Zero Depreciation Policy, includes a comprehensive coverage with the Zero Depreciation add-on. This policy ensures that depreciation is not deducted from your claims.
If you find a mistake in your policy document, contact your insurance company immediately. Provide any requested information or documents for correction. The insurer will then issue a new policy document or endorsement letter.
To renew your expired car insurance online, visit a site like INSURE24, enter your expired policy number, choose a suitable policy, and pay the premium. You will receive your renewed policy via email.
Standard car insurance policies do not cover passengers. To protect passengers, you can add a passenger cover to your policy for an additional premium.
Yes, under the Motor Vehicles Act, 1988, it is mandatory for every car owner to have at least a third-party liability insurance policy before using their vehicle on Indian roads.
Driving without valid car insurance can result in a fine of ₹2,000 and a potential three-month jail term. For a second offence, the fine increases to ₹4,000, along with a three-month jail term.
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