Buy Car Insurance Online

Buy Car Insurance online Car comprehensive insurance, also known as full auto insurance, saves you money if your car is damaged in an accident or natural disaster. It also protects your vehicle against theft and break-ins. Sometimes you can injure others or damage property in an accident. Car insurance also covers such third-party liabilities. If you own a car in India, third party car insurance is a must for you.

Therefore, it is very important to buy and renew your insurance on time to stay on the right side of the law and protect yourself from car damage. With an affordable fee, our reliable car insurance protects you against all these risks so you can drive worry-free. In addition to comprehensive car insurance, only third party damage and own damage only insurance is available. You can choose the type of insurance according to your needs.

Table of Contents

Buy Car Insurance online

Car insurance provides financial protection to policyholders against accidents, theft, total loss, natural calamities, man-made disasters, fire, and third-party death or property damage. A car insurance policy is mandatory in India for all four-wheelers as per the Motor Vehicles Act, of 1988.

Car insurance, also known as vehicle insurance or motor insurance, provides financial protection to you & your four-wheeler against any loss or damages resulting from accidents, theft, fire, calamities and third-party person or property. Major types of motor insurance covers include Third-Party car insurance, Standalone Own-Damage (OD) car insurance, and Comprehensive car insurance.

The insured can also buy a Personal Accident Cover to cover under both third-party liabilities cover and own-damage cover. Ensure that you are the registered owner of the car and hold a valid driving license to avail the coverage of Rs. 15 lakh.

Types of Car Insurance Policies

Third-party automobile insurance, comprehensive insurance, and stand-alone insurance are the three categories of auto insurance policies that general insurance firms in India offer. You can select a car insurance policy based on your needs and financial constraints.

Third-Party Car Insurance

All car owners must have a third-party or liability-only policy in order to operate a vehicle on Indian roads. Up to Rs 7.5 lakh in compensation is offered for property damage, bodily injury to a third party, and other losses. However, it does not pay for harm done to the insured vehicle. Consequently, purchasing a comprehensive or standalone auto policy is advised.

Comprehensive Car Insurance

Both third-party liabilities and own damages are covered by a comprehensive auto insurance policy. The insured individual may use cashless repair services at the network garages under this plan. Additionally, for a small additional cost, the policyholder can add riders or add-on features to their insurance, such as coverage for roadside assistance or zero depreciation.

Standalone Own Damage

Accidental damages to the insured car are financially covered by a stand-alone own damage car policy. With an active third-party insurance policy, you can buy it. According to the Motor Vehicles Act, all car owners in India are required to carry third-party liability insurance at the very least. However, having stand-alone insurance provides financial assistance in the event that the insured car sustains own damage as well as third-party liabilities.

Coverage Under Car Insurance Policy

Inclusion
Exclusion

Damages caused to the insured vehicle due to manmade acts like riots, strikes, terrorist acts etc.
Any third party damage like third party death, disability and property damage are covered
Losses arising out of theft, housebreaking or burglary of the insured car
Damages sustained by the insured car due to natural acts like earthquakes, hurricanes, cyclones, etc.
Damages caused to the insured car while it was in-transit via railways, roads, waterways etc.

Damages caused to the insured car when the driver was driving under the influence of alcohol or drugs
Damages to the insured vehicle when the driver was not carrying a valid driving license
Damages arising out of commercial uses of a private vehicle are also excluded.
Losses arising out of any contractual liability of the owner/driver
Any claim cannot be raised if your existing four-wheeler policy has lapsed
Mechanical or electrical failure of the insured vehicle
Any damage arising out of the specified geographical limits are also excluded from policy coverage
Damages to engine, tyres and tubes of the insured vehicle are also not covered.

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Add-On Covers in Car Insurance Policy

Motor insurance add-ons are extra protections that can be utilized to extend the coverage of your current plan. These add-ons are available for purchase for an additional price. Here are a few of the extra insurance options available for automobiles: No Claim Bonus Protection, Zero Depreciation, Engine Protection, Key Protection, etc.

Let’s get into greater detail about Car Insurance Add-Ons:

No Claim Bonus Protection Cover

The policyholder receives a discount on the renewal premium for each year without a claim. The name of this discount is No Claim Bonus (NCB). It builds up over time and gets bigger every year. It often falls between 10% and 50% and can result in significant cost savings on the auto insurance premium you must pay.

Engine Protection Cover

One of a car’s most crucial components, the engine, is not protected by a comprehensive plan. You can be reimbursed for the cost of repairing any indirect engine damages brought on by lubricating oil leaks and water intrusion if you have an engine protection cover. It covers the components for the differential, engine, and gearbox.

Pay as You Drive Cover

With a comprehensive car insurance coverage, a Pay as you drive car insurance plan is an additional protection option. By purchasing this add-on, a policyholder can reduce their own damage premium based on the number of miles they drive during the course of the policy year. Few insurance companies now provide this add-on with a comprehensive auto policy. For auto owners who don’t drive their vehicles much or have multiple vehicles, this add-on is particularly helpful.

Zero Depreciation Cover

Even the declining worth of your car is made up for by this extra function. You won’t be responsible for paying for the pieces of your car that have depreciated in value thanks to this function. It is generally valid for personal vehicles and has a cap on the number of claims that can be made during the policy period. Despite having no depreciation coverage, mandatory and optional deductibles (where appropriate) will still apply.

Consumables Cover

Unexpected costs can occasionally wipe out all of your money. All costs associated with purchasing consumables for any dangers covered by the policy are included in the Consumables Coverage. Consumables such as screws, nuts and bolts, washers, air conditioning gas, grease, lubricants, bearings, clips, engine oil, distilled water, oil filter, brake oil, and fuel filter are mainly covered.

Key Protection Cover

Everybody has lost or forgotten their car keys at some point in their lives. When this occurs, the insurance provider can assist by paying the costs associated with replacing and repairing your car keys under the key protection plan.

Daily Allowance Benefit

When your car needs to be repaired after an accident and is parked in the garage, daily allowance add-on protection comes to the rescue. If the damaged car needs to be kept in the garage for more than three days, the insurer will give you a daily travel allowance if you have this add-on policy.

Personal Accident Cover

A comprehensive auto policy covers coverage for both third-party liability and personal injury. With personal accident insurance, you are protected against both accidental death and total and irreversible disability. Additionally, one may acquire this coverage for additional co-passengers, even anonymously, up to the vehicle’s full seating capacity. Even in this instance, the amount of coverage is predetermined.

Roadside Assistance Cover

If you get stranded within the policy-specified distance anywhere in the nation, the insurance provider will send a mechanic to your location to repair any damage to your automobile in addition to offering you roadside help. Your NCB remains unchanged because roadside assistance coverage is not considered a claim.

Return To Invoice Cover

If your automobile is stolen or suffers damage that cannot be repaired, which is referred to as a total loss, then the insurer is required to give coverage in accordance with the invoice amount that you paid when you bought the car under the Return to Invoice Add-On Cover. This price includes first-time registration fees, road tax, and ex-showroom pricing.

Personal Possession Cover

With personal possession add-on cover, you get the coverage in case your personal possessions get damaged in an unfortunate car accident or get stolen from the car when it is parked in authorised parking, There is a limit on a coverage amount that varies from insurer to insurer.

Tyre Protection Cover

A comprehensive plan does not provide coverage in case the tyres of the car get damaged. Thus, a tyre protection cover can be purchased to cover any damages sustained by your car’s tyres and tubes.

Driver and Passenger Cover

Under this add-on, you get coverage in case any of the drivers or passengers get injured in the accident. The insurer will provide financial aid for the medical expenses.

How to Calculate Car Insurance Premium

Car insurance price is decided based on several factors. It is also easy to find out the four wheeler insurance premium using an online car insurance calculator. However, the insurance provider takes into consideration the following parameters before fixing the car insurance price:

Type of Cover – The standard premium of your car policy is decided based on the type of coverage you opt for your four-wheeler. Basically third party insurance carries the lowest premium as it only covers third party damages. The premium becomes higher if you add own damages cover to it or purchase comprehensive four-wheeler insurance.
Personal Accident Cover – Personal accident cover is provided in both third-party and comprehensive car insurance policies. The coverage limit is upto Rs. 15 lakh and it can be purchased by paying a nominal extra premium.
Insured Declared Value – IDV, which is the current market value of the car. It is the maximum amount for which the policyholder can raise a claim during the policy term. The higher the car’s value means higher IDV and vice versa.

Make & Model – The make and model of the car you want to get insured plays a significant role in deciding the premium. Insuring a higher-end car model would be costlier than insuring a base model of the same car. The reason being the higher cost of repair or replacement of their parts
Fuel Type – Repairing a diesel or CNG car is an expensive affair than repairing petrol cars. Therefore, insuring a petrol car will cost less in comparison with the other fuel-types like CNG, LPG, and EV.
Location – The geographical location of the insured car also impacts the final cost of policy premium. Usually, the premium is higher in metropolitan cities as it has denser traffic, and also considering the higher probability of accidental damages on the city roads.
Year of Manufacture – The manufacturing year of the insured vehicle is also taken into consideration when deciding the car insurance premiums. Usually, insuring newly launched vehicles can be expensive since their spare parts might not be available in the market.
Add-on Covers – Enhancing the policy coverage with a car add-on cover or a rider benefit like roadside assistance, zero depreciation will increase the premium. However, it can be purchased only with a comprehensive car insurance plan. Therefore, buying add-on covers will increase the premium.
Claim History – If the policyholder has not filed any claims during the policy term, the insurer provides the benefit of a No Claim Bonus on their own-damage premium which results in a reduced premium.

Best Car Insurance Companies in India 2022-23

The complete list of the top auto insurance providers in India is presented in the following table, together with information on their claim experience rate and the number of network garages they provide:

Car Insurers	Network Garages	Claim Settlement Ratio
Bajaj Allianz Car Insurance	4000	98.5%	View Plan
Bharti AXA Car Insurance	5200	N/A	View Plan
Chola MS Car Insurance	4636	96%	View Plan
Digit Car Insurance	Repair Anywhere	96%	View Plan
Zuno Car Insurance	1500	98%	View Plan
Future Generali Car Insurance	3500	96.3%	View Plan
IFFCO Tokio Car Insurance	4300	95.8%	View Plan
Kotak Mahindra Car Insurance	2327	98%	View Plan
Liberty Car Insurance	4500	98%	View Plan
National Car Insurance	3100	93%	View Plan
New India Assurance Car Insurance	3000	90%	View Plan
Oriental Car Insurance	3100	94%	View Plan
Raheja QBE Car Insurance	1000	92%	View Plan
Reliance Car Insurance	8200	98%	View Plan
Royal Sundaram Car Insurance	3300	98.6%	View Plan
SBI Car Insurance	16000	100%	View Plan
Shriram Car Insurance	2000	96%	View Plan
Tata AIG Car Insurance	7500	N/A	View Plan
United India Car Insurance	3100	95%	View Plan
Universal Sompo Car Insurance	3500	96%	View Plan

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Benefits of Buying Car Insurance Online

Buying car insurance online is a common practice today. By purchasing a 4-wheeler insurance policy online, you can insure your car against any damage due to an accident, theft, fire etc. within 2 minutes. Offering quick comparisons and safe payment modes, online buy has a clear win over offline mode because of the following reasons-

Categories	Buying Car Insurance Online	Buying Car Insurance Offline
Buying Process	Can be purchased online from the insurer’s official website or Policybazaar.com using a smartphone or laptop.	Requires physical visit to the insurer’s office or by connecting with the agent
Insurance Premium	Lower premiums due to the absence of intermediaries.	Higher premiums due to higher operational costs and involvement of agents.
Convenience	More convenient as it only requires a smartphone and a good internet connection.	Less convenient as customers need to meet with the insurance agent.
Transparency	More transparent as there is no role of an agent or intermediary.	There is less transparency as agents play a big role.
Customer Support	Easy to connect with the customer support team 24×7 via emails and calls.	Policyholders can connect with the customer support team or the agent during office hours.
Paperwork	Minimum to zero paperwork.	May require a lot of paperwork.
Renewal Process	Easy to renew as the policyholder’s details are auto-saved with the insurer	The renewal process is cumbersome and takes time.