Buy Car Insurance Online for Hassle-Free Vehicle Ownership
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Buy Car Insurance Online for Hassle-Free Vehicle Ownership

When buying car insurance online, it's handy to be well-informed in order to pick the policy that's best suited to your car needs.

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The key is to find a plan with an affordable premium and maximum coverage. Insurance protects you and your car against unforeseen circumstances. Whether it’s natural/man-made disasters, theft, or a road accident, being prepared is of paramount importance.

When applying for car insurance online, pick a coverage plan you need. Third-Party Liability Coverage compensates third-party injuries and their property damages but it doesn’t protect you or your car. Insurance Regulatory & Development Authority of India (IRDA) revises premium and coverage rates annually. Current third-party premium rates that apply are as follows: Engine capacity less than 1,000cc at Rs. 2,055, above 1,000cc but less than 1,500cc at Rs. 3,132, and more than 1,500cc at Rs. 8,630. Damage compensation is up to Rs. 7.5 lakh. For injury/death, the court tribunal makes a final decision.

Comprehensive car insurance covers loss/damage to you and your car, and protects against third-party liabilities. It provides financial protection from loss due to an accident, theft and natural disaster through third-party, and own-damage (OD) premium. OD premium varies depending on vehicle make-model, age of car, engine capacity, and geographical area. Third-party liability and comprehensive plans offer a personal accident cover for owner-driver.

When searching for car insurance online, be on the lookout for a guarantee of cashless garages where you’re only required to pay any excess towards depreciation of replaced vehicle parts. Settle on helpful claim assistance so you have proper guidance when filing a claim. Always have the option of add-on covers so you can modify the policy as per your requirement.

Hydrostatic lock cover offers coverage of repair or replacement of engine parts due to water/flood if your vehicle is less than 5 years old. No Claim Bonus (NCB) Protector helps retain 50% NCB discount even after a claim.

Zero Depreciation cover does away with the need to pay depreciation on expenses of repaired/replaced plastic, fibre, rubber and glass parts. Roadside Assistance helps with flat tyres, road repairs, emergency fuel refilling, and towing facility at any given time.

If you submit a claim under Invoice Price Cover, you get an invoice value of the car along with registration fees, road tax, and insurance. Co-Passenger Cover provides coverage to fellow passengers for Rs. 1 lakh in case of death, permanent or total disability. Key Replacement covers the cost to replace lost or stolen key twice during policy period.

Varied policy coverage also caters to medical expenses, cash for hospital for a period of up to 30 days if hospitalized, coverage for expenses on consumables like oil, nuts, bolts unfit for further use, ambulance charges, and engine and gearbox protection if your car breaks.

When buying car insurance online, it is clearly outlined what your policy covers and what it does not. Protection is offered for road accidents, natural disasters, man-made disasters, personal accident cover for owner-driver, and third-party liability.

Drink and drive, staged accidents, illegal activity (driving on the wrong side, no valid license, underage driving), driving a private vehicle for commercial purpose, expired policy, consequential damages, electrical and mechanical failure, regular wear and tear, and driving outside geographical limits are a strict no-no and claims for any of the above will be rejected.

Always choose the correct Insured Declared Value (IDV), i.e., the market value of your car – as it’s the maximum compensation assured at the time of claim, and it determines the premium amount.

While you can’t step out of a dealership without car insurance, what is important is to Renew Car Insurance policy each year without fail. Of course, you’ll be provided ample reminders to renew the policy. Policy renewal is an easy process that can be completed online. Enter the previous policy number and expiry date, and get started. A seamless digital platform helps Renew Car Insurance in the quickest possible time on any day.

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