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.
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
- 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.