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Buy best cheap full coverage auto insurance quotes online 2021

Car Insurance

Car insurance

Car insurance is a vehicle insurance policy that protects the insured car and the car owners from any risk and damage that may lead to financial loss. A car insurance policy is a contract between the insurer and the car owner that provides protection on the road against any financial loss or damage caused by a car accident, third party liabilities, theft, man-made calamities, fire or natural calamity.


What is a Car Insurance Policy?

A car insurance policy, also known as auto or motor insurance, protects you and your car against any damage caused by car accidents, theft, or other damage to the insured vehicle or third party person or property. Provides financial security.


Types of Car Insurance Policies in India

Car insurance is the primary financial protection that a car owner should have. Despite the obligation by law to purchase an auto insurance policy, a car insurance policy is necessary to get adequate insurance protection for your car. There are three basic types of car insurance policies available in India:

1. Third Party Car Insurance

A third-party liability car insurance policy protects the car insurance owner from any kind of legal liabilities that arise due to the insured car being involved in an accident. Under this policy, the insurer indemnifies any third party for disability, injury, death or loss of property. In this way, a policyholder is protected from financial liability towards third parties.


2. Comprehensive Car Insurance

A comprehensive insurance policy provides coverage for third party liability as well as damages caused to your own car. As compared to third party liability insurance, a comprehensive car insurance policy offers comprehensive coverage, more benefits and cover for damages to the insured car in case of accident, collision, theft, etc.

This can be extended further by opting for add-ons like accessories cover, engine protector, zero depreciation cover, medical expenses etc. This type of coverage is most popular as it provides end-to-end coverage and thus less stress for the policyholder.


3. Pay when you run insurance

Pay-as-you-drive insurance is also known as use-based vehicle insurance. It allows the policyholder to pay the premium of insurance according to the kilometers driven by the insured car. This will be useful for people who have multiple cars and therefore don't use each of them very often. Currently, there are only a few insurers who are offering this policy. It provides comprehensive coverage for own damages and third-party liability coverage is provided on a pilot basis for a period of one year.



Buy/Renew Car Insurance Online

Buying a car insurance policy is mandatory for all cars in India as per the Motor Vehicles Act 1988. Car insurance companies cover the loss or damage caused to third parties by the insured car and the insured four wheeler. Some of the reasons to buy a new car insurance policy in India are as follows:

* It pays for damage to the car as a result of collision, accident, death or natural calamities, which would otherwise be required to be paid by the insured

* It pays for hospitalization expenses in case of an accident

* It minimizes financial and legal losses that may arise from liability or damages of a third party

* Expenses further reduced with rider benefits like roadside assistance, zero depreciation

Also, your car insurance premium amount is decided on the basis of the Insured Declared Value or IDV of the vehicle. If you are increase the IDV, the premium increases and if you decrease it, the premium is decreases.

It is important for any of the policyholder to compare car insurance plans before you buying a 4-wheeler insurance renewal or new policy. Compare various car insurance plans online at the Policybazaar and buy the one that meets your expectations hassle-free:

* Get the best car insurance policies from top car insurers

* Quick and easy online car insurance renewal process

*Comprehensive coverage for four wheelers

* A wide range of add-on covers for better protection



Best Car Insurance Plans in India 2021

The following table shows the complete list of the best car insurance policy in India with their personal accident cover and the number of network garages offered by the car insurers:

HDFC Car Insurance

Bajaj Allianz Car Insurance

Bharti AXA Car Insurance

Chola MS Car Insurance

Digit Car Insurance

Edelweiss Car Insurance

Future Generali Car Insurance

IFFCO Tokio Car Insurance

Kotak Mahindra Car Insurance

Liberty Car Insurance

National Car Insurance

New India Assurance Car Insurance

Oriental Car Insurance

Raheja QBE Car Insurance

Reliance Car Insurance

Royal Sundaram Car Insurance

SBI Car Insurance

Shriram Car Insurance

Tata AIG Car Insurance

United India Car Insurance

Universal Sompo Car Insurance



What is covered in a car insurance policy?

Four wheeler insurance policy covers the following:

* Loss or damage to the insured vehicle.

* Loss or damage to your vehicle due to accident, theft, fire, explosion, self-ignition, lightning, riot, strike or acts of terrorism, natural calamities.

*Financial liability due to injury/death or damage to property of a third party.

* Personal accident insurance cover.



What is NOT covered in a car insurance policy?

The following features are generally not covered in a 4-wheeler insurance policy:

* Loss or damage if any policy is not in force.

* Gradual breakdown of the car and its parts.

* Loss or damage to the vehicle caused by a person driving a vehicle without a valid driving license.

* Loss or damage to the vehicle while intoxicated with drugs, alcohol etc.

* Damage or damage to the engine as a result of an oil leak.

* Loss or damage to the vehicle as a result of misuse of the car manufacturer's guidelines.



How to Renew Car Insurance Online?

It is mandatory to renew your car insurance to avail the policy benefits without break. Therefore, you should make sure your car insurance expires before it expires. Follow the steps given below for online car insurance renewal.

*Go to the Renewal section.

* Enter the required details on the page, such as your policy number, mobile number, date of birth, etc. and submit them

* Select the four wheeler insurance plan you wish to buy

* Select the riders or add-on covers you wish to buy or discard (if any)

* The premium amount you need to pay will be shown on the page

* Pay Insurance Premium Online with the help of Credit Card, Debit Card or Net Banking

*Once the payment is completed, your car insurance policy will be renewed

You will receive the policy document for your renewed car insurance on your registered email id. You can also download a copy of the policy document and take a printout of the same whenever you want.



How to file car insurance claim online?

All car owners, at one point or another, need to file an insurance claim for a certain loss or damage. To avoid any confusion while filing a four wheeler insurance claim, here are some points that you need to consider:

* Make sure you have the following information ready at the time of intimation of claim

*Accident time and date

* Contact details along with driver's name and driving license details

*Four wheeler insurance policy number

*Estimated loss

* Brief description of the event

*Survey space to support the investigation process

*Insured Contact Details

* Claim information should be provided at the customer support desk. They will take you through the claim process

*After you inform, the customer support team of the insurer will provide you the claim reference number

* On claim registration, a surveyor will be appointed for your case

* You will receive a text confirmation notification with details of the loss assessor

* You can coordinate with the surveyor for a suitable time and he will do the survey as per your convenience

* There are certain documents that you need to provide to the appraiser, such as the type of vehicle and the severity of the damage

* You must also inform the claim processing team of the need for settling your loss claim

* Re-coordinate with the surveyor if re-inspection of the vehicle is advised by him.

* Claim settlement will be done on the basis of survey



How to Compare Online Car Insurance Quotes in Policybazaar?

On PolicyBazaar, you have to fill some simple details like make, model, variant, year of manufacture etc of the car. You will then find car insurance prices from various insurance providers. This way you will get customized quotes, which save money on premium and also best suits your needs.

You should be familiar with the following terms while filling the form:

1.Car make, model and variant

This information is important for computing the base premium. A luxurious, powerful and expensive car will attract more premium. For example, the premium for an SUV car will always be higher than that of a family car.

2. Year of Production

The manufacture year of your car lets the insurance company calculate its Insured Declared Value (IDV) which allows the underwriter to determine the annual premium for your car.

3. CNG fitted car

Being more sensitive to combustion, a CNG fitted car is usually insured at a slightly higher premium than an ordinary petrol/diesel car.

4. Extra cover

You need to mention whether you want to take cover on electrical and non-electrical accessories installed in your car or not. Most insurers offer a cover for your car accessories at an additional premium of 4% on its value.


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