Tag: Renew

Compare & Renew Car Insurance Policies Online in India

Q. Is owning a car insurance policy mandatory?

Yes. According to prevalent motor vehicles laws in India, every vehicle plying on Indian roads must be insured.

Q. Is it possible to purchase car insurance online?

Yes. Infact, the option to buy car insurance online is often highlighted by most compliant insurers as a surefire means to stay covered 24×7 and never run out of the applicable coverage.

Q. How do insurers calculate the applicable car insurance premiums?

When deciding upon the applicable premium amount, many factors are at play. Different companies charge different rates, based on differing criterias, when it comes to own damage cover. Also, deductibles and the IDV factor play a part when the premium amounts are decided upon. Shop around, and find a policy that best matches your requirements- ideally, avoiding a scenario wherein the premium might be less but the deductibles are high and the coverage

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Compare & Renew Car Insurance Online

Car insurance, also known as motor or vehicle insurance is insurance for cars, trucks, cabs, and other four wheeler plus vehicles. The primary purpose of car insurance is to provide financial protection against physical damage arising from road accidents and against liability resulting from incidents involving third party vehicles/property/person.

Importance of Car Insurance in India

Car Insurance is created to protect you from unexpected and unlikely events. Here are some scenarios where a four wheeler insurance can act as a life saver.

Let’s say you own a 1-year-old standard hatchback with an Insured Declared Value (IDV) of Rs. 4,00,000, but sadly, don’t have four-wheeler insurance. Following are the approximate expenses that you might incur if your car was to meet with an accident:

Damages Expenses
Frontal Damages Rs. 25,000
Windshield Damages Rs. 6,000
Bumper Damages Rs. 5,000
Bonnet Rs. 6,000
Fender Rs. 5,000
Headlight Rs. 3,000
Total Rs. 50,000

In

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