Buy/Renew Car Insurance Online Today

What is Car Insurance?

Car Insurance is a contract between the owner of the car and the car insurance provider, to protect you from financial damages caused by certain incidents like loss or damage due to personal accident cover, theft of the car, natural disaster, fire or man-made, roadside assistance, and third-party liabilities, etc.

As a car owner, you need to have the right car insurance policy. Buying a car is one thing and maintaining it is completely different. The Government of India has made it mandatory for all car owners to have a car insurance online policy.

The roads are some of the most uncertain places, where negligence, ignorance, carelessness, or just bad luck can bring about a lot of consequences to you and your car. Moreover, every Loss or damage to car money is involved in every stage of the car's recovery and safety.

Why Car Insurance is Important?

Car insurance is important in India because it is a legal requirement. It also protects the car from any damages that may occur to it, while you are driving. The car owner of the car needs to purchase a car insurance policy to drive the car on Indian roads. There are two types of policies available: Third Party Insurance and Comprehensive Insurance.

How to Buy Car Insurance Online?

Buying car insurance online is a concern, what you see is what you get. One of the best benefits of buying car insurance online is that you can validate your premiums with different car insurance companies.

Car insurance can be purchased online from the PolicyBachat portal in two easy steps. At PolicyBachat we cater unbiased comparison of quotes, 24*7 customer assistance team your motive is to give our customers the right quotes with compare car insurance rates online.

• Go to compare car insurance quotes online at PolicyBachat.com
• Fill in the required details select your Car Model & Variant, RTO Location, Registration date, and Email address.
• Click on the “START SAVING MONEY”.
• Choose between a Third-Party Liability Only and a Standard Package (Comprehensive Insurance).
• Premiums with different insurance companies are displayed with low premiums
• Select required Add-ons/Riders and discounts, or you can Edit Policy Details as per your requirement
• After that fill in the ‘vehicle owner details and personal details.
• Purchase best Car Insurance Policy using online payment
• If any queries are raised call: 1800–123–4003.

You can explore your insurance provider's what they provide and Review Our Portal to look at how we assist our customer's needs through car insurance policy covers. PolicyBachat leads you to choose the best car insurance policy needs.

• Comprehensive coverage: This Comprehensive coverage includes cover against damages to your car or damages to a third party person/ property. And if this is not enough it can be customized with your choice of add-on covers, giving you coverage as per your requirement in a cost-effective way. While you secure your car with comprehensive car insurance online in a matter of minutes.
• Third-party Liability Cover: This coverage only protects you against liabilities arising from damage, injury, or loss to a third party person or property. As established in the Motor Vehicles Act 1987, this is a mandatory cover approved by the government and it is a punishable offense to not have a valid third-party liabilities cover.
• Stand Alone Own Damage cover: If your car already has third-party coverage? Well, then the stand-alone own damage cover is the perfect missing cover that helps you against financial losses arising to the car owner due to damage to the car.
• Coverage for Popular Car Brands: Bought a newly brand car? Then this cover offers 1-year coverage against damage to your car along with a 3 year cover against damages to a third party person/ property.
• No Claim Bonus (NCB): No Claim Bonus can be gathered together as a discount on the premium amount over years. NCB discount ranges from 20% to 50% on the own damage premium. No Claim Bonus (NCB) can be claimed even if someone changes its vehicle, as it is transferable to the new vehicle bought by the policyholder.

Types of Car Insurance Plans in India:

1. Comprehensive Car Insurance: Comprehensive plans have two components third party cover and own-damage cover. It covers:-

• Own damage
• IDV customization
• Third Party Liability
• Natural Calamities
• Personal Accident Cover of Rs. 15 lacs
• Choice of Add-ons.

2. Own Damage Car Insurance: Own damage policy provides coverage to the policyholder in case their car sustains any kind of damage. The third-party insurance does not cover your damage so you have to purchase it separately.

• Own damage
• IDV customization
• Natural Calamities
• Personal Accident Cover of Rs. 15 lacs
• Choice of Add-ons.

3. Third Party Car Insurance: Third-Party car insurance policy is a mandatory requirement for driving a car in India. It is the most basic car insurance plan and is thus also called Liability Only Car Insurance Policy.

• Death/bodily injury to a third party
• Damage to third party property
• Personal accident cover
• Damage to third party vehicle.

Compare Different Car Insurance Plans Online:

How to Choose Car Insurance Policies Online?

You can choose ideal car insurance online plan by following some points given below:

1. Select the Type of Plan - Assess your car insurance needs and finalize the type of policy you need. Choose a third party cover or comprehensive cover based on your requirements.

2. Compare Policies - You should compare different car insurance plans online. The comparison makes it easier to pick the best car insurance plan as per your budget and needs.

3. Check for IDV and Premium - The IDV refers to the current value of your car in the market and the amount that an insurer can maximum pay you in case of total loss or car damage beyond repair. A higher IDV can give you extended coverage but it increases the premium as well. So, check for the amount of IDV and select the one which you can afford and require.

4. Ask for Add-on Covers - Add-on covers expand the coverage of your policy. You can buy it by paying an additional premium. You should inquire about the add-ons and choose the one which suits your needs the best. However, you can have these covers only with the comprehensive insurance plan.

5. Look for the Claim Process - Look for an insurance company that has a simple and swift claim process. To confirm the quality of the claim process of insurers, you can check their Claim Settlement Ratio (CSR) before finalizing. It refers to the percentage of claims settled by the insurer in a year. It is better to buy a plan from a company with high CSR.

Benefits of Buying Car Insurance Online:

There are many ways to get car insurance but buying car insurance online has benefits that help customers feel free to purchase it for their needs. Let us see what the benefits of car insurance are online:-

1. Zero Paperwork
2. More Economical and Convenient
3. No more agents
4. Instant Policy Issuance & faster process
5. Quotes Comparison
6. Cost-effective
7. Pay Premium Online
8. Protection against Third-party liabilities
9. Protection against Own Damages
10. Personal Accident Cover
11. Add-on/Riders
12. Cashless Claim facility
13. No Claim Bonus Up to 50%
14. Helps you stay legally complaint
15. Coverage against Theft.

Select Top Companies to get Best Car Insurance Online:

Compare the quotes by different insurance companies while looking for types of car insurance online and pick the one that provides more benefits at a lower price. We provide the best insurance companies including Bajaj Allianz, IFFICO TOKIO, HDFC ERGO, Bharti AXA, and a lot more companies that provide low premiums.

Here are the car insurance premium quotes in Hyderabad for a Hyundai i20, 2017 manufactured, fuel used is petrol, 1200 cubic capacity, 5seater and registered under Telangana(Hyderabad) RTO.

The rates for the other cities in Telangana would be slightly lower than that of Hyderabad due to the other cities being classified under Zone B, while Hyderabad comes under Zone A. Below are the quotes compared with companies along with IDV values with low premiums.

Top Car Insurance Renewal Online Companies in India 2022:

What are the Bonuses Involved in Car Insurance?

Damage to the vehicle: The policyholder can claim against loss due to damage to the vehicle due to accidents.

Third-party damage: Cover against financial liability caused to the third party in case of death or property damage.

Unfortunate damages: Damage to the vehicle in case of unexpected circumstances like theft, fire accident, floods, earthquake, and other natural calamities. In all the mentioned cases policyholders can claim damages or loss of property.

Accidental cover: Coverage to driver and passenger in case of accidental death, coverage limit is mentioned in the policy document.

Factors to Consider while Comparing Car Insurance Online:

Claim Settlement Ratio: Compare the claim settlement ratio of the insurance companies that will help you to settle your claims quickly.

Coverage: Firstly, compare car insurance coverage such as third-party liability covers and comprehensive covers before choosing a car insurance policy.

Car Insurance Premium: This is one of the most significant factors should consider before choosing a car insurance policy. People think insurance policies with lower premiums are the best policies but it is not always a good idea. This is because a lower premium might mean lesser benefits. Compare car insurance premiums with car insurance calculators online.

Network Garages: Comparing car insurance plans will help you get the plan whose network garage is the nearest to your residential area.

Add-on Covers: Different insurance companies offer different types of car insurance add-ons to enhance your coverage. Comparing car insurance policies will help you get the best add-on that suits your needs. Some of the add-on covers are

• Return to Invoice Cover
• Tire protect cover
• Zero Depreciation Cover
• Engine and Gear-protection cover
• Consumable cover
• Breakdown cover
• Passenger cover
• Personal Accident Cover

Check Terms and Conditions: There are certain terms and conditions involved in a car insurance policy. When you compare car insurance online, you can get through exclusions and inclusions of the various car insurance policies. This will help you choose the policy that suits your requirement.

How to Renew Car Insurance Online in India?

Car insurance online can be renewed by visiting the website PolicyBachat first and then selecting a suitable insurance company. It’s worth noting that each insurance company’s renewal process may differ slightly. The following is a step-by-step guide to renewing an insurance policy online:

Step 1: log in to PolicyBachat.

Step 2: Choose a policy that is about to expire or has already expired.

Step 3: Select the coverage you require and click “Renew.”

Step 4: Read the insurance policy’s inclusions and exclusions, as well as the terms and conditions. Also, make sure to read the small print.

Step 5: Pay for the policy and receive it at your registered email address.

Factors that Reduce Car Insurance Online Premiums:

Compare online car insurance is always mandatory but on the other hand, buying the best coverage plans tends to be so expensive that buying them burdens our pocket. Comparing car insurance online keeps on increasing with different factors affecting the premiums which are unavoidable.

Yet there are a few tips that will reduce your car insurance India premiums. Buy cost-effective online car insurance from www.policybachat.com. Want more details on the best car insurance policy in India? Call us on 1800-123-4003 to talk to our insurance experts.

• Review IDV: Reducing premiums will be effective after determining the IDV of your car. If your IDV is higher your car insurance India premium will also be higher. So, buy comparing car insurance online for lower IDV values to reduce your premiums.
• Get Quotes: Compare auto insurance policies is one of the effective methods of reducing car insurance premiums. Get online car insurance or car insurance renewal policies by comparing car insurance quotes and buy insurance online by sorting it to reduce your premiums. Quote your online car insurance policy through www.policybachat.com and call us on 1800-123-4003 to get guided on buying a car insurance policy.
• Leave Insurance Brokers: You might be thinking buying insurance policies from insurance brokers might be useful but remember that this will further increase the burden on your pocket. Insurance brokers will levy some brokerage charges along with your insurance policy. Buying online car insurance is the cost-effective method for buying car insurance in India, car insurance renewal policies.
• Buy your policy for an annum: Your coverage starts immediately after buying your online car insurance policy. Buying yearly car insurance will extend your savings on car insurance in India. However, if you have opted for a six-month car insurance India policy your premium keeps changing.
• Clean credit: It is to be noted that maintaining a better credit record with your insurers will become beneficial as many insurers will rely on your track history in determining your premium for your online car insurance or car insurance renewal policy.
• Stay with the insurer: This is the most general factor that affects your premiums. Buying an online insurance policy and buying a car insurance renewal policy will carry your discount from the insurer to the next insurance policy year.

How to Calculate Car Insurance Online Premiums?

Car insurance prices depend on the following factors. There is no standard list of insurers who provide the lowest car insurance price in India for all types of cars.

Insured Declared Value of the car is its manufacturer’s showroom listed price minus the cost of depreciation. IDV also equals the maximum insured sum.

Your car’s model and make also decide the premium price of the insurance policy.

The more the age of the car, the more will be the car insurance premium price and vice versa.

The cost of availing of add-on covers adds to the car insurance premium cost. The more the add-ons purchased, the higher will be the car insurance policy’s premium price but the more will be the insurance coverage.

The car insurance premium is also affected by the location of the RTO at which the car is registered. Two car insurance policies for the same car and from the same insurer will be different for cars registered in different cities or in different areas of the same city.

{IDV = Cars Showroom Price + Cost Accessories – Depreciation on Car OD = Insured declared value x Car Premium + Benefits – NCB/Discount}

What is the Difference between New Car vs Used Car Insurance Online?

If you opted to buy a new car or a used one, it is a great idea to compare policies online. This way, you will be able to get hold of the most optimum policy that offers maximum coverage at a fixed cost. Also, remember to get sufficient coverage for your vehicle so that you do not end up in a financial crisis in the future. Know the difference between new car insurance policy and used/old car insurance policy benefits and coverages discussed below:-

Difference between First Party and Third Party Car Insurance Online:

Add-ons/Riders of Car Insurance Online:

Difference between Zero depreciation and Comprehensive Car Insurance Online:

IRDAI Approved Car Insurance Companies in India:

How to Claim Car Insurance Online?

In case of an accidental emergency that requires immediate hospitalization, you need to inform your car insurance provider instantly. Here is a step-by-step guide to filing a car insurance claim online:

• The first step is to keep track of all the relevant information and the surrounding environment
• Record the time and date of the accident
• Contact details of the person involved, driving license, and car number details
• Take assistance from the traffic police
• In case of injury to a third party, admit the individual to a nearby hospital
• Get your four wheeler insurance policy details
• Contact the local police and file an FIR
• Intimate the claim to your respective insurer
• Submit the relevant documents/information to the insurer
• Estimate the loss and cost of repair
• Your car will be subject to inspection by the surveyor
• Based on the final decision of the surveyor, the claim will be settled accordingly.

Documents Required for Car Insurance Claims:

• Duly signed and filled claim form
• Insurance Policy Document
• Car’s Registration Certificate (RC)
• Driver’s license (DL)
• Pollution Under Control (PUC) Certificate
• Original receipt/bills of repairs (in case of reimbursement claim)
• FIR (in case of fatal injuries/accidents or third party liabilities)
• A copy of PAN Card (if the claim amount is more than Rs. 1 lakh).
• Duly signed Satisfaction Voucher (SV) or Discharge Voucher (DV)

• Death certificate
• Post-mortem report
• Medical certificate
• FIR report
• Medicine bills.

How to Renew Expiry Date of Car Insurance Online?

There is a concept of Grace period in every car insurance policy. If you are unable to pay the premium before the expiry date, then the insurance company would give you a grace period of a maximum of 30 days to pay the car insurance renewal premium.

If the premium is paid before the grace period the policy would be in force and all the conditions satisfied under the policy would remain intact. If you do not pay the renewal premium after the expiry of the grace period, the policy would lapse or voluntary deductible, and all the bonuses collected would be expired.

How to Pay Car Insurance Online?

It is known easy to pay Car Insurance Online the claim amount or claim process with net banking, debit, or credit cards; you can pay in your comfort of home. Make sure with fraudsters after completion of buying car insurance our customer service will support you to the further needs. Please verify our portal and get the customer care number talk to our agent if any queries.

How to Check Car Insurance Online?

Whenever you purchase an insurance policy, it will be automatically linked with the registration number of the vehicle. That is why you need a separate policy for every car you own. The linking helps conduct a vehicle insurance status check online by using the registration details. If you are wondering how to check car insurance, know more.

1. Check your car insurance policy document
2. Call the insurance companies
3. Contact your insurance agent and ask the expiry date if you had purchased the policy through him/her customer support and ask them the expiry date
4. Go to the website of the Insurance Information Bureau (IIB) of India and check your policy status
5. Check the official website of the Ministry of Road Transport and Highways, VAHAN. You just need to provide the registration number of the vehicle and check the status
6. Visit regulator IRDAI’s database, which is the official website of the Insurance Information Bureau, and follow the steps mentioned there to verify the status.
7. Visit the official website of the Regional Transport Office (RTO) and provide the registration number of the vehicle to check your status of insurance
8. You can also visit the State Transport Department’s website and check the status.

I.) Check Car Insurance Policy Status via MParivahan SEWA Online

II.) Check Car Insurance Policy Status Online via IIB Online

III.) Check Car Insurance Policy Status Online via QR Code

IV.) Checking Car Insurance Policy Status Offline via Contacting Regional Transport Office

Conclusion:

Now days, you don’t have to go to the nearest branch office for buying car insurance policy. You can protect your car, and your damages from the comfort of your couch.

With online insurance, you can finish the buying process anytime from your desktop, mobile etc.

Some Insurance companies allow you even to upload your all documents thus eliminating any paper work. They also provide policy tracker to keep you updated on policy issuance status.

Online aggregator websites like PolicyBachat provide the customer with side by side, unbiased comparison of policies given by different insurers.

Not only can you compare the features and prices of different insurers but also analyse the advantages and disadvantages of buying car insurance online. Thereafter, you can buy insurance from your preferred insurer.