What is car insurance and how to Get it done Complete information

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Friends, you take special care that no harm is done to your shining car. But still, there are very few people who know about the importance of car insurance and the facilities it provides.

If you have a car or are planning to buy a car in the future! So with Car Insurance and Car Insurance for you
It becomes very important to know all the facilities available, so in this article, we will tell you about Car Insurance.
I will try to give complete details. So, Kindly read the full article.

What is Car Insurance?

car insurance

Car insurance is insurance coverage that helps you to compensate for the damage caused to your car in case of car theft, accident, or any other kind of incident.

Therefore, it becomes mandatory for a person who has a car to have insurance in India, car insurance is also called motor insurance. If there is any damage to your car in the event of car theft, accident or flood storm, etc., then this motor insurance provides coverage for that loss to you and your car.

Benefits of Car Insurance

Car insurance offers many benefits which make it useful for car owners in India. Some of these benefits are as follows

  • Coverage against any loss or damage caused to the insured car
  • Coverage against loss or damage caused by accident, arson, theft, self-burning, explosion, lightning, riots, terrorist activities or natural calamities
  • Personal Accident Coverage
  • Coverage against pecuniary liability of any third party due to injury or death or damage to property

How to save on Car Insurance Premium?

  1. Choose the right IDV
    Low IDV demands low premium payment.

2. Avail NO Claim Bonus
For each consecutive premium-free year you are rewarded with a bonus of up to 50% on your premium for your responsible driving skill.

3. install safety equipment
Anti Theft Device approved by the Automotive Research Association of India can get you a discount of up to 2.5% on your car insurance premium.

How to get online car insurance?

You have two ways to buy car insurance online.

  • Via Bima Company’s website
  • Via Aggregate Company

Car insurance through the website of the insurance company

Nowadays almost all insurance companies have started making their products available online. Some of the names and websites of India’s leading insurance companies that insure cars are given below-

  • New India Assurance Company Ltd. – www.newindia.co.in
  • United India Insurance Company Limited- uiic.co.in
  • National Insurance Company Limited –nationalinsuranceindia.nic.co.in
  • ICI Lombard – www.icicilombard.com
  • The Oriental Insurance Company Limited-orientalinsurance.org.in
  • Bajaj Allianz – www.bajajallianz.com
  • HDFC Ergo – www.hdfcergo.com
  • Tata AIG – www.tataaig.com
  • Reliance General-www.reliancegeneral.co.in
  • Cholamandalam-www.cholainsurance.com
  • State Bank Car Insurance-www.sbigeneral.in

Car Insurance through Aggregator Companies

An Aggregator Company is a company that does not sell any product of its own to the customer. Instead, she makes others products available through her website. In return for providing this service, she takes her commission.

There are many companies in India that work as Insurance Aggregators. They offer valuation and comparison of products from other insurance companies. The customer chooses from those products according to his need. There is also a link to buy that product on the aggregator itself. Through this link, when someone takes the policy of an insurance company, the aggregator gets a commission.

The names of some companies working as aggregators in the field of auto insurance in India are as follows.

Note – Validation is given to Insurance Aggregators for only 3 years at a time on behalf of the car Insurance Regulatory and Development Authority of India – IRDAI. You can see the list of which insurance aggregators are valid at this time on the website of IRDAI.

Online car insurance buying process

As we mentioned that all the major general insurance companies provide the facility of online insurance on their website. By completing some easy steps, you can buy car insurance in minutes.

Step 1:-
First of all, you have to fill out a form regarding your vehicle. In this, giving information about the type of your vehicle
it occurs. On the basis of this, it is decided how much premium you will have to pay.
Step 2:-
After this, you have to give personal information about yourself like- Name, Address, Dob, etc.
Step 3:-
Now it is the turn of the premium payment of the policy. You can use Debit/Credit Card, Net Banking or
You can pay through UPI.

Benefits of doing car insurance policy online

Quotes from India’s top Insurance Companies can be accessed online from your home in an instant.

Correct policy details
You need to understand the ideal coverage, correct valuation, and possible discount for your car. You also get accurate information about deductions and exclusions. This expedites your buying decision.

Save money
You can save money in the entire process of buying car insurance by comparing policies.

How to take a Car Insurance Claim?

In the event of an accident, if you want to take an insurance claim, then you can get an online claim. Huh. Apart from this, you can get your car repaired for free through the cashless garage facility of the car insurance company.

If your car is out of the company’s garage network, you can still claim compensation from the company, in which the company will fully assist you.


We hope that you liked this article of ours, in this article we have given you What is Car Insurance?, How to get Car Insurance? Information about etc. is given. If you also need any other information related to this, then you can ask in the comment box below. We will try to answer your question. Thank you.

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