Car Insurance Online From Rs 2,094*

Secure your ride. Protect your car against accidents, theft, and more with car insurance.

What is car insurance?

Car Insurance policy is a contract between the car owner and the insurance company. The owner pays a premium to the insurer in exchange for coverage and compensation in case of accidents or specific events. A four-wheeler insurance policy has been mandated in India by the Motor Vehicles Act of 1988.There are three major types of four-wheeler insurance policies – comprehensive, own damage, and third-party policies. A third-party insurance policy covers damages or injuries caused to a third-person or their property. An own damage policy only covers damages sustained by the insured car. Finally, a comprehensive policy covers both own damage and third-party liabilities.

Car insurance is a crucial financial safeguard for drivers, offering protection in the face of unforeseen accidents or mishaps on the road. Today’s digital age has made buying car insurance online an easy and convenient method for many. You can compare quotes from various providers, customise coverage options, and make secure transactions from the comfort of your home.

Car insurance online provides an efficient platform to explore diverse policies tailored to individual needs and budgets. Embracing the digital realm for car insurance empowers drivers with information and control, ensuring they make informed decisions to safeguard their vehicles and financial well-being.

Why do you need car insurance?

Securing car insurance is a vital step for every car owner, serving as a protective shield in the unpredictable world of roads and highways. Beyond being a legal requirement, four-wheeler insurance policy provides financial security and peace of mind, ensuring that you and your fellow road users are safeguarded in case of unforeseen events. Whether it's a minor fender bender or a major collision, having the right insurance coverage can make all the difference in navigating the aftermath without draining your wallet. Here are some of the key reasons why you should purchase car insurance online:

Legal requirement

Car insurance is a legal obligation in our country, and driving without it can result in penalties, fines, or even legal action.

Financial protection

In the event of an accident, car insurance helps cover repair costs, medical expenses, and property damage, preventing a significant financial burden.

Personal security

Comprehensive coverage provides protection against theft, vandalism, and natural disasters, ensuring your vehicle is safeguarded in various scenarios.

Peace of mind

Knowing that you're covered in case of an accident brings peace of mind, allowing you to focus on the joys of driving without constant worry about potential financial setbacks.

Protecting others

A third-party coverage safeguards you from the financial consequences if you're responsible for injuring someone or damaging their property, fostering a safer and more responsible driving community.

Key features of car insurance policies

Here are some of the key benefits of four-wheeler insurance online policies offered by our insurance partners.

Key features

Benefits

Car insurance premium

Starts at Rs. 2,094 *

Personal accident cover

Up to Rs. 15 lakh*

Third-party damages cover

Car insurance policy covers third-party injuries, vehicle or belongings damages, and personal accidents

Own damage cover

Covers accidents, fire, explosion, theft, and natural calamities

No Claim Bonus

Up to 50%

Cashless garages

6,500+* across India

Add-on covers

Choice of multiple add-on covers

Buying/renewal process

Online

Types of car insurance policies

There are primarily four types of four-wheeler insurance policies, each designed to address the varying needs of the customers and the best coverage they need:

  • Comprehensive insurance

    Comprehensive insurance

    A comprehensive car insurance policy covers the damages caused both to the insured car and the third party. It covers the damages caused due to theft, fire, malicious activity, or a natural calamity or accident. Comprehensive car insurance is your all-in-one safety net on the road. With this policy, your vehicle is shielded from life's unexpected twists, providing peace of mind and comprehensive protection for your precious wheels in any situation. A comprehensive insurance policy is considered as the ideal insurance cover for your car since it offers all-round protection against own and third-party damages. It also offers the option of adding add-on covers.

  • Third-Party Insurance

    Third-Party Insurance

    Third-party car insurance is mandatory in India and covers the damage caused by your car to other people's vehicles and property. However, it will not cover the damages to your car if you are at fault. A third-party car insurance is the essential guardian for responsible drivers. It's a legal necessity that ensures you cruise the roads with confidence and financial responsibility. A third-party car insurance plan is relatively cheaper to afford than a comprehensive cover and it also doesn’t offer the option to buy add-on covers.

  • Own damage insurance

    Own damage insurance

    An own damage car insurance covers you against any accidental damages to your four-wheeler. It offers coverage in case your car is damaged due to natural disasters, like flood or earthquake. It also offers coverage for man-made disasters, such as theft, damages due to riot, etc. You can buy car insurance policy online if you already have an active third-party vehicle insurance policy. This combination will ensure you get complete coverage for your vehicle. If you already have a third-party insurance policy, you can opt for a standalone own damage policy instead of a comprehensive policy. This will help save on premiums without compromising on coverage.

  • Zero dep car insurance

    Zero dep car insurance

    Zero dep or zero depreciation car insurance is a type of insurance policy that guarantees full settlement of the insurance claim without any deduction for depreciation. This four-wheeler insurance policy covers the entire cost of repair and replacement of car parts damaged in an accident without any loss in value. It is especially beneficial for cars that are new or have a high market value. If you wish to get complete coverage for your car while negating the impact of depreciation, a zero depreciation car insurance is ideal.

Difference between third-party, own damage and comprehensive car insurance

Based on your specific needs and circumstances, you can choose any one of comprehensive insurance, third-party insurance, and own damage insurance Here are the major differences between the three:

Features

Comprehensive insurance

Third-party insurance

Own damage insurance

Coverage

Covers both third-party liability and damage to your own vehicle

Only covers third-party liabilities

Only covers the insured (own) vehicle

Premium cost

Higher premiums due to higher coverage

Cheaper than comprehensive insurance plan due to limited coverage

Cheaper than comprehensive insurance but higher than third-party insurance

Add-on cover

Provides additional benefits such as personal accident cover, towing service, roadside assistance, loss of personal baggage, etc

No additional benefits are available in third-party car insurance

Enables plan customisations by adding add-on covers like roadside assistance, engine protection cover, personal accident cover, key replacement cover, etc.

Mandatory requirement

Optional but highly recommended

Compulsory for all car owners in India

Optional, can be bought if you already have a third-party insurance.


A third-party insurance only covers third-party liabilities, while comprehensive insurance provides wider coverage for both third-party liability and loss or damage to your own vehicle. And in case you already have a third-party insurance in place and would like to get coverage for your own vehicle, you may consider buying an own damage insurance.

Key inclusions and exclusions of car insurance

Here’s a quick look at the inclusions and exclusions of four-wheeler insurance policies:

  • Key inclusions
  • Key exclusions
Key inclusions Description
Third-party liabilities Coverage against damages caused to a third-person’s body, property, or vehicle
Personal accident cover Coverage in case of the insured’s demise or permanent total disability due to an accident
Accidental damage Coverage against damages caused due to accidents
Fire damage Coverage against damages caused due to fire explosion, self-ignition, or lightning
Theft Provides coverage if the insured car is stolen
Natural and man-made calamities Coverage against damages from both natural and man-made calamities
Key exclusions Description
Location Any loss or damage caused to your car outside the geographical limits of India.
Pre-existing damages Any damage that your car has suffered before buying this car insurance policy online.
Normal wear and tear Repair or replacement costs of car parts damaged over time due to regular usage.
No driving licence Damages caused while driving without a valid driving licence.
Influence of drugs/alcohol Damages caused while driving under the influence of drugs or alcohol.

Available add-ons in car insurance policy

Here are some of the add-on covers available with four-wheeler insurance policies.

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    Zero depreciation cover

    Also known as a bumper-to-bumper cover, with the zero-depreciation add-on, you can nullify the depreciation factored in during claim settlement. In this cover, you receive the full claim amount as mentioned in the Bajaj car insurance policy documents initially. Also, it covers the depreciation of the value of spare parts.

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    Engine protection cover

    A standard car insurance plan does not cover the expenses incurred due to engine damage. The engine protector add-on helps you save up to 40% of the amount you would spend on getting your car’s engine fixed.

  • Key and lock assistance

    The key and lock assistance add-on helps reduce the costs of replacing or repairing missing or damaged keys. Car insurance covers not just the car key but the entire locking system.

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    Compulsory personal accident cover

    Personal accident cover for the owner and driver is available as an add-on benefit. So, if you suffer injuries due to an accident while driving your car, the insurer will pay up the amount mentioned in the defined cover.

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    Roadside assistance cover

    This is one of the most useful four-wheeler insurance add-ons. You can get a tyre changed, have an expert look into your car’s engine, or more with just a call or a click, 24x7.

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    Consumables cover

    Consumable items of a car include nuts and bolts, screws, washers, grease, lubricants, and related parts. The basic car insurance policy does not cover such consumable items. However, a consumables add-on cover will cover any expenses arising out of damage or loss to these parts.

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    No Claim Bonus protection cover

    This add-on cover allows you to retain your NCB even after making a claim during the four-wheeler insurance policy period. It helps protect your accumulated NCB and reduces the premium cost at the time of policy renewal.

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    Pay as you drive cover

    Pay as You Drive (PAYD) cover is a usage-based policy that calculates the premium based on the number of kilometres driven by the policyholder. The idea behind this type of cover is to provide a customised premium to people who do not drive frequently. This car insurance provides flexibility and helps save a significant amount on the insurance premium.

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    Return to invoice cover

    Return to invoice cover is an add-on cover that helps you get the claim amount equal to the invoice value. In case of theft or total loss of the car, the RTI cover will provide the full invoice price of the car, including road tax and registration fees.

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    Driver and passenger cover

    Driver and passenger cover is an add-on cover that provides coverage against accidental injuries of the driver and passengers. 

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    Tyre protection cover

    Tyre protection cover offers coverage against damages or expenses incurred due to tyre damages. This car insurance add-on covers the cost of tyre repair or replacement in case of damages caused by nails, bursting, punctures, or cuts.

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    Legal liability to paid driver

    This add-on cover provides coverage against legal liabilities arising from injuries or death caused to a paid driver while driving the car. It is beneficial for car owners who employ a driver for their vehicles.

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    Personal baggage cover

    This add-on cover provides coverage against loss or damage to personal belongings kept in the car. It is particularly helpful when carrying expensive personal belongings in the car.

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    Conveyance benefit

    This add-on cover compensates for the expenses incurred by the insured person during the repair of the insured car. It is helpful when the car is undergoing repairs for an extended period.

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    24x7 spot assistance

    This add-on cover provides assistance for emergencies such as tire puncture, breakdown, or fuel shortage. It is a significant benefit for car owners traveling long distances or in remote areas.

  • Also, read: Parivahan Sewa

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How to calculate car insurance premiums?

Four-wheeler insurance premiums in India are calculated based on several factors such as vehicle type, engine capacity, age of the vehicle, location, and the type of coverage. Here are some steps to calculate car insurance premiums in India:

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    Determine the Insured Declared Value (IDV) of your car

    IDV is the current market value of your car, after adjusting for depreciation. It is the maximum amount that can be claimed in case of theft or total damage to your car. You can use IDV calculators available online or consult with your car insurance online provider to determine the IDV of your car.

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    Determine the type of coverage

    The two types of coverage are Third-Party Liability and Comprehensive insurance. Third-party insurance is mandatory by law, covering only third-party liabilities, while comprehensive insurance covers both third-party liabilities and own damage to your vehicle.

  • Calculate the premium

    Premiums are calculated based on different factors. For instance, third-party premiums are fixed by the regulator, while own damage premiums vary based on the Insured Declared Value, IDV, add-ons, and the make and model of the car. Use premium calculators provided by insurers or consult with them to calculate the annual premium of your car insurance policy.

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    Determine the add-ons

    Add-ons are additional coverage options that can be purchased along with your primary insurance policy. These include roadside assistance, personal accident cover, engine protection, zero depreciation, and others. They increase the total cost of your policy but also increase the coverage offered.

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    Claim history

    A car insurance company considers various factors while determining the premium of a policy, which includes the claim history of the car owner. If a person has a history of making claims frequently, then the insurance company may increase the premium of the policy as they consider the person as a high-risk driver. So, it is advisable to drive responsibly and make claims only when necessary to maintain a good claim history and keep the car insurance premium affordable.

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    Fuel type

    Your four-wheeler insurance premium also depends on the fuel type – diesel or petrol. Cars running on diesel have higher premiums than petrol-driven cars.

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    Location

    The premium amount also depends on the location where you stay and mostly the areas with a higher risk of theft, or accidents have a higher premium.

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    Year of car manufacturing

    Cars manufactured in the latest year will require a higher premium compared to the older ones as the price of the car and parts are higher.

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    Third-party car insurance premium

    Insurance Regulatory and Development Authority of India (IRDAI) sets the third-party insurance premium based on the car engine’s cubic capacity. Here’s a quick look at the latest third-party insurance premium.

    Premium effective since June 1, 2022

    Up to 1,000 CC: Rs. 2,094

    1,000 – 1,500 CC: Rs. 3,416

    Above 1,500 CC: Rs. 7,897

    In summary, car insurance premiums in India are calculated based on various factors such as Insured Declared Value (IDV), type of coverage, and add-ons, but may vary from insurance provider to provider. You can use online premium calculators or consult with your insurance provider to determine the best policy for you and your vehicle.

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Factors affecting car insurance premiums

Four-wheeler insurance is an essential investment for car owners to protect themselves and their vehicles from financial losses caused by accidents or theft. However, the amount of insurance premium depends on several factors. Let's examine some of the essential factors that affect insurance premium to help you make an informed decision.

  • Car's engine capacity

    Car's engine capacity

    The higher the engine capacity of the car, the higher the car insurance premium will be.

  • Insurance coverage

    Insurance coverage

    The type and extent of insurance coverage you choose will affect the premium. Comprehensive car insurance policy comes with a higher premium than third-party insurance.

  • Insured Declared Value (IDV)

    Insured Declared Value (IDV)

    The IDV is the maximum amount you can receive as compensation if your car gets damaged beyond repair. The higher the IDV, the higher the premium will be.

  • Cost of add-ons

    Cost of add-ons

    Car insurance policy usually comes with add-ons such as zero depreciation cover, engine protector, etc. Add-ons increase the premium cost.

  • Age of the car

    Age of the car

    The older the car, the lower the premium will be as the IDV decreases with age.

  • Claims history

    Claims history

    The higher the number of claims made in the past, the higher the premium will be for car insurance renewal.

  • Deductibles

    Deductibles

    A deductible is the amount agreed upon to be borne by the policyholder in case of a claim. The higher the deductible, the lower the premium.

  • Geographical location

    Geographical location

    The city and state where the car is used will also affect the premium due to the differences in the risk of accidents, theft, etc.

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How to reduce car insurance premium?

Four-wheeler insurance premiums can be a significant expense for car owners. However, there are ways to lower the premiums without compromising on the insurance coverage. Here are some effective ways to reduce car insurance premium:

  • Compare insurance policies

    Compare insurance policies

    Comparing car insurance policies from different insurers will help you choose the best insurance policy with a lower premium.

  • Opt for voluntary deductibles

    Opt for voluntary deductibles

    Choosing a higher voluntary deductible will reduce the car insurance premium.

  • Drive safely

    Drive safely

    Safe driving habits like following traffic rules, avoiding distractions, and driving within speed limits can reduce the risk of accidents and, in turn, lower the insurance premium.

  • Avoid making small claims

    Avoid making small claims

    Avoid filing for small claims as every claim made will increase insurance premium cost.

  • Choose the right coverage

    Choose the right coverage

    Choosing the right insurance coverage for the car, like comprehensive insurance, depending on the car's age, will result in a lower premium.

  • Renew insurance on time

    Renew insurance on time

    Failing to renew the car insurance policy on time leads to higher premiums. Timely renewal of car insurance policies is important.

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Factors affecting Insured Declared Value (IDV )

Insured Declared Value (IDV) is a crucial aspect of car insurance that determines the maximum payout in case of theft or total loss of the vehicle. Here are some factors that influence the IDV of a car:

  • Age of the car

    Age of the car

    As a car ages, its value decreases, and thus the IDV decreases too.

  • Make and model

    Make and model

    Cars that are expensive or have a higher resale value will have a higher IDV than those that are less expensive.

  • Usage of the car

    Usage of the car

    If a car is used for commercial purposes, the IDV may be higher than if it is used for personal use only.

  • Geographical location

    Geographical location

    Cars that are kept in areas with a high risk of theft or damage may have a lower IDV.

  • Safety features and modifications

    Safety features and modifications

    Cars with better safety features and modifications may have a higher IDV.

  • It's important to consider these factors while choosing car insurance coverage. By understanding the factors that affect the IDV, you can make an informed decision and choose appropriate coverage that aligns with your car's value.

    Here’s a quick overview of the car’s depreciation value to estimate the IDV.

    Vehicle age

    Depreciation

    Up to six months old

    5%

    Six months - one year old

    15%

    One – two years old

    20%

    Two – three years old

    30%

    Three – four years old

    40%

    Four – five years old

    50%

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Points to check before buying a car insurance policy online

Following are some pointers that you must keep in mind before availing of an insurance policy.

Scope of insurance coverage

Third-party insurance covers only third-party damages, while comprehensive car insurance covers both damages caused to own vehicle and third party. Therefore, check the coverage you opt for and choose based on your requirements. Look at the inclusions and exclusions offered under the plans.

Type of policy coverage

Keep an eye on the policy coverage inclusion and exclusion. Since there are multiple offers available, you need to choose one per your requirement.

Processing time

Whether it is a car insurance renewal or buying a new one, it is imperative to note the processing time. Insurance providers that process purchase and claim settlement applications faster are always preferable, saving you time.

No claim bonus and other discounts

Irrespective of buying four-wheeler insurance online or offline, take note of no claim bonus and additional discounts associated with a policy. This will help you decide the policy's total cost and plan accordingly.

Claim settlement ratio

Lastly, checking the claim settlement ratio while buying four-wheeler insurance is vital. It helps you to gauge the efficiency of an insurance provider.
Apart from these, you should also evaluate the add-on coverages and network garages before buying a car insurance policy online.

Network garages

You need to check the number of network garages offered by the car insurance provider in the area where you reside. Network garages help you avail cashless facility to repair your vehicle. So, you will not need to pay cash from your own pocket.

Add-on covers

Add-on covers help you enhance the policy coverage and maximise its benefits. You can choose from various add-on coverages depending on your requirement. You should ideally choose a policy that offers a gamut of add-on coverage options.

Insured Declared Value (IDV)

IDV is the maximum amount that your car insurer will settle in case of a completely damaged or stolen car. The IDV of your car depends on its present market value. A car’s market value reduces with wear and tear. Therefore, a newer car will usually have a higher market value. The higher the IDV, the higher the premium you need to pay for the car insurance policy.

Premium

The premium of your insurance policy varies depending on your car’s IDV, model, fuel type, and tenure. The coverage benefits can also vary between insurers even when the premium remains the same. Therefore, you must compare and choose the policy accordingly.

Customer assistance

While choosing your car insurance policy online, you must consider the customer assistance factor. The insurer should be able to settle queries and provide claim assistance 24x7.

Benefits of buying car insurance policy online

Here are some of the benefits of four-wheeler insurance policy in detail.

  • Extensive coverage at low premiums

    Extensive coverage at low premiums

    Choose from a host of affordable policies that provide comprehensive damage coverage and the convenience of cashless repairing.

  • Cashless car repairing at 6,500+ garages

    Cashless car repairing at 6,500+ garages

    Get your car repaired at any of the 6,500+ network garages across India without paying in cash.

  • Personal accident cover

    Personal accident cover

    Get a personal accident cover of up to Rs. 15 lakh in case of accidental injuries, disabilities, or death. This coverage is applicable to the owner-driver of the vehicle.

  • Buy insurance without paperwork

    Buy insurance without paperwork

    No need to fill out physical forms or submit a list of documents to buy a car insurance policy online.

  • Avoid claim deductions due to depreciation

    Avoid claim deductions due to depreciation

    The zero-depreciation add-on coverage lets you claim coverage against your four-wheeler insurance without any deductions for depreciation.

  • No claim bonus up to 50% of premium

    No claim bonus up to 50% of premium

    Save up to 50% on your insurance premium while renewing your car insurance online.

  • Engine protection add-on cover

    Engine protection add-on cover

    Covers the repair/replacement cost of the car's engine. In a city with heavy rainfall, engine protection add-on cover you must carry.

  • Roadside assistance

    Roadside assistance

    This add-on coverage gets you 24x7 roadside assistance for a diverse range of car issues.

  • Key replacement coverage

    Key replacement coverage

    This four-wheeler insurance add-on benefit covers your expenses incurred for replacing a lost or misplaced car key and lockset.

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Documents required to buy car insurance policy online

When you are looking to buy car insurance online, you will need to keep the following documents handy:

  • Vehicle details and registration number
  • A valid driver’s licence
  • Previous policy details (if applicable)
  • Bank details (if required for payment)

How to buy car insurance online

A step-by-step guide to buying car insurance plans on Bajaj Finance Insurance Mall

  • Step 1

    Click here to visit the online application form.

  • Step 2

    Enter the vehicle type, registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

  • Step 3

    Choose the IDV, NCB value, optional add-on covers, and plan type to get a list of relevant car insurance policies. You need to update the expiry date of your current four-wheeler insurance policy here.

  • Step 4

    Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

  • Step 5

    Confirm the vehicle registration date and the previous insurance policy type (Comprehensive/third-party). Click on ‘Proceed’ to buy car insurance online.

  • Step 6

    Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous four-wheeler insurance policy details.

  • Step 7

    Review your previously filled details and make the payment through your preferred online payment mode – Net banking, UPI, Credit/Debit card to buy the policy.

  • Note: After successful payment, your policy document will be available for you to download instantly. A copy of the policy document will also be mailed to your registered email ID within 5-7 working days. You will also receive an SMS confirmation immediately after the payment process is completed.

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Why car insurance renewal is important?

Four-wheeler insurance is essential for drivers to safeguard themselves from financial losses resulting from any unforeseen accidents or incidents. A car insurance policy is valid for a specific duration after which, you need to renew it. Four-wheeler insurance renewal is crucial as it ensures that you don't face any lapses in coverage, and your car remains legally compliant on the roads.

Here are some reasons why car insurance renewal is important:

  • Continuity of coverage

    Continuity of coverage

    Car insurance renewal ensures that your vehicle remains protected continuously. It ensures that your policy stays active, and you are covered in the event of an accident or any other mishap.

  • Legal compliance

    Legal compliance

    In many countries, it is mandatory to have a valid four-wheeler insurance policy to operate your vehicle on public roads. Failing to renew your insurance policy online could lead to large fines and legal hassles.

  • Protection against financial losses

    Protection against financial losses

    Car insurance provides you with financial protection in case of any damage to your vehicle or injury to yourself or other third parties. Renewing your insurance policy ensures that you are not left vulnerable to such losses.

  • No Claim Bonus (NCB)

    No Claim Bonus (NCB)

    If you do not make any claims during the policy period, you are eligible for a No-Claim Bonus (NCB). Renewing your car insurance policy helps you to avail this benefit, which can lower your premium costs.

    In conclusion, four-wheeler insurance renewal is necessary to ensure continuity of coverage, legal compliance, and protection against financial losses. It also helps you access benefits such as NCB, which can lower your premium costs. Therefore, it is essential to renew your four-wheeler insurance policy on time.

Benefits of renewing car insurance online

Renewing insurance is crucial to stay covered against any financial liability in case of any unfortunate event. Online car insurance renewal has become increasingly popular in recent years due to its convenience and efficiency. Here are some of the benefits of online insurance renewal:

  • Check the expired policy

    Easy comparison

    Online car insurance renewal allows you to compare various insurance policies and their features quickly. It enables you to select a policy that provides the best coverage at an affordable price.

  • Get quotes from various insurers

    Easy customisation

    You can customise your policy as per your requirements. You can select add-ons like zero depreciation, engine protection, personal accident cover, etc., to enhance the coverage of your policy.

  • Fill the required details

    Easy to switch the insurer

    Online car insurance renewal provides the flexibility to switch to a different insurer if you are dissatisfied with the policy coverage or pricing. It allows you to switch to a policy that provides better coverage and suits your requirements.

  • Choose add-on covers

    Secured and transparent

    Online car insurance renewal is a secure and transparent process. It allows you to make online payments and provides immediate confirmation of the policy renewal. Moreover, it helps avoid fraudulent practices and ensures transparency in policy terms and conditions.

Documents required for raising a claim request

Here is the list of documents you need filing a claim for your car insurance policy.

  • Copy of the registration certificate (RC) of your vehicle
  • Copy of your driving licence
  • Policy number
  • Description of the incident and photographs of the vehicle (if possible)
  • First Information Report (FIR) in case of theft, injuries to any third party or damage to their property
  • The original keys to the vehicle
  • RTO transfer papers duly signed with Form 28, Form 29 and Form 30
  • No Trace Report from the police in cases of theft of the vehicle
  • The original bills for the repairs of the car to claim four-wheeler insurance policy

Note: Check other details of car insurance claim and time limit for insurance claim settlement in India.

A step-by-step guide for car insurance renewal

Here is how you can renew your car insurance policy in just a few steps:

  • Step 1

    Before your policy expires, click here to choose your preferred plan.

  • Step 2

    Enter the vehicle type, registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

  • Step 3

    Choose the IDV, NCB value, optional add-on covers, and plan type to get a list of relevant car insurance policies. You need to update the expiry date of your current car insurance policy here.

  • Step 4

    Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on Next to proceed to buy car insurance online.

  • Step 5

    Confirm the vehicle registration date and the previous policy type (Comprehensive/third-party). Click on ‘Proceed’.

  • Step 6

    Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous four-wheeler insurance policy details.

  • Step 7

    Review your previously filled details and make the payment through your preferred online payment mode – Net banking, UPI, Credit/Debit card to buy the policy.

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How to renew expired car insurance online

Renewing expired insurance online is easy, quick, and convenient. It helps to save time and can be done from the comfort of your home or office. Here are some steps to renew expired car insurance online:

  • Check the expired policy

    Check the expired policy

    Before renewing the expired car insurance policy, ensure that you check the expiry date as well as policy inclusions and exclusions.

  • Get quotes from various insurers

    Get quotes from various insurers

    Compare quotes from various insurance providers to get the best deal on car insurance renewal.

  • Fill the required details

    Fill the required details

    Fill in the necessary details like car registration number, personal details, policy duration, and coverage.

  • Choose add-on covers

    Choose add-on covers

    You can also opt for add-ons like zero depreciation cover, engine protect cover, etc.

  • Check and verify the details

    Check and verify the details

    Before making the payment, double-check the declaration and personal details.

  • Make the payment

    Make the payment

    Choose the mode of payment and make the payment online.

  • Receive the policy

    Receive the policy

    Once the payment is made, you'll receive your car insurance policy in your registered email, which can be downloaded and printed.

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How to raise a cashless claim for a car insurance policy?

Raising a cashless claim request for car insurance is an easy process that can be done in a few simple steps. Here's how you can raise a cashless claim request for your online car insurance policy:

  • Inform the insurance company

    In case of an accident or any damages to your car, inform your insurance company immediately about the incident. You can reach out to them through their toll-free number, email, or customer care service.

  • Register the claim

    Register your claim for cashless settlement and provide all the necessary details to the insurance company. You need to provide details such as vehicle information, incident details, and contact details.

  • Get your vehicle inspected

    The insurance company may send a surveyor to inspect the vehicle. Ensure that all the damages are documented and reported.

  • Choose a network garage

    If you have opted for a cashless claim, select a network garage from the insurer's list of garages. Get your vehicle repaired at the network garage for easy claim settlement.

  • Settlement of claim

    After the inspection and repair estimate, the insurance company will settle the claim amount directly with the garage as per the policy terms.

  • Collect your vehicle

    Once the repairs are done, you can collect your car from the garage. In some cases, the insurer may directly deliver the vehicle at your address.

    Raising a cashless claim request for car insurance is simple and hassle-free process. Ensure that you have all the necessary documents and follow the steps to get your car repaired with minimum out-of-pocket expenses.

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How to raise a reimbursement claim for a car insurance policy?

You can raise a reimbursement claim request for your four-wheeler insurance by following these simple steps:

  • Inform the insurance company

    Inform the insurance company about any damages to your car. You can contact them through their toll-free number, email, or customer care service.

  • Register the claim

    Register your reimbursement claim and provide all the necessary details to the car insurance company. Some of the details are vehicle information, incident details, and contact details.

  • Document the damages

    Take pictures of the damages and collect all the necessary documents. These will include the repair estimate, repair bills, and payment receipts.

  • Get the vehicle repaired

    Get the vehicle repaired

    Get your car repaired from any garage of your choice and settle the repair bill.

  • Submit the claim

    After the repairs, submit the reimbursement claim along with the necessary documents to the car insurance company.

  • Claim settlement

    After document verification, the insurance company will settle the reimbursement claim amount as per the policy terms and conditions.

    Follow these simple steps and submit all the necessary documents to reimburse your car repairing bills without hassle.

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Documents required to renew car insurance policy online

Here is the list of documents you need to renew your car insurance policy online.

  • Copy of the registration certificate (RC) of your vehicle
  • Copy of your driving licence
  • Existing policy details
  • Vehicle details, such as make and model and manufacturing year
  • NCB details
  • Previous claims information
  • Personal information, such as name, contact number, and email ID
  • Bank account details (for online payment)
  • Other supporting documents depending on the insurance provider and requirements

How to avoid car insurance claim rejections?

Getting a insurance policy is crucial for car owners to protect themselves from any financial damages due to accidents, theft, or any other incidents. However, sometimes your car insurance claim may get rejected. To avoid such a situation, here are some steps to follow:

  • Provide accurate information

    Provide accurate information

    While buying or renewing the car insurance policy, it's essential to provide correct details, including the car's make, model, and year of manufacture. Any inaccurate details can lead to a claim rejection.

  • Know the policy inclusions and exclusions

    Know the policy inclusions and exclusions

    Car insurance policies come with specific inclusions and exclusions. Knowing the policy inclusions and exclusions beforehand ensures that the policyholder can make an informed decision while submitting a claim.

  • Renew policy timely

    Renew policy timely

    It's crucial to renew the car insurance policy before the expiry date. A policyholder can only make a claim if the policy is active during the time of the incident.

  • Follow proper claim filing process

    Follow proper claim filing process

    It's essential to understand the claim filing process and adhere to it. This includes submitting the necessary documents and information to the insurer within the stipulated time.

  • Avoid fraudulent claims

    Avoid fraudulent claims

    Avoid submitting false information or making fraudulent claims as it can lead to claim rejections and legal proceedings.

    Avoiding car insurance claim rejections requires being transparent and truthful in providing information and following the proper procedures while submitting the claim. It's crucial to have a thorough understanding of the four-wheeler insurance policy terms and conditions to ensure a smooth claim process. Regular renewal of the car insurance policy also ensures that the policy remains valid during the event of any unfortunate situation.

How to download your car insurance policy copy online?

Downloading insurance policy documents online is easy and convenient. It saves time and ensures that the policy document is available for reference at any time. Here are some steps to follow to download your car insurance policy copy online:

  • Visit the insurance provider website or app

    Visit the insurance provider website or app

    Visit the website or the app of your insurance provider and log in with your account details.

  • Locate the Policy Documents section

    Locate the Policy Documents section

    Once logged in, search for the policy documents section on the website.

  • Select the policy

    Select the policy

    Select the car insurance policy that you want to download.

  • Download the policy

    Download the policy

    Click on the download option, and the policy document will be downloaded in PDF format.

  • Save the downloaded copy safely

    Save the downloaded copy safely

    Ensure that you have saved the downloaded policy document safely on your device or laptop and have taken a printout of it for easy reference.

    It's essential to keep the policy document safe and have a copy of it available for reference as and when required. Regularly downloading and keeping a copy of the car insurance policy ensures that all the policy details are readily available in case of any emergency or claim process.

How do you get an online car insurance quote?

Looking to buy insurance for your car? Easily obtain quotes online on Bajaj Finance or other platforms. Simply visit a insurance provider platform, input your car details, and provide basic information. Get car insurance quotes from various insurers tailored to your requirements. Effortlessly compare options and make an informed decision in minutes. Secure your vehicle and peace of mind with the right coverage at the best rates. Get started on safeguarding your vehicle today.

Contact details of our car insurance partners

You can contact our car insurance partners on the below helpline numbers and email addresses.

Brand Name ACKO Bajaj Allianz General Insurance SBI General Insurance HDFC ERGO General Insurance ICICI Lombard General Insurance
Contact number 1800-266-2256 (toll-free) 1800-209-5858 1800-102-1111 (toll-free) 022-6234-6234/0120-6234-6234 or 1800-270-0700 (toll-free) 1800-2666 or 7738282666 (WhatsApp)
Email address hello@acko.com bagichelp@bajajallianz.co.in customer.care@sbigeneral.in care@hdfcergo.com customersupport@icicilombard.com
Know more ACKO Car Insurance Bajaj Allianz Car Insurance SBI General Car Insurance HDFC ERGO Car Insurance ICICI Lombard Car Insuran

Frequently asked questions

Is a 3-year insurance mandatory for new car?

Yes, it is mandatory to purchase third-party insurance for a period of three years for all new cars under the Motor Vehicles Act in India. This is applicable as of September 2018 for all car insurance policies. This new rule was introduced to provide long-term coverage for newly purchased vehicles and reduce the burden of renewal on policyholders. It offers a hassle-free solution for three years and ensures that the vehicle has continuous insurance coverage during that period.

Which insurance is mandatory for car?

In India, it is mandatory to have at least a third-party motor insurance policy to legally drive a car or any other vehicle as per the Motor Vehicles Act, 1988. The third-party insurance policy protects the vehicle owner against any legal liability arising out of bodily injury, death, or property damage to a third party caused by their vehicle. Having a valid third-party insurance policy is a legal requirement and driving without it can lead to heavy penalties, legal hassles, and even suspension of driving license. Be it a comprehensive or third-party, you can easily buy a car insurance online without any hassle or paperwork.

What is the benefit of buying a car insurance plan?

Owning a car insurance policy offers a variety of benefits. Firstly, it helps you meet the legal requirement of owning at least a third-party car insurance cover. Moreover, a car insurance policy helps you meet own or third-party damages due to a road accident or other unfortunate events.

How is car insurance premium calculated?

IRDAI determines the premiums of third-party car insurance plans. Whereas the premium from insurance company to insurance company. Following are some factors that affect the premium for own damage four-wheeler insurance cover:

  1. Insured declared value (IDV)
  2. Make and model of the car
  3. Deductibles
  4. Seating capacity
  5. Cubic capacity
  6. Previous insurance history

The type of coverage has an impact on the premiums. Do compare insurance premiums to obtain the best deal. The IRDA decides third-party premium amounts.

What is depreciation in car insurance?

Depreciation in car insurance refers to the loss of the insured car’s value due to wear and tear. The depreciation rate plays a vital part in a car insurance policy. Insurance companies determine the value that they agree to provide for your car based on the car’s age and depreciation.

What are the risks covered by the comprehensive car policy?

Comprehensive car insurance gives coverage to your third-party liabilities in addition to the damage sustained by your car. The damage could be due to an accident, theft, fire, natural calamities, and man-made disasters.

What is Zero Depreciation in a car insurance policy?

Zero Depreciation is an add-on cover in car insurance. It makes the insurer pay the complete claim amount without taking the depreciation of the parts of the car into consideration. Since it is an add-on, you will have to pay a little extra premium to avail of it.

What is Insured Declared Value (IDV) in car insurance policy?

Insured Declared Value (IDV) is the maximum sum insured set by the insurer for theft or total loss of the insured car. IDV is the present market value of the car. If your car suffers total loss, you will receive the IDV as compensation.

What is a cashless claim in car insurance?

A cashless car insurance claim provides you with instant aid after an accident or any unfortunate event and helps you avoid paying any repair costs. However, this claim is only applicable when you repair your car at a partner network garage.

What is a No Claim Bonus in vehicle insurance?

A policyholder receives a No Claim Bonus (NCB) if they have not filed any claims throughout the insurance period. The comprehensive insurance plan in India varies between 20-50%, according to current laws. A third-party motor insurance plan does not qualify for the NCB. At the time of the vehicle transfer, you can transfer the insurance plan to a new insurance provider, but not the NCB. The new buyer is responsible for paying the outstanding balance.

Would my no claim bonus be migrated if I change my policy provider?

Yes, if the policyholder changes their motor insurance carrier at the time of renewal, they are eligible for the NCB. All you would have to do is show verification of the NCB you have earned from your existing insurance provider. You can show an authentic copy of your expired policy and certification showing you have not filed a claim against the (expiring) insurance plan.

What is a deductible in motor insurance?

The deductible is the amount that you need to pay out of your pocket while filing a claim. Generally, there is a standard or mandatory deductible for two-wheelers, cars, and commercial vehicles. It depends on the carrying capacity or cubic capacity of the vehicle. However, the insurance carrier may impose a larger deductible based on the vehicle's age or the frequency of filing claims.

Is car insurance mandatory in India?

As per the Indian Motor Tariff, every car owner in the country must own a third-party insurance cover. Absence of a valid third-party car insurance plan is a punishable offence. It attracts a fine of Rs. 2,000 and/or imprisonment of up to 3 months for the first offence.

What is a car insurance policy?

Car Insurance is an agreement between an insurance company and a car owner. As per the agreement, the insurer provides an insurance cover for financial damages incurred by the insured car. There are three types of car insurance plans – third-party insurance policy, own damage car insurance and comprehensive car insurance policy. Car insurance renewal online process provides instant e-policy.

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Disclaimer

Bajaj Finance Ltd. (BFL) is merely a distributor of third party products from Assistance Services providers such as CPP Assistance Services Pvt Ltd, Bajaj Finserv Health Ltd.(BFHL), AWP Assistance India Pvt. Ltd. (Allianz), Doc Online Health India Pvt Ltd. etc. Issuance of the product is at sole discretion of Assistance Company or Services provider . The product and services or benefits assured under the product shall be governed by respective partner’s product T&C’s and BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. Your purchase of an assistance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any product. For more details on terms and conditions, inclusions and exclusions please read the product sales brochure carefully before purchase or subscription. All product information such as membership fees, benefits, exclusions, value added services, etc. are authentic and solely based on the information received from the respective value added service provider or Assistance company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.