Car Insurance online starting at Rs. 2,762*

Protect your savings from hefty repair bills and other unforeseen expenses by purchasing car insurance policy online. Choose from a range of four-wheeler insurance plans that offer comprehensive coverage and cashless repairing across 6,500+ garages.

What is car insurance?

Car insurance helps you get financial coverage against loss or damage sustained by your car due to accidents, thefts, or natural calamities. It also covers you for any third-party damages caused by your car. There are three major types of car insurance policies – comprehensive, own damage, and third-party policies. A third-party car insurance policy covers damages or injuries caused to a third-person or their property. It is a mandatory policy to own as per the Motor Vehicles Act of 1988. An own damage policy only covers damages sustained by the insured car. Finally, a comprehensive policy covers both own damage and third-party liabilities.

Key features and benefits of car insurance policies

Here are some of the key benefits of car insurance policies offered by our insurance partners.

Key features

Benefits

Third-party damages cover

Covers personal accidents, third-party injuries, and property damages

Own damage cover

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

No Claim Bonus

Up to 50%

Car insurance premium

Starts at Rs. 2,762*

Personal accident cover

Up to Rs. 15 lakh*

Cashless garages

6,500+* across India

Add-on covers

6 add-on covers

Buying/renewal process

Online


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

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

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

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

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

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

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 

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

Key replacement coverage

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

Types of car insurance policies

There are three types of car insurance policies, each designed to address the varying needs of the customers and the best coverage they need:

Comprehensive insurance

A comprehensive car insurance policy covers the damages caused 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.

Third-Party Insurance

You are subject to pay the damages for the third party if you are at fault in case of a collision. 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.

Own damage insurance

An own damage car insurance covers you against any accidental damages to your four-wheeler. These could be due to natural disasters like earthquake, flood, cyclone, and landslide. Or due to man-made disasters like theft, burglary, riot, or strike. You can buy this insurance policy if you have an active third-party vehicle insurance policy to get complete coverage for your vehicle.

Available add-ons with car insurance policies

Here are some of the add-on benefits offered under car insurance policies.

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.

Engine protection cover

A standard four-wheeler 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

This add-on is designed to cut down on the costs associated with missing or damaged keys. It takes care of the entire purchasing and replacement of not just the car key but the entire locking system.

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.

24x7 roadside assistance

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.

Consumables expenses

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.

Points to check before buying a car insurance policy

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

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 an insurance policy.

Network garages

You need to check the number of network garages offered by the insurer 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 policy.

Premium

The premium of your car 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, you must consider the customer assistance factor. The insurer should be able to settle queries and provide claim assistance 24x7.

Compare car insurance policies

To choose your preferred four-wheeler insurance policy, you must compare the coverage offered by each type of policy. Here is a comparison of the coverage offered by car insurance policies.

Coverage offered

Comprehensive policy

Own damage policy

Third-party policy

Own damage

Yes

Yes

No

Third-party property damage

Yes

No

Yes

Third-party bodily damage

Yes

No

Yes

Car theft

Yes

Yes

No

Add-on coverage

Yes

Yes

No

Personal accident coverage

Yes

Yes

Yes

Step-by-step guide to buy 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 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.

  • 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.

    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.

    You can also access your policy details through the My Account section within 5-7 days after purchase.

Show More Show Less

Step-by-step guide to renew car insurance plans

  • 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.

  • 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.

    After successfully making the 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.

    You can also access your policy details through the My Account section within 5-7 days after purchase.

Show More Show Less

Key inclusions and exclusions

Here’s a quick look at the inclusions and exclusions of car 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

How to raise a cashless claim with ACKO

Follow these steps to raise cashless claim requests with ACKO Car Insurance.

  • Step 1 - Contact the insurer

    Step 1 - Contact the insurer

    Log in to acko.com or ACKO app and click on ‘Claim Now’ to register your claim request.

    You can also call 1800-266-2256 (toll-free) to register your claim or send an e-mail to hello@acko.com.

  • Step 2 - Locate your nearest network garage

    Step 2 - Locate your nearest network garage

    Once the claim is registered, take the car to an ACKO network garage near you. In some cases, a crew may be assigned to take your vehicle for repairs at network garages.

  • Step 3 - Repair cost and coverage is estimated

    Step 3 - Repair cost and coverage is estimated

    A surveyor along with a mechanic will discuss and let you know the repair cost and the coverage amount based on the applicable terms and conditions of the four-wheeler insurance policy.

  • Step 4 – Bill is settled between ACKO and the garage

    Step 4 – Bill is settled between ACKO and the garage

    The garage will repair the car and settle the bill directly with ACKO.
    The balance (deductibles) amount needs to be paid by you to the garage.

How to raise a reimbursement claim with ACKO

To reimburse your car repairing bills with ACKO Car Insurance, follow these steps.

  • Step 1 - Contact the insurer

    Step 1 - Contact the insurer

    Log in to acko.com or ACKO app using your registered mobile number or call 1800-266-2256 (toll-free) to register your claim and inform ACKO about the damage to your vehicle.

  • Step 2 – Repair your car at any of your preferred garage

    Step 2 – Repair your car at any of your preferred garages

    Get your vehicle repaired at your preferred garage, pay the bills, and retain the invoice.

  • Step 3 - Submit the required documents

    Step 3 - Submit the required documents

    Submit the reimbursement claim with ACKO. Log in to their website or app and upload the invoice and other necessary documents for the four-wheeler insurance policy.

  • Step 4 - Claim settlement

    Step 4 - Claim settlement

    ACKO will review your claim and verify the documents to process the reimbursement as per the policy's terms and conditions.

How to raise a cashless claim with Bajaj Allianz General Insurance

Follow these steps to raise cashless claim requests with Bajaj Allianz Car Insurance.

  • Step 1 - Contact the insurer

    Step 1 - Contact the insurer

    Register your claim: Call the toll-free number 1800-209-5858. Or Write an email at: bagichelp@bajajallianz.co.in. OrDirectly visit the insurer's website.

  • Step 2- Fill the claim form

    Step 2 - Provide some basic details

    Share some basic details with the insurer:
    Contact number, engine and chassis number, date, time, description, and location of the accident, vehicle inspection address, kilometre reading on the vehicle.

  • Step 3 - Receive claim reference number

    Step 3 - Receive claim reference number

    You will receive a claim reference number from the insurer and an SMS about the exact status of your claim.

  • Step 4 – Locate your nearest network garage

    Step 4 – Locate your nearest network garage

    Take your vehicle or have it towed for repair to the nearest network garage.

  • Step 5 - Bill is settled between the insurer and the garage

    Step 5 - Bill is settled between the insurer and the garage

    The vehicle will be repaired at a network garage and delivered to your doorstep. The insurer will settle the bills directly with the garage.

How to raise a reimbursement claim with Bajaj Allianz General Insurance

Follow these steps to raise reimbursement claim requests with Bajaj Allianz Car Insurance.

  • Step 1 - Contact the insurer

    Step 1 - Contact the insurer

    Register your claim: Call the toll-free number 1800-209-5858. Or Write an email at: bagichelp@bajajallianz.co.in. Or Directly visit the insurer's website.

  • Step 2 - Provide some basic details

    Step 2 - Provide some basic details

    Share some basic details with the insurer:
    Contact number, engine and chassis number, date, time, description, and location of the accident, vehicle inspection address, kilometre reading on the vehicle.

  • Step 3 – Receive claim reference number

    Step 3 – Receive claim reference number

    You will receive a claim reference number from the insurer and an SMS about the exact status of your Bajaj car insurance claim.

  • Step 4 – Repair your car at any of your preferred garages

    Step 4 – Repair your car at any of your preferred garages

    Get your vehicle repaired at your preferred garage, pay the bills, and retain the invoice.

  • Step 5 - Submit the required documents

    Step 5 - Submit the required documents

    Submit bills along with the documents online or to the nearest Bajaj Allianz office.

  • Step 6 - Claim settlement

    Step 6 - Claim settlement

    Reimbursement will take approximately 7-30 days (for a net of loss) from the date of submission of bill. All documents should be in order and within policy purview.

How to raise a cashless claim with SBI General Insurance

Follow these steps to raise cashless claim requests with SBI General Private Car Insurance Policy.

  • Step 1 - Contact the insurer

    Step 1 - Contact the insurer

    Log in to https://www.sbigeneral.in/ or the SBI app with your registered mobile number and click on ‘Intimate Claim’ section.

    In case of an accident, you can call on 1800-102-1111 (toll-free) to register your claim or send an email to customer.care@sbigeneral.in.

    You can also send an SMS typing ‘CLAIM’ to 561612.

  • Step 2- Fill the claim form

    Step 2- Fill the claim form

    Fill out the claim form with the required details. In case of accident or theft claims, the list of required documents will be specified in the form. The insurer will send a surveyor to assess the vehicle damage and suggest a list of nearest network garages.

  • Step 3 – Take the car to a network garage

    Step 3 – Take the car to a network garage

    You can either drive your car to the network garage or choose the towing service provided by the insurer.

  • Step 4 - Bill is settled between SBI General and the network garage

    Step 4 - Bill is settled between SBI General and the network garage

    The insurer will settle the bill up to the sum insured with the network garage directly. You will only need to clear the balance (deductibles) amount needs with the garage.

Fastlane Claim Settlement (FCS)

The insurer also offers ‘Fastlane Claim Settlement’ that facilitates quick motor claim settlement. A dedicated claim handler will be in touch with you to guide you through the process and the claim settlement will be initiated instantly.

Show more Show less

How to raise a reimbursement claim with SBI General Insurance

To reimburse your car repairing bills with SBI General Private Car Insurance Policy, follow these steps.

  • Step 1 - Contact the insurer

    Step 1 - Contact the insurer

    Log in to https://www.sbigeneral.in/ or the SBI app with your registered mobile number and click on ‘Intimate Claim’ section.

    In case of an accident, you can call on 1800-102-1111 (toll-free) to register your claim or send an email to customer.care@sbigeneral.in.

    You can also send an SMS typing ‘CLAIM’ to 561612.

  • Step 2 - Repair your car at any of your preferred garages

    Step 2 - Repair your car at any of your preferred garages

    You can repair your vehicle at any of your preferred garage, pay the bills, and retain the invoice.

  • Step 3 - Submit the required documents

    Step 3 - Submit the required documents

    Submit the reimbursement claim form by logging in to their website or app and uploading the invoice and the other necessary documents.

  • Step 4 - Claim settlement

    Step 4 - Claim settlement

    SBI will review your claim and verify the documents to process the reimbursement as per the policy's terms and conditions.

Documents required for raising a claim request

Here is the list of documents you need to raise a claim request against car insurance policies.

  • 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 bills for the repairs of the car to claim four-wheeler insurance policy

Frequently asked questions

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 car 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 car insurance policy, own damage car insurance and comprehensive car insurance policy. Car insurance renewal online process provides instant e-policy.

Show More Show Less

Disclaimer

Insurance is the subject matter of solicitation. Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited and ManipalCigna Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer to the insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Visitors are hereby informed that their information submitted on the website may be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt Ltd, etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or 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.