Car Insurance Quotes – Compare, Buy/Renew Car Insurance Policy Online

How to Buy Car Insurance Online?

The process of buying a car insurance is quite simple and easy. Here’s how you can buy the right car insurance online with us.

  • Fill Your Car DetailsFill Your Car Details: Provide your car details such as its make, model, etc, to see car insurance price offered by top insurance providers in India.
  • Compare Car Insurance QuotesCompare Car Insurance Quotes: From all the available car insurance plans, select the plan which suits your budget & requirements in the best manner.
  • Make Payment OnlineMake Payment Online: Pay the policy premium online & get your car insurance document instantly in your inbox.

Types of Car Insurance Policy in India

Vehicle insurance is one of the primary financial protections that a car owner should have. Despite the compulsion to buy a vehicle insurance policy by law, a car insurance policy is necessary to get adequate insurance protection for your car. There are three basic types of car insurance policies available in India: 

    • Third Party Car Insurance

      A third-party liability insurance policy is the most basic type of car insurance policy that is mandated by law. This insurance policy safeguards the car insurance owner from any type of legal liabilities that arise because of the involvement of the insured car in an accident. Under this type of car insurance policy, the insurer compensates against disability, injury, death, or property damage to any third party. In this way, a policyholder gets protection from the financial liability towards a third party.

    • Comprehensive Car Insurance

      A comprehensive car insurance policy provides insurance coverage for both third-party and insured cars against losses and damages. As compared to a third-party liability insurance policy, a comprehensive car insurance plan provides extensive coverage and benefits for an insured car against damages and losses caused to it due to an accident, theft, collision, etc.

    • Pay as You Drive Insurance

      This type of car insurance policy is also known as usage-based vehicle insurance. It allows a policyholder to pay the premium of the insurance according to the kilometers driven by the insured car. This insurance policy is introduced recently and will be useful for those who have multiple cars and hence do not use each of these very frequently. Currently, there are only a few insurers only who are offering this car insurance policy. This insurance policy provides comprehensive coverage for own damage and third-party liability coverage is provided on a pilot basis for a term of a year.

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Buy & Renew Car Insurance Online

Buying a car insurance policy is mandatory in India for all cars as per the Motor Vehicle Act 1988. Car insurance companies compensate for the loss or damage caused to the insured Car and a third-party from the insured four-wheeler. Here are some of the reasons to buy a new car insurance policy in India:

  • It pays for the car damages as a result of a collision, accident, death or natural calamities, which otherwise would need to be paid by the insured
  • It pays for hospitalization expenses in case of an accident
  • It reduces the financial and legal damages that can arise from a third-party liability or damage
  • With rider benefits like roadside assistance, zero depreciation the expenses are further reduced
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Moreover, the premium amount of your four wheeler insurance is decided based on the Insured Declared Value or IDV of the vehicle. If you increase the IDV, the premium rises and if you lower it, the premium reduces.

It is important for any policyholder to compare car insurance plans before going for 4-wheeler insurance renewal or buying a new policy. Compare various car insurance plans online on Policybazaar and buy the one that fulfils your expectations hassle-free:

Best Car Insurance Policy in India 2021

The following table shows the complete list of the best car insurance policy in India with their personal accident cover and the number of network garages offered by the car insurers:

Car Insurance Company Network Garages Third-Party Cover PA Cover Owner/ Driver Incurred Claim Ratio % 2019-20 Minimum Policy Term  
Bajaj Allianz Car Insurance 1024 Up to Rs. 15 lakhs 65.83 1 Year View Plan
Bharti AXA Car Insurance 3742 Up to Rs. 15 lakhs 81.91 1 Year View Plan
Chola MS Car Insurance 4636 Up to Rs. 15 lakhs 82.95 1 Year View Plan
Digit Car Insurance N/A Up to Rs. 15 lakhs 74.82 1 Year View Plan
Edelweiss Car Insurance 1268 Up to Rs. 15 lakhs 116.31 1 Year View Plan
Future Generali Car Insurance 3194 Up to Rs. 15 lakhs 57.67 1 Year View Plan
IFFCO Tokio Car Insurance 6757 Up to Rs. 15 lakhs 87.77 1 Year View Plan
Kotak Mahindra Car Insurance 2327 Up to Rs. 15 lakhs 75.66 1 Year View Plan
Liberty Car Insurance 4365 Up to Rs. 15 lakhs 70.95 1 Year View Plan
National Car Insurance 456 Up to Rs. 15 lakhs 116.44 1 Year View Plan
New India Assurance Car Insurance 456 Up to Rs. 15 lakhs 85.35 1 Year View Plan
Oriental Car Insurance 456 Up to Rs. 15 lakhs 101.63 1 Year View Plan
Raheja QBE Car Insurance 1000 Up to Rs. 15 lakhs 103.9 1 Year View Plan
Reliance Car Insurance 4779 Up to Rs. 15 lakhs 84.63 1 Year View Plan
Royal Sundaram Car Insurance 3868 Up to Rs. 15 lakhs 92.23 1 Year View Plan
SBI Car Insurance 2613 Up to Rs. 15 lakhs 92.05 1 Year View Plan
Shriram Car Insurance 2071 Up to Rs. 15 lakhs 65.43 1 Year View Plan
Tata AIG Car Insurance 1617 Up to Rs. 15 lakhs 80.29 1 Year View Plan
United India Car Insurance 456 Up to Rs. 15 lakhs 96.45 1 Year View Plan
Universal Sompo Car Insurance 1493 Up to Rs. 15 lakhs 89.54 1 Year View Plan

What is car insurance?

A comprehensive car insurance policy, also known as motor package insurance, saves you money when your car is damaged in an accident or natural calamity. It also covers your vehicle against theft and burglary. At times, you may end up hurting others or damaging property in an accident. A car insurance policy covers such third party liabilities as well. If you own a car in India, having third party insurance is a must for you. That’s why it’s crucial to buy and renew your policy on time to stay on the right side of the law and be covered against car damages. At an affordable premium, our reliable car insurance policy protects you against all these risks so that you can drive worry-free.

Apart from comprehensive car insurance, third-party only and own-damage only car insurance policies are also available. You can choose the policy type as per your needs.

What are the different types of car insurance policies?

We offer all that you require! Choose as per your needs.

Private car package policy

A comprehensive car insurance policy offers complete protection to you. It covers not only the costs incurred on damages to a third party but also the damages to your car. This policy type also covers car theft and damages caused by fire, burglary and natural disasters.

Stand-alone own-damage car insurance

With our stand-alone own-damage car insurance, you are covered for any accidental damages to your car. These could be due to natural disasters like earthquake, flood, cyclone, and landslide, or due to manmade disasters like theft, burglary, riot or strike. To buy this insurance, you should have an active third party insurance policy of the vehicle.

Third party car insurance

In this type of insurance policy, you are covered against legal liabilities arising out of an accident. If your car causes injuries to a third party or damages surrounding property, then we will take care of the expenses.

Car Insurance | Easily Buy & Renew Car Insurance Online | Get Upto 75%* Off

Key Features of Car Insurance By TATA AIG

Key Features

Benefits Of Tata AIG Car Insurance

Savings & Affordable Premiums

Save up to 75% on car insurance premiums by buying your policy online

Claim Assistance

Our 650 claim experts across India ensure an easy and quick claim process for you”

High Claim Settlement Ratio

Our 98% claims settlement ratio as of FY 2020-2021 can assure a high settlement ratio for car insurance claims

Cashless Repairs

Our network of over 7500 garages ensures cashless services for your car repairs

Damages to third-party

Damages to a third party or third-party property are covered

Own Damage Cover

With our Own Damage cover for your car, we can cover damages from accidents, man-made disasters, and natural disasters

Customizable with Add-ons

Up to 13 add-ons to protect your four-wheeler with an all-round car insurance policy

No Claim Bonus (NCB)

Up to 50% discount on car insurance premiums after 5 consecutive claim-free years

Buy/Renew Car insurance Online

Quick renewal of your car insurance with an easy 3-step process with Tata AIG

Why Do You Need Car Insurance?

Car insurance or a four-wheeler policy is necessary to protect your car and you from various situations and scenarios that lead to financial damages. Here are some of the reasons why you need to have a third-party or comprehensive four-wheeler insurance policy

Car Insurance | Buy or Renew Car Insurance Policy Online | HDFC ERGO

Car insurance is of paramount importance to ensure you do not suffer financial losses if your car undergoes damage due to natural calamities, accidents or if you are an unfortunate victim of car theft. It is your shield against the many uncertainties your car can be subject to! Don’t leave your precious four wheeler vulnerable to risks. Secure your car with HDFC ERGO’s car insurance and ensure peace of mind for yourself and affordable protection for your car with discounts of upto 70% on premium^. To top it get the advantage of over 7100** cashless network garages and enjoy a stress free drive!

Get Car Insurance Online | Buy/Renew Car Insurance Policy – Coverfox

Car Insurance

Car insurance is designed to offer protection against any financial loss arising due to accident, whether it be with another vehicle or against any object, theft of the vehicle or important parts of it, water damage or fire damage etc. A comprehensive insurance cover also protects you against any liability arising out of an accident involving a third party, person or property. All kinds of natural calamities and man-made calamities are also covered.

Know this Before Selecting Your Car Insurance Policy

• Compare Car Insurance Online

• What is Covered

• Incurred Claim Ratio/Claim Settlement Ratio

• Add-on Covers

Comparison Between Comprehensive – Third Party Cover?

Here is a comparison of Comprehensive vs Third Party Cover Car Plans:

WHAT IS COVERED?THIRD-PARTYCOMPREHENSIVE
Third-Party Vehicle Damage
Third-Party Property Damage
Own Vehicle Damage
Vehicle Theft
Fire Damage
No Claim Bonus
Cashless Claim
Damage from Natural Calamities
Personal Accident Covered
Engine ProtectionThrough Add-on
Zero Depreciation CoverThrough Add-on
NCB ProtectionThrough Add-on
Invoice CoverThrough Add-on

Top 8 Car Insurance Policy – Premium Breakup in July 2021

Car Insurance | Vehicle Insurance | Car Insurance Online | First Party And Third Party Car Insurance

What is Covered in Car Insurance Policy?

Your four-wheeler car insurance plan covers the following instances:

  • Any form of loss/damage to the policyholders’ vehicle
  • Damages arising out of an accident or events like theft, fire, explosion, self-ignition, lightning, riots, strikes or act of terrorism, natural calamities, and more
  • Damages to third party/person/property
  • Personal Accident Cover of up to Rs. 15 lakhs

What is Not Covered in Car Insurance Policy?

Your four-wheeler car plan does not cover the following instances:

  • Loss/damage incurred when the policy is not in effect
  • General wear and tear; depreciation
  • Loss/damage due to driving without a valid car license
  • Loss/damage due to driving under the influence of alcohol, substance abuse, drugs, narcotics, etc
  • Loss/damage to the car engine via oil leakage
  • Loss/damage due to commercial use of the private vehicle

20+ Best Car Insurance Companies in India 2021 (IRDAI Approved)

Here is a comprehensive list of the best car insurance companies, their respective plans, claim settlement ratio, and network garages in India for 2021.

  • Bajaj Allianz Car insurance
  • Bharti axa Car insurance
  • Cholamandalam Car insurance
  • Digit Car Insurance
  • Edelweiss Car Insurance
  • Future Generali Car Insurance
  • HDFC ERGO Car Insurance
  • IFFCO Tokio Car Insurance
  • Kotak Mahindra Car Insurance
  • Liberty Car Insurance
  • National Car Insurance
  • New India Assurance Car Insurance
  • Oriental Car Insurance
  • Universal Sompo Car Insurance
  • Reliance Car Insurance
  • Royal Sundaram Car Insurance
  • SBI Car Insurance
  • Shriram Car Insurance
  • Tata AIG Car Insurance
  • United India Car Insurance
  • Raheja QBE Car Insurance

Disclaimer: *The above information on Incurred Claim Ratio has been sourced from IRDAI’s Annual Report (2019-20). The cashless garages network information has been collated from the Insurance Company’s Website.

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