What is Motor Insurance?
Motor insurance is a type of insurance policy that provides financial protection against losses related to your vehicle, whether it's due to accidents, theft, or damage. It covers repair costs, medical expenses, and liability for third-party damages, helping you drive with peace of mind.
Motor insurance purchase is beyond being a legal requirement in India. It ensures you’re not left footing the bill for unexpected incidents on the road. Whether you want the basic third-party coverage or comprehensive protection, the right plan can save you from costly surprises.
Motor Insurance Add-Ons You Can Choose From
Enhance your coverage with multiple add-ons designed to protect you from unexpected costs and give you extra benefits.
Zero Depreciation
Get full coverage for your vehicle’s parts without any deductions for depreciation. This ensures you’re reimbursed for the complete cost of repairs or replacements.
Roadside Assistance
Avoid worrying about being stranded on the road again. This add-on can provide 24/7 help for breakdowns, flat tires, or running out of fuel, so you can get back on the move quickly.
Engine Protection
Guard your engine from expensive repairs caused by water damage, oil leakage, or other mechanical failures.
No Claim Bonus Cover
Retain your hard-earned discounts even if you need to file a claim.
Key Replacement Cover
This add-on coverage takes care of the replacement costs and ensures you’re back on the road without the added expense of new keys/locks.
Personal Accident Cover
Get compensation for accidental injuries or death while traveling in your vehicle. This coverage provides financial security for you and your family in the event of an accident.
Personal Accident Cover for Riders
Ensure your passengers are protected with compensation for injuries or death caused by accidents.
Types of Coverage offered by Motor Insurance
Explore different types of motor insurance plans to find the coverage that suits your needs.
Comprehensive Insurance Plan
Enjoy complete protection with a plan that covers your vehicle and third-party liabilities. This plan ensures you're fully covered on the road, whether it is about accidental damages, theft, or other unfortunate events.
Third-Party Insurance Plan
Protect yourself from legal liabilities with a plan that covers damages caused to others. While it doesn’t cover your vehicle, it’s a cost-effective choice for those seeking basic coverage.
Comprehensive Insurance Plan
You will be entirely covered in the case of any loss or damage when talking about comprehensive motor insurance. It is evident that comprehensive is the superior choice.
Third-Party Insurance Plan
An individual is shielded from financial damages by a third-party car insurance policy if their covered vehicle is involved in an accident resulting in property damage, bodily harm, or death to a third party.
Inclusions Under Motor Vehicle Insurance
Motor vehicle insurance typically includes coverage for accidents, theft, natural calamities, and third-party damage.
Comprehensive Motor Insurance Policy
Own Damage (OD) Cover
It protects your vehicle against damage caused by accidents, natural disasters, or vandalism.
Theft Cover
It provides coverage for the loss of your vehicle in case it is stolen, thus giving you financial protection for replacement.
Third-Party (TP) Cover
It covers damages or injuries caused to others in an accident where you're at fault, helping you avoid costly legal liabilities.
Third-Party Liability Policy
Third-Party Cover
It safeguards you from the legal and financial liabilities if you cause damage or injury to someone else on the road.
Accidental Injury Cover
It offers compensation for injuries caused to a third party in an accident where you're responsible, covering medical expenses.
Exclusions Under Motor Vehicle Insurance
Not everything is covered under a motor insurance policy. Understanding the exclusions can help you avoid surprises when making a claim. Here’s what’s typically not included in your policy
Exclusions Under Motor Vehicle Insurance
Alcohol/Drugs
No coverage is provided if damage or accidents occur while driving under the influence of alcohol or drugs.
Geographical Area
Coverage is limited to incidents occurring within the specified territorial limits. Damages or accidents outside this area may not be covered.
Wear and Tear
Regular wear and tear, mechanical failures, or electrical breakdowns are not included under standard coverage.
Consumables
Items like engine oil, brake fluid, and other consumables are not covered under standard policies.
Invalid Driving License
Claims get rejected if the driver at the time of the incident does not hold a valid driving license.
Depreciation
Standard policies do not cover the depreciation of your vehicle's parts, meaning you’ll receive a reduced claim amount based on wear and tear.
How to Select the Right Motor Insurance Policy Online?
Choosing the right motor insurance policy online can be simple if you know what to look for. Follow these tips to find the best coverage that suits your needs and budget.
Types of Motor Insurance Policy
You can choose from different types of motor insurance matching your needs - from basic third-party cover to comprehensive plans. Understand the options to choose the best fit for your vehicle.
Importance of Motor Insurance
Motor insurance isn’t just a legal requirement. It’s essential to protect your finances against unexpected accidents, theft, and damages.
Importance of Motor Insurance
Financial Protection
Shield yourself from hefty repair bills after an accident. Motor insurance covers damages, saving you from unexpected expenses.
Legal Compliance
Stay on the right side of the law with mandatory third-party insurance. Avoid fines and penalties by insuring your vehicle.
Third-Party Coverage
Accidents happen, but you don’t have to bear the cost. Motor insurance covers damages or injuries caused to others, protecting you from legal liabilities.
Peace of Mind
Drive your vehicle with confidence knowing you’re safeguarded against accidents, theft, and other possible unfortunate events.
Benefits of Buying Motor Insurance Online
Buying motor insurance online offers convenience, transparency, and the ease of comparing multiple options in just a few clicks. Enjoy quick, hassle-free insurance purchases at your fingertips.
Benefits of Buying Motor Insurance Online
Convenience
Buy motor insurance from the comfort of your home, anytime. Skip the paperwork and get your policy instantly with just a few clicks.
Quick Comparison
Compare quotes from multiple insurers easily to find adequate coverage at the best price. Make informed decisions without the hassle of visiting multiple offices.
Cost-Savings
We can help you save on premiums. Get maximum coverage at competitive rates without hidden costs.
Transparency
Clear policy details and easy access to terms and conditions ensure no hidden surprises. Know exactly what’s covered and what’s not before you buy.
Instant Policy Issuance
Once you make your selection, receive your policy instantly online. No waiting around—get covered right away and start driving with peace of mind.
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Frequently Asked Question (FAQ’s)
Can I buy motor insurance online?
Is it mandatory to buy motor insurance in India?
What is third-party motor insurance?
What is comprehensive motor insurance?
What determines motor insurance premium?
What is the validity period of a motor insurance policy?
Can I renew motor insurance online?