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Car Insurance - Everything You Want To Know

If you own a vehicle in India, it is compulsory to get it insured under a valid insurance policy. A car insurance policy covers the financial liability which arises in case the insured car injures any third party or damages any third party property. Moreover, if the coverage of the policy is comprehensive, the loss suffered by the car due to accidents or any other calamities is also covered. The Motor Vehicles Act, 1988 mandate every vehicle to be insured before it is allowed to run on Indian roads. So, by default, vehicle owners have to invest in suitable motor insurance policies for their vehicles. The car owner is the policyholder who is required to pay the premium on an annual basis.

When it comes to motor insurance, there are different types of plans depending on the type of vehicle that you own. Have a look –

Types of motor insurance

Car Insurance

Two wheeler insurance

Commercial vehicle insurance

Why You Should Buy Car Insurance Online at Paybima?

Paybima offers you a wholesome beginning-to-end experience when you buy car insurance online. Here are a few features that are exclusive to PayBima:

Why You Should Buy Car Insurance Online with PayBima
  • Find a customised list of four-wheeler insurance policies
  • Easily compare car insurance policies online and choose the one which is right fit for you.
  • Buy through the website which offers a variety of online payment options
  • Don’t miss out on any renewals or premium dates with our constant reminders and updates about your policy.
  • With our immediate assistance and swift serviceability, at PayBima we help you sail smoothly through your car insurance policy journey.

Different Types of Car Insurance Policy in India

A car insurance policy, as the name suggests, is a motor insurance policy taken for a privately owned car, i.e. a car that is used for personal purposes, not commercial ones.


Car insurance plans are also sub-divided into different types. They are as follows –

Third party liability

Comprehensive cover

Pay as your drive

Long term liability cover

Standalone own damage cover

Bundled plan

Let’s understand the different types of car insurance plans in detail –
Types of car insurance Description
Third-party liability This is the mandatory cover as required by the Motor Vehicles Act, 1988. This policy provides coverage against third party legal liabilities. It pays the required compensation for any death, injury or damage of property to any third party. For example, say your car hits an individual and causes physical injury. The financial loss suffered by the individual, due to the injury, would be covered by the policy. If the legal liability comes to Rs.50,000, the policy would pay the amount on your behalf.
Comprehensive cover This policy covers the mandatory third-party liability as well as the damages suffered by your own car due to natural or man-made causes. For example, say your car hits another individual’s car and damages it. Your car is also damaged in the process. The liability suffered from damaging an individual’s car comes to Rs.1 lakh while the repair cost for your own car comes to Rs.50,000. In this case, the comprehensive policy would pay Rs.1 lakh liability to the third party whose car you damaged. Furthermore, for your own damages, the repair cost of Rs.50,000 would also be covered.
Pay-as-you-drive This is a flexible policy wherein the coverage can be turned on and off depending on your usage of the car. You can turn the coverage on when you use the car and off when you don’t. This saves a lot on the premium cost that is otherwise payable for a policy wherein the coverage is always on. Premiums for these plans are calculated based on the kilometres you declare to cover in a year.
Long term liability cover This policy offers third party liability coverage for a continuous period of 3 years. The policy is available only for new cars that are required to carry a long term third party cover as per IRDAI’s latest rules.
Standalone own damage cover This policy covers only the damages that your car suffers. Third-party liability coverage is not allowed. A standalone car insurance policy can be purchased when you already have third-party liability insurance or you can buy them both simultaneously. For example, say you buy a new car. You would have to buy a long term liability cover on the same. Now, if you wish to enjoy coverage for your own damages too, you can buy a standalone own damage cover from the same or any other insurer.
Bundled plan A bundled policy is available for new cars. This policy allows third party liabilities for 3 years and own damage cover for one year.

Features of Car Insurance Plans

Here are some notable features of car insurance plans –

  • The long term liability cover for new cars, all other plans are annual plans
  • If you choose comprehensive car insurance plans, you can customize and enhance the coverage through optional add-ons
  • Comprehensive plans also allow different types of premium discounts, the most notable of them being the no claim discount that you earn for not making a claim under the policy
  • The premium for third party plans is fixed by the IRDA depending on the engine capacity. For comprehensive plans, however, the premium is determined by respective insurance companies. This is why premium varies across insurers and you should compare car insurance online before you buy comprehensive plans.
  • The personal accident cover is mandatory under car insurance plans. However, if you already have a personal accident cover in your name, you can skip it.
  • You can buy a standalone third party cover, standalone own damage cover and the personal accident cover from different insurers
  • Every time the cover is renewed, you can switch insurance companies easily if you want
  • You can buy car insurance policy online or offline

Coverage and exclusions in car insurance plans

Here’s a look at the coverage available as well as the instances when the car insurance policy does not pay a claim –

Coverage inclusions Coverage exclusions
A third party policy would cover the following –
  • Any third party injury or death which is a result of an accident involving your car
  • Third-party property damage that occurs because of your car A comprehensive plan, on the other hand, would cover the above-mentioned instances along with the following –
  • Damages suffered due to accidents
  • Damages suffered due to natural calamities like floods, earthquakes, lightning, etc.
  • Damages suffered due to man-made disasters like fire, theft, explosion, terrorism, etc.
  • Damages suffered when the car is in transit by rail, road, water or air
Moreover, if you opt for the personal accident cover, coverage would be allowed for the following –
  • Accidental death
  • Accidental permanent and total or partial disablement
Claims would not be paid in the following instances –
  • When you are driving without a valid license
  • When you are driving outside India
  • When you are driving under the influence of alcohol and/or drugs
  • Consequential losses
  • Depreciation and normal wear and tear of the car and its parts
  • When you are using the car in violation of its usage limitations
  • When you are using the car for a criminal or hazardous act
  • Deliberate accidents or attempted suicide

Add-ons under car insurance plans

Add-ons are additional coverage features that are available as optional benefits in comprehensive car insurance plans. You can opt for one or more add-ons as per your coverage needs. Different insurance companies offer a different set of add-ons under their car insurance plans. However, some of the most common add-ons that you can avail of include the following –

Add-on Description
Roadside assistance Provides 24x7 assistance in the case of breakdowns in the middle of nowhere. This coverage is especially necessary if you use your car in remote locations where pick-ups vans are not easily available
Zero depreciation cover This add-on is also known as bumper-to-bumper coverage wherein the depreciation is not applied on damaged parts during claim payments.In the absence of this add-on, the insurer deducts depreciation on the different parts repaired or replaced which effectively reduces the claim amount and incurs out of pocket expenses.
NCB Protect This add-on helps you protect your no claim bonus even after a claim is made. This coverage is especially necessary if you have a high NCB and you do not wish to let that go in case of a claim
Return to invoice This coverage would help you to claim the invoice value of the car without any depreciation applied on the IDVin the case of total loss or theft of the car
Engine gearbox protection This rider covers damages caused to the engine and gearbox especially due to floods or waterlogging. This coverage is especially necessary if you live in a flood-prone area or in areas with heavy seasonal rainfalls
Personal cover for passengers This add-on extends the personal accident coverage to the passengers of the car. If the passengers suffer accidental death or disablement when riding in the car, the add-on would pay a lump sum benefit for the contingency suffered
Consumables cover The cost of consumables is not covered when there is a claim. They form your out of pocket expenses. However, with this add-on, the cost of consumables would be covered by the plan
replacement cover
If you lose both the keys to your car, this add-on would cover the cost of replacing the lost keys with a duplicate set
Tyre replacement cover If your tyres or tubes suffer damages in an accident, the cost of repairing or replacing them would not be covered. However, if you choose this add-on, such costs would be covered by the plan
Loss of personal belongings In the case of theft or accident, if you lose your personal belongings that were in the car, the financial loss suffered would be covered by this add-on

The concept of no claim bonus in car insurance

No claim bonus is an incentive provided by the insurer in case you do not have any claims made in a policy year. The incentive is in the form of a discount given on the Own Damage component of a comprehensive car insurance policy. This discount can go up to 50% of the OD value.

Tenure of the Policy Percentage of NCB that can be Availed
1st Claim-Free Year 20%
2nd Claim-Free Year 25%
3rd Claim-Free Year 35%
4th Claim-Free Year 45%
5th Claim-Free Year 50%
However, NCB gets forfeited in the following cases:
  • If there is any claim made
  • If there is a break in the insurance period for more than 90 days

IDV in your car insurance policy

The Insurance Declared Value is the market value of the car and minus the depreciation. The cost of registration and the insurance premium is not included in the IDV. For accessories fitted externally and not by the factory, the value is added to the IDV. In case of a theft or accident which leads to a loss of the vehicle, you receive an amount equal to the IDV. The depreciation is applicable as soon as the car leaves the showroom. The general rate of depreciation is calculated according to the following table:

Age of the Car Rate of Depreciation
Less than 6 months 5%
More than 6 months but less than 1 year 15%
More than 1 year but less than 2 years 20%
More than 2 years but less than 3 years 30%
More than 3 years but less than 4 years 40%
More than 4 years but less than 5 years 50%
More than 5 years Mutual value decided by the insurance policy and the owner of the vehicle

Deductibles in car insurance plan

A deductible is an amount the policyholder pays for claims not covered by the car insurance policy. For example, if your vehicle is worth 100000 and your deductible is 15000, you will receive 85000 as compensation. There are two types of deductibles under car insurance plans – compulsory deductible and voluntary deductible. Let’s have a look at what they mean –

Compulsory deductible

As the name suggests, the compulsory deductible is a mandatory part of your car insurance plan. In the case of every claim, you would have to pay the compulsory deductible out of your pockets while the insurer would pay the rest. According to the Indian Motor Tariff, the compulsory deductible for cars depends on their engine capacity and is as follows -

  • Private Cars (Not exceeding 1500cc) 1000
  • Private Cars (Exceeding 1500cc) 2000

Voluntary deductible

Voluntary deductible is not compulsory. You can choose it if you want to avail yourself of a premium discount. If chosen, the voluntary deductible would be applicable over and above the compulsory deductible. You would have to pay for both these deductibles and the insurer would, then, pay the remaining amount of the claim. For example, say the compulsory deductible in your policy is Rs.1000 and you opt for a voluntary deductible of Rs.5000. Then, you have a claim of Rs.25,000. In this case, you would have to pay Rs.1000 + Rs.5000 for the compulsory and voluntary deductibles respectively. The remaining Rs.19,000 would be paid by the insurance company.

Car Insurance Companies

How to File a Car Insurance Claim?

When an event occurs, which results in loss or damage to your vehicle, you are required to file a claim. Here are is a list of information you will be required to intimate with your insurance company at the time of filing a claim:

How to File a Car Insurance Claim? with PayBima
  • Time and date of the event
  • Your car insurance policy number
  • Estimated loss
  • A brief description of the incident
  • Survey location and the insured contact details

When you have all this information, you can file a claim. The process for the same is given below -

Claim Procedure

Car Insurance Claim Process with PayBima

There are two types of car insurance claims that you can raise –


  • Cashless
  • Reimbursement

A cashless claim is one wherein the insurance company pays for the repair costs directly. You don’t have to bear the burden of the costs as they are settled by the insurer. You can avail of cashless claims at the insurer’s networked garages. On the other hand, if you get your car repaired at a non-networked garage, the claim would be settled on a reimbursement basis. You would have to bear the repair costs yourself. Later on, the costs would be reimbursed when you file a claim. Given below are the steps for both cashless and reimbursement claims -


  • Inform the insurer immediately of the claim. The company would register your claim, provide you with the claim reference number and also inform you of the nearest networked garage
  • Take your car to the garage wherein the surveyor would come for an assessment
  • The surveyor would assess the damages and prepare a claim estimate
  • The estimate would be submitted to the insurer based on which the claim would be approved
  • After approval, the garage would begin the repairs
  • The insurance company would pay for the repairs directly to the garage
  • You would have to pay the difference, if any, from your own pocket and take delivery of the car once it is repaired


  • Inform the company immediately of the claim. Register the claim and get the claim reference number
  • Make sure you get an inspection done by a company surveyor before getting your car repaired.
  • Bear the expenses of the repairs yourself
  • After the repair is completed, collect all the bills and invoices in original
  • Fill up a claim form and submit the bills and invoices to the insurer
  • The company would verify the costs and reimburse you for the expenses incurred
  • Furthermore, you can also incur a third party claim or a theft claim. The process for both is described below –


  • Inform the insurance company of the claim. Register your claim with the insurer and get a claim reference number
  • File a police FIR
  • The claim would be taken to the motor accidents claim tribunal which would rule the amount of liability that you have suffered
  • After the tribunal gives its ruling, inform the insurance company of the same
  • The insurance company would pay the compensation directly to the third party


  • Inform the insurance company of the claim. Register your claim with the insurer and get a claim reference number
  • File a police FIR for the theft
  • The police would try and locate your car. If they are unsuccessful, they would issue a non-traceable certificate
  • Fill up a claim form and submit this certificate to the insurance company along with other claim-related documents
  • The insurer would pay the claim amount after verification

Documents required for Filing Four Wheeler Insurance Claim

You should submit a complete set of documents so that your car insurance claim is processed easily. So, here are the documents you need to apply for a four-wheeler insurance claim:

Documents for Filing Four Wheeler Car Insurance Claim With PayBima
  • The policy bond
  • Duly filled and signed Claim Form
  • Valid government-issued photo identity card
  • Copy of MCR if someone else or his vehicle or property is damaged
  • Copy of FIR in case of theft
  • Copy of Driver’s License
  • Copy of the RC book
  • Non-Traceable Certificate, in case of theft
  • Cancelled Cheque of your bank account, in case of a reimbursement
  • All repair bills, in original, in case of a reimbursement

How to buy car insurance plans?

IYou can buy car insurance plans through two modes, as stated earlier. The details of these modes are as follows –


Under this mode, you would have to either visit the insurance company to buy the policy or find an insurance agent or broker who sells car insurance plans. You would have to fill up a physical proposal form stating your car’s details and then pay the premium through cash, cheque or draft. The premium and the proposal form would be deposited to the insurance company which would, then, check and verify the details. Once verified, the company would accept the premium and issue the policy. This process might take a few days.


The online mode of buying car insurance is much simpler and instant. You can visit the website of the insurance company or an aggregator website to buy the car insurance policy. You would have to fill up an online application form and pay the premium through digital payment modes. Once the application is submitted, it is verified instantly. Moreover, the digital payment is also credited to the insurance company’s account instantly which allows the insurer to issue the policy within seconds.

Benefits Of Buying Car Insurance Policy Online

As mentioned earlier, you can buy a car insurance plan both online or offline. The online mode, however, has distinct advantages and is preferred over the offline mode. Here’s a look at the advantages offered by a car insurance policy online –

Why You Should Buy Car Insurance Online at PayBima?

PayBima offers you a wholesome beginning-to-end experience when you buy car insurance online. Here are a few features that are exclusive to PayBima:

Why You Should Buy Car Insurance Online With PayBima
  • Find a customised list of four-wheeler insurance policies
  • Easily compare car insurance policies online and choose the one which is the right fit for you
  • Buy through the website which offers a variety of online payment options
  • Don’t miss out on any renewals or premium dates with our constant reminders and updates about your policy
  • With our immediate assistance and swift serviceability, at PayBima we help you sail smoothly through your car insurance policy journey

How to Renew Car Insurance Online at Paybima

You can forget about calling your agent or fixing an appointment with your insurance company for renewals. Paybima not only offers an online renewal of policies but also sends out regular renewal reminders. To renew your car insurance policy, Paybima offers a very simple and hassle-free process. First, you need to fill in your details or login into our portal. Your profile page will show you your active and lapsed insurance policies. You can simply select the policies you wish to renew and click on the renew button. Make the payment through multiple payment options on the subsequent page, and your policy renewal is complete. Paybima offers you the ease of choosing and comparing car insurance policies along with post-buy services on these policies.

How to Compare Car Insurance Policy at PayBima?

The process to compare car insurance policies on PayBima is quick and easy. You simply need to follow the steps mentioned below:

  • Visit the company website and go to Car Insurance, or simply click
  • Then select the RTO where your car is registered, manufacturer name, model, variant and purchase/registration date
  • If you are renewing your car insurance, then you’ll need to provide details of your previous policy e.g. policy expiry date, existing NCB and number of claims made etc.
  • Based on the details shared, you will get instant quotes from all leading insurers for your car. PayBima ensures that you get a lot of choices and are thus able to select a plan that suits you the most.
  • At a given time, you can select up to 4 online car insurance policies. Once selected, click ‘Compare’
  • This will lead you to a comprehensive table that lists all the benefits of your shortlisted policies. You can take your time and choose the best one for you and your family.
  • You can compare car insurance plans based on their IDV, coverage, premium and add-ons available and choose a car insurance policy that best suits your needs and proceed to the proposal form
  • On completing the proposal form, you can review all details shared till now on the summary page and choose to make payment
  • After the premium is paid, the car insurance policy or your four-wheeler insurance gets generated. You would get the soft copy of the policy immediately in your email. The hard copy would be sent within 7 days

How to Avail Car Insurance Quotes Online at Paybima?

Paybima offers you an uncomplicated experience for buying your car insurance policy online.

Car Insurance Quotes Online With PayBima
  • First, you need to fill up a form posted on every page of our website. This form will ask for your basic details. Once done, you click on the ‘Get Quote’ button which leads you to a host of policy options customised according to your needs.
  • Paybima offers you a variety of car insurance policies from top insurance companies. This list quotes the premium and the basic details of every policy. You can click on each policy to view their detailed information.

FAQs About Car Insurance

A car insurance policy is mandatory as per the rules of the Motor Vehicles Act, 1988. Thus, to legally drive your car in India, you need to have at least a third party car insurance policy. Moreover, the policy will provide financial assistance in case of third party property damages caused by your car in case of accidents. In case an individual suffers an injury or dies due to the car, you can face a considerable financial liability for the loss caused. The policy also covers this liability and gives you financial relief. Moreover, opting for a comprehensive car insurance policy will also help cover the damages suffered by your car in case of accidents or theft. Such policies pay for the repair of the car or compensate you financially in case of thefts.

It is always recommended to compare car insurance policy before making a purchase. Following are some of the reasons to do so:

  • best plan There are a lot of car insurance policies available in the Indian insurance market. Each plan promises something better than the other. To know the difference between the different plans, you need to compare car insurance plans.
  • Choose a higher IDV The IDV stands for your car’s Insured Declared Value. This value reflects the market price of your car after being adjusted for depreciation. Different policies fix the IDV in a different manner. That is why you see different IDVs offered for the same car. Ideally, you should opt for the highest possible IDV to maintain the value of your car.
  • Get the best premium rates Just like the IDV is different across different car insurance plans, the car insurance quotes vary. Needless to say, you would want the lowest possible premium for your car insurance policy. You can choose the best premium rate when you get to compare the different plans before you buy one.
  • Get extensive coverage The coverage features across different car insurance plans also vary. Some companies might have all the covers required for you while others might not offer so. If you want your plan to have all-inclusive coverage you should compare different plans and choose a plan which has the required coverage features at the best rates of premiums.
  • Avail of higher discounts Car insurance policies offer attractive rates of discounts which help in reducing your premium outgo. To search for the highest rate of discounts you have to compare car insurance policy online because different plans allow different discount rates.
  • Get cashless garage service Every car insurance company has a tie-up with a number of garages across the country. However, it is always recommended to go for a company that has an exhaustive network of such garages. When you compare car insurance policies online, you can hence compare which insurers have higher network garages available at your location.

To choose the best car insurance policy, you should compare the different plans available in the market. The online mode has eased the entire comparison process. While comparing, you should look at the following parameters to choose the best policy –

  • IDV - the IDV of your car is its market value after deducting the age-based depreciation. IDV reduces every policy year as your car ages. You should choose the highest IDV to enjoy maximum coverage.
  • Coverage features – once you are done with the IDV of the policy, look at the coverage features promised under the plan. Try and opt for a plan which has all the coverage features inbuilt in it for the maximum scope of coverage.
  • Premium rate– since you would be paying the premiums out of your pockets, try and choose a plan which has the most reasonable premium rate. When comparing premiums keep an eye out for the coverage features. Don’t skimp on the coverage to get a lower premium. The coverage vis-à-vis the premium should be balanced.
  • Add-ons available – there are add-on covers in car insurance policies that provide great benefits. Look for the available add-ons to enhance the coverage of your policy.
  • Discounts available – car insurance plans allow premium discounts for various factors. Look for the maximum discounts to minimise premiums
  • List of networked garages – you can get a cashless claim settlement if you get your car repaired at a networked garage. The best car insurance policy would be the one with the largest network of preferred garages.

The legal liability of a car insurance policy covers a paid driver of the policyholder. The policy will cover the driver’s injury or loss of life in case of an accident. The legal liability cover will provide compensation to the driver and his family.

Yes, there are policies that you can take cover for the accessories fitted in your car. These accessories are separate from the in-built accessories. Four-wheeler insurance can cover external electrical and non-electrical accessories. The cost of these accessories is declared separately from the IDV (Insured Declared Value).

Accessories that are not fitted by the car showroom are calculated separately from the Insured Declared Value. The insurance takes into account the cost price and depreciation rate. Depreciation covers the following:

  • Nylon/plastic parts, rubber parts, tubes and tyres, batteries, and airbags - 50%
  • Fibreglass parts - 30%
  • Parts made of glass – nil

Yes, but only if the person driving the car has a valid driving license. However, the accidents specified under hazards in the policy are covered. If the owner was driving the vehicle, they are covered by the car insurance policy. When you choose or compare car insurance online, you need to study the policy minutely to understand who is covered and not covered.

Yes, you can insure a car fitted with CNG if it is using a bi-fuel system. The kit should have petrol/diesel or petrol/CNG. It will be insured at an additional premium of 4% on the original cost of the fuel kit. Make sure you specify the CNG system in the proposal form when you buy car insurance policy online.

The insurance policy is valued at the car’s IDV which decreases every year. In case of a theft or total loss of the car, the compensation paid to the owner is the depreciated value of the car based on the age of the vehicle. This add-on ensures that in such cases the invoice value of the car is paid without factoring in depreciation. This cover might be available for cars up to the age of 3 years as per the underwriting policy of the insurance company.

During heavy rains, driving your car through flooded roads can lead to engine and transmission box seizures due to water ingression. Repairing such damages can be a very costly affair. This cover will compensate for such damages caused to the engine and gearbox due to rain or flood. It also covers damage caused to the engine by leakage of lubricant or coolant due to accidents. The insurer will pay for the repair and replacement of all the internal parts and also compensate for the labour costs involved, costs of lubricants or consumables required to undertake the repairs. This cover can be opted for cars up to 3 years of age.

Premium is the amount that you pay to the insurance company for the coverage that the insurer is allowing under its car insurance policy. The insurance company covers specific financial risks and for covering your risks you have to pay a premium for the policy on an annual basis. The premium payable on a car depends on:

  • Type of vehicle
  • Age of vehicle
  • Period of coverage (1 year or 3 years bundled cover for a new car)
  • Add on covers opted
  • Any applicable discounts/loadings, as per the underwriting rules of the insurer in case of break-in cases

You can pay premium online through one of the various modes of payment offered by insurance companies. Once you have shortlisted a car insurance plan and filled the proposal form, you will be redirected to the payment page of the insurance company. You can then choose to pay through credit or debit cards, net banking, wallets or UPI.

Yes, you would be required to pay premium again. However you can avail the benefit of No Claim Bonus offered by your insurance company. Through this benefit, you can get discount of upto 55% on own damage component of your insurance premium depending on number of claim free years and the insurance company’s policy.

The premium of your car insurance policy depends on the place where the car is registered. If the car is registered in a metropolitan city, the premiums would be higher. Even if you use the car in a non-metro city while the car has the registration number of a metro city, the premium for a metro city would be applicable.

If the vehicle is modified for a specially-abled person, typically, a discount of 50% is offered. The discount is applicable on the Own Damage component premium for such modifications. It is also available for institutions engaged with the specially-abled in their operations.

Yes, discounts are offered to members of accredited automobile associations. The policy may allow up to a 5% discount on the premium but not exceeding Rs. 200. While discussing the car insurance policy with the insurance company, you should get clarity on the associations that are covered.

Yes, if you install an ARA-approved anti-theft alarm or locking system, you get a discount. It is covered under Own Damage (OD) of the car insurance policy on the Own Damage (OD). You can check out and compare car insurance quotes online for further information.

Automotive Research Association of India or ARAI is the body that approves anti-theft and locking systems for vehicles. If a vehicle is installed with such devices, the car insurance companies offer a certain discount on the OD.

Insured will have to bear the following charges:

  • The amount of depreciation as per the rate prescribed in case zero depreciation cover is not availed
  • The reasonable value of the salvage
  • Compulsory and voluntary deductions under the policy, if insured have opted for it.

If an accident has occurred during the policy period, the car insurance claim is valid even if it is made after the policy has expired.

A car insurance policy claim made during the policy period affects the NCB (No Claim Bonus) offered by Insurance Companies upon renewal. The more claims you make, the higher is the premium you will pay. Calculate the premiums versus the claims before opting for an insurance policy.

The insurance company can deny your claims in various instances. If you make a claim for an excluded coverage, the claim would be denied. If the claim process is not properly followed and you did not submit the required documents, the claim would be denied. Fraudulent claims are always denied by the insurance company. Moreover, if your car insurance policy has expired and you did not renew it, any claims made on the policy would be denied if the event occurred after the policy expiry date.

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