IRDAI/I NTAII/BA/51/2018
CIN: U72900KA2018PTC110119
CIN: U72900KA2018PTC110119
Car insurance is a type of financial protection that provides coverage for damage to your car in case of an accident, be it through a third party or damage through your own mistake.
Usually, the components of the car are very expensive, and in the absence of insurance, the repair work can be extremely costly. This is why car insurance is mandatory these days, and choosing the best car insurance company in India ensures maximum coverage with hassle-free claim support.
A compelling reason to opt for car insurance, especially in a country like India where the law and order are not properly implemented or executed, is that although you may drive safely and follow rules, there could be an event when your car gets damaged by someone else, with no fault of your own. In such cases, relying on the best car insurance company in India provides critical financial protection to cover the cost of repair work on your car.
A car is an extremely expensive vehicle, and the engine parts, the body parts, and other accessories aren’t cheap either. Even the labour costs have gone up in recent years, making it more important than ever to be backed by the best car insurance company in India.
Types of Car Insurance Plans We Offer
Depending on your budget, there are three types of car insurance that most insurance companies provide.
The first is the normal basic cover.
The second is the comprehensive coverage, in which the premium is a little higher, but the coverage is quite high. The comprehensive coverage also includes own damage coverage, which gives you peace of mind knowing that damages from your own mistake will also get coverage. Choosing the best car insurance company in India ensures that this coverage comes with added perks and seamless service.
Then there is also the engine coverage, which provides adequate
compensation in case of engine damage. We highly recommend consumers opt for this add-on, and the best car insurance company in India
often offers it with minimal additional premium and an easy claim process.
The obvious benefit of car insurance is the coverage you get, but there are many other instances where having a policy with the best car insurance company in India can save you from unnecessary headaches after an accident.
The first and foremost is that you can avail the facility of the insurance company to tow your car back to the nearest service station in case of damage or breakdown.
The second important benefit is the zero depreciation feature. It ensures that you get full coverage on new parts, which typically depreciate year after year. The best car insurance company in India will clearly outline the zero depreciation limits and help you maximize your savings during claims.
Care has to be taken that the zero depreciation can usually be availed of only twice per year, and cars older than five years may not qualify.
Again, the best car insurance company in India will transparently mention such clauses and guide you properly.
There’s also the advantage of cashless repair work, offered by many top-tier insurers.
Additionally, you can opt for accidental death cover, roadside assistance, and vehicle theft cover—features that the best car insurance company in India provides with quick approvals and customer-first service.
Whether you are looking to buy a new policy or renew an existing one,
simply contact InsureMile, trusted by many as the best car insurance company in India, and our agents will assist you with every detail.
The most important aspect to inquire about is the IDV value of your car. The best car insurance company in India will help you understand how the IDV value depreciates each year and how it affects your coverage and premium.
Our agent will consider the IDV value, ask about your preferred coverage level, and offer quotations accordingly.
Is car insurance mandatory in India?
Yes, you cannot purchase and drive a car in India without car insurance. The best car insurance company in India will ensure you meet all legal requirements with ease.
What is a No Claim Bonus (NCB), and should I look to accumulate it?
If you don’t claim for a year, you accumulate NCB, which allows you to get a discount on your renewal. The best car insurance company in India rewards careful drivers generously with high NCB discounts.
Can I transfer my car insurance to a new owner?
Absolutely. After the ownership transfer paperwork, most policies can be transferred too. However, check with your insurer — the best car insurance company in India will offer a smooth and transparent transfer process.
We offer comprehensive auto insurance to protect you and your vehicle from any unpredictable events. Our policies protect against many different types of risks, such as accidents, theft, natural disasters, and third-party liabilities. When you travel with us, you can relax and relish the open road, knowing that you are well-protected at every turn.
With our user-friendly online platform, you can easily buy car insurance online and renew your policy with just a few clicks. Our intuitive interface ensures a seamless experience, allowing you to manage your insurance needs conveniently from the comfort of your home.
Renewing your car insurance has never been this simple. With our car insurance renewal online service, you can extend your coverage effortlessly. We understand that your time is valuable, so we’ve streamlined the renewal process to save you time and provide you with uninterrupted protection for your vehicle..
We offer reliable and affordable third-party car insurance to protect you from legal liabilities arising from accidents involving your vehicle. Our third-party coverage ensures that you meet the legal requirements while enjoying the benefits of a trusted insurance partner.
Your search for the best car insurance ends here. We tailor our insurance plans to meet your specific needs and budget. We take pride in offering competitive rates without compromising on the quality of coverage. Trust us to provide you with the best value for your money.
Ensuring customer satisfaction is our top priority, and we strive to establish long-term relationships built on reliability and trust. Our team of experienced professionals is dedicated to guiding you through the insurance process, answering your queries, and ensuring that you have the information you need to make informed decisions.
Secure yourself with a full-proof insurance against expensive damages and third party obligations.
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Meet all your costly medical requirements without worry or second thought. Just be insured with us.
Car insurance policy is an agreement between car owner and insurance company that can cover car and car owner, damages cause if you hit someone else, and other accident events. When you get car insurance policy, you are buying “car coverages,” which are essentially things your insurer agrees to pay for compensation to rectify damage car and you.
Car insurance premium is the amount you pay to insurance company on a fixed term example 12 months, in exchange for policy coverage. as your car become older, the Insured Declared Value decreases. The premium for Own Damage cover is calculated as a percentage of Insured declared value.
Car Insurance Add-ons are those covers that you buy for an extra protection for your car during loss or damages. – These add-ons increase your car insurance premium, as you get extra coverages example zero depreciation to protect your insured value you are paying extra premium for extra cover it is better to you buy if your car is less 5 years.
Compare car insurance policy is way to get best policy to suit your needs, you must explore online to get 3 insurance companies quotes before you make up mind to buy car insurance, so that you know benefits and premium of car insurance policy, you may end up save hug amount of money and insurance company may offer you better coverage based your car and driving experience. online insurance aggregator websites can get better additional free riders such as road side assistance, zero depreciation etc to save your money not only while buying and next 12 months no need to pay any extra money when you lose car or down on road.
1. Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform.
2. Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail.
3. Because InsureMile will guide you, whenever you need any assistance
You can either purchase Bundled Policy or Long-Term Liability Only Policy for
term of 3 year and 5 year for new Private Car .However, annual Package or annual Liability only policy for new Private Car is not available as it is not permitted.
Yes, it is mandatory to have a valid PUC Certificate on the date of renewal of the insurance policy.
Own-Damage (OD) cover under Bundled Policy is valid for period of one year and hence, OD section should be renewed on expiry of one-year period. However, Third Party cover under the Bundled Policy is valid for three years (for new Private Cars) or five years (for new Two-wheelers) and hence, it should be renewed on expiry of 3 or 5 year period as the case may be.
Yes, the insurance can be transferred to the buyer of the vehicle, provided the seller informs in writing of such transfer to the insurance company. A fresh proposal form needs to be filled in. There is a nominal fee charged for the transfer of insurance along with pro-rata recovery of NCB from the date of transfer till policy expiry. It may be noted that transfer of ownership in comprehensive/package policies has to be recorded within 14 days from the date of transfer failing which no claim will be payable for own damages to the vehicle.
You can calculate your car insurance premium using the formula:Premium = Own Damage Premium – (No Claim Bonus + Discounts) + Liability Premium (fixed by IRDAI) + Cost of Add-ons.
Yes, filing an FIR (First Information Report) or providing police intimation is usually mandatory in cases of partial theft involving a car.
Yes, you can cancel your car insurance policy at any time. You do not have to wait until the end of the policy period to cancel it.
No, standard car insurance does not cover 100% of the repair costs. The amount you can claim is typically reduced based on the depreciation of the car’s components.
Yes, by purchasing a Zero Depreciation Cover (also known as Nil Depreciation or Bumper-to-Bumper Cover), you can claim 100% of the repair costs without any depreciation deduction.
It does a lot, but not everything. Comprehensive insurance covers theft, fire, vandalism, hail, falling trees—you name it. But it won’t pay for collisions (you’ll need collision coverage for that). Think of it as “non-crash” protection.
Only if you declare them and purchase custom parts and equipment coverage. Otherwise, they may not be covered in a claim.
Yes, IRDAI-approved anti-theft devices can fetch you a premium discount, usually around 2.5%.
Yes. You can insure electrical/non-electrical accessories like music systems, alloy wheels, or CNG kits with added premium.
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