Third-party Liability
Legally mandatory. Pays for injuries or property damage you cause to others -- your car is not covered.
Car Insurance
Car Insurance Online: Compare Quotes & Renew
Car insurance online: Compare quotes and renew with Insuremile. Comprehensive car insurance and zero-depreciation cover protect your vehicle against collisions, theft, fire, and natural calamities, alongside mandatory third-party liability.
Car-specific Add-ons
Extras that matter on four wheels.
- 01Zero Depreciation add-on for 100% parts replacement value
- 02Engine Protection cover for water-logging and oil-leakage damages
- 03Return to Invoice (RTI) payouts for total loss or theft cases
Coverage Options
Three ways to insure your car.
Comprehensive Cover
Full protection. Covers your car against accidents, theft, fire, floods, and third-party claims in one policy.
Own Damage Only
Covers repairs to your car without third-party liability. Buy this if your TP policy is already active separately.
Car Policy Types
Tailored motor insurance for every four-wheeler.
Third-Party Car Insurance
Fulfills legal mandate under Indian motor laws. Protects against third-party death, bodily injury, and property damage claims.
Comprehensive Car Insurance
Complete protection against accident repairs, total loss, vehicle theft, natural disasters (floods, cyclones), and malicious damage.
Pay-As-You-Drive (Usage Based)
Ideal for low-mileage drivers. Uses telemetry or odometer readings to offer up to 40% discount on annual own-damage premiums.
Top Car Add-ons
Protect your four-wheeler against costly repair bills.
- 01Zero Depreciation RiderEliminates out-of-pocket costs on fiber, glass, rubber, and metal spare parts during accident repairs.
- 02Hydrostatic Lock Engine ProtectCovers expensive engine overhaul expenses caused by water ingress during monsoon flooding.
- 03Return to Invoice (RTI) CoverEnsures full invoice reimbursement (including road tax and registration fees) in case of theft or total loss.
- 04Key & Lock ReplacementReimburses costs for replacing lost or stolen smart car keys and lock assemblies.
- 05Consumables CoverPays for engine oil, coolant, brake oil, nuts, bolts, and screws consumed during accident repairs.
Claim Support
Seamless cashless repair workflow.
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Notify Insuremile via app or phone within 48 hours of an accident or vehicle damage.
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Statutory Tariffs
IRDAI Mandated Third-Party Car Insurance Rates
Mandatory third-party car insurance rates are fixed annually by the Insurance Regulatory and Development Authority of India (IRDAI) based on cubic capacity.
| Engine Capacity (CC) | 1-Year Mandatory Premium | 3-Year New Vehicle Premium |
|---|---|---|
| Less than 1,000 cc | ₹2,094 | ₹6,521 |
| 1,000 cc to 1,500 cc | ₹3,416 | ₹10,640 |
| Exceeding 1,500 cc | ₹7,897 | ₹24,596 |
Statutory IRDAI third-party tariffs are subject to applicable GST (18%). Comprehensive policies add own-damage premium based on your car's Insured Declared Value (IDV) and accumulated No Claim Bonus (NCB).
GI Council Motor RegulationsStatutory Valuation Scale
How Vehicle Depreciation Impacts Your Car's IDV
Insured Declared Value (IDV) represents the maximum sum insured for your car under the Indian Motor Tariff. It is calculated by applying statutory depreciation to the manufacturer's listed showroom price.
| Car Age | Statutory Depreciation % | Insured Declared Value (IDV) |
|---|---|---|
| Up to 6 months | 5% | 95% of manufacturer showroom price |
| 6 months to 1 year | 15% | 85% of manufacturer showroom price |
| 1 year to 2 years | 20% | 80% of manufacturer showroom price |
| 2 years to 3 years | 30% | 70% of manufacturer showroom price |
| 3 years to 4 years | 40% | 60% of manufacturer showroom price |
| 4 years to 5 years | 50% | 50% of manufacturer showroom price |
| Exceeding 5 years | Mutually agreed | Negotiated based on roadworthiness & condition |
Official statutory IDV depreciation rates are governed by General Insurance Council (GI Council) and IRDAI rules.
Launch Official GI Council IDV CalculatorFrequently Asked Questions
Car Insurance FAQs
Answers to common questions about comprehensive vs third-party cover, Zero Dep riders, NCB retention, and online renewals.
What is the difference between Comprehensive and Third-Party car insurance?
Third-party car insurance is mandatory by law and protects against legal liabilities for damage, injury, or death to others. Comprehensive car insurance covers both third-party liability and accidental damage to your own vehicle caused by collisions, theft, fire, and natural disasters.
What is Zero Depreciation (Bumper to Bumper) car cover?
Zero Depreciation cover waives depreciation deductions on plastic, rubber, metal, and glass parts during an accident claim, ensuring the insurer pays the complete repair and replacement cost minus the compulsory policy deductible.
How do I transfer my No Claim Bonus (NCB) to a new car?
Request an NCB certificate from your existing insurer when selling your vehicle. You can then apply your accumulated NCB discount (20% to 50%) to the own-damage premium of your newly purchased car.
Can I renew an expired car insurance policy online?
Yes. If expired within 90 days, you can renew online and keep your accumulated NCB. If expired beyond 90 days, a quick digital self-inspection via smartphone photos will be conducted before the policy is generated.
Our Commitment
Need Help Choosing?
Talk to our Customer Success team. We'll help you compare garage networks, understand deductibles, and protect your four-wheeler.