Buy/Renew Car Insurance Online

As per the Motor Vehicle Act 1988, it is mandatory to buy insurance for a four-wheeler in India. Vehicle insurance policy protects a car and a car owner from any risks and damages that may lead to huge financial loss. In short car insurance policy is a contract between the car insurance company and the car owner that provides on-road protection against any loss or damage arising due to an accident.

Now you can buy/renew car insurance online. Nowadays, it has become easy to buy or renew car insurance online, eliminating the hassle of visiting an insurance provider. Car insurer compensate for the loss or damage caused to the insured car. Suppose you buy a new car insurance policy in India, in that case, it pays for the damages caused to the car due to collision, accident, or natural calamities, which otherwise would need to be paid by the policyholder. It also pays for the hospitalization expenses in case of an accident. It will reduce the financial and legal damages that arise from a third-party liability or damage.

Renew Car Insurance Online

The premium amount to be paid by the policyholder, of the car insurance is decided on the basis of the Insured Declared Value or IDV of the vehicle. The premium rises if the IDV of the car is increased, and the premium decreases if the IDV of the car is reduced. You can easily compare all four-wheeler insurance policies online as all the details regarding insurance policies are available at a single click.

Types of car insurance policies in India:

There are majorly three types of car insurance policy available.

  1. Comprehensive Car Insurance

Compared to third-party liability insurance, a comprehensive four-wheeler insurance policy offers extensive coverage, more benefits and covers the damages caused due to the insured car in case of an accident, collision, theft, etc. A comprehensive insurance policy provides coverage for third-party liability as well as damages caused to your car. A comprehensive policy can also be extended after some time by opting for add-ons like accessories cover, engine protector, medical expenses, etc. This type of policy is less stressful for the policyholder as it offers end-to-end coverage.

  1. Third-Party Car Insurance

In a third-party car insurance policy, you are protected from financial liability towards the third party. If your own car is involved in the accident and any damage is caused to the third party, then under this policy, you are safeguarded from any legal liability. Your insurance provider will compensate you if you die, become disable, get injured, or if property damage caused to any third-party.

  1. Pay as you Drive Insurance.

This is a newly introduced product. It is mainly helpful to those who have multiple cars, and all the cars are not frequently used. It is also known as usage-based motor insurance, as this policy allows the policyholder to pay the insurance premiums as per the kilometers driven. All insurance companies do not yet offer this policy. As per the IRDA guidelines, a few insurers such as Bharti AXA, Bajaj Allianz have started offering it.


You can easily buy or renew your policy online with minimal steps.

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