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Car Insurance

Hello, and Welcome to Covefox! Are you looking for a new car insurance plan? We’ve got you covered. Get the best of both worlds - superior car coverage and attractive premium - with our fast, hassle-free, online process. Get the policy delivered straight to your inbox in LESS THAN 5 minutes. We have 20+ plus insurance partners from among whom you can choose a policy that best suits YOU! So stay calm and let us take care of ALL your insurance needs.

Advantages of Car Insurance Policy

  • Owner Cover
  • Owner cover up to 2 lakhs in case of a car accident
  • Add-Ons
  • Extensive coverage with add-ons for passengers and the car
  • Get Discount
  • Get a pre-negotiated discount of up to 75%*
  • Cashless Garages
  • Cashless claim settlement benefit at around 3000+ garages
  • What is Car Insurance?

    Car insurance, also known as motor or vehicle insurance, is insurance for cars, trucks, cabs, and other four-wheeler plus vehicles. The primary purpose of car insurance is to provide financial protection against physical damage from road accidents and liability resulting from third-party vehicles/property/person incidents.

    Importance of Car Insurance in India

    • A Car Insurance policy protects you from unexpected and unlikely events. Here are some scenarios where a four wheeler insurance can act as a lifesaver.

    • Let's say you own a 1-year-old standard hatchback with an Insured Declared Value (IDV) of Rs. 4,00,000, but sadly, don't have four-wheeler insurance. Following are the approximate expenses that you might incur if your car was to meet with an accident:

    DAMAGES EXPENSES
    Frontal Damages Rs. 25,000
    Windshield Damages Rs. 6,000
    Bumper Damages Rs. 5,000
    Bonnet Rs. 6,000
    Fender Rs. 5,000
    Headlight Rs. 3,000
    Total Rs. 50,000
    • In short, no Car Insurance = Financial Expenses + Emotional Distress + Inconvenience. The total third-party property damage cover is Rs. 7.5 lakhs. In case of physical injuries/death of a third party, the decision on compensation amount rests with the court.

    • To prevent such a disaster, you can avail of a Personal Accident Cover at an additional premium. This cover provides compensation up to a maximum Sum Insured of Rs. 15 Lakh in case of:

    NATURE OF INJURY SCALE OF COMPENSATION
    Death 100%
    Loss of two limbs or sight of two eyes or one limb and sight of one eye. 100%
    Loss of one limb or sight of one eye 50%
    Permanent total disablement from injuries other than named above. 100%

    Disclaimer: The above cost is just an assumed figure, and the actual price will vary as per the extent of damage caused by the accident.

    Benefits of Car Insurance Policy

    Apart from being compulsory, car insurance also provides a wide range of benefits that make it a necessary product for India’s car owners. Some of these benefits include-:

    • Coverage against any loss or damage caused to the insured vehicle

    • Coverage against loss or damage caused by accidents, fire, theft, self-ignition, explosion, lightning, riots, terrorist activities, or natural calamities.

    • Personal Accident cover

    • Coverage against financial liability caused by an injury or death of a third party person or damage to the property

    • Claim Settlement ratio of Best Car Insurance companies

    With several players in the car insurance industry, only a few offer the best claim settlement ratios and have made their mark. Here’s an exhaustive list of the companies that provide four-wheeler insurance plans with the best settlement ratio:

    INSURANCE COMPANY INCURRED CLAIM RATIO (%) for 2018-19
    National Insurance 127.50
    HDFC ERGO General Insurance 82
    Bharti AXA General Insurance 75
    IFFCO Tokio General Insurance 87
    Future Generali India Insurance 69
    ICICI Lombard General Insurance 74
    Cholamandalam MS General Insurance 84
    Magma HDI General Insurance 78.49
    Liberty General Insurance 77.29
    Bajaj Allianz General Insurance 69.19

    Table last updated on 11th September 2020.

    Disclaimer: The above information has been sourced from IRDAI’s Annual Report (2018-19).

    Types of Car Insurance in India

    Third Party Car Insurance

    This type of policy compensates the damages to a third party and their property. It’s best for those planning to insure their car just because it's mandatory to do so. Here are the current premium rates:

    The quote that you get for TP cover is the sum of its components, which include:

    • The basic third-party premium
    • Premium for Personal Accident Owner Driver Cover – Rs. 100
    • Goods and Service tax – 18%
    • The basic premium for third-party depends on the cubic capacity. These rates are revised each year by IRDA. From 1st April, 2017, the third-party insurance rates are:

    Comprehensive Car Insurance

    This type of policy covers damages to the third party as well as your car. It is best for those wanting to cover for losses for accidents and incidents such as theft and natural disasters. The quote that you get for comprehensive coverage is the sum of its components, which include:

    • Third-Party premium
    • Own Damage premium
    • Premium for Personal Accident Owner Driver Cover – Rs. 100
    • Charges for additional coverage (add-ons)
    • Goods & Services Tax – 18%

    Note: The term ‘IDV’ refers to the maximum claim your insurer will pay if your vehicle is damaged beyond repair or Suppose the insured declared value(IDV) of your car is Rs. 8 lakh now while the purchase when you buy the policy. It means the insurer will disburse a maximum amount of Rs. 8 lakhs.

    Additional Covers in Car Insurance

    ZERO DEPRECIATION COVER
  • This add-on is for the repair or replacement expenses of plastic, rubber, glass, and other materials that standard policies would otherwise not cover.
  • NCB PROTECTION
  • This add-on provides a discounted premium on your no-claim bonus year-on-year, even after claiming during the policy period.
  • ENGINE PROTECTION
  • This add-on is for the times when the monsoons are at their destructive worst, and leave your car's engine vulnerable to flooding.
  • INVOICE COVER
  • This add-on helps you recover as much as the car's on-road price or Insured Declared Value in total loss (such as theft or a terrible accident).
  • Inclusions and Exclusions in Car Insurance

    INCLUSIONS

    • Own Car Damage for all damages that occur to your car due to accidents
    • Personal Accident Cover, in case of death or permanent disability in an accident, the insurer compensates you
    • Financial protection from Natural Calamities such as floods, earthquakes, etc.
    • In case of Theft, your insurer will pay an amount equal to your IDV
    • Coverage of damages caused by Man-made disasters, including riots, strikes, fire, and terrorism

    EXCLUSIONS

    • Damages and injuries caused while driving under the influence of alcohol
    • Loss and damage caused due to war and nuclear risk
    • Accidental Damages caused while you were using your car for illegal activities
    • Losses incurred while driving without a valid license
    • Regular mechanical expenses due to consistent wear and tear

    Best Car Insurance Plans in India

    Best Car Insurance Plans Cashless Garages Network Claim Settlement Ratio 2018-2019
    Bajaj Allianz Car insurance 4000+ 62%
    Bharti axa Car insurance 5200+ 75%
    Cholamandalam Car insurance 6900+ 84%
    Digit car insurance 1400+ 76%
    Edelweiss Car Insurance 1000+ 145%
    Future Generali Car Insurance 2500+ 69%
    HDFC ERGO Car Insurance 6800+ 82%
    IFFCO Tokio Car Insurance 4300+ 87%
    Kotak Mahindra Car Insurance 1000+ 74%
    Liberty Car Insurance 4300+ 70%
    National Car Insurance NA 127.50%
    New India Assurance Car Insurance 1100+ 87.54%
    Oriental Car Insurance NA 112.62%
    Raheja QBE Car Insurance 1000+ 102%
    Reliance General Car Insurance 3700+ 85%
    Royal Sundaram Car Insurance 4600+ 89%
    SBI Car Insurance 5400+ 87%
    Shriram Car Insurance 1500+ 69%
    Tata AIG Car Insurance NA 70%
    United India Car Insurance 700+ 120.79%
    Universal Sompo Car Insurance NA 88%

    Update Date: Network Garages List Last updated on 03rd September 2020.

    Disclaimer: The above information on Incurred Claim Ratio has been sourced from IRDAI’s Annual Report (2018-19). The cashless garages network information has been collated from Insurance Company's Website.

    How to save on Car Insurance Premium

    • Choose The Right IDV: A lower IDV demands a more down premium payment. (But, compute wisely - since IDV is the utmost value the insurer can compensate you with)

    • Avail No Claim Bonus: Under this benefit, you get up to 50% on your premium for every consecutive claim-free year.

    • Install Security Devices Install: You can get up to a 2.5% discount on your four-wheeler insurance premium if you have installed anti-theft devices approved by the Automotive Research Association of India (ARAI).

    • Become AAI Member: Membership of the Automobile Association of India secures you a concession on own-damage premium.

    Key Features of a Car Insurance

    • No Claim Bonus: An NCB is a discount offered to the policyholder for not making any claims over the previous years. This cover rewards them by providing a discount of up to 50% on the following year’s premium payment.

    • Own Damage: Comprehensive car insurance plans provide their damage cover. Own damage covers the damage that occurred to you and your vehicle during an accident.

    • Third Party Damage: This includes the damages to a third party or third party’s property.

    • Cashless: This feature provides a cashless facility across several cashless network garages across India. With this feature, the garage directly settles the bill with the car insurance provider.

    • Customizable Add-ons: You can get additional riders for your car insurance plan such as NCB Cover, Accidental Death Cover, OD cover, Zero Dep, etc.

    • Claims Process: To intimate a claim, simply call the 24x7 customer service of Coverfox.com, and a dedicated team of experts will be ready to assist with the entire process of the claims process.

    • Claim Settlement: On processing the claims, and after submitting the relevant documents for verification, the insurer will begin the claim settlement process.

    Benefits of Buying Car Insurance through Coverfox

    • Easy Comparison: With Coverfox, you can easily compare different quotes across different insurance plans and providers on a single webpage.

    • No More Agents: The entire process is online, no more agents, no more extra commission. It is a completely hassle-free process.

    • No Paperwork: Since the entire process is online, there is no paperwork involved. You simply have to upload the documents.

    • Convenient and Saves Time: Buying a car insurance plan online is not only cheap, but it saves time as you are not required to visit the insurer’s office.

    • Quick Receipt of Policy: On the premium’s online payment, we email our policy into your inbox within 24 hours.

    • Cashless Facility: The car insurance policy provides a cashless facility in its network garages across India.

    • Easy to Buy Online: It is easier to purchase a car insurance plan as you can pay directly via net/credit/debit card banking.

    How Car Insurance Comparison Helps?

    Here's how comparison will help you:

    • Better Premium Rates: It is unlikely that all insurers will offer the same coverage and premiums. Comparison helps you to get the ideal coverage at a suitable premium. At Coverfox, you can compare car insurance quotes from 12+ top insurance companies of India in a matter of seconds and get the best possible premiums for your car policy.
    • Customizable Policy: You can customize your policy in terms of selecting the type of car insurance policy, car's Insured Declared Value (IDV), and Add-ons.
    • Vehicle Trends: At Coverfox, when you compare car insurance online, we help you to find the right policy by sharing what people having the same car model are buying and which is the preferred car insurer by people living near your location.
    • Add-on Covers: Coverfox's comparison tool helps you check and compare different insurers’ add-ons. However, not all insurance companies provide every add-on. You can compare which companies give you the add-ons you need, which don’t make your choice accordingly.
    • Discounts: Every insurance provider gives some discount against the Own Damage component of your car policy. This discount varies from insurer to insurer for your car. At Coverfox, we have negotiated up to 60% discounts with the insurance companies!
    • Cashless Network Garages: Compare and check the exact garages under 'Cashless claims' for every insurance company. You can use our handy car tool to get the list of cashless garage networks.
    • Side-to-side comparison: Compare four-wheeler insurance policies side-to-side on aspects like premium, IDV, add-ons available, deductibles, discounts offered, etc. to find the right plan. We make the evaluation process more comfortable and help you boil down to your vehicle’s suitable plan.
    • Expert Advice: We at Coverfox provided expert advice and informed, unbiased opinion that clears confusion that helps you buy the perfect plan.
    • Post Sales Assistance: At Coverfox, we have service managers who assist you with your post-sale requirements - from claims processing to car insurance renewals! They are like superheroes, but only better.
    • Express Claims for Free: Coverfox’s Express Claims Service guarantees three-day car repairs and claims settlement. Just give us a call, and we’ll do the rest. It’s a door to door service, so you don’t have to move an inch!

    Benefits of Comparing Car Insurance Policies Online

    • CONVENIENT: Check quotes from the top car insurance companies in India instantly, hassle-free. Compare policies from your home’s comfort, or even on the go, with a site like Coverfox.

    • CLARITY OF POLICY DETAILS: You get to understand the ideal coverage for your car, the right price, and possible discounts. You also get clarity about deductibles and exclusions. It fastens up your buying decisions.

    • NUMEROUS OPTIONS: With vast options to choose from, you can assure yourself the best policy that is apt for your car. Making a comparison, you also get to know if there are new insurers in the market with better schemes to offer.
    • SAVE MONEY: You can save money in the overall process of buying car insurance by comparing policies. A side-by-side comparison gives you free quotes offered by various insurers.

    • TRANSPARENCY: Comparing car insurance online is much better as you can see details of the product that insurers offer. You can compare to see who is charging higher premiums and on what grounds. Further, you can also read reviews of different plans to make your choice. You get what you see!

    • GET SMARTER: Online car insurance comparison platforms have tons of resources like videos, infographics, and articles to help you understand insurance’s finer points. Be a smart and tech-savvy buyer, and know what you are buying. You'll never have to rely on an agent again!

    Why Compare Car Insurance Policies from Coverfox ?

    • Expert Advice - Expert advice and an informed, unbiased opinion that clears the confusion and helps you buy that perfect plan for you. Can it get any easier?
    • Pos-Sales Assistance - Service Managers who assist you with all your post-sale requirements - from claims processing to renewals! They are like superheroes, but only better.

    What is Covered in Coverfox Car Insurance?

    1. Personal Accident - Damages because of a third party’s negligence

    2. Accident - Damages due to car accident including OD+TP

    3. Fire - Damages arising due to fire, explosion, etc.

    4. Natural Disasters - Damages arising out natural, man-made disasters, floods, hurricanes. Landslide, avalanche, earthquake, etc.

    5. Theft - Loss of vehicle due to partial or complete theft

    Benefits of Car Insurance Renewal through Coverfox

    • 60% Discounts Get up to 60% discounts on your own-damage premium. The discount rates vary for each Car make, model, and RTO. Check out the rates of car insurance online against your car!
    • Unbiased Expert Advice We have a team of experts to help you pick the right car insurance policy. We recommend listening to their advice and making your own decision. Car Insurance Renewals also becomes a straightforward task because of our expert's unbiased advice.
    • Post-Sales Assistance Our service managers help you with any concern from claims processing to car insurance renewals. Are you Confused about a clause? Need something changed? Want to file a claim? We are here to help.
    • Express Claims Services for Free Have you damaged your car? No need to wait for many days to get it back on the road. Our Express Claims Service guarantees three-day car repairs and claims settlement. Just give us a call, and we’ll do the rest. It’s a door to door service, so you don’t have to move an inch!

    Car Insurance Renewal Checklist

    While renewing your car insurance renewals online, leave no scope for ‘blind spots’.

    • Apt Coverage: If you only have a third-party plan, you need to consider getting a comprehensive policy. It will cover you against the hefty expenses of repairing your car in case of an accident.
    • Check IDV: You need to get suitably compensated in case of theft/loss. Depending on your car's age, re-evaluate your car's Insured Declared Value against premiums. By this, you'd know if you have got the best price.
    • Claims Check: This makes a huge difference. If you haven’t checked your previous insurer’s claims ratio, don’t skip verifying it now.
    • Check Cashless Garages: Make sure you look for the cashless garages near your area to provide your car’s repair services.
    • Ideal Add-ons: If you were not aware of how add-ons can help you during claims, this is the time. If your car’s age is less than five years, consider covers like Zero Depreciation or Engine Protector or Return to Invoice.
    • Deductibles & Discounts: Check if you’ve got all discounts that you are eligible to receive. A deductible indicates the amount you will have to pay every time before the claim. If your policy includes it, ensure that it fits your budget.

    Buy/Renew Car Insurance Online in Simple Steps

    It is very easy to buy/renew car insurance online.

    1. Simply visit Coverfox.com and
    2. Select the right plan
    3. Request a call back from the website as well.

    How to Claim Car Insurance?

    In case of a Third-Party Claim

    • In case of a third-party claim where you have received a legal notice from the third party, you need to inform your insurer immediately.
    • A copy of your RC book, FIR, Driving License, and the legal notice that requires submission.

    • he insurer will verify the documents and the case, and accordingly, a lawyer will be appointed.

    For damages to own vehicle

    • In case of damage to your vehicle, intimate a claim immediately by calling your insurer. You need to submit the claim form along with the relevant documents.
    • Post submission, a surveyor will be sent to assess the damages sustained by your vehicle.

    • The surveyor will further send the vehicle to the garage for repairs post-inspection.

    • The company will reimburse the claims as soon as the insurer gives the car’s repair services approval.

    In case of stolen vehicles

    • In case your car is stolen, you need to file an FIR immediately, and a copy of the FIR has to go to the insurance company.
    • An investigator will be assigned by the insurer to check the validity of the theft.

    • Post-inspection, the claimant must submit a duplicate key of the stolen vehicle to the insurer and a letter of subrogation and other documents and duly filled forms.

    • Post submission, the claim amount will be disbursed by the insurance company.

    Documents Required for Claim Settlement

    In case of third party

    • Name of the insured individual

    • Policy number

    • Contact number

    • Date and time of the accident

    • Number of the vehicle

    • Make and model of the car

    • Location and extent of loss

    • Name of the garage along with contact information

    • Brief description of the accident

    In case of theft

    • Original policy document or certificate

    • Registration book along with theft endorsement from the concerned Regional Transport Office plus tax payment receipt

    • Details of the insurance policy, such as policy number, the period of insurance, and the insurance company

    • All sets of service booklets, keys, and warranty cards

    • FIR or police panchnama along with JMFC report or final investigation report

    • Acknowledged copy of letter addressed to the Regional Transport Office intimating theft

    In case of an accident,

    • Proof of insurance – cover note or policy copy

    • Registration book copy and original tax receipt

    • Driving license copy along with the original (of the individual driving the car at the time of the accident)

    • FIR or police panchnama (for bodily injuries or death or damage to third party and/or his/her property)

    • Estimate of the cost of repair

    • Payment receipts and repair bills following the completion of repairs

    How to Calculate Car Insurance Premium?

    You can calculate car insurance premiums with the help of a car insurance premium calculator. It is a free, online tool. Simply input the vehicle details and click on submit. The program will automatically calculate the premium for your car.

    How to Compare Car Insurance Quotes Online on Coverfox.com?

    Simply visit Coverfox.com and click on buy car insurance. Enter the details of your car and click on submit. The page will showcase the top ten car insurance quotes from different insurance companies, alongside each plan’s features and benefits.

    • Additional Covers: This includes the various riders available for your existing car insurance plan.

    • Car, make, model and variant: These features help determine the right cover and premium.

    • Year of Manufacture: Cover based on the manufacture year of your vehicle’s or car.

    • CNG Fitted Car: A car that consumes CNG as fuel.

    Why Do You Need Car Insurance?

    • Mandatory by Law: As per the Motor Vehicles Act, 1988, it is compulsory for every vehicle to have a third-party insurance plan.
    • Peace of Mind: You have complete peace of mind as you are sure that you have personally filled all the correct and relevant information at the time of buying your insurance policy.
    • Saving Time: You can buy and renew a car insurance policy instantly. It saves your time and provides you the convenience of your home comforts.

    Standalone Own-Damage Car Insurance Policy

    Own-Damage (OD) Insurance, as the name suggests, helps policyholders stay covered against loss or damage of their vehicles due to incidents like fire, theft, etc.

    Previously, individuals could only avail a third-party cover separately, and not an own-damage cover. Those seeking an OD cover had to avail it in combination with third-party insurance. Now, companies have the option to offer comprehensive car insurance policies, stand-alone own damage covers and third-party policies. Certain add-on covers that can be availed with a standalone own-damage policy vary from one insurance company to another. However, some of the common add-ons offered are:

    • Zero Depreciation Cover

    • NCB Retention Cover

    • Engine Protector Cover

    • Key Replacement Cover

    • Roadside Assistance Cover

    According to IRDAI, policyholders can now renew the OD component of a bundled cover falling due on or after September 1 with the same insurance provider or a different one. It is essential to note that companies will only issue a standalone own-damage cover or renew the OD component of a bundled cover, if the applicant already has a third-party cover in place or takes one simultaneously. While having a standalone OD policy is optional, users are advised to consider opting for it since it safeguards the insured car from loss or damage caused by accidents, theft, etc.

    You happy. We happy.

    Car Insurance FAQ's

    (1) What is Third-party Car Insurance?

    Ans: A Third Party Car Insurance Plan is a type of car insurance cover that provides protection only against:

    • Damages caused to a third party/person
    • Damages caused to a third party/person’s property
    • Legal council in case of death/injuries to third party
    • It does not cover damages to you or your own motorbike

    (2) What is Zero Dep in Car Insurance Policy?

    Ans: Zero Depreciation is a type of additional rider or add-on option that:

    • Offers complete protection without taking depreciation factor into consideration
    • You get compensated up to the current IDV
    • Zero dep comes at the cost of additional premium

    (3) What is the meaning of the term IDV in car insurance?

    Ans: The term IDV stands for Insured Declared Value. It refers to the:

    • Maximum value your insurer will pay you
    • In case of complete theft or loss or your four wheeler
    • The sum insured is fixed since the inception of the policy
    • Comes only with a comprehensive car insurance plan

    (4) How and When to renew car insurance Online?

    Ans: You can easily renew car insurance online. Follow these mentioned steps:

    • Visit your insurer’s website
    • Login with your Registered User ID, Password and Policy Number
    • Select the Renew/Pay Premium Option
    • Make the Payment Online
    • Your Policy will be Renewed
    • It is best to renew your car insurance before the due date or policy expiry date.

    (5) What If I lose my online policy?

    Ans: If you lose your online policy, please follow these steps:

    • Contact your insure immediately via phone or in person
    • Tell them to send you another copy
    • Login to the insurer’s website
    • Download the PDF version of the policy document
    • You can also request for a physical copy of the same.

    (6) What If I lose my online policy?

    Ans: If you lose your online policy, please follow these steps:

    • Contact your insure immediately via phone or in person
    • Tell them to send you another copy
    • Login to the insurer’s website
    • Download the PDF version of the policy document
    • You can also request for a physical copy of the same.

    (7) Is there a need to file a First Information Report to raise a claim?

    Ans: You are only required to file a first information report under the following cases:

    • Claims due to car theft
    • Physical damage due to riots
    • Intentional damage by third party
    • Attempt to murder/kidnapp
    • Illegal activities inside the car

    (8) What is the meaning of cashless claims?

    Ans: Cashless claim means you do not have to pay for the repair bill from your own pocket. Under this claim the insurance company directly pays to the garage the repair expenses of your car. All you need to do is:

    • Get repairs done in the network garage
    • The surveyor will approve the repairs
    • The insurer will directly settle your claim with the garage
    • Ensure you submit all the relevant documents as required

    (9) What is the meaning of the term NCB in car insurance?

    Ans: NCB or No Claim Bonus is a type of discount offered by insurers to policyholders who:

    • Have not made a single claim in the previous policy year
    • The discount is on the renewal premium amount
    • You can avail of up to 50% discount over the consistent years
    • It can be transferred from one insurer to another

    (10) How to find my car insurance policy number?

    Ans: You can find your car insurance policy number by:

    • Logging into your registered account on the insurers website
    • Check your policy document
    • Ask your insurance agent or insurance branch
    • Your RC booklet
    • Many insurers also provide SMS facility

    (11) How to transfer car insurance?

    Ans: Please follow these steps to transfer your car insurance:

    • Download and fill Form 28, 29 and 30 from your RTOs website
    • Submit the same to the RTO with proof of vehicle sale
    • Contact your insurance company
    • The RTO will provide the clearance certificate
    • Inform the new owner

    (12) How do online insurers charge less premium?

    Ans: Online insurers charge lesser premium because:

    • There is no middleman, intermediary fee or agent commission
    • The policy is directly sold by the insurer
    • There are no operation, administration or distribution costs
    • You can pay online The money thus saved, helps in offering lower premiums.

    (13) Is an online policy a valid document?

    Ans: Yes, an online policy document is only valid if:

    • It is as per the instructions of the Motor Vehicle Act, 1988
    • Policy has been purchased from a IRDAI licensed insurance company

    (14) How much time does it take for a claim to be settled?

    Ans: Speedy settlement of a claim depends on a number of factors:

    • Extent of car damage
    • Type of accident
    • Time taken to inform the insurer
    • Time taken by the surveyor for repairs
    • Time taken by the cashless garage for assessment

    (15) How much time will it take to buy/renew a car insurance policy online?

    Ans: Online car insurance renewal is easy and the entire proccess can be completed in 5 minutes or less. Just follow these steps:

    • Visit the official website of the insurer or online broker
    • Select the renew premium option
    • Login with your registered email id and password
    • Make the online payment
    • Receive policy in your inbox

    (16) How to renew my expired car insurance policy online?

    Ans: The process of renewing expired car insurance online is simple, it is same as buying and renewing it, all you have to do is just follow these steps:

    • Visit the official website of the insurer or online broker
    • Select the renew premium option
    • Login with your registered email id and password
    • Make the online payment
    • Receive policy in your inbox

    If an inspection is required, you will have to:

    • Contact your insurer
    • They will suggest a car inspection if required
    • The surveyor will conduct the assessment
    • Post survey, you can visit the insurer’s official website
    • Request for premium payment link
    • Upload pictures in the case of self-inspection
    • Make the payment

    (17) What are the risk covered by the comprehensive car insurance policy

    Ans: Your comprehensive car insurance policy covers the following instances:

    • Damage to yourself and your vehicle
    • Third party Liability cover for person and property
    • Damages caused by man made/natural calamities
    • Fire/Theft

    You can get complete details in the policy document.

    (18) How to get a duplicate car insurance copy online?

    Ans: You can follow these mentioned steps to get a duplicate policy document online:

    • Visit the official website of your insurer
    • Login with your registered user ID and Password
    • Request for a new policy document
    1. The soft copy will be emailed to you
    • The hard copy will be couriered to you

    (19) How to download a car insurance certificate / policy?

    Ans: You can follow these simple steps to get a car insurance certificate online:

    • Visit the official website of your insurer
    • Login with your registered user ID and Password
    • Request for your car insurance certificate
    • You can download a PDF version
    • The soft copy will be emailed to you
    • The hard copy will be couriered to you

    (20) How to calculate car insurance premium?

    Ans: The premium of your car insurance policy depends on the following factors:

    • Car manufacturer
    • make /model/variant of your car
    • Fuel - petrol or diesel
    • Age of the vehicle
    • Location

    You can also use a car insurance premium calculator. Get it for free on Coverfox

    (21) What is the meaning of reimbursement claims?

    Ans: In simple words, reimbursement claim means:

    • You pay directly for your car repair
    • Be it a network or a non-network garage
    • Fill the reimbursement form
    • Submit the relevant documents and the bills, cost of repairs
    • The insurer will reimburse the same post verification

    Check out more Faqs on Car Insurance

    What is comprehensive car insurance?

    A comprehensive car insurance will cover your car from instances of theft, fire and vandalism. It also protects from natural disasters such as cyclone, floods, earthquakes, or from civil disturbances such as riots, which damages your car.

    What is third party car insurance?

    The third party car insurance only covers your legal liability for any loss and damages to third party because of your car. It will not cover you or your car for any damages suffered.

    Can I cancel car insurance anytime?

    Yes, the policy can be cancelled and the unused premium amount refunded usually on a pro-rata basis. This will happen only if an alternate insurance proof is offered, and claims aren’t raised subject to 30 days prior to the policy expiry date. If a claim is raised, refund shall not be made. There could also be a nominal cancellation, which is charged.

    Which documents are required to cancel your car insurance policy?
  • Customer Request Letter
  • Alternate policy proof (TP / Comprehensive)
  • Original Policy Copy
  • Sale proof of the vehicle or Sale Deed/Form 29&30 along with RTO acknowledgement. (in case of vehicle being sold)
  • NOC from financer.
  • What are the documents required to buy car insurance online?
  • The copy of your Registration Certificate (RC) of your vehicle
  • The invoice copy for a new car
  • Previous insurance policy
  • No claim bonus reserving letter, whenever required
  • What are the documents required to register a claim?
  • The copy of the Registration Certificate and Tax Receipt of your car
  • The proof of valid insurance document
  • Copy of your Car Driving License
  • Repair Bills and Payment Receipts in case of reimbursement
  • Copy of FIR/Panchanama in case of Theft or Third Party damage/death/bodily injury For more details on different types of claim process, read motor insurance.
  • What is covered under comprehensive car insurance cover?

    A comprehensive four-wheeler insurance will cover your car from damages, which are caused from perils apart from collision. The comprehensive plan covers damage/losses to your car as well as third party.

    How does Coverfox.com assist me with car insurance comparison?

    When you compare four-wheeler insurance quotes on Coverfox.com, you get customized quotes for your car from different insurers available. In case you do not understand the plan that you choose or any other aspect of the plan that you wish to buy, then our expert advisors are available to guide you through the process.

    Can I renew my car insurance online?

    Yes, there are multiple insurance providers that provide car insurance renewal facility online. Car Insurance renewals can be done 60 days before the expiry of your existing policy. In case your vehicle insurance policy has already expired, an authorised surveyor will inspect the vehicle before reissuing the policy. The policy would only be issued subject to a satisfactory inspection and submission of required documents.

    What is meant by endorsement in Car Insurance Policy?

    A written evidence of an agreed change in the policy is called an endorsement. It is a document that incorporates changes in terms of the policy. As applicable, an additional premium is charged.

    What is Constructive Total Loss in Car Insurance Policy?

    Constructive Total Loss refers to accidental loss/ damage to your vehicle where the aggregate cost of retrieval and/ or repairs amounts to be more than 75% of the Insured Declared Value (IDV) on your policy.

    What is a certificate of insurance?

    The certificate of insurance is a document which provides information on the specific insurance coverage issued by the insurance company as per the Rule 141 of Central Motor Vehicles Rules 1989, and only in Form 51. The document offers information on the effective policy date, type of the insurance coverage. This document should always be carried in the vehicle.

    Customer Reviews
    Average Customer Rating:
    Car Insurance: Compare & Buy Policies Online 4.5 / 5 ( 561 reviews )
    Write a review
    Anand Prakesh
    Great service
    Loved it all along
    15 Jun
    Ranjit
    Good service
    Amazing service by coverfox team
    13 Jun
    Neha Arora
    Quick and Easy
    It took me 5 minutes to renew my insurance online. Thankyou Coverfox for a great website
    26 May
    Abhishek Sahu
    Very Prompt Service
    Very prompt and detailed guidance from Mr. Chetan Shinde for filling out the form online and also for the payment. Keep up the good work COVERFOX. Thumps Up
    20 Apr
    Ms Anuradhasrivastava
    Great Staff....
    This very nice i renewed my policy in no time at better price and recd policy immediately. This is very good and save of valuable time. Thanks Sanjay
    20 Apr
    P Kgarg
    Avoid Dispute
    In my policy name is mentioned in Abbreviations whereas I mentioned my full name during process of policy,Kindly do the needful to avoid any further dispute.
    18 Apr
    Dr Shubhasethia
    Excellent
    Interaction with Sachin was excellent, as if some one from coverfox is sitting across & helping me choose plans according to my own requirements, 10 out of 10
    18 Apr
    Vijay Krishnaranga
    Great service
    None.. Great service when it comes to renewal.. I still did not claim any against the policy, hope the service will remain great during claim process
    17 Apr
    Karanth Vijayganapatiramesh
    Good Service
    Please do not ask the personal mobile number while showing quotes. Only e-mail id should serve the purpose. Your quotes are economic and the service is good.
    16 Apr
    Niranjan Agarwal
    Easy Aceess
    I found it comfortable and for lowest insurers premium I thanks to Mr Amir Saifi i would like to be in touch with him l am having three more cars in the family.
    16 Apr
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