Mumbai, the city of dreams, breathtaking skyscrapers, serene surroundings, and picturesque view of the ports and beaches, Mumbai is a must-visit destination. Hundreds of tourists visit the city every year. Besides the popular tourist attractions like Gateway of India, Red Carpet Wax Museum, Juhu Beach, and Marine Drive, the city is also known for its authentic dish, Vada Pav which is the favorite of everyone in the city.
Mumbai faces a load of traffic jams. In fact, in 2024, the broader Mumbai Metropolitan Region saw 4,935 accidents with 1,108 fatalities. With so many cars on the public roads of Mumbai, having motor insurance is absolutely necessary. Let us see different aspects of car insurance in Mumbai.
Here are a few key statistical data of traffic in Mumbai, that will blow your mind away:
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Here are key benefits of car insurance in Mumbai:
| Benefit | Description |
|---|---|
| Financial Protection | Covers repair or replacement costs in case of accidents, theft, or natural disasters. |
| Third-Party Liability Coverage | Mandatory by law; protects against legal liability for injury or damage to others. |
| Personal Accident Cover | Offers financial compensation in case of injury or death of the driver-owner. |
| Protection Against Traffic Fines | Helps avoid penalties for driving without valid insurance (common in Mumbai). |
| Cashless Repairs | Access to a wide network of garages across Mumbai for hassle-free repairs. |
| No Claim Bonus (NCB) | Discounts on premiums for claim-free years, rewarding safe driving in dense traffic. |
| 24/7 Roadside Assistance | Support for breakdowns or towing, especially useful in congested city zones. |
| Customisation Options | Add-ons like engine protection, zero depreciation, and consumables cover tailored for urban conditions. |
| Peace of Mind | Reduces stress while navigating Mumbai’s high accident rates and unpredictable traffic. |
Third-party insurance is an insurance policy that covers damage done to a vehicle/property/individual in an accident by the policyholder. This type of insurance is mandatory and legally required to drive on public roads of India.
This type of insurance is a thorough insurance that covers both third-party and own damages. It is a fully inclusive option for Indian car owners. It has a wide range of risks covered like Personal Accident cover, own damage cover, third-party liabilities, and as per add-ons. You can customize your comprehensive insurance plan with add-ons to further safeguard your car.
This type of insurance only covers damage done to your own car during an accident. This type of coverage plan is only available if you have third-party insurance or when bundled with third-party insurance. It is a cost saving method of buying insurance.
In an insurance policy, certain things are covered whereas certain things are not. Depending on the type of insurance, following are the inclusions and exclusions of a car insurance policy in Mumbai:
In a car insurance policy in Mumbai, following things will be covered:
In a car insurance policy, following things will not be covered:
In order to buy car insurance online in Mumbai follow these steps:
The claim process for a car insurance policy is simple. You just need to follow a few simple steps:
After the incident happens (accident, theft, damages, etc), inform the insurer as soon as possible through their website/email/phone.
In case of a major accident or theft, you may be required to present the FIR for insurance claim.
Fill in the claims form from your insurer (Most insurers have it on their website) and submit the required documents.
Visit the nearest network garage of your insurer, and get your car fixed there. Payment will be settled by the insurer directly.
If a network garage is not available, you can repair your car at a garage, pay the appropriate costs, and collect the receipt. The insurer will reimburse you of the amount as per the policy.
Following documents are required for filing a claim in Mumbai:
For choosing the best insurance policy that fits your need, keep a track of these factors:
Following factors affect the car insurance premium in Mumbai:
Your car model and its variants affect insurance premiums. Higher value cars have higher premium cost, whereas cheaper cars have comparatively less premiums.
IDV also depends on the age of the car. New cars have higher IDV, whereas older cars have comparatively less IDV.
Your driving experience and record affect the premium price. Clean slates generally have less premium cost.
The type of insurance you select also affects the insurance premium. A comprehensive policy will cost more but provide better coverage. Also, each add-on has an additional cost, so select only those add-ons you require.
Claim-free years reward you with a discount on your premium, often up to 50% for multiple years.
Commercial use or extensive mileage increases wear and tear, resulting in a higher premium.
Cars with anti-theft devices or advanced safety systems can fetch you premium discounts.
Voluntary deductibles reduce your premium but increase your out-of-pocket expenses during claims.
There are several cashless garages in Mumbai authorized by various Car Insurance Companies. Some of them are mentioned below:
| Name | Address | City | State |
|---|---|---|---|
| Automotive Manufacturers Ltd. | Automotive House, 108 Bazar Ward, Magan Nathuram Road Kurla Mumbai Maharashtra Pin - 400070 | ||
| Carkraft Automobiles Pvt. Ltd. | Shop No. 7 & 8, Near Esic Kamg Hospital, Mumbai Maharashtra Pin - 400080 | ||
| Kiran Motors Limited | B-62/S.No 41A, Ground Floor, Shreyas Industrial Estate, Behind Mongini'S Cake Factoryoff New Link Roadandheri West-400053 Andheri Maharashtra Pin - 400069 | ||
| Kts Automotors Private Limited | Gala No. A/2, L.B.S. Marg, Mumbai Maharashtra Pin - 400078 |
Follow these traffic rules in Mumbai to avoid complications with insurance:
Ans: The insurance cost for four-wheelers in Mumbai depends on many factors like the car's age, model, make, type of insurance, add-ons, NCBs, etc. Get the best quotes from Coverfox for car insurance premiums.
Ans: You can buy the best car insurance policy by comparing all the insurers at Coverfox and select the one that fits your needs the best.
Ans: Yes you can renew your car insurance in Mumbai under 3 minutes through Coverfox
Ans: Check insurer premium rate vs their coverage, add-ons, NCBs, network garages, claim process, customer reviews, etc before buying a car insurance policy in Mumbai.
