Nashik is a city where spirituality meets nature and rivers meet the sacred land. With a population of over 60 lakh, this city is full of tourists, netizens, and nature lovers exploring the city. It is a weekend destination for many for its peace and healthy environment. The city connects various national highways and it is a growing tier-two city with increasing vehicular traffic and accidents in the same proportion.
Given the business growth and expansion in the city along with vehicular congestion, it is necessary to buy car insurance to keep your car safe and secure while enjoying nature’s breath.
The city of Nashik has a total vehicle population of 22,76,583 and new registration for the year 2024-2025 has crossed the mark of 1 lakh summing up to 1,23,627 registrations. Spread over an area of 15,528 square kilometres, it is 5 times the area of Goa city in India. With the increasing vehicle density in the form of a rising number of local vehicles along with tourist automobiles, the city experiences peak traffic time and minor congestion on its main and secondary roads. In February 2024, Nashik traffic police received training on new e-challan devices to enhance enforcement efficiency.
The types of car insurance differ with the level of coverage you want in proportion to the premium you pay. An insurance product consists of basic coverage against a certain event, along with various add-ons. You can think of add-ons as safety boosters or large safety nets which increase your coverage. Thus, below are the three types of car insurance policies available in Nashik:
It is the most basic form of insurance and is mandatory under the Motor Vehicles Act of 1988. It covers financial liabilities arising from injuries to third-party individuals caused by your four-wheeler. This type of policy is typically the most affordable because it offers limited coverage. For a tier-two city like Nashik, third-party vehicle insurance rates are very affordable.
This insurance focuses solely on covering damages caused to your four-wheeler, offering flexibility to those who already hold third-party coverage. It includes protection against accidents, theft, fire, and natural or man-made disasters. The coverage is subject to change as per the intermediary and the insurer, thus it is advisable to read it before buying any policy.
Comprehensive insurance provides extensive coverage, ensuring all-around protection for both third-party liabilities and damages to your four-wheeler. Having a comprehensive policy in Nashik safeguards your vehicle from various risks It includes the benefits of third-party insurance by covering damages or injuries to third parties. Additionally, it protects your vehicle against accidents, theft, fire, natural calamities (floods, earthquakes), and man-made events (riots, vandalism).
There are various factors influencing car insurance premiums in Nakshik. Premium is an amount paid by you to the insurer to purchase the policy. The premium amount is to be paid on a fixed period until the policy term ends. Below are a few of the factors that influence car insurance premiums in Nashik:
Below are the factors affecting car insurance premiums in Nashik:
The year of registration of your vehicle affects the car insurance premium. If it is a new car, the IDV will be a proportion of the purchase value and so will be the insurance premium. If your car is old, then there are chances of it having a lower IDV as per depreciation and potentially a higher premium depending on the risk coverage.
The Insured Declared Value (IDV) is the market value of your car, used to calculate the insurance premium.
Cars with standard and advanced safety features often qualify for premium discounts. However, this is subject to the car's make, model, and type.
The fuel type of the car also affects the car premium to some extent. Fuel types such as petrol, diesel, hybrid, and electric vehicles are considered while calculating premiums.
Whether the car has been used over a range of kilometres or has previous policy claims or accidents affects the car insurance premium. If it is a new car, then mileage and engine specifications are considered.
The key benefits of buying car insurance in Nashik are as follows:
If you pick the right insurance policy that will cover the losses from natural calamities or events like floods, or landslides which can harm your four-wheeler. The insurance policy protects you financially under such circumstances.
It is mandatory under the Motor Vehicles Act, 1988-at least third-party insurance is required to drive legally. Thus, it is better to curate your insurance policy as per your needs and buy a standalone policy or comprehensive policy.
If you don’t claim over the tenure of your policy, you can claim the no-claim bonus over the next policy period. This can get you some discount on the premium payment of the next insurance period or policy.
You can quickly access insurance policies with the help of various insurance tech company websites. These companies or brokers have tie-ups with existing insurers to meet your requirements.
You can customise your car insurance policy in terms of add-ons. This helps you to pick specific riders which are suited to your needs.
In case you need to apply for a claim, insurer brokers including Coverfox offer claim assistance to help you through a smooth claim process.
Buying car insurance has become a ritual while buying a car. We saw a few of the benefits of buying car insurance in Nashik. Having an insurance policy frees up our fear of untimely mishaps, the repair cost or even the cost of life for those who are involved in the accident. The law states that it is compulsory to buy a third-party insurance policy whenever you buy a vehicle.
However, it is a common logic that if we are buying something why not buy the best value for money products? Thus, picking the right policy for your car along with various other covers such as personal accident cover, and engine cover helps you get the best value for money and protection over a period of time. Thus, buying car insurance in Nashik is like buying health insurance for your newborn.
Below is the table of common inclusions and exclusions of car insurance policy in Nashik, these differ as per the insurance policy and coverage. Thus, it is necessary to read the insurance policy and wording carefully while buying a car insurance policy:
| Covered by Insurance | Not Covered by Insurance |
|---|---|
| Damage to own vehicle in an accident | General wear and tear (depreciation) |
| Natural calamities (floods, earthquakes, etc.) | Driving under the influence or without a license |
| Man-made hazards (theft, riots, fire, etc.) | Damages when the policy is expired |
| Third-party damage (person/property) | Mechanical failure or tyre damage (non-accidental) |
| Personal Accident Cover (up to ₹15 lakh) | Use of private car for commercial purposes |
Below is the list of popular car insurance add-ons available in Nashik. Add-ons are standalone rider policies which are added to the base insurance policy. Think of them as customisation. Below are the types of car insurance add-ons:
Provides financial compensation in case of death or permanent disability due to a car accident. It typically covers the owner-driver and can be extended to other passengers.
Covers repair or replacement costs of the car's engine due to water ingression, oil leakage, or damage from flooding - especially useful during monsoon.
Protects valuable accessories like music systems, reverse cameras, or custom fittings against theft or damage, which are not usually covered under standard policies.
Offers financial protection to passengers in case of accidental injury or death while travelling in the insured car, enhancing safety for all occupants.
Provides 24/7 help for breakdowns, flat tyres, dead batteries, towing, or emergency fuel delivery - ensuring peace of mind during unexpected car troubles.
With the advance of technology and website integration, you can buy a car insurance policy within minutes. Here is how you can buy car insurance online in Nashik through our website:
Below are the steps to register a car insurance claim in Nashik:
Call the police and file an FIR. The same goes for thefts. Preserve this FIR as it will be required while filing your claim.
Inform your insurance company immediately via their website, app, or helpline.
Access your insurer’s portal or app using your registered credentials.
Fill out the online claim form and submit the required documents.
Schedule a vehicle inspection or upload photos. Choose between cashless or reimbursement options.
Monitor your claim status online. The insurer will settle the bill directly with the garage for cashless claims or reimburse the approved amount.
Below is the list of documents for car insurance claim in Nashik:
There are several cashless garages in Nashik authorized by various Car Insurance Companies. Some of them are mentioned below:
| Name | Address | City | State |
|---|---|---|---|
| Auto World Car Care | Plot No 09, Pethe Nagar Road, Indira Nagar, Nashik | ||
| Balaji Motors | Pathardi Phata, Deolali Camp Road, Nashik | ||
| Bhattad Auto Services | 2436/2, Panchwad Nagar, Near Reliance Petrol Pump, N.H. No.-03, Ojhar(Mig). Nashik- 422206. | ||
| Hardik Motors | N32/K1/15/1, Gajanan Chowk, Shanti Nagar, Shivaji Chowk, Old Cidco, Nashik - 422009 |
Choosing the best four-wheeler insurance policy in Nashik can be tricky for many individuals, thus you can rely on the points below to pick the policy that suits you the best.
Choosing the correct IDV is an important criterion in picking the best four-wheeler insurance policy online.
The policy coverage and premium should be customised according to the car usage.
Identify the appropriate add-ons as per your car's lifetime requirement.
Comparing various policies will help you pick the best four-wheeler insurance policy.
Below are the traffic rules that you need to keep in mind and follow when you drive your car in Nashik:
Ans: A four-wheeler insurance can cost around 500-10,000 per month on average. The premium cost depends on the car price and add-ons you buy in case you need them.
Ans: To buy the best car insurance policy in Nashik, you need to pick the correct IDV, select the policy that covers your car as per your need and budget and has a good claim ratio.
Ans: Yes, you can renew your car insurance in Nashik.
Ans: Factors such as the requirement for add-ons or covers, coverage limit and capacity to pay monthly premiums should be considered while buying a car insurance policy in Nashik.
