In India, as per the Motor Vehicles Act of 1988, it is mandatory that every vehicle being driven on the road be insured. This rule applies to your Car too. Broadly, car insurance is divided into two categories i.e. third-party car insurance and comprehensive car insurance. However, you’ll be surprised to know [if you don’t know already] that only the third-party liability insurance is mandatory by law. Buying a comprehensive car insurance policy is a matter of choice.

The total volume of all the cylinders in a car’s engine added together is expressed in cubic centimetres(cc) or, more frequently in litres. So, an engine with a capacity of 1499cc will be referred to as a 1.5litre unit. The cubic capacity of your car is mentioned in your car registration certificate (RC).The premium calculation is done as per below:

• Cars not exceeding 1000 cc
• Cars exceeding 1000 cc but not exceeding 1500cc
• Cars exceeding 1500cc

Incidentally, the cubic capacity of the car also has a direct impact on the Third Party premium, too. So, the higher the cubic capacity of your car, the more is the premium.

With the availability of online platforms, buying insurance is a very simple and hassle-free procedure. However, following are the documents that you would need to keep handy.

• 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

You may wish to make changes to your existing Toyota Innova’s car insurance policy, and these changes are done through an endorsement. An endorsement is a written evidence of the changes made in the policy. If you need to make any changes then you can submit a letter to the insurer with the necessary proofs. This helps you obtain an endorsement, which can affect the premium to be paid for the policy.

Yes it’s possible to switch from third-party to comprehensive. However, a vehicle inspection will be required.

Yes, you can renew your car insurance with another insurance company without any hassles.

When you compare quotes on Coverfox.com, you get to customize your car insurance premium based on the different insurers available, the IDV and add-on covers. You can schedule inspection of your car if required by the insurance company. 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.

There might be circumstances when you might feel like cancelling your existing car insurance policy. You may certainly do so. In this case, you need an alternate policy.