Policy for Car: Everything You Need to Know Before Buying
Let’s talk about something most car owners dread—car insurance. It’s not the most exciting topic, but having the right policy for car can save you from financial headaches down the road.
Let’s talk about something most car owners dread—car insurance. It’s not the most exciting topic, but having the right policy for car can save you from financial headaches down the road. Whether you're a first-time buyer or just looking to renew, understanding your options can help you make a smarter choice.
Gone are the days when you had to visit multiple offices or deal with pushy agents. Now, with platforms like Quickinsure, you can compare, buy, and renew your car insurance in minutes—right from your phone.
Why Do You Need a Car Insurance Policy?
1. It’s the Law
In India, at least third-party insurance is mandatory. Driving without it can land you a hefty without insurance fine for car, starting at ₹2,000 for first-time offenders.
2. Financial Protection
Accidents happen. A good policy ensures you don’t pay out of pocket for damages—whether it’s your car or someone else’s.
3. Peace of Mind
Knowing you’re covered means less stress on the road. Whether it’s a minor scratch or a major collision, insurance has your back.
Types of Car Insurance Policies
1. Third-Party Insurance
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Covers damages to other vehicles or people
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Doesn’t cover your own car
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Cheapest option but limited protection
2. Comprehensive Insurance
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Covers both third-party liabilities and damages to your car
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Includes theft, natural disasters, and man-made damages
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Optional add-ons like zero depreciation insurance for full claim value
3. Zero Depreciation Cover
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Best for new cars (up to 5 years old)
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Ensures you get the full claim amount without deductions for wear and tear
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Slightly higher premium but worth it for major repairs
How to Choose the Right Policy
Check What’s Covered
Not all policies are the same. Some exclude certain damages or have hidden clauses. Always read the fine print.
Compare Before Buying
Use car insurance compare tools to see multiple options at once. Look beyond just the price—check claim settlement ratios and customer reviews.
Consider Add-Ons
Depending on your needs, you might want:
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Roadside assistance
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Engine protection
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NCB (No Claim Bonus) protector
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Key replacement cover
Know the Costs
Your yearly car insurance cost in India depends on:
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Car’s make, model, and age
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Location (city vs. rural)
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IDV (Insured Declared Value)
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No Claim Bonus discounts
Common Mistakes to Avoid
1. Buying the Cheapest Policy
Low premiums often mean limited coverage. Don’t sacrifice protection for a few hundred rupees in savings.
2. Ignoring NCB Benefits
A No Claim Bonus can reduce your renewal premium by up to 50%. Don’t lose it by making small claims unnecessarily.
3. Forgetting to Update Details
If you’ve done a transfer of vehicle registration from one state to another cost in India, update your policy to avoid claim rejections.
4. Skipping Renewals
A lapsed policy means losing NCB benefits and risking fines. Set reminders or enable auto-renewal.
How to Buy or Renew a Policy in 5 Minutes
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Enter your car details (registration number, make, model).
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Choose coverage type (third-party or comprehensive).
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Customize add-ons (zero depreciation, roadside help, etc.).
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Compare quotes from different insurers.
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Pay online and get your policy instantly via email.
Need help? Quickinsure makes it easy to compare and buy the right policy without any hassle.
FAQs About Car Insurance Policies
1. How can I check if my car is insured?
You can insurance check by vehicle number on the VAHAN website or your insurer’s portal.
2. Can I switch insurers at renewal?
Yes! Porting your policy is simple, and you might get a better deal elsewhere.
3. What happens if I drive without insurance?
You risk a fine of ₹2,000 (first offense) or even vehicle impoundment.
4. Does zero depreciation cover all parts?
Mostly, but some insurers exclude tyres and batteries. Check your policy details.
5. How is the premium calculated?
It depends on your car’s IDV, location, and claim history. Older cars usually cost less to insure.
Final Thoughts
A policy for car isn’t just a legal formality—it’s your safety net on the road. Whether you go for basic third-party insurance or full coverage with add-ons, the right policy keeps you protected without breaking the bank.
Ready to find the best deal? Compare policies today and drive with confidence. After all, peace of mind is priceless.
