Find the Best Car Insurance Suiting Your Needs

While the "golden ticket" to car insurance in India might look different for each driver, depending on their needs, you can still steer yourself towards the ideal provider by considering these key factors:

Evaluate Your Car Insurance Needs

To secure the perfect car insurance policy, start by identifying the level of protection you need and taking stock of your financial comfort zone. Do not forget to factor in the Insured Declared Value (typically reflecting the car's current market worth) you would like to establish. This value directly impacts the cost of your insurance premium.

Verify the Company's Authenticity

When picking an insurance provider for your car, make sure they have been vetted by the IRDAI (Insurance Regulatory and Development Authority of India). As the governing body for insurance providers in India, IRDAI only grants licences to legitimate insurance companies.

Know About the Company's Claim Settlement Ratio

When selecting a car insurance provider, prioritise companies with a strong Claim Settlement Ratio (CSR). The CSR reflects the percentage of claims successfully paid out compared to the total insurance claims received in a year.

We recommend choosing an insurer with a CSR exceeding 90%. This indicates a higher likelihood of your claims being settled efficiently when needed. With Tata AIG, you get the assurance of easy and quick claim settlements and a high claim settlement ratio of 99%.

Claim Settlement Speed

Do not overlook the claim resolution time frame when picking a car insurance provider. Generally, the longer it takes to settle an insurance claim, the longer your car sits idle. So, a quicker claim turnaround means getting your car back on the road faster.

To gauge this, check out the insurance company's social media channels and see what their customers say in their reviews.

Cashless Garage Network

Leading car insurance companies in India typically boast a broad network of reputable repair shops. Make sure to check this when selecting an insurance provider. Ideally, the company's network garages should be conveniently located for you, allowing for a swift tow and repair process in the event of an accident.

Tata AIG has more than 6900+ cashless garages for cars all over India.

Review Add-on Covers

Do not overlook the importance of exploring add-on covers when selecting your car insurance policy. These valuable extras can enhance your overall coverage and provide peace of mind.

Some popular add-on options include Zero Depreciation Cover, Engine Protect Cover and Roadside Assistance Cover. Consider these to customise your insurance policy and ensure it offers the most comprehensive protection for your needs.

Great Customer Assistance

You must not underestimate the importance of a robust customer support team when choosing a car insurance provider. Tata AIG has a team of knowledgeable representatives available 24/7.

This guarantees you can reach them easily for any inquiries or issues. Check for online reviews or ask friends or family who have used the insurer's services for their firsthand experiences with customer service.

The Insurance Company’s Financial Ability

Taking the insurer's financial health into account is crucial. A financially stable company is more likely to fulfil its obligations and promptly pay out your claim when you need it most. To assess an insurer's financial standing, you can explore its annual reports and examine its solvency ratio.

Compare Four-wheeler Insurance Plans Online

To simplify your search for the ideal car insurance provider in India, consider utilising online comparison tools. With Tata AIG’s online insurance calculator, you can get the best car insurance quotes that will be perfect for your needs and budget.

It means, there is a balance between the premium amount and the coverage offered. This way, you can identify how Tata AIG delivers the most bang for your buck.

The Indian car insurance market offers a selection of three policy options for vehicle owners. Let us take a closer look into the specifics of each:

Comprehensive Car Insurance Policy

A comprehensive car insurance policy offers extensive protection for your vehicle. It safeguards against unexpected events, including accidents, fire, vandalism, theft, acts of nature and even man-made disasters.

This policy also covers any legal obligations you might face for accidental damage caused to a third party. On top of that, it often includes personal accident coverage for the owner-driver of the covered car.

Tata AIG's comprehensive car insurance goes a step further in saving you money. We offer great discounts online, so protecting your car does not have to break the bank. Plus, with a huge network of over 6900+ repair garages nationwide, finding one near you is easy. And if your car needs fixing, we will take care of the bill directly with the garage, making the claim process smooth sailing.

Third-Party Liability Car Insurance Policy

A third-party liability car insurance policy acts as a safety net for any legal obligations you might incur towards a third party in the event of an accident. This covers their bodily injuries, disability, death or property damage and the legal legal liability arising out of it.

However, it is important to remember that this type of insurance does not cover any repair costs or losses sustained by your own car or its occupants.

In accordance with India's road regulations, a third-party car insurance policy is mandatory. This minimum coverage is essential to operate your four-wheeled vehicle on Indian roads legally.

Standalone Own Damage Car Insurance

Offered by most car insurance companies in India, a standalone own-damage car insurance policy shields your vehicle from financial blows caused by unforeseen circumstances. This policy reimburses you for any repair costs or losses incurred by your insured four-wheeler due to fire, natural disasters, accidents, theft or even acts of vandalism.

It is important to note that a standalone own-damage car insurance policy typically works with an existing third-party car insurance policy for the same vehicle. In other words, you cannot purchase a standalone policy without having basic third-party coverage.

Since 2019, insurance companies in India have also introduced bundled car insurance policies specifically designed for brand-new cars. This bundled policy offers a convenient combination of third-party liability coverage for three years and own-damage coverage for the first year of your car's ownership.

In the Indian car insurance market, you will typically encounter three main policy options, each offering a distinct level of coverage.

Let us break down the key differences between comprehensive car insurance, third-party liability insurance and standalone own-damage insurance:

When selecting the ideal car insurance policy in India, it is crucial to assess your specific needs and preferences. Finding a reliable provider ensures you get the right coverage tailored to your requirements. Understanding the process and choosing a reputable insurer ensures peace of mind. And Tata AIG is the perfect choice for your car insurance needs.

If you are ready to choose Tata AIG as your trusted car insurance partner, follow these steps to purchase or renew your policy:

• Visit the Tata AIG official website and navigate to the Motor Insurance section.

• Following that, choose ‘Car Insurance’. Input your vehicle registration number, beginning with the correct state code (WB for West Bengal, DL for Delhi, MH for Maharashtra, etc.).

• Choose between securing a brand-new car insurance policy or renewing your existing coverage.

• Once you have made your selection, proceed to fill out the corresponding form. Be prepared to provide your contact information, including your name, phone number and email address.

• Moreover, you will likely need to enter your PAN card number, Aadhar card number, No Claim Bonus details (NCBs), past claim history (if any), the Insured Declared Value (IDV) of your vehicle and any other information requested on the screen.

• At Tata AIG, we put forward a maximum of 50% in NCB insurance coverage and 75% when you purchase motor insurance online.

Once you have submitted all the required information, you will receive a prompt outlining the estimated car insurance cost, also known as your policy premium. Now, it is decision time! Choose the type of car insurance coverage that best suits your needs - own-damage, third-party or comprehensive - and explore our extensive selection of 12 rider options to customise your plan further:

• Roadside assistance cover

• Rider for emergency hotel expenses and transport

• Engine secure cover

• Daily allowance cover

• Add-on for No Claim Bonus protection

• Key replacement cover

• Add-on for repairs of fibre, plastic and glass parts

• Tyre secure cover

• Return to invoice cover

• Add-on for consumables expenses

• Zero depreciation cover

• Add-on for loss of personal belongings

• Finalise your coverage by completing the secure payment process. Once you have done so, you will receive immediate confirmation of your car insurance policy via email, text message or even WhatsApp—whichever communication method works best for you.