Car Insurance in Ghaziabad

Ghaziabad is one of the fastest-growing cities and is bustling with numerous job opportunities due to the increasing number of corporates. These factors have led to an increase in the population as well as traffic in Ghaziabad.

According to reports, 886 accidents took place in Ghaziabad in 2022. Overspeeding and violation of traffic rules are among the primary reasons for road accidents in Ghaziabad. Therefore, it is vital to have 4-wheeler insurance, as it protects you in case of road accidents.

Third-party insurance is compulsory as per the Motor Vehicles Act. Having comprehensive insurance keeps you well-guarded while you set out in Ghaziabad.

If you are looking for car insurance in Ghaziabad, you must be aware of its various types to make an informed decision. Having the knowledge of the features and benefits of each type of insurance assists you in choosing the best policy.

Comprehensive Four Wheeler Insurance

A comprehensive insurance policy provides the broadest coverage to the policyholder. It offers coverage for own damage as well as third-party in case of an accident.

Pros

It covers loss or damage due to thefts, natural or man-made disasters, accidents, etc.

You can include add-ons for added benefits.

Cons

The premium rates are higher than other types of insurance

It has some policy exclusions

Ideal For

Every car owner, irrespective of age, must have a comprehensive insurance

Ideal For those who live in flood-prone and risk areas

Standalone Own Damage Cover

This type of insurance protects only the policyholder from loss or damage caused by an accident. It does not provide coverage for a third party.

Pros

You can buy add-ons for this type of insurance.

Policyholder is protected in case of man-made or natural disasters, theft, vandalism, accident, etc.

Cons

It does not assist the policyholder in case of third-party losses.

Ideal For

Those who have third-party insurance

Suitable for vehicle owners living in risky areas

Third-Party Insurance

Every vehicle owner must have third-party insurance as per the Motor Vehicles Act. This insurance assists the policyholder against damage to third-party vehicles, property, or life.

Pros

The premium for this insurance is low

Policyholder gets financial assistance in case of third-party losses

Cons

The policyholder does not get coverage for own-damage

Ideal For

Best for a new driver.

It is suitable for old cars with low-value

Many factors play an essential role in determining the car insurance price in Ghaziabad. If you want to purchase an affordable premium for your vehicle, you must know the car insurance rates and the factors behind them.

Geographical Location - The location of insurance plays a huge role in determining the premium rate. If you stay in a metropolitan, the car insurance premium will be high as there are more chances of damage due to traffic congestion, road conditions, etc.

Insured Declared Value — Also known as IDV, this is the market value of the car after depreciation. As the car gets older, its value decreases due to depreciation. Thus, the insurance premium for an old car is less than that for a new car due to a low market value.

Make and Model of the Car - The premium for luxury and sports cars is more than regular cars. Similarly, cars with higher cubic capacity have higher premiums.

Type of Cover - The insurance premium is also determined by the type of coverage you want. Comprehensive insurance plans cost more than third-party insurance as they provide more comprehensive coverage.

Add-on Inclusions — If you want to enhance the coverage of your insurance plan by including add-ons, you will have to pay extra for them, which will raise your insurance premium.

Driving Record - Your insurance premium is also affected by your driving record. Drivers with violation records and fines may be charged higher premiums as they are considered high-risk by the insurance companies. Thus, you may have to pay a higher premium.

Safety Features — If your car has safety features installed, you can enjoy a discounted premium. Besides being practically useful, features like an anti-theft system and an efficient car lock affect the insurance premium, too.

Tata AIG offers unique add-ons to help you enhance the scope of your insurance. You can choose them based on your requirements at an added cost.

Some of the popular add-ons for car insurance are:

• Daily allowance

• Engine secure

• Key replacement

• Zero depreciation

• Roadside assistance

• No claim bonus protection

• Return to invoice cover

• Consumable expenditure

• Tyre cover

• Loss of personal belongings

• Repair of glass or fibre parts

• Opting for the no-claim bonus protection allows you to make one claim without affecting the no-claim bonus. The daily allowance add-on provides for commuting expenses when the car takes longer to get repaired.

• The engine secure add-on protects the engine and allows you to claim expenses incurred if it gets spoilt due to water ingestion, oil spill, etc.

• The zero depreciation cover reimburses the loss incurred due to the vehicle's depreciation. By opting for the right add-ons, you can derive maximum benefits from Tata AIG car insurance in Ghaziabad.

If you want to buy car insurance from Tata AIG, you can do it in a few simple steps from the comfort of your home.

How to Buy Car insurance

• Go to the Tata AIG website.

• Navigate to the “Car” tab and enter the vehicle number. Then click “Get Price.”

• On the following page, provide all details as required.

• Select the policy that you want to purchase.

• You will get a quote according to the policy.

• If the pricing matches your requirements, you can pay online.

How to Renew Car Insurance

• Your car insurance must be renewed every year. Here are the steps to follow for renewing car insurance with Tata AIG.

• Head to the Tata AIG official page.

• Choose the “car” tab.

• Provide the vehicle number and click “Renew Existing Tata AIG Policy.”

• From the options, select the policy you wish to renew.

• We will provide you with a quote.

• If you like the quote, you can pay the amount online.

An insurance claim can be made in case you have met with an accident. Tata AIG provides you with 2 ways to make a claim:

• Reimbursement claim

• Cashless claim

• You can opt for any one method to get your claim from us. Here are the steps to file the claims.

Reimbursement Claims

• Under the reimbursement claim method, the policyholder pays for the repair expenses of the vehicle and then receives reimbursement from us. If you want to make a reimbursement claim for your 4-wheeler insurance, follow the steps given below:

• You can register a claim by calling us at 1800-266-7780. You can also visit our claim support page and provide the necessary information.

• Select the “Reimbursement Claim Method.”

• Provide documents like FIR, ID proof, policy documents, etc.

• Keep the bills and invoices carefully to get a complete reimbursement.

Cashless Claims

• The cashless claim method allows you to get your vehicle repaired without having to pay any expenses. You can take your car to a cashless network garage, and we will pay for all the expenses.

• Register your claim by calling us at 1800-266-7780 or visit our claim support page.

• Next, you must fill out the self-inspection form and provide all the details of the damage to the vehicle.

• We will send a surveyor from our end to inspect the vehicle.

• Select the cashless claim method.

• Submit all the documents as required.

• Once the claim has been registered and approved, you can take your vehicle to any cashless network garage for repairs.

• Claim form (accurately filled and signed)

• Copy of policy documents

• Copy of driver’s licence

• Original keys of the car

• FIR in case of an accident

• Copy of registration certificate

• NOC and Form 35 (in case of car loan)

• Approximate cost of repair

• Copy of legal notice (in case of third-party liabilities)

• No trace report (in case of vehicle theft)

• Transfer papers from RTO along with forms 28, 29, & 30

Cashless network garages have a tie-up with insurance companies, allowing them to provide free-of-cost repair services to the policyholder. The entire cost of repairs is borne by the insurance company, which is directly paid to the network garage.

If you want to purchase car insurance near me with a cashless claim facility, look for an insurance company like Tata AIG, which has a nationwide network of cashless garages. However, cashless network garages may only be available in some cities.

Hence, you must always find out about their availability in your city before buying a policy.

When looking for an insurance policy, you must consider various factors like the premium rate, coverage, exclusions, etc.

With the help of a new car insurance calculator, you can calculate the premium amount. It can help you decide if the premium is affordable and if you wish to buy the policy.