Car Insurance in Karnataka

Karnataka has emerged as the country's IT capital and is also a leader in Biotechnology. These factors have led to an increase in the number of employment opportunities. Thus, the number of public and private vehicles has increased to facilitate travelling.

Large numbers of vehicles, poor road conditions, and traffic violations often lead to road accidents and fatalities in the state. Overspeeding, driving on the wrong side, and drunk driving were among the top reasons for accidents. In 2022, 39762 road accidents took place in Karnataka.

Therefore, it is necessary that car owners must have a car insurance policy in Karnataka to safeguard themselves against accidents. Besides, the Motor Vehicles Act mandatorily requires every vehicle owner to have third-party insurance.

If you want to purchase the best car insurance in Karnataka, it is crucial to know its various types. Having a sound knowledge of the types of policies will help you to choose the right one as per your budget and needs.

Comprehensive Four Wheeler Insurance

Comprehensive insurance provides complete protection in case of loss or damage. It protects the insured as well as a third party in case of loss to the vehicle, property, or life.

Pros

It provides the broadest coverage

You can include add-ons

It covers losses due to theft, vandalism, and natural or man-made disasters.

Cons

The policy rates are high due to all-inclusive coverage

The policy has some exclusions

Ideal For

All car owners must have comprehensive insurance

It is the best option for those living in risky areas

Standalone Own Damage Cover

The standalone damage car insurance protects the policyholder against losses due to natural and man-made disasters, accidents, etc. It protects the vehicle from unforeseen events at affordable premiums.

Pros

Insured can include various add-ons

It protects the insured from losses due to various reasons

Cons

Insured does not get coverage for third-party losses.

Ideal For

Suitable for those with third-party insurance

It is a must-have if you live in high-risk areas

Third-Party Insurance

The Motor Vehicles Act mandates that every vehicle owner have third-party insurance. This policy assists the insured when the third party suffers loss or damage.

Pros

The premium of this type of insurance is low

The policyholder is covered against third-party losses.

Cons

The insured does not get any coverage for his loss.

Ideal For

It is Ideal For young drivers between 20-25 years of age.

Suitable for old cars

Car insurance premium is the amount that the insured has to pay to purchase car insurance in Karnataka. If you want to ensure that you buy an insurance policy with adequate coverage, you must know the factors that affect the insurance rate.

Make and Model of the Car—The premium for luxury and high-end cars is higher than that of regular vehicles. Also, the premium for CNG and electric cars is higher than that for petrol vehicles.

Location- The place where you purchase the insurance also determines the premium amount. If you insure a car in a metropolitan, it is going to cost you more as the vehicle is more prone to damage in urban areas.

Type of Coverage—The type of coverage you want also increases or decreases the premium amount. For instance, if you opt for comprehensive coverage, the premium will be high as the coverage is more extensive than third-party coverage.

Insured Declared Value- IDV is an important factor that is considered when deciding the premium amount. IDV is the market value of the car calculated after deducting depreciation.

Add-Ons—Add-ons allow you to improve the scope of your insurance coverage, and they can be added by paying an extra amount. The premium will increase if you opt for add-ons.

Driving Record—You may have to pay more premiums if you have a driving record with violations and fines. Insurance companies consider drivers with fines and charges to be high risk, so they charge them a higher premium.

Safety Features- Safety features like an anti-theft system or an efficient car lock can help you get a discount on car insurance prices in Karnataka.

When you buy Tata AIG car insurance in Karnataka, you can include add-ons to widen the scope of your insurance. Add-ons can be included in the policy based on your requirements.

• Roadside assistance

• Key replacement

• Daily allowance

• Engine secure

• Tyre protection

• Zero depreciation

• No claim bonus protection

• Return to invoice cover

• Loss of personal belongings

• Repair of fibre parts or glass

• Consumable expenditure

• Emergency transport and hotel expenses

The zero depreciation add-on secures the insured from the loss due to vehicle depreciation. Similarly, if you opt for no-claim bonus protection it allows you to make one claim without losing the benefits of NCB.

Under the emergency transport and hotel expenses, the insured is paid for an overnight stay in a hotel in case his vehicle is involved in an accident during a journey. The tyre protection add-on takes care of the expenses associated with tyre repair and replacement.

Buying Tata AIG car insurance in Karnataka is super easy. It involves a few simple steps, as mentioned below.

How to Buy Car Insurance in Karnataka?

• Go to the Tata AIG official webpage.

• Find the “Car” tab on the page and enter the vehicle registration number.

• Click on “Get Price”.

• On the next page, provide all the necessary details and information.

• Choose the policy that you wish you buy.

• Once you choose the policy, we shall provide you with a quote for the same.

• If the quote matches your budget, you can pay online and purchase it.

**How to Renew Car Insurance in Karnataka? **

• Head to the Tata AIG page.

• Under the “Car” tab, enter the vehicle registration number and click “Renew Existing Tata AIG Policy.”

• Choose the policy that you want to renew.

• We shall send you a quote for renewal.

• If you are happy with the quote, you can renew the policy immediately by paying online.

Tata AIG insurance aims to safeguard motorists on the roads with beneficial car insurance. In case you encounter any unfortunate incident on the road and suffer damage, you can register a claim with us in the following two ways:

• Reimbursement claim

• Cashless claim

Reimbursement Claims

• You can make a claim with us using the reimbursement method. Under this claim type, the insured first pays for the repair and service of the damaged vehicle. Then, after submitting the invoices the policyholder gets a reimbursement from us. Here are the steps to claim under the reimbursement method:

• You must register the claim with Tata AIG by calling us at 1800-266-7780. Alternatively, you can provide the claim details by visiting our claim support page.

• Choose the reimbursement method as your preferred choice.

• After that, you must submit the documents like FIR, policy documents, etc.

• Submit the invoices and bills to get a reimbursement from us.

Cashless Claims

• Under the cashless claim method, the insured can get the vehicle repaired free of cost from our cashless network garage. Follow the steps given below to register a cashless claim.

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

• Fill out the self-inspection form carefully and provide the details about the damage.

• A surveyor from our team will visit you to inspect the vehicle.

• Select the cashless claim method.

• Submit all the necessary documents.

• Once we register the claim, you can take the vehicle to any of our network garages for a cashless repair.

• Copy of policy documents

• Claim form (signed and filled)

• FIR (in case of an accident)

• No trace report from the police (in case of theft)

• Copy of driver’s licence

• Original car keys

• Copy of RC

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

• Approximate repair expenses

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

• Transfer papers along with Forms 28, 29, & 30

Are you looking for car insurance near me that offers hassle-free claims? If yes, Tata AIG is the right choice for you. With our extensive network of cashless network garages, you can obtain quick car repairs without long procedures.

A cashless network garage has a tie-up with insurance companies. Such garages provide free-of-cost repairs to the insured. The cost of repair is paid by the insurance company directly to the network garage, making the repair process and claim convenient for the policyholder.

However, the cashless network garages are available in selected cities only. Hence, you must always find out about their availability in your city before purchasing a 4-wheeler insurance policy.

The cost of an insurance policy is another factor that needs your attention. You can use a new car insurance calculator to determine the price of your car insurance and determine whether it fits your budget.