Car Insurance in Salem
Car Insurance in Salem
Salem is a charming city in Tamil Nadu surrounded by picturesque landscapes. It is the fifth largest city in the state, with a population of 11,77,000 as of 2024. A significant textile hub, Salem has several mills and factories.
As Salem provides promising employment opportunities due to the expanding textile industry, the population in the city is rising. The number of private and public vehicles in Salem are also significantly rising to meet the commuting needs of the residents of the city.
With the increasing traffic on the roads, the chances of road-related mishappening also increase. Therefore, every vehicle owner must have bike or car insurance in Salem to stay safe while travelling through this city!
Are you a car owner in Salem, or planning to buy a four-wheeler soon in the city? Let us tell you all about the best car insurance in Salem and how Tata AIG can safeguard you on the road.
Why Do You Need Car Insurance in Salem?
Salem is known as the hub for education and health care and also provides numerous employment opportunities. These factors have led to an increase in the population and traffic in Salem.
According to government statistics, Salem witnessed 1615 accidents as of June 2023. The primary causes of accidents were overspeeding, aggressive driving, jumping traffic lights, etc. It is essential to have a car insurance policy to safeguard yourself from accidents.
Third-party insurance is mandatory as per the rules of the Motor Vehicles Act 1988. Once you have comprehensive car insurance you can safely drive around in Salem.
Tata AIG Car Insurance Policy in Salem: Key Features and Advantages
Premium Price | Tata AIG’s affordable premium starts at ₹2094. We offer up to 75% discount on buying insurance online |
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Settlement Record | Settlement ratio of 99% in the FY 2022-2023 |
Cashless Claim Facility | Choose from 7500+ network garages for cashless car repairs. |
Claim Assistance | Smooth and hassle-free claim procedure under the assistance of 650 claim experts |
No Claim Bonus | Get up to 50% off on premiums |
Comprehensive coverage | It covers damages of the policyholder as well as the third party. It also includes personal accidents. |
Own Damage Policy | Coverage for own damage due to accidents, man-made or natural disasters, theft, vandalism, etc. |
Online Processes | Buy and renew insurance in a few easy steps |
Add-ons | 12 add-ons to include in your policy |
Third-party coverage | Covers third-party damage or loss of vehicle, life, or property |
Types of Car Insurance in Salem
To choose the best car insurance, you must know the various types of Tata AIG car insurance in Salem. The knowledge of the benefits and features of different car insurance will assist you in buying the right policy.
Third-Party Car Insurance Policy
Third-party car insurance is a statutory requirement all over India under the law of the Motor Vehicles Act 1988. This type of car insurance protects you against damages caused to third-party life, property, and vehicle.
Pros
The premium of this type of insurance is affordable
The policyholder gets financial assistance in case of damage to third-party
Cons
The policyholder is at risk
Ideal For
It is a must-have for new drivers
Those with low-value or old cars must have this policy
Standalone Own Damage Cover
Own damage cover is a type of car insurance policy in Salem that protects the policyholder’s vehicle from all kinds of damage. This insurance only covers the insured and no third party.
Pros
Protects the vehicle against loss due to theft, accident, man-made or natural disaster, etc.
It allows you to include add-ons for additional coverage.
Cons
Any damage to a third party is not covered
Ideal For
Drivers already having third-party car insurance
Individuals living in risky areas
Comprehensive Insurance
This is a broad coverage insurance policy. It protects the insured against damage to self, own vehicle and third party in case of any loss or damage.
Pros
You can add various add-ons for more coverage
It provides extensive coverage and covers losses due to thefts, natural and man-made disasters, etc.
Cons
The premium rates are high due to the extensive coverage
There are certain policy exclusions
Ideal For
People looking for extensive coverage for their new/expensive car
People living in high-risk areas
Comparison of Car Insurance in Salem: Comprehensive vs Third Party Plans
Features | Third-Party Car Insurance | Comprehensive Car Insurance |
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Type of Coverage | It covers the damage to third-party life, property, or vehicle by the policyholder. | It provides for the damage of policyholders as well as third parties. |
Premium Cost | The premium cost is affordable as it only covers third-party liability | Premium cost is high as the coverage is wide |
Legal Requirement | As per the laws of the Motor Vehicles Act, third-party insurance is compulsory | There is no legal requirement to have a comprehensive insurance |
Premium Calculation Method | The premium is decided based on the engine’s cubic capacity | Factors like IDV, make and model of the car, etc., are used to calculate the premium |
Add-ons | Limited or no option to include add-ons | You can include add-ons like roadside assistance, depreciation cover, engine protection, etc., at additional costs |
Policy Features | Comprehensive Plan | Third-Party Plan |
Premium amount | Since it provides the broadest coverage, the premium is high | Since only third-party loss is covered, the premium is low |
Insurance Coverage | Protects the insured as well as the third-party | Protects only the third-party |
Legal Requirement | There is no mandatory requirement under any law | It is mandatorily required under the Motor Vehicles Act |
Add-on Inclusion | Insured can opt for various add-ons like engine secure, roadside assistance, zero depreciation, etc. | There is no option for including any add-ons. |
Premium Calculation | The IDV, make and model of the car, etc., are considered while deciding the premium. | The engine’s cubic capacity is considered for calculating the premium. |
Rates | The insurance companies fix the rates based on the terms and conditions of the policy. | The IRDAI is authorised to fix the rates. |
Sufficiency | This insurance is sufficient as it covers the insured and the third-party | It may not be sufficient as the policyholder is exposed to risk |
What is the Car Insurance Rate in Salem?
Knowing the car insurance price in Salem helps you buy a beneficial policy with an affordable premium. Here are some factors that play a crucial role in deciding the premium rate:
Your Location- The geographical location of the policyholder and the vehicle in question determines the premium rate. For instance, premium rates in urban areas are higher as the vehicles here are more prone to damage due to heavy traffic.
IDV- Insured Declared Value is IDV’s full form. It is the current value of the car after deducting depreciation. The premium for used vehicles is based on their value after depreciation.
Driver’s Record- Insurance companies also consider the driver's record to determine the premium of vehicle insurance. Companies consider drivers with poor driving records, fines, and violation charges hazardous. In such cases, the premium may be higher, or the application may be rejected.
The Car- Details of the car, like the model, make, and variants, are also considered for deciding the premium. Sports cars or luxury cars are charged with a higher insurance premium as compared to regular cars.
The Type of Insurance- The premium amount also depends on the type of insurance you want to buy. A comprehensive coverage policy has a higher premium, while a third-party or own damage cover has a lower premium rate.
Add-ons for Best Car Insurance in Salem
Add-ons allow you to enhance the scope of your coverage and efficiently meet your unique insurance requirements. Tata AIG offers its policyholders 12 add-ons.
Key replacement
Engine protection
Zero depreciation
Roadside assistance
No claim bonus protection
Emergency expenses
Daily allowance
Return to invoice cover
Consumable expenditure
Repair of glass or fibre parts
Tyre cover
Loss of personal belongings
The daily allowance add-on is provided when the car takes longer to repair. This add-on covers the insured's travel expenses. Similarly, if you have an accident while on a journey, the emergency expenses cover your hotel or travel expenses.
Under the no-claim bonus protection add-on, the insured can make one claim without affecting the NCB reward.
The policyholder can protect the engine with the engine protection add-on. It provides the expenses incurred if the engine becomes faulty due to an oil spill, water ingestion, etc. Under the zero depreciation add-on, the insured can cover the loss due to the vehicle's depreciation.
By adding the correct add-on from the list above, you can enhance the benefit of Tata AIG car insurance in Salem.
The Process of Buying & Renewing Car Insurance in Salem with Tata AIG
Buying the best car insurance in Salem with Tata AIG can be done in a few simple steps mentioned below:
Buying a Car Insurance
Head to the website of Tata AIG.
Under the ‘Car’ tab, enter the vehicle number and click ‘Get Price.’
On the next page, fill up the personal details as well as vehicle information.
Choose the policy you want to buy
As per the policy you choose, we shall quote a price.
If you are happy with the pricing, you can make the payment.
Car Insurance Renewal Salem
Car insurance is valid for one year, after which you must renew it. If you already have car insurance and want to renew it, follow these steps.
Open the Tata AIG website.
Select the ‘Car’ tab on the page.
Enter the vehicle registration number and click ‘Renew Existing Tata AIG Policy.’
Select the policy you want to renew.
You will receive a quote from us immediately,
If the quote is agreeable, you can make the payment online.
How to File a Car Insurance Claim in Salem
In case you have met with an unfortunate incident, you can raise a claim with Tata AIG in two ways: Reimbursement or Cashless. Here are the steps to claim using any of the methods:
Reimbursement Claim
The first method to make a claim is the reimbursement method. Under this method, the insured first pays the expenses of car repair and then gets a reimbursement from us. To make a reimbursement claim for your Tata AIG car insurance, follow these steps:
Call us at 1800- 266-7780 and register a claim. Alternatively, you can visit our claim support page and provide the details.
Choose the reimbursement claim method.
Next, you must submit documents like FIR, policy documents, ID proof, etc.
Preserve the invoice and bills to get a complete reimbursement from us.
Cashless Claim
When you choose the cashless claim method, we pay for all the expenses as per the sum assured directly to the cashless network garage.
First, you must register a claim with us by calling 1800- 266-7780 or visiting the claim support page.
Fill out the self-inspection form sent to you and answer the questions regarding vehicle damage.
A surveyor from our end will also visit to inspect the car.
Choose the cashless claim method.
Submit the documents
After the claim is registered and accepted, you can take your car to one of our cashless network garages for repair.
Documents for Car Insurance Claim in Salem
Claim form (signed and filled out)
Copy of driver’s licence
Copy of policy documents
FIR in case of an accident
Original car keys
NOC and Form 35 (for car on loan)
Approximate bill and cost of repair
Copy of registration certificate
For third-party liabilities, a copy of the legal notice
No trace report from the police (in case of theft)
Transfer papers from RTO, Form 28, 29, 30
Tata AIG Cashless Network Garages for Car Insurance in Salem
If you are looking for car insurance near me with a cashless claim facility, you must look for an insurance company that has a vast network of garages in your city. Tata AIG has an extensive network of garages to provide hassle-free cashless claims.
Insurance companies tie up with network garages, so they provide policyholders with free repair facilities. If you make a cashless claim, Tata AIG bears the cost of repair. A cashless claim facility makes the entire repair and insurance claim process cashless and convenient for the policyholder.
However, network garages may not be available in all the cities. Therefore, before you buy insurance, it is vital to check the list of network garages in your city.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
What are consumables in car insurance?
What are consumables in car insurance?
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Consumables are those parts of the car that need to be replaced or serviced regularly due to wear and tear. It includes engine oil, lubricants, nuts, bolts, etc. Consumable expenses are not included in insurance. Hence, you can buy them as an add-on.
What are the ways to get a discount on car insurance?
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You can get a discount on insurance premiums in the following ways:
Install anti-theft device
Drive safely to earn no claim bonus
Join an automobile association
Pay for small claims
Which insurance is recommended for a second hand car?
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A comprehensive car insurance policy is suitable for second-hand cars as it covers third-party damage as well as the owner's damage.
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