Car Insurance Starting at Rs 2,094*

• 

  Cashless claim settlement at 6,500+ network garages

  Repair your damaged car across a country-wide network of 6,500+ cashless garages and avail of cashless claim facilities.

• 

  Get coverage for repairing damages to your car

  Get comprehensive coverage against damages caused to your car due to natural calamities, theft, fire, and accidents.

• 

  Third-party liability coverage

  When buying car insurance online with third-party coverage, you get covered for third-party injuries or property damages. So getting third-party car insurance coverage saves you from financial losses due to damages caused to a third party. 

• 

  Personal accident cover

  Get coverage for up to Rs. 15 lakh in case of accidents leading to injuries, disability, or death of the owner-driver of the vehicle. 

• 

  No Claim Bonus

  Benefit from No Claim Bonus and get up to a 50% discount on your own damage car insurance premium, depending on the policy years. 


Choose from multiple optional add-ons covers
Choose from multiple add-on covers. These include 24/7 roadside assistance, zero depreciation cover, engine protection cover, and more.

Four-wheeler insurance is an essential investment for car owners to protect themselves and their vehicles from financial losses caused by accidents or theft. However, the amount of insurance premium depends on several factors. Let's examine some of the essential factors that affect car insurance premium to help you make an informed decision.

• 

  Car's engine capacity

  The higher the engine capacity of the car, the higher the car insurance premium will be.
  

• 

  Insurance coverage

  The type and extent of insurance coverage you choose will affect the premium. Comprehensive car insurance policy comes with a higher premium than third-party car insurance.
  

• 

  Insured Declared Value (IDV)

  The IDV is the maximum amount you can receive as compensation if your car gets damaged beyond repair. The higher the IDV, the higher the premium will be.
  

• 

  Cost of add-ons

  Car insurance policy usually comes with add-ons such as zero depreciation cover, engine protector, etc. Add-ons increase the premium cost.
  

• 

  Age of the car

  The older the car, the lower the premium will be as the IDV decreases with age.
  


Claims history
The higher the number of claims made in the past, the higher the premium will be for car insurance renewal.


Deductibles
A deductible is the amount agreed upon to be borne by the policyholder in case of a claim. The higher the deductible, the lower the premium.

Geographical location
The city and state where the car is used will also affect the premium due to the differences in the risk of accidents, theft, etc.

Four-wheeler insurance premiums in India are calculated based on several factors such as vehicle type, engine capacity, age of the vehicle, location, and the type of coverage. Here are some steps to calculate car insurance premiums in India:

• 

  Determine the Insured Declared Value (IDV) of your car

  IDV is the current market value of your car, after adjusting for depreciation. It is the maximum amount that can be claimed in case of theft or total damage to your car. You can use IDV calculators available online or consult with your car insurance online provider to determine the IDV of your car.
  

• 

  Determine the type of coverage

  The two types of coverage are Third-Party Liability and Comprehensive insurance. Third-party insurance is mandatory by law, covering only third-party liabilities, while comprehensive insurance covers both third-party liabilities and own damage to your vehicle.
  

• 

  Calculate the premium

  Premiums are calculated based on different factors. For instance, third-party premiums are fixed by the regulator, while own damage premiums vary based on the Insured Declared Value, IDV, add-ons, and the make and model of the car. Use premium calculators provided by insurers or consult with them to calculate the annual premium of your car insurance policy.
  

• 

  Determine the add-ons

  Add-ons are additional coverage options that can be purchased along with your primary insurance policy. These include roadside assistance, personal accident cover, engine protection, zero depreciation, and others. They increase the total cost of your policy but also increase the coverage offered.
  

• 

  Claim history

  A car insurance company considers various factors while determining the premium of a policy, which includes the claim history of the car owner. If a person has a history of making claims frequently, then the insurance company may increase the premium of the policy as they consider the person as a high-risk driver. So, it is advisable to drive responsibly and make claims only when necessary to maintain a good claim history and keep the car insurance premium affordable.
  


Fuel type
Your four-wheeler insurance premium also depends on the fuel type – diesel or petrol. Cars running on diesel have higher premiums than petrol-driven cars.


Location
The premium amount also depends on the location where you stay and mostly the areas with a higher risk of theft, or accidents have a higher premium.


Year of car manufacturing
Cars manufactured in the latest year will require a higher premium compared to the older ones as the price of the car and parts are higher.


Third-party car insurance premium
Insurance Regulatory and Development Authority of India (IRDAI) sets the third-party insurance premium based on the car engine’s cubic capacity. Here’s a quick look at the latest third-party car insurance premium.
Engine CC	Third-party car insurance premium
Up to 1,000 CC	Rs. 2,094
1,000 – 1,500 CC	Rs. 3,416
Above 1,500 CC	Rs. 7,897

In summary, car insurance premiums in India are calculated based on various factors such as Insured Declared Value (IDV), type of coverage, and add-ons, but may vary from insurance provider to provider. You can use online premium calculators or consult with your insurance provider to determine the best policy for you and your vehicle.

Four-wheeler insurance premiums can be a significant expense for car owners. However, there are ways to lower the premiums without compromising on the insurance coverage. Here are some effective ways to reduce car insurance premium:

• 

  Compare insurance policies

  Comparing car insurance policies from different insurers will help you choose the best insurance policy with a lower premium.
  

• 

  Opt for voluntary deductibles

  Choosing a higher voluntary deductible will reduce the car insurance premium.
  

• 

  Drive safely

  Safe driving habits like following traffic rules, avoiding distractions, and driving within speed limits can reduce the risk of accidents and, in turn, lower the insurance premium.
  

• 

  Avoid making small claims

  Avoid filing for small claims as every claim made will increase insurance premium cost.
  

• 

  Choose the right coverage

  Choosing the right insurance coverage for the car, like comprehensive insurance, depending on the car's age, will result in a lower premium.


Renew insurance on time
Failing to renew the car insurance policy on time leads to higher premiums. Timely renewal of four-wheeler insurance policies is important.

There are primarily four types of four-wheeler insurance policies, each designed to address the varying needs of the customers and the best coverage they need:

• 

  Comprehensive insurance

  A comprehensive car insurance policy covers the damages caused both to the insured car and the third party. It covers the damages caused due to theft, fire, malicious activity, or a natural calamity or accident. Comprehensive car insurance is your all-in-one safety net on the road. With this policy, your vehicle is shielded from life's unexpected twists, providing peace of mind and comprehensive protection for your precious wheels in any situation. A comprehensive insurance policy is considered as the ideal insurance cover for your car since it offers all-round protection against own and third-party damages. It also offers the option of adding add-on covers.

• 

  Third-Party Insurance

  Third-party car insurance is mandatory in India and covers the damage caused by your car to other people's vehicles and property. However, it will not cover the damages to your car if you are at fault. A third-party car insurance is the essential guardian for responsible drivers. It's a legal necessity that ensures you cruise the roads with confidence and financial responsibility. A third-party insurance plan is relatively cheaper to afford than a comprehensive cover and it also doesn’t offer the option to buy add-on covers.

• 

  Own damage insurance

  An own damage car insurance covers you against any accidental damages to your four-wheeler. It offers coverage in case your car is damaged due to natural disasters, like flood or earthquake. It also offers coverage for man-made disasters, such as theft, damages due to riot, etc. You can buy car insurance policy online if you already have an active third-party vehicle insurance policy. This combination will ensure you get complete coverage for your vehicle. If you already have a third-party insurance policy, you can opt for a standalone own damage policy instead of a comprehensive policy. This will help save on premiums without compromising on coverage.

• 

  Zero dep car insurance

  Zero dep or zero depreciation car insurance is a type of insurance policy that guarantees full settlement of the insurance claim without any deduction for depreciation. This four-wheeler insurance policy covers the entire cost of repair and replacement of car parts damaged in an accident without any loss in value. It is especially beneficial for cars that are new or have a high market value. If you wish to get complete coverage for your car while negating the impact of depreciation, a zero depreciation car insurance is ideal.

Here are some of the add-on covers available with four-wheeler insurance policies.

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  Zero depreciation cover

  Also known as a bumper-to-bumper cover, with the zero-depreciation add-on, you can nullify the depreciation factored in during claim settlement. In this cover, you receive the full claim amount as mentioned in the Bajaj car insurance policy documents initially. Also, it covers the depreciation of the value of spare parts.

• 

  Engine protection cover

  A standard car insurance plan does not cover the expenses incurred due to engine damage. The engine protector add-on helps you save up to 40% of the amount you would spend on getting your car’s engine fixed.

• 

  Key and lock assistance

  The key and lock assistance add-on helps reduce the costs of replacing or repairing missing or damaged keys. Car insurance covers not just the car key but the entire locking system.

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  Compulsory personal accident cover

  Personal accident cover for the owner and driver is available as an add-on benefit. So, if you suffer injuries due to an accident while driving your car, the insurer will pay up the amount mentioned in the defined cover.

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  Roadside assistance cover

  This is one of the most useful four-wheeler insurance add-ons. You can get a tyre changed, have an expert look into your car’s engine, or more with just a call or a click, 24x7.
  



Consumables cover

Consumable items of a car include nuts and bolts, screws, washers, grease, lubricants, and related parts. The basic car insurance policy does not cover such consumable items. However, a consumables add-on cover will cover any expenses arising out of damage or loss to these parts.



No Claim Bonus protection cover

This add-on cover allows you to retain your NCB even after making a claim during the four-wheeler insurance policy period. It helps protect your accumulated NCB and reduces the premium cost at the time of policy renewal.



Pay as you drive cover

Pay as You Drive (PAYD) cover is a usage-based policy that calculates the premium based on the number of kilometres driven by the policyholder. The idea behind this type of cover is to provide a customised premium to people who do not drive frequently. This car insurance provides flexibility and helps save a significant amount on the insurance premium.



Return to invoice cover

Return to invoice cover is an add-on cover that helps you get the claim amount equal to the invoice value. In case of theft or total loss of the car, the RTI cover will provide the full invoice price of the car, including road tax and registration fees.



Driver and passenger cover

Driver and passenger cover is an add-on cover that provides coverage against accidental injuries of the driver and passengers. 



Tyre protection cover

Tyre protection cover offers coverage against damages or expenses incurred due to tyre damages. This car insurance add-on covers the cost of tyre repair or replacement in case of damages caused by nails, bursting, punctures, or cuts.



Legal liability to paid driver

This add-on cover provides coverage against legal liabilities arising from injuries or death caused to a paid driver while driving the car. It is beneficial for car owners who employ a driver for their vehicles.




Personal baggage cover

This add-on cover provides coverage against loss or damage to personal belongings kept in the car. It is particularly helpful when carrying expensive personal belongings in the car.




Conveyance benefit

This add-on cover compensates for the expenses incurred by the insured person during the repair of the insured car. It is helpful when the car is undergoing repairs for an extended period.




24x7 spot assistance

This add-on cover provides assistance for emergencies such as tire puncture, breakdown, or fuel shortage. It is a significant benefit for car owners traveling long distances or in remote areas.

Also, read: Parivahan Sewa

A step-by-step guide to buying four-wheeler insurance plans on Bajaj Finance Insurance Mall

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  Step 1

  Click here to visit the online application form.

• 

  Step 2

  Enter the vehicle type, registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

• 

  Step 3

  Choose the IDV, NCB value, optional add-on covers, and plan type to get a list of relevant car insurance policies. You need to update the expiry date of your current four-wheeler insurance policy here.
  

• 

  Step 4

  Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

• 

  Step 5

  Confirm the vehicle registration date and the previous car insurance policy type (Comprehensive/third-party). Click on ‘Proceed’ to buy car insurance online.



Step 6

Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous four-wheeler insurance policy details.



Step 7

Review your previously filled details and make the payment through your preferred online payment mode – Net banking, UPI, Credit/Debit card to buy the policy.

Note: After successful payment, your policy document will be available for you to download instantly. A copy of the policy document will also be mailed to your registered email ID within 5-7 working days. You will also receive an SMS confirmation immediately after the payment process is completed.

Here are some of the benefits of four-wheeler insurance policy in detail.

• 

  Extensive coverage at low premiums

  Choose from a host of affordable policies that provide comprehensive damage coverage and the convenience of cashless repairing.
  

• 

  Cashless car repairing at 6,500+ garages

  Get your car repaired at any of the 6,500+ network garages across India without paying in cash.
  

• 

  Personal accident cover

  Get a personal accident cover of up to Rs. 15 lakh in case of accidental injuries, disabilities, or death. This coverage is applicable to the owner-driver of the vehicle.
  

• 

  Buy insurance without paperwork

  No need to fill out physical forms or submit a list of documents to buy a car insurance policy online.
  

• 

  Avoid claim deductions due to depreciation

  The zero-depreciation add-on coverage lets you claim coverage against your four-wheeler insurance without any deductions for depreciation.
  


No claim bonus up to 50% of premium
Save up to 50% on your insurance premium while renewing your car insurance online.


Engine protection add-on cover
Covers the repair/replacement cost of the car's engine. In a city with heavy rainfall, engine protection add-on cover you must carry.


Roadside assistance
This add-on coverage gets you 24x7 roadside assistance for a diverse range of car issues.


Key replacement coverage
This four-wheeler insurance add-on benefit covers your expenses incurred for replacing a lost or misplaced car key and lockset.

Here is how you can renew your car insurance policy in just a few steps:

• 

  Step 1

  Before your policy expires, click here to choose your preferred plan.

• 

  Step 2

  Enter the vehicle type, registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.
  

• 

  Step 3

  Choose the IDV, NCB value, optional add-on covers, and plan type to get a list of relevant car insurance policies. You need to update the expiry date of your current car insurance policy here.
  

• 

  Step 4

  Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on Next to proceed to buy car insurance online.

• 

  Step 5

  Confirm the vehicle registration date and the previous policy type (Comprehensive/third-party). Click on ‘Proceed’.
  


Step 6
Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous four-wheeler insurance policy details.


Step 7
Review your previously filled details and make the payment through your preferred online payment mode – Net banking, UPI, Credit/Debit card to buy the policy.

Renewing insurance is crucial to stay covered against any financial liability in case of any unfortunate event. Online car insurance renewal has become increasingly popular in recent years due to its convenience and efficiency. Here are some of the benefits of online car insurance renewal:

• 

  Easy comparison

  Online car insurance renewal allows you to compare various insurance policies and their features quickly. It enables you to select a policy that provides the best coverage at an affordable price.
  

• 

  Easy customisation

  You can customise your policy as per your requirements. You can select add-ons like zero depreciation, engine protection, personal accident cover, etc., to enhance the coverage of your policy.
  

• 

  Easy to switch the insurer

  Online car insurance renewal provides the flexibility to switch to a different insurer if you are dissatisfied with the policy coverage or pricing. It allows you to switch to a policy that provides better coverage and suits your requirements.
  

• 

  Secured and transparent

  Online car insurance renewal is a secure and transparent process. It allows you to make online payments and provides immediate confirmation of the policy renewal. Moreover, it helps avoid fraudulent practices and ensures transparency in policy terms and conditions.
  

Renewing expired insurance online is easy, quick, and convenient. It helps to save time and can be done from the comfort of your home or office. Here are some steps to renew expired car insurance online:

• 

  Check the expired policy

  Before renewing the expired car insurance policy, ensure that you check the expiry date as well as policy inclusions and exclusions.
  

• 

  Get quotes from various insurers

  Compare quotes from various insurance providers to get the best deal on car insurance renewal.
  

• 

  Fill the required details

  Fill in the necessary details like car registration number, personal details, policy duration, and coverage.
  

• 

  Choose add-on covers

  You can also opt for add-ons like zero depreciation cover, engine protect cover, etc.
  

• 

  Check and verify the details

  Before making the payment, double-check the declaration and personal details.
  


Make the payment
Choose the mode of payment and make the payment online.


Receive the policy
Once the payment is made, you'll receive your car insurance policy in your registered email, which can be downloaded and printed.

Renewing expired insurance online is easy, quick, and convenient. It helps to save time and can be done from the comfort of your home or office. Here are some steps to renew expired car insurance online:

Here are some reasons why car insurance renewal is important:

• 

  Continuity of coverage

  Car insurance renewal ensures that your vehicle remains protected continuously. It ensures that your policy stays active, and you are covered in the event of an accident or any other mishap.
  

• 

  Legal compliance

  In many countries, it is mandatory to have a valid four-wheeler insurance policy to operate your vehicle on public roads. Failing to renew your car insurance policy online could lead to large fines and legal hassles.
  

• 

  Protection against financial losses

  Car insurance provides you with financial protection in case of any damage to your vehicle or injury to yourself or other third parties. Renewing your car insurance policy ensures that you are not left vulnerable to such losses.
  

• 

  No Claim Bonus (NCB)

  If you do not make any claims during the policy period, you are eligible for a No-Claim Bonus (NCB). Renewing your car insurance policy helps you to avail this benefit, which can lower your premium costs.
  

In conclusion, four-wheeler insurance renewal is necessary to ensure continuity of coverage, legal compliance, and protection against financial losses. It also helps you access benefits such as NCB, which can lower your premium costs. Therefore, it is essential to renew your four-wheeler insurance policy on time.

Raising a cashless claim request for car insurance is an easy process that can be done in a few simple steps. Here's how you can raise a cashless claim request for your online car insurance policy:

• 

  Inform the insurance company

  In case of an accident or any damages to your car, inform your insurance company immediately about the incident. You can reach out to them through their toll-free number, email, or customer care service.
  

• 

  Register the claim

  Register your claim for cashless settlement and provide all the necessary details to the insurance company. You need to provide details such as vehicle information, incident details, and contact details.
  

• 

  Get your vehicle inspected

  The insurance company may send a surveyor to inspect the vehicle. Ensure that all the damages are documented and reported.
  

• 

  Choose a network garage

  If you have opted for a cashless claim, select a network garage from the insurer's list of garages. Get your vehicle repaired at the network garage for easy claim settlement.
  

• 

  Settlement of claim

  After the inspection and repair estimate, the insurance company will settle the claim amount directly with the garage as per the policy terms.



Collect your vehicle

Once the repairs are done, you can collect your car from the garage. In some cases, the insurer may directly deliver the vehicle at your address.

Raising a cashless claim request for car insurance is simple and hassle-free process. Ensure that you have all the necessary documents and follow the steps to get your car repaired with minimum out-of-pocket expenses.

You can raise a reimbursement claim request for your four-wheeler insurance by following these simple steps:

• 

  Inform the insurance company

  Inform the insurance company about any damages to your car. You can contact them through their toll-free number, email, or customer care service.
  

• 

  Register the claim

  Register your reimbursement claim and provide all the necessary details to the car insurance company. Some of the details are vehicle information, incident details, and contact details.
  

• 

  Document the damages

  Take pictures of the damages and collect all the necessary documents. These will include the repair estimate, repair bills, and payment receipts.
  

• 

  Get the vehicle repaired

  Get your car repaired from any garage of your choice and settle the repair bill.
  

• 

  Submit the claim

  After the repairs, submit the reimbursement claim along with the necessary documents to the car insurance company.
  


Claim settlement
After document verification, the insurance company will settle the reimbursement claim amount as per the policy terms and conditions.
Follow these simple steps and submit all the necessary documents to reimburse your car repairing bills without hassle.

Insured Declared Value (IDV) is a crucial aspect of car insurance that determines the maximum payout in case of theft or total loss of the vehicle. Here are some factors that influence the IDV of a car:

• 

  Age of the car

  As a car ages, its value decreases, and thus the IDV decreases too.

• 

  Make and model

  Cars that are expensive or have a higher resale value will have a higher IDV than those that are less expensive.

• 

  Usage of the car

  If a car is used for commercial purposes, the IDV may be higher than if it is used for personal use only.

• 

  Geographical location

  Cars that are kept in areas with a high risk of theft or damage may have a lower IDV.

• 

  Safety features and modifications

  Cars with better safety features and modifications may have a higher IDV.

It's important to consider these factors while choosing car insurance coverage. By understanding the factors that affect the IDV, you can make an informed decision and choose appropriate coverage that aligns with your car's value.

Here’s a quick overview of the car’s depreciation value to estimate the IDV.

Vehicle age	Depreciation
Up to six months old	5%
Six months - one year old	15%
One – two years old	20%
Two – three years old	30%
Three – four years old	40%
Four – five years old	50%

Getting a insurance policy is crucial for car owners to protect themselves from any financial damages due to accidents, theft, or any other incidents. However, sometimes your car insurance claim may get rejected. To avoid such a situation, here are some steps to follow:

• 

  Provide accurate information

  While buying or renewing the car insurance policy, it's essential to provide correct details, including the car's make, model, and year of manufacture. Any inaccurate details can lead to a claim rejection.

• 

  Know the policy inclusions and exclusions

  Car insurance policies come with specific inclusions and exclusions. Knowing the policy inclusions and exclusions beforehand ensures that the policyholder can make an informed decision while submitting a claim.

• 

  Renew policy timely

  It's crucial to renew the car insurance policy before the expiry date. A policyholder can only make a claim if the policy is active during the time of the incident.

• 

  Follow proper claim filing process

  It's essential to understand the claim filing process and adhere to it. This includes submitting the necessary documents and information to the insurer within the stipulated time.

• 

  Avoid fraudulent claims

  Avoid submitting false information or making fraudulent claims as it can lead to claim rejections and legal proceedings.

  Avoiding car insurance claim rejections requires being transparent and truthful in providing information and following the proper procedures while submitting the claim. It's crucial to have a thorough understanding of the four-wheeler insurance policy terms and conditions to ensure a smooth claim process. Regular renewal of the car insurance policy also ensures that the policy remains valid during the event of any unfortunate situation.

Downloading insurance policy documents online is easy and convenient. It saves time and ensures that the policy document is available for reference at any time. Here are some steps to follow to download your car insurance policy copy online:

• 

  Visit the insurance provider website or app

  Visit the website or the app of your insurance provider and log in with your account details.

• 

  Locate the Policy Documents section

  Once logged in, search for the policy documents section on the website.

• 

  Select the policy

  Select the car insurance policy that you want to download.

• 

  Download the policy

  Click on the download option, and the policy document will be downloaded in PDF format.

• 

  Save the downloaded copy safely

  Ensure that you have saved the downloaded policy document safely on your device or laptop and have taken a printout of it for easy reference.

  It's essential to keep the policy document safe and have a copy of it available for reference as and when required. Regularly downloading and keeping a copy of the car insurance policy ensures that all the policy details are readily available in case of any emergency or claim process.