MG Car Insurance

Buy car insurance policies for your MG car online. Check MG car insurance plans, coverage details, and steps to buy online.
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Buy/Renew MG Car Insurance
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3 min
24-April-2024

MG cars are known for their luxurious and technologically advanced vehicles. MG cars combine style, comfort, and performance. Insuring your MG cars with comprehensive car insurance is crucial for protection against a variety of risks such as accidents, theft, natural disasters, and third-party liabilities.

MG car models and insurance price

Refer to the table below for an estimated third-party insurance premium cost for MG car insurance:

MG car Variant Third-Party Premium Rates (FY 23-24)  
Astor Sharp CVT Rs. 7,897* Get Quote
Hector Sharp Diesel MT Rs. 7,897* Get Quote
Golden Sharp 7 STR Rs. 7,897* Get Quote
Hector Plus Sharp CVT Rs. 7,897* Get Quote


Disclaimer: The above information is for Third-party premiums only. The Own Damage premium rates will depend on the specific model, variant, fuel type, place, the year of registration, IDV, add-on covers and various other factors.

Key inclusions of car insurance

Essential features of MG car insurance policies encompass:

  • Accidents: Provides coverage for damage to your MG car resulting from unexpected accidents.
  • Theft: Comprehensive theft protection up to the insured declared value as outlined in your policy.
  • Natural and man-made calamities: Safeguards against disasters such as storms and earthquakes, as well as human-made events like riots and vandalism.
  • Personal accident: Offers up to Rs. 15 lakh for the owner-driver in case of accidental death or severe disability.
  • Third-party liabilities: Covers costs related to injuries or damages to third parties involved in an accident with your MG car.

Key exclusions of car insurance

Typical exclusions from car insurance coverage include:

  • Normal wear and tear, alongside depreciation of the vehicle.
  • Damage due to mechanical or electrical malfunctions.
  • Incidents occurring while driving under the influence of drugs or alcohol.
  • Operation of the vehicle by an unlicensed driver.
  • Damages that occur outside the specified geographical coverage area of the policy.

Car insurance add-ons you can consider

Add-ons are additional coverage options that can be bought along with a comprehensive car insurance policy for your MG car. Here are some of the add-ons that you can buy along with your MG car car insurance policy:

  • Zero depreciation cover: Ensures full reimbursement without factoring in depreciation during claim settlements.
  • Engine protection cover: Provides coverage for repair or replacement of the engine in case of damages due to accidents or water ingression.
  • Roadside assistance: Offers assistance in emergencies such as breakdowns, flat tyres, fuel shortages, or towing services.
  • Return to invoice: Guarantees reimbursement of the invoice value of your car in case of theft or total loss.
  • Personal accident cover: Extends coverage to passengers in the vehicle, providing financial protection in case of accidents resulting in death or disability.
  • No-Claim Bonus protection: Safeguards your accumulated no-claim bonus in case you make a claim, allowing you to retain the discount on your premium.
  • Consumables cover: Covers the cost of consumable items such as engine oil, coolant, nuts, bolts, etc., during repairs.
  • Key replacement cover: Provides coverage for the replacement cost of lost or stolen car keys, including locksmith charges.
  • Daily allowance benefit: Offers a daily allowance for alternate transportation expenses while your car is undergoing repairs.
  • Invoice price cover: Ensures reimbursement of the invoice price of your car in case of total loss or theft, including registration and road tax.

How to buy/renew MG car car insurance through Bajaj Finance Insurance Mall

Bajaj Finance Insurance Mall offers a convenient platform for you to buy or renew car insurance plans for your MG car. Choose from plans offered by leading insurance partners and buy the policy in just a few clicks. Here’s how:

Step 1

Click on 'Get Quote' to open the online application form.

Step 2

Enter the vehicle type, car 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, add-on covers, and plan type to get a list of relevant car insurance policies. You need to update your current policy expiry date 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 policy type (comprehensive/third-party). Click on 'Proceed'.

Step 6

Enter the vehicle owner's name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as mentioned in RC) and previous policy details.

Step 7

Recheck your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, or credit/debit card to complete the application process.

Step 8

That’s it. You have successfully secured your MG car with a car insurance policy.

Car insurance claim process

Cashless claim process:

A cashless car insurance process allows for the repair of your MG without needing to pay upfront at a network garage. Here's how to navigate the cashless car insurance claim process:

  • Notify your insurer immediately about the accident or incident via phone, their website, or a mobile app.
  • Provide detailed information to the authorities, particularly if the incident involves an accident, theft, or fire, and file a First Information Report (FIR) if necessary.
  • Capture photos of the damage to your MG and any injuries sustained soon after the incident for use as claim evidence.
  • Locate the nearest network garage authorized by your insurer and take your MG there for repairs. If your vehicle is immobilized due to damage, request towing assistance from your insurer.
  • At the garage, an insurance surveyor will assess the damage. Ensure you have all necessary documents like your MG’s registration certificate, your driving license, and the FIR for inspection.
  • The surveyor will evaluate the claim amount and prepare a report for your insurer. The insurance company will review the findings and either approve or deny the claim based on the surveyor’s report.
  • Upon approval, the network garage will proceed with the repairs. Once the repairs are completed, your insurer will settle the bills directly with the garage.

Reimbursement claim process

The reimbursement claim process involves you paying the repair bills upfront and then seeking reimbursement from your insurance provider. Follow this guide for the reimbursement car insurance claim process for your MG:

  • For reimbursement claims, immediately notify your insurer after the incident and register your claim.
  • Take your MG to a workshop or garage of your choice for necessary repairs.
  • An insurance surveyor, appointed by your insurer, will evaluate the damages at the garage.
  • The surveyor will compile and submit a detailed claim report to your insurance company.
  • After the garage repairs your MG and provides you with the bill, you are required to pay.
  • Submit the original repair bills along with a completed claim form to your insurer.
  • Your insurance company will then review the submitted bills and claim form and reimburse you for the repair costs based on your policy terms.

Documents required in the claims process

Here is the list of documents you may need while filing a claim for your car insurance policy:

  • Copy of the registration certificate (RC) of your vehicle
  • Copy of your driving licence
  • Policy document
  • Description of the incident and photographs of the vehicle (if possible)
  • First Information Report (FIR) in case of theft, injuries to any third party or damage to their property
  • The original keys to the vehicle
  • RTO transfer papers duly signed with Form 28, Form 29 and Form 30
  • No Trace Report from the police in cases of theft of the vehicle
  • The original bills for the repairs of the car to claim the four-wheeler insurance policy

Note: Check with your insurer in case you require more documents depending on the nature of the claim.

Frequently asked questions

What factors affect the MG car insurance premium amount?
Key factors such as the model, age, engine size, fuel type, and RTO location influence your MG car’s insurance premium.
How can I reduce my MG car insurance premium?
To lower your premium, consider options like choosing higher deductibles, installing security devices, maintaining a clean driving record, and comparing insurance quotes for the best rates.
Will the insurer inspect my MG car before renewal?
This depends on insurer policies, claim history, and car age. Some may require inspection, while others offer hassle-free renewals.
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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.

Premium indicated is exclusive of taxes for third party coverage of four-wheeler exceeding 1,500 CC. Premium may vary based on the specification of the vehicle.