Tata Altroz Car Insurance

Buy or renew car insurance policies for your Tata Altroz car online. Check Tata Altroz insurance plans, coverage details, and steps to buy online.
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Buy/Renew Tata Altroz Insurance
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3 min
04-September-2024

The Tata Altroz is a stylish, feature-packed hatchback that blends elegance with efficiency. As an owner of Tata Altroz, ensuring its protection with car insurance is essential. Tata Altroz Car insurance policies provide coverage for your Tata Altroz against various risks such as accidents, theft, natural calamities, and third-party liabilities, offering peace of mind to drivers on the road.

Tata Altroz car models and insurance price

Car insurance premiums vary based on different factors. The own damage insurance premium is determined by the insurer, considering factors like cubic capacity (CC), make, model, variant, fuel type, RTO location, claim history, and various other factors. or an estimated third-party premium cost on your Tata Altroz car insurance, consult the table below.

Honda Amaze Variant

Third-Party Premium Rates (FY 23-24)

 

Tata Altroz XE

Rs. 3,416*

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Tata Altroz XM

Rs. 3,416*

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Tata Altroz XE Plus

Rs. 3,416*

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Tata Altroz XE

Rs. 3,416*

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Tata Altroz XM plus

Rs. 3,416*

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Tata Altroz XE Plus

Rs. 2,094*

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Tata Altroz XT

Rs. 3,416*

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Tata Altroz XE Diesel

Rs. 3,416*

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Tata Altroz XZ

Rs. 3,416*

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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

Car insurance is a comprehensive tool designed to shield vehicle owners from financial losses due to various unexpected events. Here are the key inclusions typically found in car insurance policies:

  • Accidents: Car insurance covers damages to your vehicle resulting from accidents, be it involving another vehicle or a stationary object. This coverage manages repair costs, which can be substantial, especially in major collisions, covering minor repairs like dents and scratches, as well as major repairs such as engine damage or structural issues.
  • Theft: If your vehicle is stolen, car insurance provides compensation equivalent to its value at the time of theft. This mitigates the financial impact of losing a significant asset, with insurers requiring a police report for theft claims and possibly covering damages from attempted theft, such as broken windows or locks.
  • Natural and man-made calamities: This covers damage caused by natural disasters like floods, earthquakes, hurricanes, and storms, as well as man-made events like riots, vandalism, and terrorist activities. This coverage ensures you're not solely responsible for repairs due to large-scale disruptions beyond your control.
  • Personal accident: This inclusion offers a lump sum payment in case of death or permanent total disability resulting from a car accident. Coverage typically extends to the driver and may include passengers, offering vital financial support during difficult times.
  • Third-party liabilities: Legally mandatory in many countries, this covers the insured against liabilities for injuries to third parties or damage to third-party property. If you're at fault in an accident, your insurance covers medical treatment for injured persons and repair costs for damaged property, shielding you from potential legal and financial consequences.

These inclusions underscore the importance of car insurance as a vital investment for all vehicle owners, providing extensive protection against a wide array of risks.

Key exclusions of car insurance

Certain exclusions exist in car insurance policies, including:

  • Normal wear and tear and vehicle depreciation
  • Damage due to mechanical or electrical breakdown
  • Damages resulting from driving under the influence of drugs/alcohol
  • Damages while driving without a valid licence
  • Damages occurring outside the geographical limits mentioned in the policy

Car insurance add-ons you can consider

Additional coverage options, known as add-ons, can be purchased alongside a comprehensive car insurance policy for your Tata Altroz. Here are some of the add-ons available for purchase:

  • Zero depreciation cover: Ensures full reimbursement for repairs without factoring in depreciation during claim settlements.
  • Engine protection cover: Provides coverage for the repair or replacement of the engine in the event of damages caused by accidents or water ingression.
  • Roadside assistance: Offers aid in emergencies such as breakdowns, flat tires, 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 the event of 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.
  • 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 Tata Altroz car insurance through Bajaj Finance Insurance Mall

Bajaj Finance Insurance Mall offers a convenient platform for you to buy or renew Tata Altroz car insurance plans. 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 Tata Altroz with a car insurance policy.

Car insurance claim process

Here's a breakdown of the car insurance claim process, divided into cashless and reimbursement claim processes:

Cashless claim process

  • Inform the insurer: Promptly notify your insurance company of any accident or damage to your Tata Altroz, utilising dedicated helplines or claims reporting portals.
  • Choose a network garage: If your insurer offers cashless claims, select a network garage authorised for repairs, ensuring seamless processing.
  • Submit documents: Provide necessary documents like an insurance policy, vehicle registration certificate (RC), and driving licence at the network garage, where the damage assessment takes place.
  • Inspection and approval: The insurer's surveyor assesses vehicle damage, estimates repair costs, and issues cashless claim approval.
  • Repairs: Upon approval, the network garage proceeds with repairs, with the insurer settling bills directly, possibly requiring payment of deductible or depreciation.
  • Collect your vehicle: After repairs, inspect your car for satisfactory completion before retrieving it from the network garage.

Reimbursement claim process

You must first pay the repair fees and then go through the reimbursement claim process to get your insurance company to repay you. Here's a step-by-step guide to the cashless car insurance claim process:

  • Inform the insurer: Notify your insurance company of accidents or damage to your Tata Altroz, similar to the cashless claim process.
  • Document collection: Gather essential documents like filled claim form, insurance policy copy, FIR (if applicable), repair estimates, bills, and receipts.
  • Repair your vehicle: Proceed with repairs at a preferred garage, keeping all related bills and receipts for submission.
  • Submit claim documents: After repairs, submit claim documents along with repair bills and receipts to the insurer.
  • Claim processing: The insurer reviews your application and supporting documents, possibly conducting a survey to verify claim details.
  • Reimbursement: Upon approval, the insurer reimburses eligible expenses for vehicle repairs, subject to deductions like deductible and depreciation.
  • Claim settlement: After finalising reimbursement, the insurer processes payment via your preferred mode.

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 Tata Altroz car insurance premium amount?

Several factors affect the insurance premium for your Tata Altroz car. These include car model, age, cubic capacity, fuel type, RTO location, Insured Declared Value (IDV), and claim history.

How can I reduce my Tata Altroz insurance premium?

To reduce Tata Altroz insurance costs, retain NCB by paying for minor repairs, install ARAI anti-theft devices, compare premiums, maintain the car, read owner's manual, and check tyre pressure and brake fluid levels. Consider add-ons like key replacement, NCB protection, personal accident, consumables, zero depreciation, and engine protection covers to enhance coverage.

Will the insurer inspect my Tata Altroz car before renewal?

This depends on insurer policies, claim history, and car age. Some may require inspection, while others offer hassle-free renewals.

Is Tata Altroz a luxury car?

No, the Tata Altroz isn't quite a luxury car. It falls into the premium hatchback category, offering more features and a more refined feel than basic hatchbacks, but without the high price tag and exclusivity of luxury brands.

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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 within 1,000 CC, between 1,000 and 1,500 CC and exceeding 1,500 CC. Premium may vary based on the specification of the vehicle.