India’s “IT capital” or “India’s Silicon Valley” are some popular names for Bangalore. With the growth in terms of industries and technology, Bangalore now has India’s greatest number of private cars. This current surge in vehicles has also made the city prone to accidents and increased the demand for the best car insurance in Bangalore. Find out more detailed insights into car insurance with this guide for beginners.
Features of car insurance
The car insurance price in Bangalore remains affordable regardless of the features you enjoy. Let’s look at some of these features:
- Third-party damage cover: A car insurance should cover any physical injury and damage to the third party in case of an accident.
- Own damage cover: Besides third-party cover, the insurance should cover damage due to any natural disaster, fire or collision.
- Roadside assistance: Regardless of your location, an insurance policy with roadside assistance offers convenient repairs.
- Cashless garages network: Free replacement and maintenance services at a wide network of cashless garages.
- No claim bonus: A bonus or discount on your next car insurance if you have not made any claims during the policy period.
- Zero depreciation costs: The car’s depreciation does not affect your settlement prices.
- Hassle-free policy approval: No endless waiting for approval of your car insurance. Enjoy instant approval and effortless renewal.
Types of car insurance policies in Bangalore
Several factors determine the car insurance cost in Bangalore. This includes the vehicle’s IDV, model, make and even the policy type. The following are the most popular policy types:
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Insurance type
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Coverage
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Benefits
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Disadvantages
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Own damage car insurance
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The policy covers only damages to your own car. It is restricted to financial protection for one's own car damage only.
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1. Provides options for add-ons.
2. Offers coverage for theft and any type of disaster.
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1. No coverage for third-party damage.
2. This policy only applies to cars bought after September 2018.
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Third party car insurance
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It insures the third party and its losses in an accident, such as damage to property or physical injury.
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1. An affordable option for every car owner.
2. Convenient documentation process.
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1. It does not insure damage to your own car.
2. The policy does not include options for add-ons.
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Comprehensive car insurance
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Insurance for any third-party injury or damage as well as own damage. It also covers theft, fire or other disasters.
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1. You can select from a wide range of add-ons.
2. Enjoy the benefits of a no-claim discount on your next policy.
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1. The most expensive of policy types.
2. The process to claim is detailed and quite a hassle.
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Benefits of car insurance policies in Bangalore
The following are some benefits of car insurance policies in Bangalore:
- Law compliance: For driving in Bangalore, a third party car insurance is mandatory or you can get a fine.
- Financial protection: You are protected from the financial strain of legal charges if a third party files a lawsuit due to an accident.
- Comprehensive coverage: With comprehensive car insurance, you are protected in every situation. From theft cases to natural calamities, it insures your car from any damage.
Coverage offered under car insurance in Bangalore
A car insurance in Bangalore covers the following:
- Damage due to natural or man-made calamities. From earthquakes to floods to riots.
- The theft of your car, including all the parts.
- Unfortunate accidents or collisions.
- Damage due to fire.
- Legal fees in case of charges due to an accident.
However, it does not include the following factors:
- General wear and tear.
- Mechanical or electrical failure.
- Damage due to war, or outside of India.
- Driving without a licence or under the influence of alcohol.
How to buy car insurance online in Bangalore?
You can purchase car insurance in Bangalore with these simple ways:
- Get an insurance quote from ICICI’s official website with just your vehicle’s registration number.
- Compare all features and choose the best policy that applies.
- Securely pay the insurance price for instant approval.
FAQs
- Can I drive without insurance in Bangalore?
Insurance is legally mandatory in Bangalore for all vehicles. You could be fined Rs 2000 for driving without one.
- What are add-ons in insurance?
Add-ons improve your safety with insurance. You can get zero depreciation, a no-claim bonus, roadside assistance, engine repair and much more with add-on covers.
Conclusion
Whether you are opting for third party car insurance or comprehensive car insurance, your vehicle should have one. Protect yourself, your loved ones and others on the road with car insurance and enjoy relaxed rides.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.