Chennai, a prominent South Indian city with a rich cultural heritage, has emerged as a major economic hub in recent years. However, with rapid urban growth and a rising number of vehicles, the city faces significant traffic congestion and road safety challenges. Chennai is among the top 100 congested cities globally. Hence, car owners would also agree on the importance of the best car insurance in Chennai.
Features of car insurance
The car insurance price in Chennai usually depends on your vehicle’s model, make and Insured declared Value (IDV). Let’s look at some features of the top insurance policies:
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Features
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Details
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Comprehensive damage cover
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The insurance should cover any damage to the third party during an accident, along with own damage cover.
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Cashless garage network
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For convenient and on-time maintenance and replacement services, without any expenses.
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No claim bonus
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Maximum reduction on subsequent premiums if there are no claims on your previous policy.
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On-ground support
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Receive updates at every step, from pick-up and drop-off to repair status.
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Repair guarantee and warranty
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A repair guarantee for 5 days and a warranty for 2 years or 10,000 km (whichever comes first).
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Effortless claims
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A completely online process for claims with the option of self-video for car damage.
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Types of car insurance policies in Chennai
The following is a list of the most common car insurance in Chennai:
- Own damage insurance: A standalone own damage insurance provides coverage for damage to your own car in any crisis. This might include collisions, road accidents, theft, fire, natural disasters and even man-made disasters.
- Third-party insurance: Under this policy type, the compensation is only for third-party liability. For example, third-party death, property damage or any disability.
- Comprehensive insurance: A comprehensive vehicle insurance covers your own car damage due to accident, fire, theft or any other disaster, along with any third-party liability.
Benefits of car insurance policies in Chennai
Let’s find out the benefits of vehicle insurance policies:
- Rise in theft cases: In recent years, car theft cases have been increasing. A comprehensive car insurance policy will cover the financial losses in case of a theft.
- Personal accident loss: With car insurance, any injury, disability or death of the driver or car owner is insured.
- Prevents financial strains: Unforeseen expenses for your car can come at any time, and car insurance prevents the expensive bills of repairs in such situations.
- Legally mandatory: In India, car insurance policy is mandatory for driving legally. Under the Indian Motor Act, you can be fined Rs 2000 for driving without one.
Coverage offered under car insurance in Chennai
The best car insurance policy will cover the following cases:
- Damage due to accidents or collisions, including third-party liability.
- Damage due to natural disasters, such as cyclones, tsunamis, hurricanes or earthquakes.
- Damage due to man-made acts of strikes or riots.
- Damage, whether partial or total due to theft.
- Damage due to fire or explosion.
- Damage due to transit of the vehicle.
How to buy car insurance online in Chennai?
Follow these three simple steps to purchase online car insurance in Chennai:
- Visit the official website of ICICI and fill in your vehicle’s registration details for an insurance quote.
- Compare prices of different policies and choose the right one for you.
- Finally, complete your purchase with a secure payment and receive the insurance plan on your contact details.
FAQs
- How can I renew my car insurance policy in Chennai?
Renewal for your insurance policy is simple with these steps:
- Visit the insurer’s website
- Enter vehicle and policy details
- Choose coverage/add-ons
- Pay online and download your renewed policy
- Is it necessary to insure my second-hand car?
Regardless of the car being brand new or second-hand, the law mandates insuring your second-hand car.
Conclusion
Securing your car is never easy, but a valid car insurance policy is the first step towards it. Invest in either comprehensive car insurance or third party car insurance to protect yourself from financial losses in unfortunate events.
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.