Car insurance is essential when you are driving on the streets of a densely populated city like Ghaziabad. It offers you liability coverage and personal injury protection and ensures that you don’t need to undertake a financial burden in the event of an emergency.
This blog will cover everything you need to consider when acquiring car insurance in the city.
Features of car insurance
Understanding the key features of car insurance can help you make informed choices before acquiring a policy. Some essential features of car insurance in Ghaziabad you must know about are.
- Insured Declared Value (IDV): An IDV is the maximum coverage amount that the insurer can offer you if your car is stolen or damaged. The higher the IDV is for your car, the greater the premium amount.
- Personal accident cover: Insurance providers offer extensive financial support for the owner/drive in the event of an
- Cashless service: The insurers maintain a network of garages across the city. In these network garages, you can avail of services without paying upfront. Your insurer settles the bill with the garage directly.
- Add-ons: Add-ons enable you to customise your policy according to your needs and enjoy broader coverage. You can include various add-on services, like Zero Depreciation Cover, Return to Invoice Cover, Breakdown Assistance and Consumable Cover.
- No Claim Bonus (NCB): NCB is a discount on your premium for not making any claims during the year. With consecutive claim-free years, this can accumulate over time and go up to 50%.
Types of car insurance policies in Ghaziabad
The types of car insurance available in Ghaziabad are:
● Third-party insurance
According to the Motor Vehicles Act, it is mandatory for all car owners to have third party car insurance. A third party car insurance policy offers coverage for injuries and property damage to others.
● Own Damage (OD) car insurance
An OD car insurance policy offers coverage for damages to your own vehicle. Whether it’s a road accident, fire, theft or damage caused by natural disasters, this policy allows you to claim compensation for the repair or replacement of your car.
● Comprehensive car insurance
A comprehensive car insurance plan offers both third party coverage and own damage coverage. It covers repair or replacement costs if your car is damaged due to theft, accident, natural calamity or other events, offering complete financial protection.
Benefits of car insurance policies in Ghaziabad
Some benefits of acquiring car insurance in Ghaziabad are:
- Legal compliance: Obtaining insurance is an effective way to ensure legal compliance. Third party car insurance is mandated by law and failure to comply can result in fines, penalties and even imprisonment.
- Financial protection: Car repairs and replacements can be costly. An appropriate policy offers financial support and ensures long-term peace of mind.
- Cashless repairs: Modern insurance policies also allow for cashless repairs. You can visit one of their network garages and avail required services without paying upfront.
- Customised coverage: Insurance policies can be customised to your needs and preferences. Depending on your driving frequency, style, location and more, you can include add-ons in your policy.
Coverage offered under car insurance in Ghaziabad
While coverage varies by policy and add-ons, a comprehensive car insurance policy typically covers the following:
- Personal accident injury and death
- Accidental damages
- Damages caused by natural calamities, fire outbreaks and hostile manmade situations
- Third-party liability coverage
- Theft and vandalism of the insured car
How to buy car insurance online in Ghaziabad?
Acquiring car insurance in Ghaziabad is fairly simple. Follow the given steps to acquire four wheeler insurance online:
- Ensure you have all your personal documents handy, such as Aadhar/PAN card and driving license. Additionally, make note of the relevant details of your car, including the make and model, the year of manufacture and the vehicle registration number.
- Compare insurers online and consider the premium, available add-ons, terms and conditions, claim settlement ratio and more.
- Select a reputable insurance company and navigate to their official website. Provide all relevant personal information and vehicle details.
- Choose an appropriate insurance plan. You can also customise your insurance plan with add-ons like NCB Protection, Return to Invoice, Zero Depreciation and Roadside Assistance.
- Complete the payment and download the policy document.
Conclusion
Car insurance is a crucial safeguard against the unpredictable. From covering costly repairs and accident-related expenses to protecting you against theft, fire and natural disasters, it offers comprehensive financial security.
A well-chosen policy ensures you're legally compliant and better prepared for emergencies on the road. Having reliable car insurance means driving with confidence, knowing you're protected while on the road.
FAQs
- Is there any penalty for failing to have a valid car insurance policy?
Yes, under Indian law, it is mandatory to have at least a third party car insurance policy. Driving without valid insurance can lead to penalties, including fines and/or imprisonment.
- What is zero depreciation cover?
Zero depreciation cover is an add-on to your car insurance that ensures you receive the complete claim amount without any deduction for depreciation on replaced parts. It’s especially useful for new or high-value cars, as it helps minimise out-of-pocket expenses during repairs.
- What is a consumables cover?
Consumables cover is an optional add-on that reimburses the cost of items like engine oil, brake oil, nuts and bolts, coolant and other materials that are typically excluded from standard policies.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. 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.