Hyderabad is seeing a sweeping increase in visitors and the number of vehicles in Hyderabad has also increased thrice within 12 years. This brings in the significance of car insurance. The need for the best car insurance in Hyderabad relates to the protection of car owners from any financial burdens arising from any mishaps. Let’s look at a few important details of car insurance in Hyderabad.
Features of car insurance.
Searching for car insurance Hyderabad online? Let’s look at some of the key features of car insurance:
- No depreciation: With zero depreciation as an add-on car insurance cover, you get a full settlement. Contrary to normal car insurance, there is no write-off for the car’s depreciation.
- Cashless garage services: Cashless garage networks offer garages where the insured car is repaired. The owner remains free of the hassles of payment since it is directly handled by the insurance provider.
- No-claim bonus: The insurer offers a discount to the policyholder when the owner has made no claims on the insurance.
- Third-party coverage: To compensate the third party for any damages during an accident.
- Personal cover: Insurance to cover the death or disability of oneself, caused due to an accident.
- Towing services: For the convenience of the policyholder, or in case the vehicle is immobilised, towing services come in handy.
- Fast online services: For renewal or a new policy, the approval is quick and requires minimal paperwork.
Types of car insurance policies in Hyderabad
The car insurance price in Hyderabad changes according to the policy type:
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Type of Insurance
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Details
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Pros
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Cons
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Comprehensive car insurance
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It covers protection for the car owner/driver, passengers and the vehicle. It also insures any cost from third-party damage, injury, death, theft or fire.
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1. Several add-on options to choose from.
2. The benefits of a no-claim bonus.
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1. Might be slightly expensive.
2. The claim process can be detailed.
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Third party car insurance
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Contrary to comprehensive policy, it only covers expenses for the third party. Especially in the case of property damage, injury or death.
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1. Highly affordable and required by law in Hyderabad.
2. The documentation process is easier.
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1. No benefits of own-car-damage coverage.
2. There are no options of add-ons applicable.
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Benefits of car insurance policies in Hyderabad
The best car insurance policy in Hyderabad should offer the following benefits:
- Financial security: A car insurance policy offers the maximum financial protection in a crisis, such as a theft or a fire. So, you are protected against the financial strain.
- Third-party responsibility: In an accident, the third party suffers too, and insurance can shield you from any legal charges.
- Regulations and laws: The Motor Vehicles Act makes it mandatory for every vehicle to have at least third-party insurance. Without it, there could be fines and penalties.
- Death cover: An accident’s scariest outcome is death, and it can lead to financial strains on the family. Protect your loved ones in such situations with insurance policies.
Coverage offered under car insurance in Hyderabad
The coverage of any car insurance Hyderabad India depends on the following:
- Inclusions: Third-party damages, personal damages, fire, theft, natural disasters, man-made disasters and in-transit damages.
- Exclusions: Breakdown, general wear and tear, drunk driving and invalid licence.
How to buy car insurance online in Hyderabad?
Looking for car insurance online Hyderabad? Follow these simple steps to get one for your vehicle:
- Visit the official website of ICICI and fill in the vehicle’s registration number and details. You will receive a quote for your insurance plan.
- Select the best policy based on your requirements. Compare the features and add-ons.
- Complete the purchase with secure online payment, and get the policy on your email instantly.
FAQs
- How do I claim my vehicle insurance?
Visit the ICICI website or the helpline number (1800 2666) in case of a crisis or sudden accident. Next, you can opt for a video or physical car inspection. Get instant approval for repair.
- What affects my vehicle insurance premium?
Numerous factors determine the car insurance premium, such as the vehicle’s IDV (Insured declared value), model and make, seating and cubic capacity and the type of policy.
Conclusion
Car safety is a major concern among drivers in Hyderabad, and having the right car insurance is essential for peace of mind. Opt for third party car insurance or comprehensive car insurance to enjoy confident 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.