With rising traffic congestion and poor road conditions, the risk of vehicle damage or accidents has become a growing concern. When you've invested lakhs in your car, protecting it with the right insurance becomes essential.
Read on to explore key tips and benefits of buying car insurance in Lucknow.
Features of car insurance
The key features of car insurance are as follows:
- Legal compliance: As detailed by the Motor Vehicles Act (1988), third party car insurance is mandatory for all vehicle owners. Driving without valid insurance may result in fines.
- Risk coverage: Car insurance provides coverage against a range of risks, including accidents, theft, fire, natural disasters and other unforeseen damages.
- Flexible customisation: Various add-ons, such as zero depreciation coverage, roadside assistance and engine protection, can be added to tailor your policy. This personalisation ensures that your insurance meets your specific requirements.
Types of car insurance policies in Lucknow
The various types of car insurance policies available in Lucknow are:
- Third party car insurance: This is the minimum coverage required by law. It covers the cost for injuries, deaths, or damage caused by your vehicle to the other party.
- Comprehensive car insurance: An extensive form of coverage, this policy includes third-party liabilities and damages to your vehicle.
- Own damage insurance: This policy covers damage to your vehicle resulting from accidents, fire, theft, or other insured risks.
Benefits of car insurance policies in Lucknow
A robust car insurance policy can offer various benefits, including the following:
- Financial protection: Car insurance in Lucknow serves as a financial safety net, covering the cost of repairs and replacement if your car is damaged in an accident. It provides liability protection by covering third-party damages or injuries, helping you avoid major financial setbacks if you're involved in an accident.
- Legal compliance: Third-party car insurance is mandatory by law and acquiring a policy ensures you are complying with the law while on the road.
- Protection against natural calamities: Lucknow experiences varied weather conditions, including heavy rainfall in the monsoon season. Comprehensive car insurance covers damages caused by floods, falling trees and other natural disasters, ensuring your vehicle stays protected against environmental risks.
- Coverage against theft: Car theft is an unfortunate reality, even in well-patrolled areas. A comprehensive car insurance policy safeguards you by covering losses due to theft and compensates you for the value of your stolen vehicle.
- Long-term peace of mind: Driving on Lucknow’s busy roads comes with its share of risks, from accidents to legal liabilities. Car insurance offers long-term peace of mind by covering repair costs, third-party claims and unforeseen legal expenses.
Coverage offered under car insurance in Lucknow
Car insurance coverage varies by type of plan, insurer chosen and add-ons included in the plan. However, a robust car insurance policy typically covers the following:
- Covers repair costs for damages resulting from accidents or collisions
- Provides reimbursement based on the insured value if your vehicle is stolen
- Compensates for repair or replacement costs due to floods, landslides, earthquakes, or other natural calamities.
- Offers financial compensation to the owner-driver in case of accidental death or disability.
How to buy car insurance online in Lucknow?
Follow the given steps to acquire car insurance in Lucknow online:
- Compare policies: Research and compare insurance policies from different insurers to select one that suits your needs and budget.
- Visit the insurer’s website or app: Visit your selected insurer’s website or download their app.
- Provide necessary details: Provide vehicle registration information, personal details and other relevant data.
- Select coverage and add-ons: Choose the desired coverage and add-ons based on your needs.
- Pay the premium: You can complete the premium payment through online banking, credit/debit cards, UPI, or other convenient payment methods. Once the payment is successful, your policy will be sent to your registered email address.
Conclusion
A well-chosen car insurance policy helps meet legal requirements and offers comprehensive protection against accidents, theft and natural disasters. With the right coverage in place, you can drive confidently on Lucknow’s roads, knowing that both your vehicle and finances are well protected.
FAQs
- What are the key advantages of buying car insurance online?
Purchasing car insurance online in offers unmatched convenience, saving both time and money. It allows you to compare plans from multiple insurers, customise your coverage and complete the process without any paperwork. Additionally, online policies often come with exclusive discounts on premiums, making them a cost-effective choice.
- Which add-ons are worth considering for car insurance in Lucknow?
Zero depreciation, roadside assistance, engine protection, consumables cover and key replacement are some add-ons that you can include to improve your policy’s coverage.
- What documents are needed to renew car insurance in Lucknow?
To renew car insurance in Lucknow, you will need your previous policy documents, vehicle registration certificate and a document of identity verification like an Aadhar card.
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.