Buy motor insurance online.
What is motor insurance?
Call us to get a Quote 24/7
Characteristics of Auto Insurance
You may easily acquire motor insurance from Kirannadkarni.com after comparing rates from the top motor insurance providers.
From the convenience of your home, you may also renew the automobile insurance policy online.
You can supplement the coverage provided by your auto insurance policy by purchasing add- ons, which are optional covers.
In addition to covering losses from accidents, motor insurance also offers coverage for theft, natural catastrophes, fire damage, vandalism, man-made disasters, etc.
In the event of theft or accidents, you can benefit from cashless claim support by submitting sufficient proof.
A No Claim Bonus provision is also included in auto insurance. According to this provision, the insurer will provide you a certain discount on the renewal premium if you do not file a claim throughout the term of the policy.
Insurance companies continue to develop new policies and add-ons to give you better protection and support if you run into problems filing a claim.
Motor Insurance Types
1) Auto Insurance
Auto insurance provides protection against unintentional loss or damage to one's own vehicle or to a
third party caused by the covered vehicle. A person should constantly compare the premiums offered by
different insurers when selecting a car insurance policy to get the best bargain. The value and make of
the vehicle, the state in which it is registered, and the year of manufacture all play a significant role in
determining the premium amount.
2) Motorcycle Insurance
Bikes and scooters are protected financially and legally by two-wheeler insurance or bike insurance. It
protects two-wheelers against both their own damages and any accidental losses brought on by third-
party people or property.
Similar to car insurance, the cost of a two-wheeler coverage is determined by the bike's age,
manufacture, model, year of registration, and other factors.
3) Insurance for Commercial Vehicles
All business vehicle drivers benefit from commercial vehicle insurance since it lowers potential losses
brought on by vehicle damage. It protects a commercial vehicle from unanticipated losses such as theft,
fire, crashes, and third-party losses. Vehicles used for business purposes, such as trucks and goods-
carrying vehicles, are included in this category.
India's several motor insurance options
1) Insurance Coverage for Third Parties
It is legally required coverage that protects a person who has been hurt by you or your car while a third
party. It provides coverage for third-party wrongful death, bodily harm, and property damage. The
insured receives no immediate advantages from the coverage. No insurer may refuse to write third-
party liability insurance, according to the Insurance Regulatory and Development Authority of India
(IRDA).
2) Independent OD Cover
A Standalone Own Damage Cover, recently launched by the IRDAI, guards the covered vehicle against
any own damages resulting from unforeseeable events like accidents, theft, fire, etc. If you currently
have third-party coverage but also wish to protect your own vehicle against financial losses, you can
acquire this auto insurance policy.
3) Comprehensive Insurance Protection
This coverage, which is an add-on to third-party insurance, guards the owner of automobiles, bikes,
scooters, and trucks against monetary losses brought on by theft or damage to the insured vehicle. In
addition to car insurance, it also offers third-party protection. Consequently, comprehensive auto
insurance offers greater coverage and has a higher price.
Things to Think About When Purchasing Motor Insurance
Negative Depreciation: The price of the car reduces to practically half of what you paid for it as soon as it leaves the dealership. You are advised to choose the zero-depreciation add-on to acquire the best coverage amount after the depreciation in order to maintain the monetary value of your car.
Claim Settlement Ratio: Research your preferred insurance company's claim settlement ratio before buying a vehicle insurance policy.
Personal Accident Cover: Verify whether or not the car insurance you intend to buy includes personal accident cover.
Add-on: If the level of coverage offered by your selected comprehensive insurance plan leaves you unsatisfied, you may always think about purchasing an add-on that is offered by your insurer.
Network Garage: Determine whether the insurance company you want to partner with has a strong network of garages.
No Claim Bonus: Determine whether the insurance provider offers a respectable no-claim bonus and permits you to transfer it to your new insurer.
Terms And Conditions: Study the terms and conditions properly before signing any documents, make sure to carefully read the terms and conditions.
Factors Affecting the Cost of Auto Insurance
Brand: Your insurance plan's premium cost is determined by the make and model of your car, which includes its cubic capacity, model, and variant
Age: The age of your car affects both the insured declared value and the depreciation value.
Engine: The type of engine, whether a gasoline or diesel engine, will have an impact on the IDV and may lead to an increase in the premium.
Engine: The type of engine, whether a gasoline or diesel engine, will have an impact on the IDV and may lead to an increase in the premium.
Location: The premium for your car will vary depending on where it is. For instance, the cost of your automobile insurance premium will be higher if you reside in a major city because the likelihood of an accident there is higher.
Add-on: Although the motor insurance plan already has a specific set of coverage, the insurance companies also provide add-ons, allowing you to increase the coverage if you are dissatisfied with it.
No Claim Bonus: For not filing a claim during the previous policy period, insurance providers offer a reduction on the renewal of your automobile insurance for the following year
4500+
Happy Customers
25+ Years
of Experience
50+
Awards Won
1700+
Claims Settled
Ready to compare quotes and save?
Compare Quotes and get your Insurance in Right Way
Do check out our other pages giving more information on Health Insurance, Life Insurance, Travel Insurance, and Mutual Funds.
Request a Quote
Get motor insurance online – instantly
What does our motor insurance cover?
- Third-party liability
- Own damage
- Theft
- Fire
- Natural calamities
- Add-on covers