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Motor Car Insurance

Get the best of both worlds - superior car coverage and attractive premium.

Importance of Car Insurance in India

'Nimbu Mirchi' can only protect you from 'buri nazar' even if you're a fabulous driver. Insurance was created to protect you from unexpected and unlikely events. Here are some scenarios where a car insurance can act as a life saver!

How to save on Car Insurance Premium

Choose The Right IDV

Choose The Right IDV

A lower IDV demands a lower premium to be paid. (But compute wisely, since IDV is the utmost value the insurer can compensate you with).
Avail No Claim Bonus

Avail No Claim Bonus

Your responsible driving skills are rewarded with a bonus of upto 50% on your premium, for every consecutive claim-free year. Now isn't that a treat?
Install security devices

Install Security Devices

Automative Research Association of India (ARAI) approved anti-theft devices can fetch you up-to 2.5% discount on your motor insurance premium!
Become AAI Member

Become AAI Member

Membership of the Automobile Association of India, an organisation powered by IRDAI, secures you a concession on own-damage premium.

Compare Car Insurance: Get the Best Quote Online

Car insurance comparison just got easy! A simple car insurance policy compare tool can get you the best quotes when you compare car insurance policies from top insurers.

12+ Motor Insurance Companies in India
20+ Car Insurance plans available in market
16+ Unique Add-on Covers to choose from
3500+ Cashless Garage Network

Benefits of Car Insurance Renewal through Coverfox

Choose The Right IDV

60% DISCOUNTS

Get up to 60% discounts on own damage premium. The discount rates vary for each Car make, model and RTO. Check out the rates against your car!
Avail No Claim Bonus
UNBIASED EXPERT ADVICE
We have a team of experts to help you pick the right insurance for your car. We recommend listening to their advice and making your own decision. Renewal of your car insurance also becomes a really easy task because of our expert's unbiased advice.
Install security devices

POST-SALES ASSISTANCE

Our service managers are there to help you with any concern regarding your policy. Confused about some clause? Need something changed? Want to file a claim? We are here to help.
Become AAI Member

EXPRESS CLAIMS SERVICES FOR FREE

Car damaged? No more waiting for days to get it back on the roads. Our Express Claims Service guarantees 3 day car repairs and claim settlement. Just give us a call, and we’ll do the rest. It’s a door to door service, you don’t have to move an inch!

Car Insurance Renewal Checklist

While renewing your car insurance policy online, leave no scope for ‘blind spots’.

  • Apt Coverage: If you only have third-party plan, then you need to consider getting a comprehensive policy. This will cover you against heavy expenses of repairing your car in case of an accident.

  • Check IDV: You need to get suitably compensated in case of theft/loss. Depending on your car's age, re-evaluate your car's Insured Declared Value against premiums. By this, you'd know if you have got the best price.

  • Claims Check: This makes a huge different. If you haven’t checked the claims ratio of your previous insurer, don’t skip verifying it now.

  • Check Cashless Garages: Take sure you look for the cashless garages near your area that would provide, repair services for your car.

  • Ideal Add-ons: If you were not aware how add-ons can help you during claims, this is the time. If your car’s age is less than 5 years, consider covers like Zero Depreciation or Engine Protector or Return to Invoice.

  • Deductibles & Discounts: Check if you’ve got all discounts that you are eligible for. A deductible indicates the amount you will have to pay every time before claim. If your policy includes it, ensure that it fits your budget.

You happy. We happy.

"My first experience with Coverfox was an absolute delight. Their positive response and effective actions changed my opinion of the entire insurance segment. Hope they keep it up!"

Ramachandran D

"What I’ll never stop being thankful for is the fact that my claim for total loss was settled in such less time. Thank you so much for all the support from your side!"

Arun H

"Their prompt replies, seriousness about policy deliveries and commitment to their job are just some factors that make Coverfox shine through. But their complete transparency in their calls clearly is the icing on the cake!"

Navneet

"Having been a customer for over a year, I feel relaxed as far as health insurance is concerned. Their customer service personnel guided me through each step of my process while helping me finding the best plan!"

Manoj Kumar Jain

FAQs on Car Insurance

What are the documents required to buy car insurance online?

With the availability of online platform, buying insurance is a very simple and hassle-free procedure. However, if the insurance company demands, you would need to keep the following documents handy.

  • The copy of your Registration Certificate (RC) of your vehicle
  • The invoice copy for a new car
  • Previous insurance policy
  • No claim bonus reserving letter, whenever required

What are the documents required to register a claim?

The sole purpose of buying insurance for your car is to get adequately compensated for any damages and losses. To ensure that you raise a successful claim, it’s necessary to keep all the relevant documents at hand. While insurance companies try their best to avoid pesky paperwork, here is a list of documents you need to have on you:

  • The copy of the Registration Certificate and Tax Receipt of your car
  • The proof of valid insurance document
  • Copy of your Motor Driving License
  • Repair Bills and Payment Receipts in case of reimbursement
  • Copy of FIR/Panchanama in case of Theft or Third Party damage/death/bodily injury

How do you compare plans before choosing one?

We all know that too many options usually implies too much confusion. That is why, before choosing, one must compare plans on the basis of:

  • Car Insurance Company: Check the company’s past records for the number of claims settled and the time taken to settle them.
  • Premium and Coverage: Balance between the premium you are willing to pay and the coverage that you will actually end up needing. Also, don't forget to include add-ons accordingly.
  • Cashless Garage Network: Be sure about the insurer’s network garages in your area. You must remember that you can avail cashless services only at these garages, so that's always tricky.

How is the premium for Expired Car Insurance determined?

A car insurance policy will be valid for a particular period. After this period, the insurance policy lapses. It is advisable to renew it in time so as to benefit from the No Claim Bonus (NCB). If the car insurance lapses and you renew it within 90 days you may still benefit from the NCB. Post 90 days, you need to initiate the process by filling details all over again and getting your car inspected by the surveyor. Also, as the NCB is lost it would result to higher premiums.

Is online car insurance only for new car insurance policies?

No, online car insurance is not only for new car insurance policies. You can also renew your existing car insurance policies online.

What details I require for online car insurance renewal?

You will require your existing car insurance policy number and registration/engine number for online car insurance renewal.

What parameters should I keep in mind while comparing car insurance quotes?

While doing a car insurance comparison, you need to consider the amount you are willing to pay as premium with respect to the best coverage options available. Depending on the car model, engine type, and your area of residence, you need to understand what are your car insurance requirements and limitations.

A little background research is required on the insurance companies. Compare car insurance premium breakup of quotes by different insurers. Check if the Insured Declared Value (IDV) is optimum enough to save you from total losses of your vehicle in the event of an accident or theft.

Choose add-on covers, like zero-depreciation cover, as per your requirement. Apply discounts (like No-claim Bonus on own-damage premium) and then compare to see if the insurance quote provides value for money.

How does Coverfox.com assist me with car insurance comparison?

When you compare car insurance quotes on Coverfox.com, you get to customize your car insurance premium based on the different insurers available, the IDV and add-on covers. You can schedule inspection of your car if required by the insurance company. In case you do not understand the plan that you choose or any other aspect of the plan that you wish to buy, then our expert advisors are available to guide you through the process.

Can I expect the quotes to change if I compare now and then try again after few hours?

It won’t change in few hours. However, it may change after every 15 days only if insurance companies update their insurance prices. In such cases, the insurance quotes may increase or decrease. However, note that each year, IRDAI revises the third-party rates, so you would find a change in quotes annually due to revision in third-party part of the premium.

If I have viewed quotes for comparison and want to save them so that I can review them later, is it possible to save quotes?

For this, you can bookmark the URL and then view the quotes as per your convenience.

Another option that you have on Coverfox.com is to view your quote and click on the button ‘shares these quotes’ and then copy paste the link and save it somewhere. Perhaps if you want to show these quotes to your dad or a friend, you could do so easily via the share button.

Will my premium get cheaper each year if I stick to the same insurer?

No it is not necessary that your premium will get cheaper if you stay with the same insurer. Insurers usually don’t offer retention discounts online. They may have their own discounts to offer – Example: Occupation discount, etc.

If at all your premium decreases it could be because your IDV has reduced. Or perhaps, you had a claim-free year so you can ask for NCB discount. Or perhaps you chose to discontinue certain add-on covers. For example, you may have had a zero-depreciation add-on but that would be valid only till the 5th year. From the 6th year onwards, since the add-on is discontinued, your premium is lowered by default.

Your premium could also increase, if you may have added few more add-ons such as personal accident cover add-on or accessories cover add-on. Sometimes, due to increase in taxes, the premiums can increase.

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