Chennai Car Insurance

Car Insurance in Chennai

Located on the Bay of Bengal coast in southern India, the bustling metropolis of Chennai was originally known as Madras. It is well-known for its lively culture, rich history, and mouthwatering cuisine, and it is home to more than 7 million people.

Having your own automobile in Chennai is not only a practical way to navigate the city but also has certain inherent dangers. As a result, purchasing auto insurance is necessary if you want to safeguard your car from any damage.

Best Car Insurance Rates in Chennai

It is essential to compare insurance policies from various providers to locate the plan that caters to your requirements the most while remaining within your financial constraints. This is because insurance companies offer their customers various pricing and coverage options.

The following is a list of some of the top three firms in Chennai that offer vehicle insurance, along with the rates that each company charges:

1) Bajaj Allianz General Insurance:

This company provides comprehensive coverage at competitive premium prices, starting at Rs 3385 per year, with extra reductions for opting for higher voluntary deductibles or long-term insurance (3 or 5 years).

Pricing: The cost of Bajaj's car insurance plans varies based on several factors, including the make and model of your car, the location of its manufacturing, the number of members in your family and driving history, and the level of coverage you choose.

Inclusions: Bajaj's car insurance plans typically include coverage for damage to your car due to accidents, theft, fire, natural disasters, and other unforeseen events like the car coming under lightning or a falling tree during a storm.

Claims process: You must provide your policy details, the details of the incident, and any relevant documents such as the FIR, driving license, and vehicle registration certificate. A policy agent will visit the premises where your car is getting repaired or wherever it is you choose in the paperwork.

2) ICICI Lombard General Insurance:

This insurer offers comprehensive coverage, with add-on covers beginning at Rs 2800 per year and savings for purchasing long-term insurance (3 or 5 years).

Pricing: The cost of ICICI Lombard's car insurance plans varies based on the make and model of your car, the car brand that you have purchased it from, your location, your age and driving history, and the level of coverage you choose.

Inclusions: ICICI Lombard's car insurance plans typically include coverage for damage to your car due to accidents, theft, fire, natural disasters, and other unforeseen events. Fire cases have to go through a stringent investigation to detect self-arson.

Claims process: You must provide your policy details, the details of the incident, and any relevant documents such as the FIR, driving license, and vehicle registration certificate.

3) HDFC ERGO General Insurance:

This firm offers wide coverage options, such as personal accident cover of up to 15 lakh rupees at low premiums starting at 2585 rupees per year.

Pricing: The cost of NICL's car insurance plans varies based on several factors, including the make and model of your car, your location, your age and driving history, and the level of coverage you choose.

Inclusions: NICL's car insurance plans typically include coverage for damage to your car due to accidents, theft, fire, natural disasters, and other unforeseen events.

Claims process: Submit your policy details, the details of the incident, and any relevant documents such as the FIR, driving license, and vehicle registration certificate to the insurance provider.

Tips to Get Car Insurance in Chennai with a Low Rate

It is vital to compare the numerous policies that are made available by the various insurance companies in Chennai if one wishes to purchase auto insurance at an affordable price. Installing safety features in your vehicle, such as an anti-theft alarm, airbags, and a global positioning system (GPS), can reduce your insurance premium.

1) Shop Around:

Make it a point to read the terms and conditions of any contract you intend to finalise before you sign the contract. This will allow you to gain an understanding of the many types of coverage that are provided by various businesses.

2) Increase Your Deductible:

Increasing your deductible can have a big impact on your monthly premiums. This is because it lowers the risk that your insurer is taking.

3) Multi-Car Discounts:

Many insurance companies give discounts to customers who insure multiple vehicles with them under the same policy or account holder's name. If more than one person in your household owns cars that need to be insured, you should investigate the possibility of receiving a multi-car discount.

4) Avail No Claim Bonus (NCB):

NCBs are only applicable if there were no claims made during the policy period of the previous year. This entitles the customer to avail of certain discounts from their next year's premium payments, provided they purchase the same brand and type of motor insurance from the same insurer again.

5) Look For Special Offers:

When looking for auto insurance, it is important to watch for discounts, as these can save a significant amount of money while still providing necessary coverages and protection against financial hazards associated with using motor vehicles. These discounts are frequently available online and offline, but customers need to know when and where to look out for them.

How to File a Car Insurance Claim

It is necessary to be familiar with filing a claim for auto insurance to increase your chances of compensation for any damages your vehicle may have sustained. You can claim compensation by going to the website or mobile app of the insurance provider and filling out the needed facts.

1. Contact your insurer:

First things first, you need to get in touch with your insurance company and fill them in on what's going on. Make sure to provide them with as much information as you can, including the date and time of the accident, a comprehensive description of the damages, a breakdown of everyone who was involved, and so on.

2. File an FIR/RTA report:

You may be required to submit either an FIR or an RTA report. However, this will depend on the extent of the damage (in case there are no injuries). This will assist in establishing all of the facts relating to the accidents, and it can be used in the future when evaluating claims.

3. Submit documents:

As part of claim processing, you must submit relevant documents such as police reports (where applicable), repair bills (if any), photographs, etc. Ensure your documents are accurate and complete so your insurer can review them faster and quickly decide on the compensation amount.

4. Get the survey done:

Once all documentation has been submitted by both parties involved in the incident, surveyors will visit the site(s) where the incident occurred, along with receiving input from third-party witnesses, if any, so they can assess the extent of damages accurately, along with liability aspects when applicable.

5. Receive compensation amount :

After surveyors have verified all information provided by both parties involved in the incident and other third-party sources, they will evaluate losses incurred due to the incident, including the cost of repairing or replacing the vehicle and loss due to medical expenses.

What You Need to Apply for Car Insurance in Chennai

Since necessary paperwork could differ from one insurance provider to the next, double-checking this information with the business in advance is important.

Documents Required:

● Vehicle Registration Certificate

● Driving License

● ID Proof

● Address Proof

● Passport-size photograph