Kolkata is West Bengal's capital and India's former capital. It's well-known for films and theatres besides its modern architecture.
As this densely populated city remains jam-packed with cars, getting into accidents is common. It has been surveyed that Kolkata ranks high regarding road accidents and fatalities.
Traffic mismanagement, poor transport infrastructure, and surging theft cases also compel car owners to purchase car insurance. Moreover, the Government of India mandates car insurance policies to control traffic and infrastructure.
Having car insurance in Kolkata helps you lower your legal and financial liabilities. Hence, buying one for your safety is essential.
Kolkata encounters traffic issues, accidents, and congestion daily. Accident cases have become a threat with the surge of cars. So, choosing the best car insurance companies is necessary.
Here are the top 4 companies offering maximum availability, discounts, customer experience, and coverage options.
It's the most trustworthy and oldest insurance firm that knows the significance of car insurance. Therefore, it provides top-notch insurance products that cater to society's different sections.
Personal accident coverage
Unintentional law obligations
This company has budget-friendly charges for motorists having different needs. It provides its policyholders with empowerment and a sense of financial liberty. Moreover, Reliance Car Insurance offers you an enormous range of cheap products and a top-notch customer experience. Hence, Reliance has become a leading company for several driver profiles.
Lock & key protection
NCB Retention cover
Return to Invoice
It is famous for its optional coverage options, minimal complaints, and claims procedure. This company helps overcome the average charges only.
Return to Invoice
Engine Protect Plus
Loss of Personal Items
HDFC ERGO has excellent coverage options and receives high marks for its accident repair claims handling efficiency. These benefits balance out the variable HDFC ERGO Car Insurance Price that relies on your driving history.
Zero depreciation cover
Lock and key replacement
Gearbox and engine
Getting an affordable car insurance policy is what everyone wants. If you're renewing an existing policy or purchasing a new one, you must look for a budget-friendly alternative. As the lowest price is a leading factor to consider, these are handy tips for getting low-rate car insurance.
Compare & assess car insurance options
Before choosing a specific vehicle insurance cover, have a look at the below-mentioned criteria:
Utilise NCB, aka No-Claim-Bonus
A car insurance company will reward you NCB when you don't claim on the insured car. The renewal of your car insurance policy leads to giving you an NCB. It may rise to 50% if you don't claim for five years straight. Hence, you must ensure that the company gives NCB if you're qualified for it.
Opt for the right Insured Declared Value (IDV)
IDV implies a car rate's current market value, which has nothing to do with the car's resale worth. It has a straight impact on the insurance premium. You will get the most amount from the insurer during the car loss.
Although, there's a catch to it. In case you opt for a maximum IDV, the premium will rise. On the other hand, a reduced IDV will have insufficient insurance coverage. So, choose wisely when selecting the correct IDV for your car.
Go to the Insurance Regulatory and Development Authority of India (IRDAI)
Visiting IRDAI guidelines helps you provide loaded details on your search. It contains vital information, such as annual reports, insurer lists, penalties, etc. You can opt for low-rate insurance rates for your car by familiarising yourself with the IRDAI norms.
Dealing with a car accident is intimidating. But when you have car insurance, it will mitigate your financial load. To file a vehicle insurance claim in Kolkata, follow these steps:
Contact your insurance firm
The post-accident phase needs you to contact your Third Party Car Insurance company. So, you can either head over to the official website or use a mobile application.
Provide every piece of information to the insurer
Gather all the details, including your car number, your contact details, and if anyone was involved in the mishap. Convey all these things to your insurer.
Register a police complaint
It's advisable to file a complaint at your nearby police station. Be mindful of sharing vital information with the cops, including the time and place of the accident, car number, and witnesses. Don't forget to keep aside an FIR copy with yourself.
File your vehicle insurance claim
Filing car insurance is hassle-free and can be done manually and online. Fill out a claim form your car insurer gave, and provide all the documents.
A car insurance policy safeguards your car from several damages. So, car insurance isn't an option; it's mandatory. Let's Check Car Insurance Online items which you should carry:
You need to submit car details that you're willing to insure, such as the car's model, manufacturing year, engine size, and registration number.
Your details, including your name, age, address, driving history, and age. Moreover, you may need to submit your Aadhar and PAN details.
Older policy information
If you are renewing your car insurance policy, you will need to provide information regarding your previous policy, including the policy number, expiration date, and any claims filed during the policy period.
You may apply for an NCB in case you haven't made a claim while renewing your insurance policy.
You can pay the premium for your car insurance policy online or offline by cash. Additionally, you may choose to pay the premium annually or in instalments.
Keep all these details in hand to make the process of car insurance application hassle-free.
The need for documentation might vary from one insurance provider to another. You will need the below-mentioned documents in most cases:
Your ID proof, including PAN, Aadhar, and passport.
Your driving license.
Car's RC, aka registration certificate.
PUC, aka Pollution Under Control Certificate.
Policy number of your car insurance.
Your current photograph.
Car's registration number.
Car's inspection report.
Extra documents, for example, NCB certificate.
Getting your vehicle insured provides financial protection against potential damages or liabilities that may arise from accidents, theft or other unforeseen events. It also ensures that you comply with legal requirements and can give you peace of mind while driving.
Yes, you can terminate your auto insurance policy in Kolkata by submitting a written request to your insurance provider. However, certain terms and conditions or penalties may be associated with the termination.
Comparing prices and amenities is the best way to find auto insurance providers offering the best deals. The location, style of vehicle, and driving history are some of the finest factors.
Ans: If you purchase zero depreciation schemes, the car insurance company will pay the entire claim sum regardless of a state of decline.
When you register for a vehicle insurance policy, the insurer will contact you if any of the necessary papers are lacking and they need more information. The agent would contact you if you registered through him to request extra paperwork.
Although it differs from one insurance provider to another, the average time to resolve a claim is 7–10 days.
Yes, it is mandatory to purchase car insurance in Kolkata, as it is in the rest of India, as per the Motor Vehicles Act. Driving without valid insurance can result in penalties or legal consequences.
NCB, or no-claim bonus, is a reward given to policyholders for not making any claims during the policy period. It usually results in a discount on the premium for the next policy term.