Amritsar is a beautiful city located in the state of Punjab in India. It is well-known for its historical significance, cultural richness, and food. Owning a car in Amritsar is quite common and convenient for navigating the city. However, it is important to have car insurance in Amritsar to protect yourself from financial liabilities in case of any unfortunate incidents such as accidents, theft, or natural calamities.
Car insurance not only provides financial protection but also helps in complying with legal requirements. It is mandatory to have at least third-party insurance as per the Motor Vehicles Act, 1988, in India. Thus, it is recommended to choose an appropriate car insurance policy that suits your needs and budget.
Some of the top car insurance providers in Amritsar are:
HDFC ERGO Car Insurance: HDFC Ergo is a leading car insurance company in India and offers comprehensive coverage for car owners in Amritsar. The company has a high claim settlement ratio and provides 24/7 customer support. It also offers cashless repair services at over 6800 authorized garages across India.
ICICI Lombard Car Insurance: ICICI Lombard is one of the largest private sector general insurance companies in India and offers a range of car insurance policies. The company provides a unique add-on cover called "Zero Depreciation" which ensures that you receive the full value of your car during claims without any depreciation deduction.
New India Assurance Car Insurance: New India Assurance Car Insurance offers a range of benefits such as cashless claims, 24/7 customer support, and a high claim settlement ratio. The company also provides add-on covers like personal accident covers, engine protection covers, and third-party liability covers. Additionally, it offers discounts for installing anti-theft devices and for members of recognized automobile associations.
Oriental Insurance Car Insurance: Oriental Insurance Car Insurance offers comprehensive coverage for car owners in India, including third-party liability, own damage, and personal accident cover. The company provides cashless claim settlement services at over 4000 authorized garages and has a high claim settlement ratio. It also offers discounts for installing anti-theft devices and for members of recognized automobile associations.
Bajaj Allianz Car Insurance: Bajaj Allianz is a well-known insurance company in India that offers car insurance policies that come with a range of add-on covers. The company provides 24/7 customer support and has a high claim settlement ratio.
These companies offer competitive rates, good customer service, and easy claims settlement processes, making them some of the best options for car insurance in Amritsar.
Here are some tips and options to help you get car insurance at a low premium in Amritsar:
Compare Quotes: Don't just settle for the first insurance policy you come across first. It is better to compare quotes from different insurance providers, analyze them carefully, and select the best deal that suits you most.
Choose a Higher Deductible: A higher deductible means a lower premium. Just make sure you choose an amount you can afford to pay in case of an accident at low rates.
Maintain a Good Driving Record: Insurance companies offer discounts to drivers who have a good driving record with no or low damage cases, as they are considered less of a risk.
Install Safety Features: Installing safety features such as anti-theft devices, airbags, and anti-lock brakes can help reduce your insurance premium.
Opt for a Lower Coverage: You may not need the highest coverage for your car. If you have an older car or don't drive frequently, a lower coverage may be a more cost-effective option.
Look for Discounts: Many insurance companies offer attractive discounts for various reasons, such as bundling policies, being a member of certain organizations, or having a good credit score. Be sure to ask about any available discounts.
Pay Annually: If you can afford it, paying your insurance premium annually rather than monthly can save you money in the long run.
By following these tips, you can pick a more viable policy and reduce the cost of your car insurance premium in Amritsar.
In the event of an accident, theft, or any other damage to your car, It is important to know how to file a claim to receive quick reimbursement for the damages or losses that your car has incurred.
The easiest way to file a car insurance claim is through the insurance company's website or mobile app. Alternatively, you can call the insurance company's customer service hotline and follow the instructions given by the representative. The following are the general steps involved in filing a reimbursement claim:
Collect all the necessary information such as the date, time, location, and cause of the accident or damage.
Contact your insurance company immediately and provide them with the necessary information. They may ask for additional details like photos, videos, or witness statements.
Register the claim by providing the necessary details on the insurance company's website, mobile app, or customer service hotline.
An inspection of the damaged car may be required by the insurance company to assess the damage and determine the cost of repairs.
Once the claim is approved, the insurance company will provide payment for the damages incurred as per the policy coverage.
It is important to note that the claims process may differ from one insurance company to another.
To apply for a car insurance policy in Amritsar, you will need to provide the following documents:
Vehicle registration certificate: This is a mandatory document that contains details about your vehicle, including its make, model, engine number, and chassis number.
Driving license: You will need to provide a valid driving license to apply for car insurance in Amritsar.
ID proof: You will also need to provide valid ID proof such as a passport, voter ID card, PAN card, or Aadhaar card.
Address proof: You will need to provide a valid address proof such as a passport, voter ID card, ration card, or utility bill.
Vehicle insurance: If you are renewing your car insurance policy, you will need to provide the existing insurance policy details.
Recent photographs: You may also need to provide recent photographs of yourself and your vehicle.
No-claim bonus (NCB) certificate: If you have not made any claims in the previous year, you may be eligible for a no-claim bonus certificate, which can help reduce your premium.
Additionally, you may also need to fill in a proposal form and provide information about your vehicle's usage, location, and type of coverage required.
The following is a list of documents that are typically required for applying for car insurance:
Registration Certificate (RC) of the vehicle
Driving License of the policyholder
Previous insurance policy documents (if any)
Pollution Under Control (PUC) certificate
Address proof (such as an Aadhaar card, passport, etc.)
Pan card or Form 60/61 (if PAN is not available)
A vehicle purchase invoice or receipt
Vehicle inspection report (in some cases)
It is important to note that the exact list of required documents may vary depending on the insurance company and the type of policy being applied for.
It is mandatory to have at least third-party liability insurance to drive a car in Amritsar.
Yes, most insurance companies provide the option to renew car insurance policies online.
IDV stands for Insured Declared Value, which is the maximum amount that an insurance company will pay in case of total loss or theft of your car.
No Claim Bonus is a discount offered by insurance companies to policyholders who have not made any claims during the policy period.
Car insurance policies are transferable to new owners in case of a change in ownership of the car.
The coverage amount varies among insurance companies, but some policies in Amritsar offer coverage of up to Rs. 7.5 lakhs.
While it is not mandatory to get comprehensive car insurance, it provides additional coverage and protection for your car.
You can contact your insurance company or check their online portal.
Some insurance companies offer the option to customize your car insurance policy according to your needs and budget.
The process usually involves informing the insurance company, submitting the required documents, and getting the claim approved and settled.