Aurangabad is a bustling city in the state of Maharashtra, India. The city is popular among tourists for rich its and lucrative opportunities for business. Owning a car in Aurangabad can be a great experience as it allows you to explore the city at your own pace and convenience.
However, with the increasing number of cars on the road, accidents, and mishaps are becoming more common. This is where car insurance comes in. Car insurance in Aurangabad is important to protect yourself and your vehicle from unexpected financial expenses in case of accidents or theft.
When it comes to finding the best car insurance rates in Aurangabad, it's important to compare different companies and their offerings. Here are three top companies in Aurangabad that provide competitive car insurance rates.
Price: HDFC Ergo offers affordable car insurance rates that are customized based on the vehicle's make, model, and age. The rates start from as low as Rs. 2,072 per year.
Illusions: One common misconception among policyholders is that their insurance policy covers everything. However, HDFC Ergo clearly states the inclusions and exclusions of the policy to avoid any confusion.
Claim Process: HDFC Ergo's claim process is straightforward and hassle-free. Customers can file a claim online or offline, and the company settles most claims within 7 days.
Price: Bajaj Allianz offers competitive car insurance rates with several discounts, such as a no-claim bonus, anti-theft device installation, and online purchases.
Illusions: Bajaj Allianz's insurance policies come with a few exclusions, such as damage due to wear and tear, mechanical or electrical breakdown, and consequential losses.
Claim Process: Bajaj Allianz's claim process is quick and efficient. The company has tie-ups with several garages and provides cashless claim settlements.
Price: ICICI Lombard offers car insurance rates that are customized based on the vehicle's age, make and model. The rates start from as low as Rs. 2,092 per year.
Illusions: ICICI Lombard's car insurance policy comes with a few exclusions, such as driving under the influence of drugs or alcohol, and using the car for commercial purposes.
Claim Process: ICICI Lombard's claim process is simple and convenient. Customers can file a claim online or offline, and the company provides cashless claim settlement at its network garages.
If you are looking for car insurance in Aurangabad at a low premium, here are some tips to help you find the best options:
One simple way to find cheap insurance is to check the amount different insurance companies charge. Choose the one that costs the least. You can use online insurance comparison portals or contact different insurance agents to get quotes. Compare the features, coverage, and premium of each policy before making a decision.
If you're willing and able to pay more money out of your pocket before your insurance starts, you can choose a higher deductible. This can lower your insurance premium. However, make sure you can afford to pay the deductible if you have to file a claim.
Installing safety features in your car like anti-theft devices, GPS tracking systems, and airbags can make you eligible for discounts on your premium.
Your driving record affects how much you pay for car insurance. If you avoid getting into accidents and breaking traffic laws, you can keep a good driving record and pay less for insurance.
While it's essential to have adequate coverage, opting for a lower coverage limit can help you save on your premium. However, make sure you don't compromise on coverage.
The value of your car is one of the factors that affect your premium. Choosing a low-value car can help you save on your premium.
Many insurance companies offer discounts based on various factors such as your age, profession, and driving history. Check for any available discounts and see if you are eligible for them.
It's essential to understand the ways to file a car insurance claim in case of an unforeseen event like an accident, theft, or damage to your vehicle. Filing a claim can help you receive reimbursement for your losses quickly. Here's a step-by-step guide to filing a car insurance claim.
After an accident, call your insurance company's customer care number or use their website or mobile app to start filing a claim.
You'll need to provide information like the date, time, and location of the incident, the nature of the incident, and contact details of any witnesses.
Submit documents such as the FIR, vehicle registration certificate, driving license, and insurance policy document.
You'll need to get an estimate of repair or replacement costs from an authorized garage or dealer.
The insurance company will process your claim and provide the reimbursement amount per the policy terms and conditions.
You may need to file a vehicle insurance claim after an accident or damage covered by your policy. General steps:
After an accident or event, call your insurance company immediately. Include your policy number, accident date and time, location, and a brief description of the damages.
Support your claim with proof. Witness accounts, police reports, and damage photos may be included. Your insurer may demand a claim form.
Obtain an estimate: Your insurance company may urge you to acquire a repair estimate from an approved garage or workshop. They may also suggest a repair shop.
Await claim processing: Your insurance company will process your claim after receiving the necessary documents. Depending on the allegation's complexity and proof, this may take time.
Have the automobile repaired: If the insurance company approves the repairs, you may take your car to an authorized garage or workshop. Before rehabilitation, you may have to pay the additional cost.
Maintain a record: Record any communications with your insurance company and the garage or workshop that serviced your automobile. This will help you flag a complaint.
While applying for auto insurance, your expected documentation might differ based on the insurance provider and the policy you seek to obtain. Yet, in most cases, you will need to supply the following documents:
● Vehicle registration certificate (RC) or copy of the same
● Driving license of the vehicle owner
● A valid ID proof (such as an Aadhaar card, Voter ID, Passport, etc.)
● Vehicle purchase invoice (for a new car) or sale deed (for a used car)
● Previous insurance policy documents (if applicable)
● Pollution Under Control (PUC) certificate
● Vehicle inspection report (for certain types of policies)
● Additional documents (such as No Claim Bonus (NCB) certificate, if applicable)
Yes, as per the Motor Vehicles Act, it is mandatory to have third-party car insurance in Aurangabad.
There are two types of car insurance policies available in Aurangabad - third-party insurance and comprehensive insurance.
Third-party insurance covers damages caused to third-party vehicles or property, while comprehensive insurance covers damages caused to your car as well as third-party vehicles or property.
The cost of car insurance in Aurangabad is determined by different things like the age of the car, the kind of policy chosen, and the coverage included.
You can renew your car insurance policy in Aurangabad online or offline. Online renewal is convenient and quick.
If you sell your car, you can give the car insurance policy to the person who buys it. The new owner has to ask for the transfer within 14 days of buying the car.
The claim settlement process for car insurance in Aurangabad involves the following:
● Filing a claim.
● Submitting relevant documents.
● Getting the car inspected.
● Receiving the claim amount.
You can cancel your car insurance policy in Aurangabad, but you may have to pay a fee to do so. The amount of money you get back as a refund will depend on the rules of your policy.