Gurugram Car Insurance

Car Insurance in Gurugram

Gurugram is one of the fastest-growing cities in the country. A prime location for some of the top MNCs in the world, Gururgram receives significant footfall. Thus, the young working class finds themselves commuting to and from here regularly. Consequently, the city also experiences high traffic and a large influx of vehicles daily. Such cities are more prone to accidents and car damage.

Owning a car in Gurugram comes with its challenges. By getting car insurance, you can address most of these problems. Getting your car insured allows you to be stress-free. It safeguards your vehicle against theft, riots, natural disasters, etc. It also helps you with the losses if you damage the car yourself. In case of accidents, car insurance can also cover your family and provides coverage for expensive third-party claims in case of an accident. These benefits give you more confidence and protect you on the road.

Best Car Insurance Rates in Gurugram

When choosing the ideal car insurance, make sure to check the premium rates available in the market. Given below are some best-performing car insurance companies in Gurugram that offer impressive rates and inclusions. Let us briefly discuss the inclusions offered by each of these car insurance companies.

IFFCO TOKIO

Damage to the vehicle due to the following reasons is covered:

1. Natural calamities such as earthquakes, floods, landslides, etc.

2. Riots, malicious acts, strikes, etc.

3. Theft-related damages.

4. Fire, self-ignition, lightning or explosion to the car.

5. External accidents

6. Damage during transit by road, rail, lift, elevator, inland waterway or air.

7. Third-party property damage, third-party injury or death.

Bharti AXA

Damage to the vehicle due to the following reasons is covered:

1. Natural calamities such as earthquakes, floods, cyclones, etc.

2. Riots, strikes, theft, terrorism, etc.

3. Fire, lightning, or explosion to the car.

4. Man-made disasters.

5. Loss of limbs, eyesight, etc., following an accident.

6. Third-party coverage, such as injury, death and coverage for the property of the third party.

7. After an accident, the vehicle will receive reimbursements for damage.

8. The Bharti Axa Four-wheeler Comprehensive Insurance also covers damage to electrical and non-electrical parts and personal accident cover to a passenger other than the driver.

TATA AIG

Damage to the vehicle due to the following reasons is covered:

1. Minor and major accidental damage.

2. Natural disasters such as earthquakes, floods, cyclones, etc.

3. Fires that are a result of explosions, self-ignition, etc.

4. Human causes such as terrorism, vandalism, strikes, etc.

5. Third-party damages, including damage to third-party property, injuries to or even the death of a third-party person.

6. The comprehensive car insurance policies include a personal accident cover of ₹15 lakhs to protect the owner and the driver.

Car insurance companies offer various add-on coverages for additional damages. Make sure to check them out for more comprehensive coverage for your car.

Tips to Get Car Insurance in Gurugram with a Low Rate

By carefully considering different aspects of your car insurance, you can easily save tons of money on your premium. Following are some of the aspects you must keep in mind if you want to reduce the premium on your car insurance:

IDV

IDV stands for Insured Declared Value. In the case of an all-out loss, this is the maximum sum of money you can receive. Your agent may reduce this amount to lower your premium. Generally, the IDV decreases every year naturally.

Voluntary Excess

In the event of an accident, suppose you voluntarily agree to pay the first ₹3,000. This amount will be reduced from the premium. If such a situation arises, make sure to communicate with your agent regarding the same.

Raising The Deductible Amount

The deductible amount is the total amount that the policyholder has to pay while making a claim. The policy owner can reduce the auto insurance premium by increasing the deductible amount.

No Claims Bonus (NCM)

Make sure that you receive the correct No Claims Bonus discount. Any claim you make will not be processed if you ask for more than what is allowed.

Transfer NCB To New Car

Even after you sell your vehicle and buy a new one, you can transfer the accumulated NCB to your new car. This is because auto insurance is linked with the policyholder and not the vehicle.

Install Anti-Theft Devices

The number of car theft cases is on the rise, be it in Gurugram or any other city. It is always recommended to safeguard your vehicle against theft or burglary. You can do so by installing anti-theft devices, such as gear locks, steering locks, or anti-theft alarms, on or in your car. Such measures will help you decrease the annual insurance premium by up to 5 per cent.

How to File a Car Insurance Claim

It is advised to be informed about the procedure for filing a car insurance claim. If you are involved in a vehicular accident, follow these steps to make a claim:

1. Inform your Insurance Agent: Begin the claiming process by informing the car insurance company of the accident. Report the accident within the time limit set by the company to be eligible for the claim.

2. File an FIR: Visit the nearest police station and file an FIR. An FIR is necessary to settle claims related to property and physical injuries.

3. Collect evidence: Take photos or videos of the accident. These will serve as evidence and support your case during the claim procedure.

4. Submit documents to the Insurance Company: After filing the FIR, you can start the settlement process by submitting the necessary documents to your insurance company.

5. Assigning a surveyor: The insurance company will assign a surveyor to begin the inspection process. The surveyor will examine the damages to your car and help you in choosing the right garage to fix the damages.

6. Repairing of car: After the assessment, you can initiate the car insurance claim process and get your car repaired. You can opt for either cashless settlement or reimbursement.

What You Need to Apply for Car Insurance in Gurugram

If you are looking to apply for car insurance in Gurugram, you have to present the necessary documents to the insurance company.

Documents Required

1. Proposal form: This is a legal document which demands the relevant information from the customer. It contains all important information related to the vehicle, such as make, model, age, IDV value, contact and address details etc.

2. Registration Certificate (RC): The registration certificate, or RC copy of your car, is a legal document issued by the government. Its purpose is to verify that the vehicle belongs to you. It contains your car's details, such as make, model, engine number, registration date, and manufacturing date. These details are matched with the data filled in the proposal form.

3. Last year's copy of policy: If the car insurance needs to be renewed, you must submit the previous year's insurance policy copy to the company before issuing a new one.

4. Pollution certificate: Every car aged above 6 months is mandated to have a pollution certificate. When you apply for car insurance, you must declare that you have updated the pollution certificate.

5. Premium Payment Receipt: This is the most essential document to be submitted for policy issuance. According to Section 64VB of the Insurance Act, insurance coverage can take effect only after the consumer has paid the premium. In other words, the policy begins only after the payment of the premium by the customer to the insurance company. The insurance company should acknowledge the payment, after which the policy is finally issued.