HDFC ERGO Car Insurance

Car insurance is an insurance policy to protect the vehicle from the financial damage caused to third parties (person or property) and to one's own car, depending on the car insurance policy opted for by the policyholder.

Car insurance is a safety net that helps the insured (policyholder) cope with financial losses arising from vehicle damage. It prevents the insured from the monetary losses occurring out of accidents, theft, fire, or other possible risks to the vehicle and to themselves. As per the Motor Vehicles Act, 1988, every vehicle is mandated by law to have at least third-party car insurance. There are 20+ car insurance providers in the country, helping people cover third-party liabilities, own damage or both, depending on the individual choices.

Park+ helps car owners get the best car insurance policy from the leading providers at affordable prices to cover financial damages, depending on their preferences. Check out the best car insurance companies in India, including HDFC ERGO, ICICI Lombard, Go Digit, Tata AIG, Bajaj General, National Insurance Company and United India.

HDFC ERGO General Insurance Company

HDFC ERGO General Insurance Co. Ltd. is one of the leading car insurance providers in the country. With a claim settlement ratio of 99%, HDFC ERGO commenced its operations in 2002. With a bunch of car insurance plans, it aims to meet the financial coverage expectations of different vehicle owners.

Having over 8000 network garages across the country, HDFC ERGO car insurance plans are pocket-friendly, easy to buy, and are trusted by millions.

Moreover, to provide extra financial protection, it also offers several add-ons (optional), which car owners can opt for based on their driving needs. Another appealing feature is that it provides a maximum of 50% ‘No Claim Bonus’ (NCB).

What are the key features of HDFC ERGO car insurance?

The prime highlights of HDFC ERGO car insurance are:

• Online process: The complete process from buying a car insurance to renewal can be done easily online from anywhere and at anytime, enhancing transparency and convenience.
• Car insurance options: To meet the diverse needs of drivers across the country, HDFC ERGO offers a few types of car insurance policies. Car owners can choose from either of the offered policies that best suit their preferences.
• Financial coverage: All HDFC ERGO car insurance offers a financial cover to the loss or damage caused to the third-party liability or one’s own vehicle or both, depending on the type of policy.
• Overnight repairs: HDFC ERGO claims overnight repairs aiding the policyholders with quick service for minor repairs.
• No Claim Bonus: The insurer offers No Claim Bonus (NCB) for the claim-free years. This lets policyholders enjoy a certain percentage of discount on the premium, depending on the claim-free years.
• Affordable: The premiums offered by the HDFC ERGO are affordable even for comprehensive car insurance, making it easily accessible for all car owners to secure their car and cover the third-party liabilities.
• Quick claims: The insurer offers a smooth claim process, making it easier for the car owner to get the claim.
• Add-on cover: To enhance the protection while matching the driving dynamics, the insurer offers 8+ add-ons. Drivers can include the rider they find relevant, depending on their preference and necessity.
• Cashless garages: To ensure smooth repair of the damaged car, the insurer has over 12,200 cashless garages across India.
• Car value customisation: The comprehensive policy offered by HDFC ERGO allows policyholders to customise the IDV of their car.

What are the different types of HDFC ERGO car insurance policies?

HDFC ERGO car insurance offers different types of car insurance policies, giving options to the policyholders to choose a policy that best matches their coverage expectations.

The basic car insurance policies offered by HDFC ERGO are:

• Third-party car insurance: Third-party car insurance is mandatory under the Motor Vehicles Act, 1988, a third-party car insurance policy covers the financial and legal liabilities against the third party (person/property) caused by your vehicle.
• Standalone own-damage car insurance: Unlike third-party car insurance, this type of car insurance policy covers the repair and replacement cost of one’s own vehicle under the events specified in the policy. This policy is beneficial if one already has a third-party car insurance.
• Comprehensive car insurance: Comprehensive car insurance policy offers a wider coverage by covering the loss/damage of both third-party and one’s own car in the events mentioned under the policy at the time of purchase.
• Cover for brand new car: As per the Supreme Court directive, all the new cars sold after September 01, 2018, are required to have at least a 3-year third-party insurance. In addition to a third-party car insurance policy, to get a new car insurance policy, one should have an own-damage policy with a validity of 1-year.

HDFC ERGO car insurance premium calculator - what is it?

The HDFC ERGO car insurance premium calculator is a free, online tool used to calculate the premium for a particular policy. The calculator helps individuals to plan their finances properly and understand the EMIs.

The basic highlights of the car insurance premium calculator are:

• It is free to use and requires internet connectivity.
• Easy to use, this tool can be used as many times as you want.
• Minimal information is required to calculate EMI.
• Helps individuals check different plans.
• Give an estimate of the EMIs.

Explore add-ons for your HDFC ERGO car insurance

Add-ons or covers provide additional safety to the vehicle owners by allowing them to choose a rider that suits their driving habits.

A few of the popular and useful add-on covers that HDFC ERGO offers are:

• Zero Depreciation cover: This cover fills the depreciation loss, allowing policyholders to get the complete claim without depreciation deduction.
• Return to Invoice: In case of a total loss or theft, the cover lets policyholders get the invoice price (purchase price) of the car without any loss.
• No Claim Bonus protection: This add-on keeps the NCB unaffected even if the claim is made by the vehicle owner.
• Engine protection cover: This add-on covers the repair cost arising from water ingress or events as mentioned under it.
• Roadside Assistance: This coverage benefits the policyholder during a car breakdown, flat tyres, etc., by providing 24/7 roadside assistance.
• Downtime protection: If the car is under repair, this cover pays for the travelling expenses.
• Cost of consumables cover: This rider covers the cost of the consumables used during the repairs. Usually, these costs are not covered in the standard claims.
• Loss of personal belongings cover: It covers the cost of the personal belongings kept inside the insured vehicle that are lost or damaged.
• Tyre secure cover: This cover compensates for the tyre and tube replacement cost of the insured.
• PAYD cover: Pay As You Drive (PAYD) rider lets the insurer pay for the distance travelled by the insured vehicle. It cut down unnecessary costs.
• EMI Protector: With this rider, the insurer company pays the EMI to the policyholder.
• EMI Protector Plus: This rider offers extended EMI support based on the duration the car is under repair.

NOTE: There are some terms and conditions relating to each rider. Go through the complete details, inclusions/exclusions, before making a choice.

Why choose Park+ to buy or renew a car insurance online?

Park+ offers a simple-to-use online platform to check, compare, buy, renew and claim a car insurance policy. For car insurance, Park+ brings together the leading providers - HDFC ERGO, ICICI Lombard, Tata AIG, Bajaj General, Go Digit, United India, and National Insurance.

• Comparative analysis: Park+ currently offers 7 leading car insurance providers. Car owners can easily compare the policies offered by different providers in a single place with zero hassle.
• Best quotes: Interested car owners looking for a car insurance policy can get the best quotes and choose a policy that best suits their budget and preferences.
• Unbiased: We aim at offering unbiased car insurance policies to car owners, aiding them in making an informed decision.
• Car insurance calculator: Park+ lets individuals make an informed decision by calculating the premium online for different policies for free. The car insurance premium calculator can be used multiple times for free.
• Transparency: Park+ provides accurate information and helps the individual in decision-making, along with providing them with the important details to provide clarity.

HDFC ERGO car insurance is one of the top car insurance providers with a remarkable Claim Settlement Ratio (CSR) of 99%. The insurer offers different car insurance policies to meet the different needs of the policyholder. Park+ eases the journey of getting a suitable car insurance plan after performing an analysis and checking the quotes.