Moradabad is a city located in the state of Uttar Pradesh, India. It is called the "Brass City" of India, due to its Brass Industries. The city has a rich cultural heritage and is home to many historical monuments and religious places.
Owning a car in Moradabad can be a convenient mode of transportation for daily commutes and weekend getaways. However, it is important to have car insurance as it provides financial protection in case of accidents, theft, or any other unforeseen event. It also ensures that you comply with the legal requirements of the Motor Vehicles Act, of 1988.
Having car insurance can give you peace of mind and protect you from unexpected expenses that may arise due to damage or loss of your car.
Here are the top insurance providers offering affordable car insurance rates in Moradabad.
HDFC ERGO Car Insurance - HDFC ERGO offers comprehensive car insurance policies that provide coverage for third-party liability, own damage, and personal accident. The policies are affordable and offer a range of add-on covers such as zero depreciation, engine protection, and roadside assistance.
ICICI Lombard Car Insurance - ICICI Lombard is a leading provider of car insurance in India. Their policies provide comprehensive coverage and come with a range of add-on covers such as zero depreciation and engine protection. The company has a high claim settlement ratio and offers a hassle-free claim settlement process.
Bajaj Allianz Car Insurance - Bajaj Allianz offers comprehensive car insurance policies that provide coverage for third-party liability, own damage, and personal accident. Their policies are affordable and come with a range of add-on covers such as zero depreciation and roadside assistance. The company has a high claim settlement ratio and offers a hassle-free claims process.
New India Assurance Car Insurance - New India Assurance is a government-owned insurance company that offers comprehensive car insurance policies at affordable prices. Their policies provide coverage for third-party liability, own damage, and personal accident. The company has a high claim settlement ratio and offers a hassle-free claims process.
United India Car Insurance - United India is also a government-owned insurance company that offers comprehensive car insurance policies at affordable prices. Their policies provide coverage for third-party liability, own damage, and personal accident. The company has a high claim settlement ratio and offers a hassle-free claims process.
Here are some tips to help you get a car insurance policy in Moradabad at a low rate.
Choose a higher voluntary deductible: A Deductible is an amount that you need to pay before the insurance company starts covering the damages. Choosing a higher voluntary deductible can lower your premium, but it also means that you will have to pay more out of your pocket in case of an accident.
Install safety devices: Installing safety devices such as anti-theft devices, immobilizers, and airbags can lower your insurance premium as it reduces the risk of theft or damage.
Compare insurance policies: It is important to compare car insurance policies offered by different insurance companies to get the best deal. Look for policies that offer the coverage you need at an affordable premium.
Avoid making small claims: Making small claims can lead to a hike in your insurance premium in the future. It is better to pay for small damages out of your pocket rather than claim them from the insurance company.
Avoid traffic violations: Traffic violations such as over-speeding and jumping signals can lead to a hike in your insurance premium. It is important to follow traffic rules to maintain a good driving record.
Opt for long-term policies: Opting for long-term policies such as 2 or 3-year policies can lower your insurance premium as compared to annual policies.
Avail of No-Claim Bonus (NCB): No-Claim Bonus is a discount that is given by the insurance company if you do not make any claims during the policy period. Availing of this bonus can significantly lower your insurance premium.
Here are the general steps to follow to file a car insurance claim:
Contact the insurance company: As soon as the damage occurs, contact your insurance company through their customer care number, website, or mobile app. Provide all the necessary details such as the location of the incident, the extent of damage, and your policy number (if possible).
Register the claim: Once you provide the necessary information, the insurance company will register your claim and provide you with a claim reference number.
Documentation: The next step is to submit the required documents such as the claim form, a copy of the policy, a copy of the registration certificate, and a copy of your driving license.
Survey and assessment: The insurance company will then appoint a surveyor to assess the damage to your car and provide a report.
Approval and reimbursement: Once the surveyor submits the report, the insurance company will approve the claim and reimburse the expenses incurred, subject to the terms and conditions of your policy.
When applying for a car insurance policy in Moradabad, there are certain requirements that you need to meet. Here's what you need to apply for car insurance in Moradabad.
Vehicle Registration Certificate (RC): The RC of the car is the most crucial document required to apply for car insurance. It contains details such as the car's make and model, engine number, chassis number, and registration number.
Personal Details: You need to provide your details, such as name, address, contact number, and email ID, to the insurance company.
Driving License: You need to provide a copy of your driving license to the insurance company. The license should be valid and up-to-date.
Previous Insurance Details: If you have had car insurance before, you need to provide details of your previous policy, such as the policy number and expiry date.
Vehicle Details: Along with the RC, you need to provide details such as the car's make, model, variant, and fuel type. You also need to provide the date of purchase and the current value of the car.
No-Claim Bonus (NCB) Certificate: If you have not made any claims in the previous policy year, you can get an NCB discount on the premium. You need to provide an NCB certificate to the insurance company to avail of the discount.
Optional add-ons: If you want to opt for additional coverage such as zero depreciation cover, engine protection cover, or roadside assistance, you need to inform the insurance company and pay the additional premium.
These are the standard documents required for applying for car insurance:
Vehicle Registration Certificate (RC).
Personal details, including name, address, contact number, and email ID.
Details of previous Insurance Policy, if any.
Vehicle details such as its make, model, variant, and fuel type.
Date of purchase and the current value of the car.
No-Claim Bonus (NCB) Certificate, if applicable.
Optional add-on details, if any.
Car insurance is a policy that protects you financially in case of damage, theft or injury caused by or to your car.
Yes, it is mandatory to have at least a third-party car insurance policy as per the Indian Motor Vehicles Act, of 1988.
A comprehensive car insurance policy covers damage caused by natural calamities, man-made disasters, theft, fire, and third-party liability.
The car insurance premium is calculated based on factors like its make and model, age, fuel type, place of registration, and previous claim history.
Yes, you can transfer the car insurance policy to the new owner by submitting the required documents and paying a nominal transfer fee.
Car insurance policy can be renewed online through the insurer?s website or a mobile app. Alternatively, you can also renew it offline by visiting the insurer?s branch office.
Yes, you can make changes to your car insurance policy during the policy term by contacting your insurance company.
No-Claim Bonus (NCB) is a discount given to policyholders who have not made any claims during the policy term. The discount can be availed at the time of policy renewal.