The third most populated city of Gujarat, Vadodara, is also its cultural capital. The place has several royal palaces, museums, temples, and ashrams. Being a crowded city, it appears like every second person has a car in Vadodara.
While owning a car can make daily commutes easier, it occasionally becomes problematic as well. As your car is at risk from many things, such as accidents, theft, and natural disasters.
This is why investing in car insurance is crucial. Your car's insurance will cover you for a variety of damages, including the cost of fixing a cracked windscreen to significant mechanical repairs.
It can be complicated to get the best car insurance prices. Selecting an insurance provider that best fits your needs is of utmost significance.
The insurance providers that offer reasonable and reliable insurance policies in terms of cost, coverage, and simplicity of filing claims in Vadodara are briefly outlined below.
IFFCO TOKIO - This reputable company with over 21 years in the market offers both comprehensive and third-party car insurance. The coverage offers protection against robbery, accidents, fires, natural disasters, legal liabilities, etc.
The company also offers self-inspections on a smartphone for quick claim processing by simply clicking the damages on your smartphone. Their quick claim settlement facility allows for the fast handling of claims of up to ?50,000 in a matter of hours. Their crew is also available around-the-clock, including on holidays, for smooth claim submission.
HDFC ERGO - This leading insurance company's plans for car insurance begin at ?2,580 annually. Protection against theft, accidents, natural disasters, and third-party liability are all included in comprehensive coverage. Personal accident coverage up to ?15 lakhs is also included. Cashless claims are also available in network cashless garages, making the claims settlement process simple and quick.
Digit - Digit offers you third-party, comprehensive, and own-damage car insurance. It allows you to check car insurance online, including purchasing or renewing a Digit car insurance policy as well as filing a claim. Digit insurance covers losses and damages to your car resulting from unintentional fires, theft, collisions, accidents, third-party losses, personal accidents, and natural disasters.
They also offer a smartphone-enabled claim process that can be completed online in 7 minutes. Moreover, they offer Cashless Repairs with Doorstep Pickup & Dropoff. Their premium starts from ?2,000 onwards.
When you are applying for a car insurance policy, there are some crucial considerations you must make. Here are a few of the most important pointers for obtaining affordable car insurance prices in Vadodara.
No-Claim Bonus: A no-claim bonus is a reward an insurance company gives to an insured for not filing any claims during a policy year. The NCB, a concession given to the insured when renewing a policy, ranges from 20% to 50%. During renewal, the NCB discount is provided on the premium amount.
Install Safety Devices in Your Car: Putting safety features like airbags, gear locks, anti-theft alarms, and GPS in your car will help you save money on insurance. The likelihood of your car being stolen or getting in an accident is decreased by such safety measures. This also lowers the insurer's liability, which allows them to give you car insurance at a lower rate.
Avoid Making Unnecessary Car Modifications: The worth of the car increases with the addition of features and modifications. This consequently also increases insurance coverage. Hence, refrain from having your car modified to avoid such a rise.
Increase the Voluntary Deductible: The portion of the total that you choose to pay out of pocket before submitting an insurance claim is known as the voluntary deductible. Your ability to afford an amount will determine this voluntary deductible. A higher voluntary deductible can potentially lower your premium. By increasing your deductible, you reduce the risk to the insurer and thus, your premium.
If you are unfortunately involved in a car accident, having car insurance might lessen the financial strain. In such a situation, you need to claim your insurance. To apply for a claim you can either use the insurer's official mobile app or go to their website.
The general steps to apply for an insurance claim are outlined below:
Let your insurer know: Inform the car insurance provider about the accident and its severity as soon as you can to start the car insurance claim process. Most insurers have a timeline by which you must notify them of the accident; if you miss the deadline, your claim may be denied.
For proof, take pictures or a video: Make an effort to photograph the mishap and gather proof. It will serve as evidence when filing a car insurance claim. Pictures of the physical injuries and auto damage that are available can serve as proof.
File an FIR: Registering an FIR at a police station is equally important. The FIR is a crucial document that insurers require. Police officers will go to the scene of the accident to determine if a mechanical failure was the cause or not. The officials will also note the driver's and witnesses' information.
Give the necessary details and documentation: You must provide the required paperwork, including your FIR, vehicle registration paperwork, driver's licence, and insurance policy documentation. You will also need to provide information about the occurrence, including the date and time, the place, the type of incident, and the contact information of any witnesses.
Process of inspection and repair
A car insurance policy is not an option; rather, it is a requirement under Indian law, making it crucial to apply for one. There are primarily two methods for making a car insurance application in Vadodara:
Offline mode: By paying agents a commission, you can directly apply for a new insurance policy or renewal. But, the strategies they will share with you may be more advantageous for them than for you. So, it is recommended to follow the most practical way, which is the online mode.
Online mode: This mode spares you from wasting time in long lines that wind around in circles. Also, because there is no middleman involved, this method is the quickest and most transparent.
Only the most basic information about you and your vehicle must be provided to purchase or renew four-wheeler insurance online. You will be asked to enter information like the brand and type of your car, RTO, chassis number, purchase and manufacturing dates, etc. Personal details like name, residence, phone number, age, and driving history are also required.
These are the general documents required when applying for car insurance:
Copy of RC book
The car's original sales receipt
Your Aadhar card, PAN card, or other forms of identity
Documentation from prior insurance policies (for car insurance renewal online)
Certificate of Pollution Under Control (PUC)
The number of claims you may submit each year under your car insurance policy is unlimited, though the fine print may differ by provider.
As per law, all Indian automobiles must be insured.
Third-party liability and comprehensive coverage are the two main categories of car insurance.
The majority of car insurance providers provide annual plans as well as three- or five-year long-term policies.
Yes, you can file an insurance claim for dents and scrapes on your car in India.
Most insurers won't cover vehicles that are more than 15 years old.
The GST rate for car insurance is 18%.
If an insurance policy is not renewed, any claims submitted between the date of expiration and the date of renewal will be denied.