Car Insurance

Owning a car is a significant investment, and protecting it against unforeseen risks is crucial. Car Insurance provides financial coverage against accidents, theft, natural calamities, and third-party liabilities, ensuring peace of mind for vehicle owners.

What is Car Insurance?

Car insurance is a contract between the vehicle owner and the insurance company, where the insurer provides financial protection against damages or losses incurred due to accidents, theft, fire, natural calamities, or third-party liabilities.
As per the Motor Vehicles Act, 1988, it is mandatory to have at least a Third-Party Liability Insurance policy to drive legally in India. However, a Comprehensive Car Insurance Policy provides broader coverage, protecting your vehicle from various risks.

Who Should Buy Car Insurance?

A well-chosen car insurance policy not only protects your car but also safeguards your finances. Whether you drive a hatchback, sedan, SUV, or a luxury vehicle, selecting the right coverage and add-ons ensures you stay worry-free on the road. Compare different plans. Choose add-ons as per your needs. Drive stress-free with complete protection.

Types of Car Insurance Policies

Third-Party Car Insurance (Mandatory)

Covers damages and injuries caused to third parties. Legal requirement as per Indian law. No coverage for damages to your own vehicle.

Comprehensive Car Insurance (Recommended)

Covers third-party liabilities and own vehicle damages. Includes protection against accidents, theft, fire, and natural disasters. Offers additional coverage through optional add-ons.

Standalone Own Damage Cover

Covers damages to your own car.
Must be purchased with an existing third-party insurance policy.

What Does a Car Insurance Policy cover?

Own Damage (OD) Cover (Covers damages to your own car)

Accidental Damage: Covers repair costs for damages due to road accidents. Fire & Explosion: Compensation for vehicle damage caused by fire, explosions, or lightning.

Comprehensive Car Insurance (Recommended)

Covers third-party liabilities and own vehicle damages. Includes protection against accidents, theft, fire, and natural disasters. Offers additional coverage through optional add-ons.

Personal Accident Cover for the Owner-Driver (Mandatory as per IRDAI guidelines)

Accidental Death Coverage: Nominee receives a lump sum payout in case of the owner’s demise.

Permanent Disability Cover: Compensation for partial or total disability due to an accident.

Cashless Repairs at Network Garages

Get your car repaired at authorized partner garages without paying upfront.
The insurer directly settles the bill with the garage.
Available across thousands of locations in India.

Add-On Covers for Enhanced Protection

Zero Depreciation Cover (Bumper-to-Bumper Insurance)

Return to Invoice Cover

Provides compensation equal to the on-road price of the car in case of total loss or theft. Covers the car’s invoice price, including road tax and registration fees.

Engine & Gearbox Protection Cover

Covers engine and gearbox repairs due to water damage, oil leakage, or hydrostatic lock. Essential for cars used in flood-prone regions.

Roadside Assistance (RSA) Cover

Provides 24/7 emergency help for car breakdowns. Includes towing, battery jump-start, minor repairs, and fuel delivery.

Key Replacement Cover

Covers the cost of lost or stolen car keys. Includes key fob reprogramming and lock replacement.

Tyre Protection Cover

Covers expenses for tire damage due to accidents, potholes, or road debris. Includes wheel rim repairs and replacement.

Daily Allowance Benefit

Reimburses cab fare or transport costs if your car is under repair.

No-Claim Bonus (NCB) Protection

Protects your NCB discount even if you make a claim. Helps you save on renewal premiums. Exclusions: What is NOT Covered in Car Insurance?

How to File a Car Insurance Claim?

1. For Accidental Damages:

1.Inform your insurer immediately.

2.File an FIR if third-party involvement exists.

3.Take photos of the accident site for proof.

4.Submit the claim form and required documents.

5.Get the car repaired at a network garage.

6.The insurer verifies and settles the claim.

For Theft Claims:

1.File an FIR at the nearest police station.

2.Inform the insurance company and submit the FIR copy.

3.Provide car registration and policy details.

4.If the car is not recovered, the insurer pays the Insured Declared Value (IDV).

Here’s how you can secure a New Vehicle Insurance Policy from Insurya Consulting General Insurance Company in easy steps:

- Visit the Website or Mobile App

- Enter Vehicle Details

- Choose Coverage and Add-ons

- Complete Payment and Receive Documents

Protect your new car with Insurya Consulting General Insurance Company today!

Documents Required to Buy Car Insurance Online

When you buy car insurance online, ensure you have the soft copies of the following documents in hand to seamlessly complete the car insurance application or process in minutes -

- Details about your vehicle including registration number

- A valid driver’s licence

- Bank details

- Tax receipts

- Filled insurance forms

We are one step ahead when it comes to providing you with hassle-free and straightforward motor insurance. Give us one minute to show you how by watching this video

Car Insurance Add-On Covers

Add-ons are additional features or benefits you add to your car insurance to make it more extensive. The add-on covers you add only decrease any financial burden you are likely to incur at the event of an accident or a calamity. At the same time, the more the add-ons you include in your policy, the higher the premium you have to pay. For the most ideal four wheeler insurance, we recommend you adding features that are value additions to your policy. Let’s look at some of the add-ons we offer.

Depreciation shield

This is an add-on you could add to your comprehensive car insurance policy. To understand what zero depreciation is, let’s first look at depreciation.

Zero Depreciation

This is an add-on you could add to your comprehensive car insurance policy. To understand what zero depreciation is, let’s first look at depreciation.

Cars are highly valuable until you purchase them. From the time you purchase, your car is subjected to depreciation, which means that it is losing its value in the market as it gets older. Not just the car but the spare parts powering your car as well. That is why older cars have a lower pricing in the market than their recently-purchased counterparts.

With the zero depreciation cover add-on, what you are basically doing is nullifying the depreciation associated with your car. This means that your car, technically, does not lose value in the market as the depreciation of your car is not considered by your insurer.

So, when you claim your insurance, you receive full value for your car and all of its spare parts. Bumper to bumper cover incurs the most expensive premium and is worth every penny shelled. We highly recommend this add-on especially if your car is less than 5 years old.

Features:

- Depreciation shield for the car

- Depreciation shield for the spare parts

Engine Protector

The engine is one of the most crucial parts of a car. Unfortunately, however, the expenses you incur on the damages to your car’s engine are not covered under standard car insurance. Being one of the most expensive parts for servicing, you end up spending more to recover your car’s engine from an accident.

That’s why the engine protector add-on is the most ideal solution to feature in your insurance policy. It covers expenses arising due to water ingression, oil leakage, hydrostatic lock and more. This helps you save up to 40% of the amount you would spend on getting your car’s engine fixed.

Features

- Protection against damages to engine and engine parts

- Protection against damages to differential parts

- Protection against damages to gear box and gear box parts

24/7 Spot Assistance

One of the most helpful add-ons for your car insurance, this ensures you are never stranded on the road due to any concern associated with your car. Our team is just a call or a click away to assist you or get to you to help you deal with a car situation regardless of where you are stuck in India.

So, no matter if you have to get a tire changed, or have an expert look into your car’s engine or need assistance in settling an accident, you can reach out to us at any time and we will be there by your side in a very short duration.

Features

- Pan India Coverage

- Spot Assistance for diverse car situations

Key And Lock Replacement

Car keys are some of the most misplaced items in the world. From forgetting them at a restaurant to losing them at your own home, car keys are easily overlooked. Sadly, there are expenses involved in getting new keys for your cars as it’s not just the key that has to be replaced but the entire locking system as well.

That’s why this add-on is here to reduce the expenses you are likely to incur because of misplaced or lost keys. We take care of the entire purchasing and replacing of your car’s lock and keys.

Features

- Expense coverage on key replacement

- Expense coverage on lock replacement

Consumable Expenses

Like we said, buying a car and maintaining a car are two different things. There are frequent expenses involved when it comes to the maintenance of your car. From servicing spare parts to replacing them, there are expenses surrounding your car all the time. And we are not even talking about the different types of car oils that need to be changed every now and then and during an accident.

With the consumable expenses coverage, you can let us take care of the expenses involved in the use of consumables for your car at the time of claim or post-accident.

Features

Consumables expenses involving

- Engine oil

- Brake oil

- Coolant

- Gear box oil and more

Personal Baggage

A car is your personal and private safe where you leave your belongings inside until your work outside is done. From laptops and expensive gadgets to money or money’s worth of valuables, you keep materials inside your car very frequently.

But this is not without its threat, where it is subjected to instances like thefts and burglaries especially when you leave your car in less populated avenues or remote places. That’s why the personal baggage add-on protects your personal belongings and covers the loss you incur because of damage or their theft from the car.

Features

- Indemnification for damage to personal baggage

- Indemnification for loss of personal baggage

Conveyance Benefit

Another highly convenient add-on, where we take care of the little yet significant concerns you are likely to face in your everyday life post an accident.

When your car is getting repaired in a garage and after your claim is accepted by us, this add-on ensures you get paid from us for your everyday commute. With this, you don’t have to worry about burning a hole in your wallet for the daily cab or transportation charges you are likely to pay during your car’s servicing.

Features

- Conveyance for your everyday commute

VPAY

Industry’s first game changing add-on cover that can simplify motor insurance related worries like never before. This new age cover offers 360° coverage and umbrella protection for all motor own damage needs of Insured vehicles. It will liberate you from not only answering numerous questions asked at the time of claim but will also free from the hassles of choosing an array of add-ons to protect your private car. An add-on cover that provides a balanced solution for the vehicle insured catering to both conventional risks, addresses emerging risks and increasing cost of ownership. Under the Own Damage section of V-PAY, we are offering two plans to customers: Elite and Classic cover. VPAY plans offer below unique benefits such as:

Features

- A one-time smart repair option enables car owners to address minor damages in one visit.

- Protection for the vehicle's digital sense devices, especially with the rise of connected cars and advanced driver assistance systems (ADAS).

- Waiver of compulsory deductible.

- Cyber Risk Protection for software issues, cyber extortion, and theft of funds resulting from cyber-attack.

- Safeguard of electric and hybrid vehicles from damages caused by power surge, explosion, water ingress, and short circuit.

- Coverage of mechanical and electrical breakdowns that are not a result of accidents, which are typically excluded from standard motor insurance policies.

- Repair cost in case of vehicle towing and retrieval.

- Covering damages if the vehicle is left unattended on the accident spot.

- Covering accessories and CNG fitment if customers forgot to declare during the policy.

*T&C apply