Car Insurance

A car is often seen as an object of pride and thereby car owners feel the need to protect it. Protecting your on-road companion is super easy and convenient! This brings car insurance into play. Car insurance is a policy offered by a company to safeguard you against losses to your vehicle.

Among losses covered are thefts, natural calamities, accidents, etc. However, the insurance company's coverage is dependent on the policy and premium. It's crucial to have car insurance since it helps you recover losses you hadn't anticipated. Most people regret not getting a car insurance policy when the car is stolen, involved in an accident, or when they have to pay hefty fines to cops in case they are caught without a valid license.

Benefits

Reduces liability for unforeseen expenses

Your car insurance acts as a safeguard against events like theft, accidents, natural disasters and calamities that you might not have anticipated. It is therefore essential to have a car insurance policy that covers all such losses.

Protects yourself and others

In addition to protecting you, a car insurance policy also covers any third-party liability losses. Third-party car insurance is mandated by law in India. Thus, if your car is involved in an accident, any damages suffered by any third party and your car will be compensated by your insurance company.

Other benefits

In addition to these benefits, you can obtain add-on benefits such as zero depreciation cover, consumables cover, roadside assistance, transport benefits, and more with four-wheeler insurance

​​What can you claim on Car Insurance?

Typically, a comprehensive car insurance plan covers:

Third-party legal liability

A third-party car insurance policy has been mandated by law in India. Therefore, a car insurance policy includes a cover against any third-party losses incurred due to accidents. This includes the legal liability for accidental damages that result in the injury or death of a third party. It also covers damage caused to nearby property.

Damage or loss as a result of human activity

A car insurance policy also covers losses resulting from human activity. You incur damages due to accidents, theft, riot, strike, terrorist activity or transit losses. It protects your car against any damage that occurs as a result of such activities.

Damage or loss caused by natural disasters

A car insurance policy covers events that are an act of god, such as calamities and disasters. They are tropical storms, wildfires, tsunamis, storms, lightning, earthquakes, landslides, etc.

Third-party legal liability

A third-party car insurance policy has been mandated by law in India. Therefore, a car insurance policy includes a cover against any third-party losses incurred due to accidents. This includes the legal liability for accidental damages that result in the injury or death of a third party. It also covers damage caused to nearby property.

Damage or loss as a result of human activity

A car insurance policy also covers losses resulting from human activity. You incur damages due to accidents, theft, riot, strike, terrorist activity or transit losses. It protects your car against any damage that occurs as a result of such activities.

Damage or loss caused by natural disasters

A car insurance policy covers events that are an act of god, such as calamities and disasters. They are tropical storms, wildfires, tsunamis, storms, lightning, earthquakes, landslides, etc.

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​​What can’t you claim on Car Insurance?*

A car insurance policy does not include the following losses:

Losses incurred by an uninsured person driving your car

A car insurance policy does not cover damages caused by a non-insured person. For instance, if you are driving someone else's car and an accident occurs or when you incur a loss with somebody else driving your car.

Using personal car for commercial activities

There are separate policies for private and commercial vehicles. If your vehicle is registered for your personal use, the cover won't be valid if it is used for commercial activities.

Damage caused by the driver under the influence of any form of intoxication

If the driver is under the influence of intoxication due to alcohol or drugs, any losses incurred would not be compensated by the car insurance company.

Damage caused by a person having no valid driving license

Similarly, damage caused by a person who does not have a valid driving license will not give rise to a valid claim against the car insurance company.

Intentional damage or loss to the car

Any act intentionally done with the motive of damaging the car will be null and void. Such damages would not be covered by car insurance.

Routine wear and tear due to ageing

As time passes by, a car goes through routine wear and tear, which depreciates its value. This depreciation would not be considered a loss. Thus, no liability on part of the insurance company to compensate for such wear and tear.

Damage to internal car assets

A car insurance policy does not include internal car assets such as a touchscreen pad, car seats, handles and drawers, etc. Therefore, any damage to them would not give rise to a claim.

*Coverage, terms and exclusions may differ from insurer to insurer. Please read respective product’s terms and conditions carefully before concluding a sale.

Losses incurred by an uninsured person driving your car

A car insurance policy does not cover damages caused by a non-insured person. For instance, if you are driving someone else's car and an accident occurs or when you incur a loss with somebody else driving your car.

Using personal car for commercial activities

There are separate policies for private and commercial vehicles. If your vehicle is registered for your personal use, the cover won't be valid if it is used for commercial activities.

Damage caused by the driver under the influence of any form of intoxication

If the driver is under the influence of intoxication due to alcohol or drugs, any losses incurred would not be compensated by the car insurance company.

Damage caused by a person having no valid driving license

Similarly, damage caused by a person who does not have a valid driving license will not give rise to a valid claim against the car insurance company.

Intentional damage or loss to the car

Any act intentionally done with the motive of damaging the car will be null and void. Such damages would not be covered by car insurance.

Routine wear and tear due to ageing

As time passes by, a car goes through routine wear and tear, which depreciates its value. This depreciation would not be considered a loss. Thus, no liability on part of the insurance company to compensate for such wear and tear.

Damage to internal car assets

A car insurance policy does not include internal car assets such as a touchscreen pad, car seats, handles and drawers, etc. Therefore, any damage to them would not give rise to a claim.

*Coverage, terms and exclusions may differ from insurer to insurer. Please read respective product’s terms and conditions carefully before concluding a sale.

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Why get Car Insurance from PhonePe Insurance Broking Services?

Range of add-ons like zero depreciation

Affordable plans with significant savings on premiums

Variety of insurance plans

Quick and easy claim settlement

Cashless claim process and an extensive garage network

How safe is it to get Car Insurance online?

Speaking of buying car insurance online, often the question over its safety looms. The good news is that it is absolutely safe to buy car insurance online. When you think of buying insurance from the best car insurance companies online, you can be rest assured that the motor insurance company will offer you the coverage that you were promised at the time of policy purchase.

Comprehensive or Third Party insurance purchased online is considered legally valid and authentic by the IRDAI (Insurance Regulatory & Development Authority of India) as long as it is purchased from an IRDAI approved insurance company or insurance broker. Moreover, you must also go through the policy coverage to understand the benefits and exclusions. Insurance companies follow the same process for settling claims whether the policy is bought online or offline. You will receive adequate support for getting claims even when you buy the policy online. Purchasing car insurance online is super easy & convenient!

Got questions?
Read on to find out more!

How many times a year can I claim insurance for my car in India?
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Does your third-party car insurance cover you if you damage your car?
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Is Car Insurance mandatory in India?
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Where do I find my policy document?
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What is the meaning of Policy Period?
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What are the documents required to register a claim?
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PhonePe Insurance Broking Services Private Limited. IRDAI Direct Broker (Life & General)
Reg. 766 and Broker Registration Code IRDA/DB 822/20 Valid till 10/08/2024.

Regd. office - Office-2, Floor 4,5,6,7, Wing A, Block A,Salarpuria Softzone, Service Road,
Green Glen Layout, Bellandur, Bengaluru, Karnataka-KA, Pin- 560103

CIN: U66000KA2020FTC132814

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