Car Insurance policy

Get an instant comprehensive car insurance policy by comparing and selecting from the best motor insurance provider. Buy with our Hassle-Free online Process.

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accident cover

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Top Car Insurance Plans

Several good plans are available at a cost that will enhance your day.

Bajaj_Allianz

Bajaj Allianz

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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Digit-Insurance

Go Digit

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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Liberty-Insurance

Liberty

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
Get quotes

Magma-HDI

Magma HDI

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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New_India_Assurance

New India Assurance

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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Oriental-Insurance

Oriental

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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RELIANCE-Insurance

Reliance

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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Royal-sundaram-Insurance

Royal Sundaram

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
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SBI-Insurance

SBI

  • Network Garages - 4000+
  • Claim settlement Ratio - 88.83% in FY20
Get quotes

How to buy

Car Insurance Companies

Bajaj_Allianz

Bajaj Allianz Car
Insurance

Digit-Insurance

Go Digit Car
Insurance

Liberty-Insurance

Liberty Car
Insurance

Magma-HDI

Magma HDI Car
Insurance

New_India_Assurance

New India Assurance Car
Insurance

Oriental-Insurance

Oriental Car
Insurance

RELIANCE-Insurance

Reliance Car
Insurance

Royal-sundaram-Insurance

Royal Sundaram Car Insurance

SBI-Insurance

SBI Car
Insurance

Unite-India-Insurance

United India Car
Insurance

Our Car Insurers

Car Insurance Companies

Bajaj_Allianz
Bajaj Allianz
Digit-Insurance
Go Digit
Liberty-Insurance
Liberty
Magma-HDI
Magma HDI
New_India_Assurance
New India Assurance
Oriental-Insurance
Oriental
RELIANCE-Insurance
Reliance
Royal-sundaram-Insurance
Royal Sundaram
SBI-Insurance
SBI
Unite-India-Insurance
United India
car-insurance-renew01

What is car insurance policy?

Car insurance is a legal contract between the insurance company and the car owner that protects you if your vehicle is damaged or stolen.

Motor Vehicles Act, 1988 makes it mandatory for you to have a third-party liability policy, and it is prudent on your part to have Own-damage coverage. The combination of the two is called Motor Comprehensive policy, which is the advisable insurance cover.

Why car insurance policy is important?

Your car can get damaged, destroyed, or stolen. In such a situation, insurance is the financial safety net to repair or replace the vehicle.

auto-pay

Hospital bills

If the owner-driver is injured in an accident, your insurance can make payments towards medical expenses.

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Compensation for injuries and disability

If the driver dies due to the accident, the car insurance company will pay a fixed compensation amount to their dependents.

Types of Car Insurance

Third-party car insurance

This policy is compulsory under the law and covers the accidental damages caused by the policyholder’s vehicle to a third-party vehicle or property or injury to or death of a third party. It also deals with any legal proceedings and claims.

Comprehensive car insurance

This policy combines the two covers described earlier, and it is advisable to take this.

Add-on Covers

Several useful add-on covers are available at extra cost to enhance your policy’s value.

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Consumables Cover

This covers the cost of replacing vehicle consumables like brake oil, engine oil, grease, and lubricants related to an accident.

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Engine protection cover

It covers the damage caused to the engine and also gearbox damage.

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Personal accident cover for driver

If the person riding the car is injured or killed, this add-on cover offers financial security to them or the dependants they leave behind.

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Daily allowance

This add-on provides a daily allowance when the insured vehicle is in the garage for repairs for more than three days to help defray travel expenses.

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Key protection cover

This cover helps the car owner cover the expense of replacing the key and lock in case of theft or loss.

Types of Car Insurance Coverage

Here are some technical terms in car insurance,

Normaly, a insurance covers the damage of the spare parts at their depreciated value. With Zero Depreciation Cover add-on, you will get the complete cover amount without any depreciation.
When you opt for a Own Damage Cover, the cost of repairs of your vehicle that has been damaged will be reimbursed.
If the person riding the car is injured or killed, this add-on cover offers financial compensation.
Fincover

Advantages

There are several reasons why you should apply

What are Deductibles in a Car Insurance?

Deductibles are a cost-sharing agreement between you and the insurance company, where a portion of the car insurance claim must be paid by you.

Types of Deductibles

Compulsory deductible

In every claim, you have to bear an amount pre-fixed by the insurance company.

Voluntary deductible

You can choose an amount out of every claim you will bear in return for a suitable premium discount. This will be over and above the compulsory deductible.

Car Insurance claim exclusions

You cannot make a claim under the following conditions.

  • If your car policy has expired
  • When the car is used outside India
  • The damage is caused by war or any nuclear activity
  • There is an electrical or mechanical breakdown
  • The driver has consumed alcohol or any other drugs
  • The driver does not have a valid driving license
  • The car is used for illegal activities
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How to buy
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How to buy car insurance?

Fincover gets you the best car insurance policies available in the market. Our compare and buy feature helps you choose the most suitable policy. Here is what you need to do,

  • Log on to “www.fincover.com”
  • Select your car model
  • Enter your registration number
  • Choose “Buy Insurance” or “Renew Insurance”
  • Insurance policies from various insurance companies will be displayed
  • Analyze and choose the best policy suited to your needs
  • Pay the premium using your preferred payment method
  • Check for confirmation in your registered email id. Make a printout of the insurance policy for your reference.

FAQ

You can learn more from our asked questions
You can go through many insurance policies on Fincover. Not all policies have the same benefits and you need to choose what suits your requirements best. Fincover allows you to compare and buy, making the process easy and simple.
Yes! Every policy must be renewed before expiry and be kept valid. Renewal is easy on Fincover. Our secure payment gateway options help you complete the payment in a few minutes. You can also track the policy details including renewal date in the user profile in Fincover.
Fincover help people to compare and buy policies, hence buy comparing the benefits of the policy one can buy at the best of rate.
The claim count depends on the policy and policy provider they choose. The insurance companies in India allow people to submit claim requests until the claim approval history reaches IDV mark. Policyholder can find the exact number of claim requests allowed in the policy document.
Yes, the services done at both network and non-network garages are applicable for claim settlement. By the reimbursement claim settlement process, one must pay from their own pocket then submit the expenses bill along with other necessary documents. Later the policy provider conducts the verification process and approves the claim requests based on the investigation.
Yes you can, but FinCover doesn’t encourage people to do so. By choosing the best rider along with your existing policy, the policyholder can enjoy all the necessary benefits.
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