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Top Car Insurance Plans

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

Comprehensive plan Third party plan
bajaj-insurance

Bajaj Allianz

  • Starting at - ₹ 4100/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

go-digit-general-insurance

Go Digit

  • Starting at - ₹ 4500/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

liberty-ins

Liberty

  • Starting at - ₹ 4700/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

magma-hdi-insurance

Magma HDI

  • Starting at - ₹ 4500/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

new-india-assurance-insurance

New India Assurance

  • Starting at - ₹ 4000/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

oriental-insurance

Oriental

  • Starting at - ₹ 4000/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

reliance-insurance

Reliance

  • Starting at - ₹ 3800/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

royal-sundaram-insurance

Royal Sundaram

  • Starting at - ₹ 3800/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

icici-insurance

ICICI Lombard

  • Starting at - ₹ 3800/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

bajaj-insurance

Bajaj Allianz

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

digit-insurance-india

Go Digit

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

liberty-general-insurance

Liberty

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

magma-hdi-insurance

Magma HDI

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

new-india-assurance-insurance

New India Assurance

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

oriental-insurance

Oriental

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

reliance-insurance

Reliance

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

royal-sundaram-insurance

Royal Sundaram

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

icici-insurance

SBI

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

#carinsurers

Car Insurance Companies

bajaj-insurance
go-digit-general-insurance
liberty-ins
magma-hdi-insurance
new-india-assurance-insurance
oriental-insurance
reliance-insurance
royal-sundaram-insurance
icici-lombard-insurance
united-INDIA-insurance
sbi-general-insurance
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

bike

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.

bike

Comprehensive car insurance

Comprehensive car insurance policy combines both Third-party liability and OD (Own damage - gives coverage for the own-damages sustained by the insured bike due to an accident).

Add-on Covers

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

income-of-applicant

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.

transparency

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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Unlimited Earning Potential

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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No claim bonus

If you have a claim-free year on your bike insurance, you get a significant discount on your bike insurance renewal premium.

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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.

Documents required for Car Insurance

Here is a list of documents needed for an individual to buy Car Insurance policy

To buy a new policy To renew the policy
  • Car Purchase Invoice copy
  • Proposal form with details
  • PAN and Aadhaar Card Copy (KYC Verification)
  • Proposal form with details
  • Copy of Registration Certificate (RC) of the vehicle.
  • Previous Insurance Copy
  • PAN and Aadhaar Card Copy (KYC Verification)
car-insurance-renew01
Buy/Renew Car Insurance

Why Choose Fincover?

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
Benefits-bike
How to buy

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”
  • Enter your registration number
  • Select your car model
  • 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
Usually, the user will receive the funds within 4 days from the day of application. It also offers pre-approved personal loans to select customers where the funds are disbursed within few seconds
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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