These days, it is very easy to buy the best auto insurance online. This is because there is negligible confusion about the costs incurred to you in terms of premium rates, taxes, and commission. A car insurance premium calculator comes to your rescue and helps guide your purchase. This powerful online tool is useful and easy-to-use. It provides smart means of getting quotes for the top insurance companies in India.
All that you need to do to go about the act is fill in details like IDV, cubic capacity, manufacturing year, model of the car, geographical location, No claim bonus (NCB), etc. accurately. Once you have the premium figures in hand, you may compare different policies before buying the one that suits your needs to the hilt.
Top 5 Car Insurance Companies
After getting a hang of the best car insurance premium calculator online, you may want to check out these 5 car insurance providers in India.
ICICI Lombard GIC Ltd.
With over 3,500 garages and car services centres in their network, ICICI car insurance plans are known to offer adequate cover for third-party liability and other add-ons. You get protection against natural calamities, man-made calamities, third-party legal liability, and personal accident cover alike.
Be it for covering the costs of towing to fixing a flat tyre or taking care of minor repairs – ICICI Lombard GIC Ltd. does it all.
HDFC ERGO General Insurance Company Ltd.
The company offers private car insurance, liability-only policy, two-wheeler insurance, and commercial vehicles insurance among many others. Certain benefits provided by HDFC ERGO include online purchase option, 24 hours approval time and customer services, quick claim settlement process, etc.
United India Insurance Company Ltd.
United India provides insurance for two-wheelers, private cars, and commercial vehicles. You may customize the plans on offer to suit your requirements. As a policyholder, you may file for No Claim Bonus ranging from 20% to 50% as per the number of years wherein you have not put in any compensation claim.
The Oriental Insurance Company Ltd.
The car insurance plans provided by the Company covers third-party liabilities, accidental damages, and other add-ons. In case you are opting for a 1-year insurance protection, you get nil depreciation cover, alternative car benefits, free emergency services, and cover for the loss of personal effects.
Tata AIG General Insurance Company Limited
The car insurance plans offered by Tata AIG General Insurance Company Limited are known to provide cashless claims, reliable add-on covers, direct/cashless settlement at network garages, roadside assistance, and no claim bonus. You may choose from 12 unique add-on protections to personalize your car insurance plan.
Benefits and Other Key Features of Car Insurance
The benefits and features of various car insurance plans in India are diverse and many. Take a look.
1. Risks covered
A car insurance premium calculator online will help you work out the premium rates as well as the damage covers applicable to your car. The risks covered generally includes natural disasters like earthquakes, floods, storms, etc.; disasters that are man-made such as riots, malicious act, accident, theft, fire, etc.; third-party liabilities; and more.
2. Insured Value
Your vehicle is insured on the basis of its IDV or Insured Declared Value. The IDV is based on the manufacturer’s price minus the car’s depreciation as defined by its age.
3. Premium saving option -NCB
The no-claim bonus (NCB) is one of the most coveted benefits of car insurance plans in India. When you use the car insurance premium calculator to calculate the premium, you need to check for discounts in the form of NCB. This discount on premium can be availed if you have not filed in a claim in the previous year.
Use Online Car Insurance Premium Calculator
The best part about this online tool is that it is freely available for use on insurance aggregator portals like Coverfox.com. You may want to check out the quotes from top car insurance companies in the country with the help of the premium calculator before freezing your buy.
Remember, you cannot drive on Indian roads if you do not have a valid third-party liability insurance cover in place. Additionally, it pays to buy comprehensive auto insurance to gain more benefits. Go about the act without any further delay – you will be glad you did!