BMW Car Insurance

Buying BMW insurance is essential, not only for legal purposes but also for personal gain. Car insurance can save you from financial liabilities if your car gets into an accident. If there is a third-person injury, where other drivers or pedestrians get injured or killed by your car in an accident, having a valid BMW insurance policy can save you from a lot of trouble.

Now that you know the importance of having insurance for four-wheelers, here is how you can buy one for your BMW car.

• Navigate to the car insurance section of Tata AIG’s website.

• Feed your car’s registration number.

• Click on ‘Get Price’ to see the BMW insurance quote. Or you can click on the ‘Renew’ button for existing BMW insurance renewal.

• You will then need to fill out a form and provide details like phone number, email ID and the details of your BMW car.

• Now, you will have to determine the Insured Declared Value of your BMW and select it from the list.

• Declare if you made car insurance claims in the previous year. select ‘No Claim Bonus’ if you have not.

• At this point, you should be able to see your BMW car insurance cost.

• Compare our insurance plans, and choose the one you need.

• Lastly, you have to make the payment, and once done, you will receive the policy via mail or on your mobile number shortly after verification.

• You may also choose to get a duplicate copy of your policy on WhatsApp.

Wondering how much your BMW insurance premium amount will be?

It is not that difficult to calculate. Just use our free online car insurance calculator. But if you want to know how it is calculated, read on.

The first thing that will come into play in determining the BMW insurance cost or its premium is the Insured Declared Value or IDV of the car.

What is IDV? It is the present market value of the car, and the IDV is the amount the insurer will pay you if your car gets stolen or damaged beyond repair, also known as Total Loss.

If you do not know the IDV of your car, you can visit any BMW showroom. Be careful while selecting the IDV. If you choose a high IDV, the premium will be high, and if you choose a low IDV, the insurance payout will be low in the case of total loss.

Thus, choosing the appropriate IDV for your car becomes crucial; otherwise, you will be stuck in the two extreme situations mentioned above. We should also mention that the third-party car insurance costs are not the same as the variables that determine comprehensive coverage for vehicles. It is determined and regulated by the IRDAI.

Other than the IDV of your car, here are the other factors that influence your comprehensive BMW car insurance price;

• The cost of your car.

• Your track record.

• Your No Claim Bonus.

• The Registration date of your car.

• The place where you will drive your car.

• The brand and specifications of your car.

• Any customisations you may have made to the car.

• The method of policy purchase.

When buying car insurance, it is important to know exactly what you are getting. So, here goes a table showing the inclusions and exclusions of Tata AIG comprehensive car insurance:

Tata AIG is a name trusted by millions of Indians. We have been in the insurance business for decades, and you can trust us with your BMW insurance.

Here are some other pointers to why you should choose Tata AIG insurance for four-wheelers.

CSR: Tata AIG achieved a 98% claim settlement ratio in 2020–21 as a result of diligent work put forth by our staff.

Claim Professionals: We have a team of over 650 claim resolution specialists working round the clock to ensure that every claim is fairly and favourably resolved.

Knowledge- We have been in the insurance business for over 20 years. Our accumulated knowledge and experience helped us develop new goods and regulations for our clients. We are proud of our strong customer base, which we always strive to serve and preserve.

Customer Service: Serving our clients is our priority at Tata AIG. Please contact us if you have any questions or need our support.

Founded in 1916 in Munich, Germany, BMW made its name in luxury car manufacturing. It is popular for its comfortable and luxurious sedans. It started operations in India in 2007 and set up its headquarters in Chennai.

BMW is one of India's top 5 luxury car brands, and in 2020, it had a 29% market share.

Presently, BMW sells 22 car models, out of which 7 are SUVs/MUVs, 9 are in the Sedan category, 1 in the convertible line and 3 in the coupe line. BMW also offers 2 electric vehicles.

BMW cars are known for their comfort and luxury. They come with all the latest features, and all top-of-the-line cars have intelligent inputs to make driving more safe, enjoyable and comfortable. The primary reason why people buy BMW cars is for the plush feeling they offer to their customers.

The most popular rivals of the BMW cars are;

• Mercedes-Benz

• Audi

• Jaguar Land Rover

• Bentley

• Lexus

• Porsche