Car Insurance in Coimbatore

The Transport Department of Tamil Nadu has established four Regional Transport Offices (RTOs) in Coimbatore. According to the statistics available on Parivahan, in 2023, the number of vehicles registered at these RTO offices was 25,207 (Central), 31,626 (North), 21,392 (South), and 22,795 (West).

The numbers are consistently growing from the previous years, and more vehicles on the road mean more chances of congestion, collisions, and accidents. The data of the State Crime Records Bureau recognises Coimbatore as the new road accident capital of Tamil Nadu, with over 1,000 fatalities reported in 2023.

Furthermore, the deplorable conditions of the roads with potholes, cracks, and uneven surfaces pose a major and persistent challenge for drivers. While you can’t solve these problems alone, you can secure your finances by buying the best car insurance in Coimbatore. It will help you comply with the rules of the Motor Vehicles Act 1988 and shield you against the financial losses arising from vehicle damage.

Tata AIG offers three types of car insurance plans in Coimbatore. These aim to cater to different car owner’s specific requirements and budgets.

Third-Party Car Insurance

This type of policy offers protection against any liabilities arising from third-party property damage. It is the most basic policy and legally mandatory as per the Motor Vehicles Act.

It protects you against physical injury and death of third parties. You must invest in third-party car insurance in Coimbatore if you own a low-value vehicle and it is minimally used.

Comprehensive Car Insurance

A comprehensive car insurance policy is preferred because it covers accidental damage to your vehicle and the third party. The coverage also extends to theft and loss arising from natural or unnatural disasters.

The policy’s coverage can be enhanced by including add-ons. It is the ideal choice for car owners desiring extensive coverage and comprehensive protection for their vehicles.

Standalone Own Damage Car Insurance

By opting for an Own Damage (OD) cover, you protect yourself against losses suffered by your vehicle due to accidents and thefts. You also enjoy coverage for damage caused by natural and man-made disasters.

However, there is no coverage for third-party liabilities. If you have high-value vehicles and drive in high-risk areas frequently, an OD cover in insurance is ideal for you.

The premium is a crucial factor affecting the cost of your car insurance policy in Coimbatore. It defines your financial security on the road. Thus, make sure you opt for adequate coverage with the necessary features.

Many factors influence the premium for your four-wheeler insurance. Let us explore the top ones.

Insured Declared Value (IDV)

IDV refers to the maximum amount you can claim if your car is stolen or damaged beyond repair. It is calculated by estimating your car’s current market value after discounting depreciation. IDV is directly proportional to the premium. Thus, if your car has a higher IDV, you need to pay a higher premium.

Car’s Age

If you have a new car, your insurance premium will be higher compared to old vehicles.

Insurance Coverage

The scope of coverage offered varies for third-party, own-damage, and comprehensive car insurance plans. Their premium also varies accordingly.

Engine Capacity

Cars with higher cubic capacity engines attract a higher premium than cars with lower cubic capacity engines.

Deductibles

The policyholder pays a percentage of the claim amount. It is known as deductibles. The premium is lower if the deductible is higher, and vice versa.

Add-ons

Add-ons enhance the coverage of your policy. Depending on the number and type of add-ons you include in your policy, the cost of the car insurance policy increases.

Claims History

If you have not raised any claims in the policy year, you are eligible for a No Claim Bonus (NCB). The NCB discount can help to lower the premium significantly.

Add-ons are a great way to avail of benefits and enhance your car insurance policy in Coimbatore. Tata AIG offers a wide range of add-ons to increase your financial security on the road.

• Roadside Assistance

• No Claim Bonus Protection

• Zero Depreciation

• Daily Allowance

• Key Replacement

• Return to Invoice

• Emergency Transport and Hotel Expenses

• Repair of Glass Fiber and Plastic Parts

• Tyre Secure

• Engine Secure

• Loss of Personal Belongings

• Consumable Expenses

The most beneficial add-on to include in your policy is Zero Depreciation. It makes you eligible for the entire sum insured without any deductions for the depreciation cost. The No Claim Bonus Protection is another useful add-on. It allows you to avail of a certain number of claims without losing the benefits of the NCB discount.

The Roadside Assistance add-on provides access to towing, refuelling, and other mechanical repairs if your car breaks down at a remote location.

You can choose from this list of add-ons when you buy or renew car insurance online on Tata AIG’s website. They come at an affordable charge in addition to the premium. Make sure you understand the benefits of different add-on covers and their associated costs while customising your car insurance in Coimbatore.

How to Buy Car Insurance?

Visit Tata AIG’s official website.

Select the ‘Car Insurance’ option and enter your vehicle registration number.

Press ‘Get Price.’

Enter your personal and car details as prompted on the screen.

Pick your choice of coverage and add-ons.

An instant premium quote will appear on the next page.

If it is within your budget, proceed to pay and buy car insurance online.

How to Renew Car Insurance?

Head to Tata AIG’s official website.

Under the ‘Car Insurance’ tab, enter your vehicle registration number and press ‘Renew.’

Fill out the required car and personal details.

If you’d like to change the policy coverage or include add-ons, you can do it at this step.

As you proceed, you will see an instant premium quote.

Pay the premium online to complete the process for car insurance renewal in Coimbatore.

There are two ways to file a claim for your Tata AIG car insurance in Coimbatore. These are cashless claims and reimbursement claims.

Cashless Claims

Initiating a cashless claim is simple and convenient. It starts with intimating the insurance provider about the accident and registering the claim. The next steps are as follows:

You will receive a claim registration number, and an executive will contact you within 48 hours.

An assigned surveyor will visit to evaluate the damages sustained by the vehicle.

After the inspection report is submitted, a claim amount is sanctioned.

You can visit the nearest network garage for repairs.

Once the garage repairs the car, it raises a bill for us.

We will pay the approved amount while you can relax and head back home in your car.

Reimbursement Claims

Reimbursement claims apply to cases where you get the car repaired at a garage and pay for the expenses from your pocket.

Fill out a claim settlement form and raise a reimbursement claim.

Once the repairs are completed, upload the necessary bills and documents.

A surveyor will investigate and verify the bills to approve the reimbursement.

After the claim’s verification and approval, the compensation amount will be credited to your bank account.

Duly filled and signed claim settlement form

A copy of the insurance policy

A copy of the driver’s licence

Registration Certificate

Proof of Identity

Proof of Address

Original keys

A copy of the First Information Report (FIR) in case the car is stolen or it is an accident

Original bills from the garage

A No Trace Report prepared by the police if it is a theft

NOC from the lender and duly filled Form 35 if there is an active car loan

Hospital bills in case of a personal accident claim

Cashless network garages are select garages that Tata AIG authorises for providing cashless repair services to its policyholders. You can visit the nearest cashless garage to get your car repaired, and we will pay the bills up to the maximum extent as per your insurance policy.

Tata AIG has a network of 7500+ garages across India. These garages offer quick and good-quality repair services. But cashless repairs are a benefit of comprehensive plans only.