Car Insurance in Kerala
Car Insurance in Kerala
Kerala, most popularly called God's Own Country, is known for its serene backwaters, beautiful beaches, and lush green hills. It is the 9th largest economy, growing steadily in recent years and one of the most popular tourist destinations in India.
The well-developed transport network has helped in enhancing the connectivity for economic growth and access to essential services, making the roads busy!
Whether you are exploring Kerala's landscape or the bustling cities in your car, car insurance is necessary and legally mandatory for surpassing unforeseen circumstances.
Read on to learn more about car insurance and how we at Tata AIG can help you better with financial coverage.
Why Do You Need a Car Insurance Policy in Kerala?
According to the Parivahan statistics, the number of vehicle registrations in Kerala has been above 7.5 lakhs every year between 2021 - 2023. With a more significant number of vehicles comes the increased risk of road accidents.
The Kerala Police Report states that the number of road accidents in Kerala is 33296, 43910, and 48141 for the years 2021, 2022, and 2023, respectively.
While these escalating statistics can be alarming, don't dissuade from owning a vehicle; instead, secure yourself and your car with a car insurance policy for comfort is a priority, and financial security is to shield it smartly!
A car insurance policy can cover various risks, including third-party liabilities, theft, accidental damages, or natural calamities, to the extent required. Knowing that you are adequately prepared for unforeseen circumstances, you can explore God's own country with confidence and peace of mind.
Key Features and Benefits of Tata AIG’s Car Insurance in Kerala
Key Features and Benefits | Details |
---|---|
Affordable Premiums | Premiums starting at ₹2094*. Save up to 75% by buying online |
No-Claim Bonus | Up to 50% |
Third-Party Cover | Covers for third-party or third-party property damages |
Own Damage Cover | Covers damages incurred due to accidents, natural calamities, and man-made disasters to your insured car |
Comprehensive Cover | Covers third-party liabilities and own damages and customisable with add-ons |
Personal Accident Cover | Up to ₹15 lakhs |
Add-On Covers | Choose from a list of 17 add-ons |
Network of Cashless Garages | 7500+ across India |
Buy/ Renew | Simple and quick 3-step online process |
Claim Assistance | Hassle-free online claims with 650 experts |
*Terms and Conditions Apply
Types of Tata AIG Car Insurance in Kerala
Stand Alone Third-Party Car Insurance
The basic and legally mandatory four-wheeler insurance policy covers any legal and financial liabilities that can arise from damaging a third-party person or properties with your insured car.
Pros:
Most affordable
Can be purchased quickly with less documentation
Pros:
Does not cover damages incurred to your car
Limited benefits and add-on coverage options
Ideal For:
Individuals with low-risk profiles, low-value vehicles, and minimally used vehicles can consider buying third-party car insurance in Kerala.
Stand Alone Own Damage Car Insurance
If your insured car suffers any accidental damage, the own damage four-wheeler insurance policy covers the related repair expenses.
Pros:
Better coverage, including accidents, theft and man-made or natural disasters.
Pros:
Does not cover third-party liabilities
Limited benefits and add-on coverage options
Applicable to cars purchased after September 2018
Ideal For:
Individuals with high-value vehicles, frequently driving in high-risk areas, can consider purchasing the own damage car insurance policy in Kerala.
Comprehensive Car Insurance
One of the most preferred and popular types of car insurance policy, comprehensive car insurance offers extensive coverage against third-party liabilities and damages to your insured car, including accidents, theft and man-made or natural disasters.
Pros:
Customisable with various add-on options
No Claim Bonus to reduce premium rates
Pros:
Higher premiums due to the broader coverage
Slightly detailed documentation and evaluation process for the claims
Ideal For:
Every individual prioritising broader coverage and comprehensive protection for their own car can buy comprehensive car insurance in Kerala. It will be a one-stop solution for all your financial concerns.
The Best Car Insurance in Kerala: Third-Party Vs Comprehensive Plans
Factors | Third-Party Car Insurance | Comprehensive Car Insurance |
---|---|---|
Extent of coverage provided | Covers third-party financial and legal liabilities, including third-party person and property | Covers third-party liabilities and own car damage, including accidents, thefts, man-made and natural calamities, and personal accident cover for the owner-driver up to ₹15 lakhs |
Legal implication | Legally mandatory according to the Motor Vehicles Act, 1988 | Not legally mandatory |
Cost | It is less expensive due to the basic coverage | It is expensive owing to the broad coverage |
Add-on Covers | Add-ons are not applicable | Wide-ranging add-ons are applicable for enhanced coverage |
Exclusions | "Damages to your own vehicle Damages incurred to third parties due to your insured car, considering the following scenarios: Using a private vehicle for commercial purposes Driving after the consumption of alcohol or under the influence of drugs Driving without a licence Negligence Driving outside the specified geographical boundaries Speed racing, crash testing, and war-like situations | " "Damages incurred to your car due to: General wear and tear Negligence Using a private vehicle for commercial purposes Driving after the consumption of alcohol or under the influence of drugs Driving without a licence Driving outside the specified geographical boundaries Speed racing, crash testing, and war-like situations Reimbursement is of up to 50% for replacing the consumables caused due to the wear and tear | "
What is the Car Insurance Rate in Kerala?
Now comes the premium, the most important! While it determines the cost of your car insurance policy in Kerala, remember it is not just a number but an assurance on the road to financial security.
So, ensure to choose adequate coverage with the necessary features and make well-informed financial decisions.
A range of factors determines your four-wheeler insurance premium. Here is a brief description of them.
Insured Declared Value (IDV) - The IDV in insurance is the maximum amount you can get for your car if it is totally damaged or stolen. It is calculated based on the current market value less depreciation.
Age - The premium is higher for new vehicles and lower for old vehicles.
Type of car insurance policy - The type of four-wheeler insurance policy chosen between the third-party, own damage, and comprehensive car insurance policies will significantly impact the car insurance rate in Kerala.
Engine Capacity - The premium will be higher for cars with higher cubic capacity than for cars with lower cubic capacity.
Deductibles - It refers to the percentage of claim amount that you pay for your car. The higher the deductibles, the lower the premium.
Add-on Covers - If you have included add-ons to your four-wheeler insurance policy, it will increase your premium.
Other factors - Other factors such as the location, make and model, variant, modifications done to your car, and additional security features can also affect your car insurance premium.
Claims History - If you have been a disciplined driver and made no claims in the past year, you can benefit from a No Claim Bonus that can significantly reduce your premium.
Best Car Insurance Add-Ons to Get in Kerala
Add-ons offer additional coverage and benefits that can enhance your car insurance policy. At Tata AIG, we offer 17 add-on covers for wide-ranging benefits.
Some of the common add-on covers are:
Zero Depreciation
No Claim Bonus Protection
Roadside Allowance
Daily Allowance
Key Replacement
Repair of Glass Fiber and Plastic Parts
Emergency Transport and Hotel Expenses
Return To Invoice
Loss of Personal Belongings
Engine Secure
Tyre Secure
Consumables Expenses
Zero Depreciation is one of the most beneficial add-ons that enable you to receive the complete sum assured without deducting the cost of depreciation. Further, with the No Claim Bonus (NCB) Protection, you can exercise a certain number of claims without affecting your NCB discount.
The Roadside Assistance is yet another add-on wherein you will be aided with refuelling, towing, or any other mechanical services during a breakdown in a remote location.
Other add-on covers such as Engine Secure, Tyre Secure, Consumables Expenses, and Repair of Glass Fiber and Plastic Parts cover the repair expenses of the specific parts.
While add-ons offer enhanced protection, it comes at an additional yet nominal cost. Therefore, understand the different add-on covers, their benefits, and costs to customise and determine the best car insurance in Kerala for all your financial needs.
How to Buy and Perform Car Insurance Renewals in Kerala with Tata AIG
How to Buy Car Insurance?
Visit our official Tata AIG website.
Under the 'Car' tab, provide your car's registration number and click on 'Get Price'.
Provide the necessary personal and car details.
Select the car insurance policy coverage and add-ons required.
We will provide an instant premium quote. If you are satisfied, you can go ahead and buy the car insurance online.
How to Renew Car Insurance?
Visit our official Tata AIG website.
Under the 'Car' tab, provide your car's registration number and click on 'Renew'.
Provide the necessary details as prompted by the screen.
Select the car insurance policy coverage and add-ons required.
We will provide an instant premium quote for your car insurance renewal Kerala. If you are satisfied, you can go ahead and renew the four-wheeler insurance online.
How to File a Claim for Car Insurance in Kerala?
When it comes to claiming the benefits with Tata AIG car insurance Kerala, you have two options: Cashless Claims and Reimbursement Claims.
Cashless Claims
With cashless claims, you can experience the care of a trusted friend! In this scenario, you will primarily inform and register with us about the incident and take your car to any of our network garages nearest and preferred by you.
Based on a survey report of the damages and the policy document, we will approve the cashless repairs to the maximum extent. The garage will further repair your car, and we will pay the approved amount directly. It is a simple and convenient process.
Reimbursement Claims
With reimbursement claims, it is more like doing things on your end first! In this scenario, you can choose the garage and pay for the repairs out of your pocket.
Register the reimbursement claim, receive your claim registration number from us, and proceed to a garage for the repair.
Upon completion of the repairs, you can submit the receipts to us, and we will investigate and reimburse it later. While it offers more flexibility in the choice of garages, it can involve more documentation.
Documents Needed for Car Insurance Claims in Kerala
Claim form duly filled and signed
Copy of the car insurance policy document and driving licence
Proof of identity and address
Registration Certificate and related details
Original keys
The original estimate, invoice and payment receipt for repairs done at a network garage
Receipts from the garage for reimbursement claims
First Information Report (FIR) if it is an accident
No Trace Report provided by the police and Letter to the RTO if it is a case of theft
The concerned party's Legal Notice in case of third-party liabilities
Hospital treatment bills if it is a personal accident claim
Tata AIG Cashless Network Garages for Car Insurance in Kerala
Cashless garages refer to garages that offer repair facilities authorised by us for cashless claims. You can get your cars repaired at any of our network garages, 7500+ across India, and we will pay them directly.
How do cashless claims work?
You will inform us regarding the incident, locate the nearest cashless garage and take your car to that location.
The vehicle will be surveyed, and you can provide the details with the policy documents to file for the cashless claims.
Upon investigation, we will confirm the approved amount and repairs to that extent will be paid to the garage facility directly. The remaining expenses will have to be borne by you.
You can experience good quality repairs and faster repair services with our network garages. Furthermore, if the accident leads to hospitalisation, we pay for the repairs, and you can also utilise the funds for getting medical treatment.
Click here to find Tata AIG Cashless Network Garages.
Cashless repairs are only available under comprehensive plans, and certain services are available only in select cities. You can get your queries cleared with Tata AIG customer service before moving forward with any purchases.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.