Car Insurance 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.

*Terms and Conditions Apply

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.

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.

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 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.

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.

• 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

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.