Car Insurance in Ludhiana

Though Ludhiana is an industrial hub, the roads are in poor condition. Besides, various road construction projects are being carried out, which has increased the traffic burden in certain areas.

Many roads have potholes, which increases the chances of accidents as motorists driving in a hurry fail to locate them. In Ludhiana, car owners have also been suffering due to increasing incidents of vehicle theft. Monsoon floods are another reason for worry for vehicle owners, as vehicles suffer from damage.

Having the best car insurance gives you financial coverage in all scenarios that damage your vehicle in Ludhiana. It also offers financial assistance in case of damage to a third-party vehicle, relieving you of any financial strain.

If you are a car owner in Ludhiana looking for car insurance near me and want to know the various types of insurance available, here is a detailed explanation for you.

Third-Party Car Insurance

Third-party car insurance is also known as “Act-Only” insurance and is compulsory for all vehicle owners as per the Motor Vehicles Act. Under this insurance, the insurer undertakes to pay for the losses or damage caused to the vehicle, property, or life of any third party.

Pros

It provides financial protection to the policyholder

It has an affordable premium

Cons

No personal coverage for the policyholder

Ideal For

New drivers between 20-25 years of age.

Own Damage Cover Insurance

Own damage cover or collision damage car insurance is a type of insurance that covers the cost of repairs to the policyholder’s vehicle. The premium of this insurance policy is based on the IDV of the car.

Pros

It compensates for vehicle theft, damage, etc.

It allows you to purchase add-ons

Cons

It does not provide third-party damage coverage

Ideal For

If there is a lien on your vehicle.

Young drivers between 20-30 years of age.

**Comprehensive Insurance </h3

A comprehensive insurance policy provides coverage for own damage as well as third-party damage. Comprehensive insurance provides customers with no claim bonus when they do not make any claims during a year.

Pros:

Covers theft, floods, animals, vandalism, riots, etc.

Protects the policyholder as well as the third party.

Cons:

Higher premium

Ideal For:

Drivers of all ages

The best way to safeguard your vehicle against unforeseen events is to opt for Tata AIG car insurance in Ludhiana. However, before you choose a plan, it is crucial to have a knowledge of how car insurance rates are determined so you can opt for an affordable plan with maximum benefits.

Insured Declared Value (IDV)

IDV is the present market value of a vehicle after depreciation. The insurance provider determines the IDV of your vehicle, and it is the maximum sum assured that a policyholder receives in case of a claim.

Driving Record

The driving record of the policyholder plays a crucial role in determining the insurance rate. A driver with clean records enjoys better rates and discounts when buying new car insurance as compared to a driver with poor driving records.

Model and Make of the Car

Insurance rates are also affected by the class and model of the insured vehicle. For instance, sports cars and luxury cars have higher premium rates. Similarly cars with a higher engine cubic capacity have a high insurance premium.

Coverage Type

The type of coverage that you are looking for is an essential factor that helps to determine the premium amount. If you want comprehensive coverage, the premium rates will be high as compared to third-party coverage.

Claim History

If you have not made any claim in a year, you can receive the benefit of NCB insurance. It is a discounted premium rate as a reward for no claim.

Add-ons with car insurance in Ludhiana help to strengthen the base policy and protect you against unforeseen damages. Tata AIG offers 12 add-ons mentioned below:

No Claim Bonus

It is the reward to the policyholder for not making any claim in a year.

Daily Allowance

It is an allowance paid for 10-15 days for travelling when the car is under repair.

Repair Services

You can get repair services from an authorised garage when the car parts require minor repairs.

Emergency Expenses

During an accident on a journey, this add-on provides expenses for hotel stays and travelling back home or to the nearest city.

Key Replacement

This add-on provides the expenses to replace the lock or purchase a new key if it is stolen.

Tyre Expenses

It covers the cost of replacing or repairing the tyre.

Zero Depreciation

The policyholder gets the depreciation amount that is deducted from the value of replaced parts.

Consumable Expenses

It covers the expenses of consumables in case of an accident like engine oil, brake oil, lubricants, etc.

Return to Invoice

In case of complete loss of the car, the insurer gets the difference between the assured amount and the invoice value of the vehicle.

Engine Protection

It is reimbursement of expenses related to the engine when there is a breakdown due to an oil spill or water ingestion.

Roadside Assistance

This rider pays for services like towing the vehicle, changing tyres, etc., when the car breaks down during transit.

Personal Belongings

This add-on pays for the loss of personal belongings of the insured’s family members. However, it does not cover loss of money, jewellery, etc.

How to Buy Car insurance

Step 1: Visit the Tata AIG official website.

Step 2: Choose ‘Car Insurance’ under ‘All Products’.

Step 3: Enter your car’s registration number and click ‘Get Quote.’

Step 4: Fill up all the details about the vehicle and personal details.

Step 5: Choose the insurance policy coverage and the add-ons you want to opt for.

Step 6: You will get a quote for the Tata AIG car insurance Ludhiana

Step 7: You can pay the premium online.

How to do Car Insurance Renewal Ludhiana

Step 1: Go to the Tata AIG official page.

Step 2: Choose ‘Car Insurance’ under ‘All Products’.

Step 3: Enter the car number and click ‘Renew existing policy.’

Step 4: Enter the vehicle details and personal details.

Step 5: Choose the insurance policy of your choice along with the add-ons you want.

Step 6: Get the renewal amount and pay it online.

There are two ways to claim a car insurance policy in Ludhiana from Tata AIG:

• Reimbursement claim

• Cashless claim

Reimbursement Claims

File a claim by calling 1800-266-7780. You can also register a claim by visiting the claim support page and filling in all the required details correctly.

Once the claim is registered, a self-inspection link is sent to the registered mobile number.

You must fill in all the details asked in the self inspection form about the damage to the car. A representative from the insurance company will also inspect the car.

Choose the reimbursement claim method.

Submit the documents to take the claim forward, including the claim form, FIR, policy documents, ID proofs, address proof, etc.

Once you complete the claim registration process, you can track it online.

After the claim is accepted you can take the car to any garage and get it repaired. You can later submit all the bills and invoices to get a reimbursement from the company.

Cashless Claims

Register the claim by calling 1800-266-7780. Alternatively, you can also register online on the Tata AIG claims support page.

After registering the claim, you must fill out the details asked in the self-inspection form like the damage to the car, etc.

A surveyor will evaluate the car to confirm the damages.

Choose the cashless claim method.

Submit documents like address proof, ID proof, claim form, IFR, etc.

Once the claim is registered, you can track it online and take your car to the cashless garage for repairs.

Here is a list of all the documents that you must submit to make an insurance claim:

Copy of driver’s licence

Copy of policy documents

Originals keys of the vehicle

Copy of registration certificate (RC)

The claim form must be filled accurately and signed

No trace report from police (for stolen vehicles)

NOC and Form 35 (for cars on loan)

Repair bills for reimbursement claim.

RTO transfer papers signed along with form 28, form 29, and form 30.

A cashless insurance claim facility allows the policyholders to get their car repaired from a garage without paying for any expenditure. Cashless network garages have a tie-up with the insurance provider, like Tata AIG. These garages allow the policyholders to get their vehicle repaired free of cost in case of an accident, damage, etc.

All the expenses of the repair are borne by the insurance company, which they pay to the garage directly after the service is provided. It is essential to mention that the cashless garage networks are applicable only when you buy comprehensive Tata AIG car insurance in Ludhiana.

One must also remember that cashless garage networks may be available in some cities and may not be available in others.

It is recommended to contact the Tata AIG helpline services or visit the website to find out the list of cashless garage networks before purchasing new car insurance.