Car Insurance in Meerut

Meerut is the largest manufacturer of sports goods in Uttar Pradesh. It is also an educational hub and is adequately connected with the nearby cities. It is one of the biggest industrial centres in India and among the top fast-developing cities.

Due to plenty of employment and educational opportunities, the population of Meerut has increased, and so has the number of vehicles. According to official records, the number of accidents in Meerut in 2022 was 926.

Road accidents can be fatal and financially burdensome for motorists. Therefore, all vehicle owners must have car insurance for safety purposes. It safeguards against personal damage and that of a third party in case of collisions.

Those looking for a car insurance policy in Meerut must know that there are various types of insurance to choose from. Knowing the features and benefits of different types of insurance puts you in a better position to choose the right one for your needs.

Third-Party Car Insurance

Third-party car insurance policy is mandated under the Motor Vehicles Act. It is also known as “Act Only” insurance. Under this insurance coverage, the policyholder gets protection against third-party losses and damage.

Pros

It helps you to comply with the statutory requirement

It secures the policyholder’s finance in case of third-party liabilities

It is an affordable insurance

Cons

The policyholder does not get protection for their own damage

Ideal For

New drivers between the ages of 20-25 years old.

Standalone Own Damage Cover

Under the standalone insurance policy, the policyholder gets coverage for his damage due to several reasons.. It only covers the insured, and there is no inclusion of any third-party damage.

Pros

The policyholder’s vehicle is insured against damage due to natural and man-made disasters, theft, riots, etc.

It allows the insured to include add-ons and customise the policy.

Cons

There is no assistance in case of third-party damage

Ideal For

Vehicle owners who live in risk-prone areas

It is suitable for drivers who already have third-party insurance

Comprehensive Insurance

Comprehensive insurance offers the benefits of both standalone and third-party insurance to the policyholder. The insured is protected against his and third-party damage or loss.

Pros

It offers the highest coverage and protects against losses due to theft, vandalism, earthquakes, riots, etc.

It can be customised by including add-ons.

Cons

The premium amount is high as the coverage is extensive

It has some policy exclusions

Ideal For

Vehicle owners with a new car

Those who live in risky areas

When you set out to buy car insurance near me, you may have set a budget beforehand. To buy a policy within your budget, you must be aware of the various factors that affect the premium rate. Here are the factors that determine car insurance prices in Meerut.

IDV—The IDV, or insured declared value, is the final value of the car after deducting the depreciation amount. The premium for car insurance is calculated as per the IDV of the vehicle.

Your Geographical Location—The geographical location where you live and buy the car insurance policy plays a crucial role. If you live in metro cities with dense traffic, the insurance premium will be higher. In smaller cities with less traffic, the premiums will be lower.

The Car—Various aspects of the car, such as the model, make, variant, etc., are considered in deciding the premium. The premium of high-end or luxury vehicles is high, as the repair and replacement of parts are more expensive than for standard cars.

Driving Records-A driver who has been involved in multiple accidents or has fines and violations against him is likely to pay more premiums. However, a driver with a clean driving record will pay a lesser premium as he is considered less dangerous.

Type of Coverage—The type of coverage is another crucial factor in determining the premium rates. If you want comprehensive coverage, you will pay more premium than for standalone or third-party coverage.

Personal Factors- Personal factors like age, gender, etc., also affect the premium of the best car insurance. A woman is likely to pay less premium as compared to a man as she is considered a safer driver. Similarly, a young driver under the age of 25 will pay more premium as compared to a driver who is between 50-65 years of age.

Including add-ons to your Tata AIG car insurance, Meerut improves the scope of your coverage.

Some of the popular car insurance add-ons by Tata AIG are:

• Zero depreciation cover

• Daily allowance

• Key replacement

• Engine protection

• Tyre secure

• Consumable expenditure

• Roadside assistance

• Emergency expenses

• Return to invoice cover

• No claim bonus protection

• Loss of personal belongings

• Repair of glass or fibre parts

Buying Tata AIG car insurance in Meerut can provide plenty of benefits in case your vehicle is involved in an accident. Besides, the process of buying and renewing the insurance with Tata AIG is hassle-free. Here are the steps to follow:

Buying a Car Insurance

• If you have never bought Tata AIG car insurance, you can do so now by following a simple process. You can also buy any of our insurance plans online very conveniently without stepping out of your home.

• On the Tata AIG official page, navigate to the “car” tab.

• Under the car tab, provide the vehicle number for which you want to purchase insurance.

• Click on “Get Price” as you want to buy a new insurance policy.

• On the following page, provide your details like the phone number, name, etc. Also provide the additional vehicle details as asked.

• Next, select the car insurance policy you wish to buy. You can also choose the add-ons that you want to include.

• After you provide all the details, we will generate a premium quote for you.

• If you are satisfied with the car insurance price in Meerut, you can select the online method to make the payment.

Car Insurance Renewal Meerut

• Every car insurance policy is valid for one year, after which you must renew it by paying the premium. Refraining from renewing the insurance often leads to financial stress in case of accidents. Driving without valid insurance can also attract penalties.

• Go to the official webpage of Tata AIG.

• Navigate to the “car” tab and enter the vehicle number.

• Click “Renew Existing Tata AIG Policy.”

• On the next page, enter the details as asked. Choose the policy you want to renew. You can also choose the add-ons you wish to include.

• You will then receive a premium quote from us.

• If it fits your budget, you can pay the premium online.

Meeting with an accident can lead to loss of life and also put a financial burden on the motorist. However, with valid car insurance near me, you can steer through the difficulty with assistance from Tata AIG. There are two ways to make a claim mentioned below.

Reimbursement Claim

• A reimbursement claim is one in which the policyholder pays for the repair and replacement, which the insurance company later reimburses. To get a complete reimbursement, one must preserve all the bills and invoices.

• File a claim by visiting our claim support page or calling us at 1800-266-7780.

• After registering the claim, you will get a self-inspection form link, which you must fill out accurately.

• Our surveyor will also do a physical verification of the damage.

• Choose reimbursement as the mode of payment.

• Provide the documents required like FIR, policy papers, etc.

• After the claim approval you can take the car to any garage and get it repaired.

• Preserve all the invoices and submit them to receive the reimbursement.

Cashless Claim

• Under the cashless claim method, the insured is not required to pay any repair or replacement expenses as Tata AIG pays them to the network garage. Here are the steps for a cashless claim.

• Visit our claim support page or call us at 1800-266-7780 to register a claim.

• Get the self-inspection form link and fill out the damage details.

• Choose a cashless claim method.

• We will send a surveyor for physical verification.

• After the liability is confirmed, you must submit the documents required.

• You can then take your car to any of your network garages for a cashless repair.

• Policy documents

• Copy of driving licence

• Claim form signed and accurately filled

• No trace report from the police in case of vehicle theft

• Original car keys

• FIR report

• Copy of vehicle RC

• Approximate cost of repair

• Legal notice from a third party, if applicable

• NOC and Form 35 (for car loan)

• Transfer papers from RTO, Form 28, 29, & 30

If you want to have a hassle-free insurance claim, choose an insurance company that provides a cashless claim facility. Tata AIG is one such provider of 4-wheeler insurance.

We have an extensive network of garages in the country through which you can easily make a cashless claim. Cashless network garages allow the policyholder to get their car repaired free of cost as they have a tie-up with the insurance companies.

The insurance companies directly pay for the expenses of the repair on behalf of the insured to the garage. However, the network garages may be available in a few cities across the country. Therefore, you must find out about them before purchasing an insurance.

One should also look at the other aspects of the insurance like the premium amount. You can find out the premium rate with the help of a car insurance premium calculator. It will allow you to find out the premium for your vehicle and determine if it is affordable.