Car Insurance in Mumbai

Mumbai's chaotic traffic and unpredictable road conditions call for the importance of a four-wheeler insurance policy for the following reasons.

Driving behaviour of fellow drivers: There must be times when you might have come across rogue fellow drivers or careless pedestrians. While you may have been lucky and avoided any mishap, can you guarantee the same cautiousness from someone else?

If the unfortunate were to happen, we would like to think you have a safety cushion with car insurance.

Chaotic surrounding conditions: No matter the time of day, Mumbai is full of trafficked lanes, bumpy roadways and clogged highways. This congestion increases the proximity of bumper-to-bumper cars/ vehicles and increases the chances of damage to car parts.

Moreover, the seasonal floods that grace Mumbai every year also do no good to cars. In fact, floods damaging car hydro-locks, engines, and electrical systems are a common phenomenon in Mumbai.

Without car insurance, the costs for any such repair/ replacement can lead to hefty bills.

Heavy fines and the threat of lock-up: Did we mention that roaming around in your car without a car insurance policy is an offence? Car insurance is mandatory in India, and if you get caught by the traffic police driving without your insurance policy, you can be charged a hefty fine.

*Terms and Conditions Apply

When you are on the lookout for a car insurance policy in Mumbai, you will come across three main types: third-party car insurance, own-damage car insurance, and comprehensive car insurance.

If you are seeking the best protection for your car, you should assess the pros and cons of each of these different types of plans to decide on the best car insurance in Mumbai. Here is a brief that can be helpful.

Third-Party Car Insurance - With standard third party car insurance, you will receive coverage for any damage/ loss/ injury caused to a third party (fellow driver) and their property by your vehicle.

Own Damage Car Insurance - With own-damage four-wheeler insurance, you can get coverage for the damages incurred to your insured car. It offers extensive coverage that can include theft and man-made or natural calamities.

Comprehensive Car Insurance - With comprehensive car insurance, apart from receiving coverage for damage/ loss/ injury caused to third parties, you will receive enhanced protection for your own car, too.

Let us compare the Pros and Cons and for whom it is ideal for the coverage.

The first and the only main concern for many of us purchasing a car insurance policy in Mumbai is the premium and the extent of coverage applicable. Well, you can determine the premium for your car with our online car insurance premium calculator.

And if you want to know what factors contribute to your premium rate, here is a brief about the most important aspects.

IDV- The IDV full form is Insured Declared Value. It is the maximum financial benefit that you can avail of from a car insurance policy, and it depends on your car's current market value, less the depreciation.

Type of Policy and Add-ons- The type of four-wheeler insurance policy, whether it is third-party, comprehensive, or own damage cover, along with the add-ons opted, will significantly impact the car insurance premium rate.

Engine Cubic Capacity- The premium is higher for a car that has a higher engine cubic capacity.

Deductibles- It is a portion of the repair expenses that you will have to pay for apart from the claim amount received. If the deductible is higher, the premium rates will get lower.

Other Factors- Other factors that can affect your car's premium are the age, make and model, modifications made to your car, and other security features added.

No Claim Bonus- It is a discount applicable on your premium if you have been a disciplined driver over the past policy year. This means if you have not raised any claim in the previous year or years, you may be eligible for a NCB.

Buying an offline or online car policy from Tata AIG not only ensures you receive comprehensive coverage but also gets the full package with affordable and customisable car insurance add-on covers.

To name a few:

• No-Claim Bonus Protection Cover

• Roadside Assistance Cover

• Return to Invoice Cover

• Zero Depreciation Cover

• Key Replacement Cover

• Engine Secure Cover, etc.

How to Choose Between The Add-On Options?

Although add-ons offer enhanced coverage, they are available at an additional yet reasonable premium. Therefore, analyse your driving conditions and choose between the options wisely for your car insurance in Mumbai.

For example, if you are an experienced driver, you can choose the No Claim Bonus protection cover. And if you reside in locations with extreme weather conditions, being too cold or too hot, you can opt for the Engine Secure cover.

These add-ons can provide coverage in addition to your base four-wheeler insurance policy to help you reduce your financial strain during unanticipated mishaps.

How to Buy Car insurance

• Visit the official website of Tata AIG online for car insurance.

• Provide your car's registration number and click on 'Get Price'.

• Enter the details as prompted by the system. It will be based on your personal profile and car.

• Decide the type of car insurance policy, coverage required, and add-ons, if any.

• An instant premium quote will be displayed for your car insurance renewal in Mumbai. If you are satisfied, you can go ahead and buy the car insurance online.

How to renew Car Insurance

• Visit the official website of Tata AIG online for car insurance.

• Provide your car's registration number and click on 'Renew'.

• Decide on any changes if required, such as the inclusion of add-ons.

• An instant premium quote will be displayed. If you are satisfied, you can go ahead and renew the car insurance online.

Raising a claim in the event of an accident is the first important step that you will take on your car insurance policy.

At Tata AIG, we are committed to offering hassle-free online services to help you reach out for the applicable benefits timely. We offer two claim options: Cashless Claims and Reimbursement Claims.

Cashless Claims

In a cashless claim, you will just need to register the claim and take your car to any of our authorised network of garages, and we will pay the expenses directly.

You can choose any of the nearest garages. There will be a preliminary survey, and we will approve the amount for the cashless claim based on that investigation and the policy document.

When the repairs are done, we will pay the garage to the extent of the approved amount directly. The remaining uncovered expenses (if applicable) will be left to your responsibility.

Reimbursement Claims

In a reimbursement claim, you can choose the garage of your choice. You can register a claim, get your car repaired and pay for the expenses out of your pocket.

Upon completion of the repairs, you can submit the receipts to us, and we will reimburse you to the maximum possible extent later.

The flexibility to choose the garage is a key feature. However, the process can involve additional documentation.

The documents required for a car insurance claim in Mumbai can vary based on the specific scenario. Some of the standard documents required are as follows:

• Duly filled claim form

• Policy documents

• Personal details - address and identification proof

• First Information Report (FIR) in case of an accident

• Hospital bills in case of personal accident claim

• No Trace Report from the police if your vehicle is stolen

• Legal Notice of the concerned party in case of third-party liabilities

• Repair bills from the garage (in case of reimbursement claims)

Cashless garages refer to our network of garages authorised by us for their services across India, where we can pay them directly for your car repairs. We have established our network in around 7500+ garages across India.

We can assure quality and faster repair services in our garages with your car insurance in Mumbai. Furthermore, the approved amount can also be utilised for hospitalisation expenses if the accident leads to hospitalisation.

How do cashless claims work?

Inform and register a cashless claim with us.

Locate any of the nearest cashless garages and get your car for repairs. You can find Tata AIG Cashless Network Garages in Mumbai by clicking here.

A survey on the damages will be conducted, and based on that investigation report, we will approve the amount.

Upon completion, we will pay the garage for the approved amount directly. You will be required to pay for the remaining uncovered repair expenses.

Cashless repair services can be availed only with comprehensive plans, and certain services apply only to select cities. Contact our Tata AIG customer service for any clarifications.