Car Insurance in Mumbai

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Car Insurance in Mumbai

Mumbai is a dream city for many. Being India’s most significant financial hub and entertainment hotspot, the city sees a lot of people making their way into it every year. It is always alive with energy and diversity, with people chasing their dreams.

In the midst of this lively commotion, driving through the bustling city roads becomes a challenging and tiring routine, prone to accidents. And that is where a car insurance policy in Mumbai gets crucial.

It is a financial safety net that offers coverage for the damages incurred to your insured car and other third-party liabilities.

Here is what you need to know about Tata AIG car insurance in Mumbai and how you can benefit from it.

Why Do You Need a Car Insurance Policy 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.

Key Features and Benefits of Tata AIG’s Car Insurance in Mumbai

Key Features and Benefits  Details
Premium Premium starts at ₹2094*. Online purchases can save up to 75%
No Claim Bonus Get up to 50% discount as a No Claim Bonus
Third-Party Cover For the coverage against third-party liabilities, including person or property damages
Own Damage Cover Coverage for the damages incurred to your insured car (thefts, accidents, and natural or man-made calamities)
Comprehensive Cover Coverage against third-party liabilities and own damages customisable with add-ons.
Personal Accident Cover Additional protection of up to ₹15 lakhs 
Add-Ons 17 add-on coverage options  
Cashless Garages Network of 7500+ cashless garages across India
Buy/ Renew The online process that involves just 3 steps
Claim Assistance Hassle-free claim assistance and procedures with 650 experts

*Terms and Conditions Apply

Types of Tata AIG Car Insurance in Mumbai

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.

Types Of Car Insurance Pros Cons Ideal For
Third-Party Car Insurance Extremely affordable, less documentation Own car damages are not accounted for, and limited customisation Disciplined drivers, low-value car owners, and cars with minimal usage
Own Damage Car Insurance Extensive coverage for own car, add-ons are applicable Does not cover third-party liabilities, detailed claim processes, and applies only to cars purchased after September 2018 Frequent travellers in accident-prone zones, high-value car owners
Comprehensive Car Insurance Coverage for both own damages and third-party liabilities, customisable with wide-ranging add-ons Expensive, detailed claim processes All types of car owners seeking extensive coverage with customisable benefits

The Best Car Insurance in Mumbai: Third-Party Vs Comprehensive Plans

Factors Third-Party Car Insurance Comprehensive Car Insurance
Coverage applicable Coverage is provided for third-party liabilities. It can include third-party persons and property Coverage extended to third-party liabilities and own car damage. It can include External accidents Natural disasters such as floods, earthquakes, cyclones, storms, and more Fire and lightning Landslide/ rockslide Frost and hailstorms Explosion and self-ignition Theft and burglary Riots, strikes, terrorist activities, or any other malicious act In addition, there is personal accident cover up to ₹15 lakhs for the owner-driver
Legal implication Mandatory according to the Indian Motor Vehicles Act, 1988 Not legally mandatory
Premium rate Lower Premiums Higher premium rates
Add-on Covers Not offered Wide-ranging add-ons for customisation
Exclusions Own damages Third-party liabilities in the following cases: Using your car for commercial purposes You are found driving after consuming alcohol and taking drugs You are found driving with an invalid licence Negligence Accidents reported outside the mentioned geographical areas Crash testing, Speed racing, and war-like situations Damages due to: Costs insured towards general maintenance Using your car for commercial purposes You are found driving after consuming alcohol and taking drugs You are found driving with an invalid licence Negligence Accidents reported outside the mentioned geographical areas Crash testing, Speed racing, and war-like situations The reimbursement for replacing the consumables is only up to 50% that is caused due to wear and tear

What is the Car Insurance Rate in Mumbai?

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.

Best Car Insurance Add-Ons to Get in Mumbai

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 and Perform Car Insurance Renewals in Mumbai with Tata AIG

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.

How to File a Claim for Car Insurance in Mumbai

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.

Documents Needed for Car Insurance Claims in Mumbai

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)

Tata AIG Cashless Network Garages for Car Insurance in Mumbai

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.

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

How do I find car insurance near me?

How do I find car insurance near me?


The best and easiest method to find car insurance is to search through a search engine online based on your location. At Tata AIG, we offer online and offline services to access our products and benefits. Click here to find the nearest branch based on your location in Mumbai.

How to choose the best car insurance company?


You can decide on the best car insurance company for your car insurance needs by considering its claim settlement ratio, product offerings, add-on options, customer reviews, spread of cashless garages, ease of claim processes, and customer service and support.

What type of insurance is best for a car?


The best type of insurance for your car will depend on your usage, driving discipline, the probability of accidents in your driving zone, the value of your car, etc. If you are seeking complete coverage to include the repair expenses for your own car's damages and third-party liabilities, you can choose the comprehensive car insurance policy.

Should I opt for cashless/reimbursement claim settlement?


You can choose either cashless or reimbursement mode of claim settlement. If you prefer not to worry about paying bills when your car goes for repair, you can choose the cashless mode. If you are not in a hurry to receive your settlement amount, you can select reimbursement.

Which is the lowest price of car insurance?


The car insurance price depends upon the Insured Declared Value (IDV) of the car, along with a few other factors, such as age, make and model, engine cubic capacity, type of car insurance policy, etc. You can check the exact cost of the car insurance premium with Tata AIG's online car insurance premium calculator. With customisable policies, we are sure you will find a suitable and affordable car insurance plan with Tata AIG.

For how long can I get a car insurance policy?


You can get Tata AIG car insurance online every year or for 2-3 years at a go.

What is the Return-to-Invoice Cover?


The Return to Invoice is an add-on that covers the difference due to depreciation between the purchase price and the compensation amount. It also applies to a new car with the same make and model and the difference that exists between the claim amount and the purchase price. Further, it can cover the road tax and the registration charges that you have paid. References