Car Insurance in Punjab

• The number of road accidents reported in Punjab has increased from 5203 in 2020 to 6063 in 2024, according to the Ministry of Road Transport and Highways.
• Vehicle overloading, excessive speeding and non-compliance with seatbelt and helmet laws are the leading causes of accidents on Punjab’s roads.
• Most of the road accidents happen on national highways and municipal corporation roads, where most vehicles are driven regularly.
• There are many accident-prone hotspots throughout the state. Most accidents happen in these spots during the night when traffic enforcement is comparatively lax compared to the rest of the day.

While the Punjab Government has taken several steps to combat road safety issues, accidents and third-party liabilities continue to be major hazards to vehicle owners. To safeguard against the cost of repairs, replacement and liabilities, getting car insurance in Punjab is the best way to stay financially protected. It covers a wide range of risks, including accidents, theft, natural disasters, and third-party liability.

Mandatory Legal Requirement

First and foremost, having third-party car insurance is mandatory under Indian law. Anyone caught driving without a valid third-party plan and insurance certificate can be caught by Punjab’s traffic authorities and face fines, vehicle seizures and other penalties. Having four-wheeler insurance in Punjab lets you avoid such troubles.

Cashless Repairs at Many Garages

With a car insurance plan, you can get access to a network of garages that have partnered with the insurance company to provide cashless repairs. This lets you get your car repaired without paying anything from your pocket. At TATA AIG, we have an extensive network of 5700+ cashless garages across India, including brand service centres in Punjab.

Trusted Insurer Under the TATA Group

When it comes to choosing an insurance partner, you will want a name that you can trust. As part of the TATA Group, we share the legacy and heritage of one of India’s most reputable brands. We have built a long track record of providing reliable insurance services for over 25 years, ensuring to always fulfil our promises.

24/7 Roadside Assistance

With TATA AIG’s Punjab car insurance plans, you can get 24x7 Roadside Assistance anywhere in the state. Whether your vehicle suffers a sudden breakdown, runs out of fuel or gets a flat tyre, our team will be there to assist you on the spot. Our roadside repair and breakdown services include on-spot repairs, battery replacement, tyre repairs, towing services, and more.

Third-Party Car Insurance

Third-party car insurance fulfils the basic legal requirements of the Motor Vehicles Act 1988. It covers financial losses suffered due to damage to third-party property, person, or car. TATA AIG’s Third Party Car Insurance covers legal liabilities, property damage, legal costs and legal representation in a court. We also offer attractive discounts and personal accident cover with these plans.

View Third-Party Car Insurance Plans

Comprehensive Car Insurance

Comprehensive car insurance protects the insured vehicle against third-party liabilities and own damages due to unforeseen events like accidents, theft, fire, etc. TATA AIG’s Comprehensive Insurance Plan provides complete risk protection, including own damage coverage, third-party coverage and personal accident coverage, at an affordable price. You can also select 20+ add-ons to further enhance your plan.

View Comprehensive Car Insurance Plans

Standalone Own Damage Car Insurance

This policy provides coverage for the cost of repairs to your car. It includes the damages caused by collisions, theft, housebreaking, burglary, fire, natural calamities, total loss, etc. Our Standalone Own Damage Insurance plan provides complete risk protection, personalisation via add-ons, affordable premiums, attractive discounts and access to 5700+ cashless garages.

View Standalone Own-Damage Car Insurance Plans

Punjab Car Insurance Inclusions

• Accidents: Covers damages and total loss from an accident
• Natural Disasters: Coverage for floods, cyclones, hurricanes, typhoons, earthquakes, landslides, rockslides, and other natural calamities
• Manmade Disasters: Coverage for riots, strikes, acts of terrorism, and other malicious activities
• Fire: Covers damage from natural or manmade fire, explosions, self-ignitions and lightning
• Theft: Complete loss or damage from theft, burglary or housebreaking
• Transit Damages: Coverage for damages due to transportation via air, road, rail, inland waterways, lifts and elevators
• Personal Accident Cover: Fixed compensation for the driver-owner’s death or permanent disability
• Third-Party Liability: Coverage for third-party injuries, property damage and death

Punjab Car Insurance Exclusions

• Illegal Practices: Driving without a valid driver’s licence, under the influence of alcohol or drugs or carrying out illegal activities.
• Outside the Scope: Driving outside India or using a private vehicle for commercial purposes
• Wear and Tear: Regular wear and tear, depreciation, electrical and mechanical breakdowns and routine maintenance
• Extraordinary Events: Damages or losses from war, war-like situations and nuclear risks

Disclaimer: The above lists are not exhaustive and are subject to terms and conditions. Read the Policy Wording document for more details.

1. Roadside Assistance: This add-on offers 24/7 breakdown assistance to you and your car if it breaks down at a remote location with no support nearby.

2. Daily Allowance Plus: With the Daily Allowance Plus, you are compensated for your commute while your car is getting repaired at the garage. You receive the allowance for 10 to 15 days, depending on the cause of your claim.

3. No Claim Bonus Protection: One of the best add-ons is NCB Protection Cover. It allows you to file a single claim during the policy year and still avail of the NCB discount.

4. Zero Depreciation: The Zero Depreciation Add-On (also called Depreciation Reimbursement) ensures that you are reimbursed for the deducted cost of depreciation on your car’s parts.

5. Vehicle Loan Protector: The Vehicle Loan Protector covers the cost of the outstanding loan on the insured vehicle, excluding late payment and prepayment charges. The cover activates in the event of the owner-driver’s death or permanent disability.

6. Tyre Secure: The Tyre Secure Add-On excludes normal wear and tear, but covers repair and replacement costs for major damage to tyres and tubes. It covers up to 4 replacements over the policy term.

7. Consumable Expenses: This add-on covers the cost of nuts, bolts, screws, distilled water, grease, engine oil, gearbox oil, and air conditioning gas. It covers minor expenses during a larger claim involving major repairs.

8. Additional Towing Charges: The Towing Charges Add-On covers towing expenses needed to take your car to the nearest garage or service station. This ensures you don’t have to pay out-of- pocket expenses.

9. Return to Invoice Cover: The Return to Invoice Cover reimburses the full invoice value of your vehicle if it’s stolen or irreparably damaged. It covers road taxes, registration costs, insurance premiums, bi-fuel kits and car accessories.

10. Electric Surge Secure: This add-on provides complete protection for electric vehicles, including their batteries and charging equipment. It covers electrical damage, including short-circuiting, arcing and electricity leakage.

11. Engine Secure: The Engine Secure Cover protects engine parts, gearbox and differential assembly from damage caused by water ingress or oil leakage. It also pays for consumables like engine oil and lubricants.

12. Loss of Personal Belongings: This add-on covers the cost of clothing and personal items lost or damaged due to an accident. It excludes valuable items, including cash, credit cards, jewellery, watches and paintings.

13. Key Replacement: The Key Replacement Add-On covers the cost of replacing new car keys, locks, and labour charges if they are stolen, lost or damaged due to a break-in.

14. Misfuelling Cover: This add-on covers the cost of flushing, cleaning and repairing your car’s fuel system in case you accidentally fill in the wrong fuel. It also offers up to ₹2,000 in fuel cost reimbursement.

15. Emergency Medical Expenses: it covers hospital bills, ambulance charges and other medical expenses caused by accidents when using the insured vehicle. It provides financial support to both the driver and passengers.

16. Reinstate Cover: Sometimes, minor damages go unreported and unrepaired. The Reinstate Cover pays for minor damage to car panels alongside a larger claim.

17. Emergency Transport and Hotel Expenses: This add-on pays for overnight accommodation and taxi expenses to return to the nearest city or your residence. It activates when your car is damaged due to an accident, and you raise a claim.

18. Additional Third-Party Property Damage: Sometimes, third-party insurance plans aren’t enough, as they have a limit of ₹7.5 lakhs. The Additional Third-Party Add-On covers all additional costs arising out of third-party liabilities.

19. Repair of Glass, Fibre, Plastic and Rubber Parts: This add-on covers the cost of minor part replacements during repairs at authorised service centres. If this is your only claim in a year, you retain your No-Claim Bonus.

20. Depreciation Allowance- Battery Cover: With this add-on, you are compensated for the full cost of replacing car batteries due to an accident. This cover is especially useful for electric vehicles.

Access to Cashless Garage Network

Settling a car insurance claim with TATA AIG is very easy. We have an extensive network of more than 5700 cashless garages across the country, with many top-rated garages and authorised service centres in Punjab. You can file an online cashless claim and get your car repaired at the nearest garage.

Savings on Purchases and Renewals

You can get substantial savings when you renew or buy car insurance from TATA AIG. We offer affordable premiums and discounts as high as 85% on online purchases and renewals. We also offer a No-Claim Bonus of up to 50% for five claim-free years. All of these can add up to a substantial discount.

Complete Risk Protection

With the best car insurance in Punjab, you can enjoy stress-free driving as it covers all possible risks. Our comprehensive plan covers accidents, thefts, natural disasters, manmade disasters, and transit damages. It also covers injuries, death and property damage caused by your vehicle and personal accident benefit for your loved ones.

User-Friendly Platform

We ensure to provide a user-friendly portal where you can easily make purchases, compare different car insurance plans and customise add-ons. It takes just a few simple steps to buy or renew car insurance plans on our portal, and no complex paperwork is involved in the process. Filing online claims is just as easy.

Wide Variety of Add-Ons

At TATA AIG, we offer a wide variety of 20+ add-ons, including Zero Depreciation Cover, Engine Secure, Vehicle Loan Protector and more. You can customise add-ons and check their individual costs before you buy car insurance Punjab. You can also choose different IDV (Insured Declared Value) or policy tenures.

Step 1: Go to the top of this page. Then, click on ‘Car Insurance’ under the ‘Personal’ menu.

Step 2: Enter your vehicle’s registration number and click on ‘Get Price.’

Step 3: Fill out the required details as prompted on the screen.

Step 4: Select the policy coverage. Pick any add-ons you’d like to include in your policy.

Step 5: On the next screen, you will see a quote showing the car insurance price in Punjab for TATA AIG plans. Pay the premium online if it fits your budget.

You will receive a copy of your new car insurance at your registered email address within minutes of successful payment completion.

Buy Car Insurance Punjab

• Prevents Premium Hikes: Renewing your four-wheeler insurance is more expensive after it lapses, due to loss of NCB benefits and costs of vehicle inspection.
• Retains Continuous Coverage: When you renew car insurance in Punjab on time, you get continued coverage without breaks and stay protected at all times.
• Abides by Motor Laws: As per the Motor Vehicles Act, you need to have valid third-party insurance coverage to drive on public roads.
• Stops Large Financial Liabilities: Causing third-party injuries or property damage can result in massive financial liabilities. A timely renewal helps cover that.
• Ensures Hassle-free Processes: A late renewal can be bothersome and time-consuming, as it requires the reverification and vehicle inspections.

Step 1: Go to the top of this page. Then, click on ‘Car’ under the ‘Renewal’ menu.

Step 2: Enter the vehicle’s registration number and click on ‘Renew.’

Step 3: Check the updated car insurance price in Punjab based on your car’s value and NCB. Fill out the details requested and choose from the list of add-ons.

Step 4: You will see the premium for TATA AIG’s Car Insurance Renewal in Punjab. Pay the premium online, and your policy will be renewed.

Renew Car Insurance Now

Cashless Claims

Step 1: Inform TATA about the accident, theft, or damage to the car. You can visit the TATA AIG website and sign in, or directly go to the online claims portal to file your cashless claim.

Step 2: Register the claim by filling out a claim form with details such as name, contact details, policy number, etc.

Step 3: Complete the self-inspection process by uploading photos or videos of your damaged car.

Step 4: Next, TATA AIG will assign a car inspector or surveyor to assess the damages endured by your car.

Step 5: Once all information is verified and deemed satisfactory, a visit to one of the network garages will be scheduled. Take your car to the garage to get your scheduled repair.

After the repairs are completed, we will clear your bills within policy limits, and you can bring your car back.

Reimbursement Claims

Step 1: Get your vehicle repaired from a garage of your choice and keep copies of all the bills.

Step 2: Fill out the reimbursement claim form via our official website, claims portal or toll-free helpline (022 6489 8282).

Step 3: Upload the required documents, including policy document, registration certificate, driver’s licence and repair invoices, to register your claim.

Step 4: A surveyor will examine everything to confirm your liability. You will receive the compensation amount in your bank account once the claim is verified and approved.

• Duly filled and signed claim form
• A copy of the vehicle’s registration certificate (RC)
• A copy of the driver’s licence
• A copy of the First Information Report (FIR) in case of theft, accident, etc.
• A copy of the car insurance policy document
• Repair bills and payment receipts for reimbursement claims
• Photographs of the damaged vehicle (if applicable)
• The vehicle’s original keys and RTO cancellation in case of a total loss
• NOC from the lender if there is an active car loan
• Court summons, notice, and medical bills for third-party liabilities

Car insurance premium rates are determined by several factors, including your chosen policy terms, coverage options, car’s Insured Declared Value, age, condition and where it is registered. It also depends on your chosen policy. While third-party car insurance prices in Punjab are fixed across all insurance providers, Own Damage and comprehensive insurance rates are determined by the insurer.

As mentioned before, the car insurance price in Punjab depends on a lot of vehicle-related and location-related factors, as well as the policy terms. You can use an insurance premium calculator to get accurate cost estimates based on your selected terms and various cost factors.

Insured Declared Value (IDV)

This value refers to the car’s current market value after considering depreciation. If your car is damaged beyond repair or stolen, IDV is the maximum amount you are eligible to claim from the insurance plan. Car insurance premiums and IDV are directly proportional, which means a higher IDV leads to a higher premium.

Car’s Age

The car insurance premium is also dependent on the age of the car. The premium is higher for a new car compared to an older one. Your car’s IDV reduces due to depreciation each year, and so does the insurance premium.

Insurance Coverage

The scope of insurance coverage you get affects the insurance premium. If you opt for third-party car insurance, it will cover third- party liabilities only. Since the scope is limited, it will have a lower premium. A comprehensive insurance plan covers you, your car, and third parties and thus entails a higher premium.

Add-ons

When you opt for add-ons to enhance your policy coverage, your car insurance premium will also increase. The additional cover you receive varies for different add-ons. The premium, too, depends on the number and type of add-ons you choose.

Claims History

If a policyholder does not make any claims in a given year, they can enjoy the benefits of NCB in insurance. The amount for NCB continues to increase with each claim-free year. It is a progressive discount on the renewal premium.

Deductible

Deductibles refer to the portion of the claim amount the policyholder pays from their own pockets. A higher deductible results in a lower premium since the liability of the insurer is reduced.

Calculate Your Car Insurance Premium Instantly

• Compare Before Buying: Before you buy Car Insurance Punjab, ensure to compare each option based on features, benefits, available add-ons and costs.
• Get a Large Deductible: You can opt for a high voluntary deductible to lower your car insurance premium at the cost of more out-of-pocket payments.
• Renew Your Policy on Time: A timely renewal ensures that you keep your accumulated bonuses and eliminates additional costs like vehicle inspection charges.
• Maintain a Clean Driving Record: One of the easiest ways to get lower premiums is to maintain a clean driving record without any traffic violations or accidents.
• Install a Security System: You can also lower costs by fitting security systems and anti-theft devices certified by the Automobile Research Association of India (ARAI).
• Join an Automobile Association: Car owners who are members of recognised safety associations, such as AAI and WIAA, can avail special discounts.

Understand Your Needs

To choose the best car insurance in Punjab, you must first understand your budgetary and driving needs. Consider factors like driving-related risks in your city and the cost of your vehicle to find the right plan and coverage.

Choose a Reliable Insurer

If your car is damaged or lost, you will want complete assurance that your claim requests will be fulfilled. Therefore, you should choose an insurer with a good reputation, a high Claim Settlement Ratio (CSR), positive customer reviews and a low turnaround time for settling claims.

Check the Policy Terms

Make sure to go through the terms and conditions stated in the Policy Wording document to understand the limits of what’s covered in the plan. Since any insurance is a contract, you should go through the fine print and check the features, inclusions and exclusions in full detail.

Insured Declared Value Offered

Assess the Insured Declared Value (IDV) being offered by the insurance company and whether it fits your needs. If you have an expensive luxury car or want higher coverage to avoid out-of-pocket expenses, you can choose a higher IDV. A lower IDV lets you get lower premium costs.

Compare the Discounts

Insurance companies offer a range of discounts on car insurance premiums. Before you buy car insurance Punjab, compare all the discount offers, including the No Claim Bonus, discounts for online purchases, installing safety devices, etc. Check what bonuses you can accumulate by staying with the insurer for a long time, and choose the best valued plan.

Step 1: Click on the ‘My Policy’ button at the top of this page.

Step 2: Click on ‘Login’ and sign in using your registered mobile number and OTP or policy number.

Step 3: Go to the ‘Policy Download’ section and enter either your car registration number or existing policy number.

Step 4: Press the download button to save a PDF copy of your policy document.

TATA AIG has a network of over 5700 garages across India, offering cashless services. These are authorised garages and service centres where you can get vehicle repairs by raising cashless claims and get up to 100% coverage within policy limits. To search for the nearest garage, check our cashless garage page and enter your city’s name and your car’s make in the search bar.

However, please note that cashless benefits are available on comprehensive car insurance plans only. The feature is also limited to selected cities. You can consult with the TATA AIG customer support team regarding cashless network garages.