Car Insurance in Salem

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Car Insurance in Salem

Salem is a charming city in Tamil Nadu surrounded by picturesque landscapes. It is the fifth largest city in the state, with a population of 11,77,000 as of 2024. A significant textile hub, Salem has several mills and factories.

As Salem provides promising employment opportunities due to the expanding textile industry, the population in the city is rising. The number of private and public vehicles in Salem are also significantly rising to meet the commuting needs of the residents of the city.

With the increasing traffic on the roads, the chances of road-related mishappening also increase. Therefore, every vehicle owner must have bike or car insurance in Salem to stay safe while travelling through this city!

Are you a car owner in Salem, or planning to buy a four-wheeler soon in the city? Let us tell you all about the best car insurance in Salem and how Tata AIG can safeguard you on the road.

Why Do You Need Car Insurance in Salem?

Salem is known as the hub for education and health care and also provides numerous employment opportunities. These factors have led to an increase in the population and traffic in Salem.

According to government statistics, Salem witnessed 1615 accidents as of June 2023. The primary causes of accidents were overspeeding, aggressive driving, jumping traffic lights, etc. It is essential to have a car insurance policy to safeguard yourself from accidents.

Third-party insurance is mandatory as per the rules of the Motor Vehicles Act 1988. Once you have comprehensive car insurance you can safely drive around in Salem.

Tata AIG Car Insurance Policy in Salem: Key Features and Advantages

Premium Price Tata AIG’s affordable premium starts at ₹2094. We offer up to 75% discount on buying insurance online
Settlement Record Settlement ratio of 99% in the FY 2022-2023
Cashless Claim Facility Choose from 7500+ network garages for cashless car repairs.
Claim Assistance Smooth and hassle-free claim procedure under the assistance of 650 claim experts
No Claim Bonus  Get up to 50% off on premiums
Comprehensive coverage It covers damages of the policyholder as well as the third party. It also includes personal accidents.
Own Damage Policy Coverage for own damage due to accidents, man-made or natural disasters, theft, vandalism, etc.
Online Processes Buy and renew insurance in a few easy steps
Add-ons 12 add-ons to include in your policy
Third-party coverage Covers third-party damage or loss of vehicle, life, or property

Types of Car Insurance in Salem

To choose the best car insurance, you must know the various types of Tata AIG car insurance in Salem. The knowledge of the benefits and features of different car insurance will assist you in buying the right policy.

Third-Party Car Insurance Policy

Third-party car insurance is a statutory requirement all over India under the law of the Motor Vehicles Act 1988. This type of car insurance protects you against damages caused to third-party life, property, and vehicle.

Pros

The premium of this type of insurance is affordable

The policyholder gets financial assistance in case of damage to third-party

Cons

The policyholder is at risk

Ideal For

It is a must-have for new drivers

Those with low-value or old cars must have this policy

Standalone Own Damage Cover

Own damage cover is a type of car insurance policy in Salem that protects the policyholder’s vehicle from all kinds of damage. This insurance only covers the insured and no third party.

Pros

Protects the vehicle against loss due to theft, accident, man-made or natural disaster, etc.

It allows you to include add-ons for additional coverage.

Cons

Any damage to a third party is not covered

Ideal For

Drivers already having third-party car insurance

Individuals living in risky areas

Comprehensive Insurance

This is a broad coverage insurance policy. It protects the insured against damage to self, own vehicle and third party in case of any loss or damage.

Pros

You can add various add-ons for more coverage

It provides extensive coverage and covers losses due to thefts, natural and man-made disasters, etc.

Cons

The premium rates are high due to the extensive coverage

There are certain policy exclusions

Ideal For

People looking for extensive coverage for their new/expensive car

People living in high-risk areas

Comparison of Car Insurance in Salem: Comprehensive vs Third Party Plans

Features Third-Party Car Insurance Comprehensive Car Insurance
Type of Coverage It covers the damage to third-party life, property, or vehicle by the policyholder. It provides for the damage of policyholders as well as third parties.
Premium Cost The premium cost is affordable as it only covers third-party liability Premium cost is high as the coverage is wide
Legal Requirement As per the laws of the Motor Vehicles Act, third-party insurance is compulsory There is no legal requirement to have a comprehensive insurance
Premium Calculation Method The premium is decided based on the engine’s cubic capacity Factors like IDV, make and model of the car, etc., are used to calculate the premium
Add-ons Limited or no option to include add-ons You can include add-ons like roadside assistance, depreciation cover, engine protection, etc., at additional costs
Policy Features Comprehensive Plan Third-Party Plan
Premium amount Since it provides the broadest coverage, the premium is high Since only third-party loss is covered, the premium is low
Insurance Coverage Protects the insured as well as the third-party Protects only the third-party
Legal Requirement There is no mandatory requirement under any law It is mandatorily required under the Motor Vehicles Act
Add-on Inclusion Insured can opt for various add-ons like engine secure, roadside assistance, zero depreciation, etc. There is no option for including any add-ons.
Premium Calculation The IDV, make and model of the car, etc., are considered while deciding the premium. The engine’s cubic capacity is considered for calculating the premium.
Rates The insurance companies fix the rates based on the terms and conditions of the policy. The IRDAI is authorised to fix the rates.
Sufficiency This insurance is sufficient as it covers the insured and the third-party It may not be sufficient as the policyholder is exposed to risk

What is the Car Insurance Rate in Salem?

Knowing the car insurance price in Salem helps you buy a beneficial policy with an affordable premium. Here are some factors that play a crucial role in deciding the premium rate:

Your Location- The geographical location of the policyholder and the vehicle in question determines the premium rate. For instance, premium rates in urban areas are higher as the vehicles here are more prone to damage due to heavy traffic.

IDV- Insured Declared Value is IDV’s full form. It is the current value of the car after deducting depreciation. The premium for used vehicles is based on their value after depreciation.

Driver’s Record- Insurance companies also consider the driver's record to determine the premium of vehicle insurance. Companies consider drivers with poor driving records, fines, and violation charges hazardous. In such cases, the premium may be higher, or the application may be rejected.

The Car- Details of the car, like the model, make, and variants, are also considered for deciding the premium. Sports cars or luxury cars are charged with a higher insurance premium as compared to regular cars.

The Type of Insurance- The premium amount also depends on the type of insurance you want to buy. A comprehensive coverage policy has a higher premium, while a third-party or own damage cover has a lower premium rate.

Add-ons for Best Car Insurance in Salem

Add-ons allow you to enhance the scope of your coverage and efficiently meet your unique insurance requirements. Tata AIG offers its policyholders 12 add-ons.

  • Key replacement

  • Engine protection

  • Zero depreciation

  • Roadside assistance

  • No claim bonus protection

  • Emergency expenses

  • Daily allowance

  • Return to invoice cover

  • Consumable expenditure

  • Repair of glass or fibre parts

  • Tyre cover

  • Loss of personal belongings

  • The daily allowance add-on is provided when the car takes longer to repair. This add-on covers the insured's travel expenses. Similarly, if you have an accident while on a journey, the emergency expenses cover your hotel or travel expenses.

  • Under the no-claim bonus protection add-on, the insured can make one claim without affecting the NCB reward.

  • The policyholder can protect the engine with the engine protection add-on. It provides the expenses incurred if the engine becomes faulty due to an oil spill, water ingestion, etc. Under the zero depreciation add-on, the insured can cover the loss due to the vehicle's depreciation.

  • By adding the correct add-on from the list above, you can enhance the benefit of Tata AIG car insurance in Salem.

The Process of Buying & Renewing Car Insurance in Salem with Tata AIG

Buying the best car insurance in Salem with Tata AIG can be done in a few simple steps mentioned below:

Buying a Car Insurance

Head to the website of Tata AIG.

Under the ‘Car’ tab, enter the vehicle number and click ‘Get Price.’

On the next page, fill up the personal details as well as vehicle information.

Choose the policy you want to buy

As per the policy you choose, we shall quote a price.

If you are happy with the pricing, you can make the payment.

Car Insurance Renewal Salem**

Car insurance is valid for one year, after which you must renew it. If you already have car insurance and want to renew it, follow these steps.

Open the Tata AIG website.

Select the ‘Car’ tab on the page.

Enter the vehicle registration number and click ‘Renew Existing Tata AIG Policy.’

Select the policy you want to renew.

You will receive a quote from us immediately,

If the quote is agreeable, you can make the payment online.

How to File a Car Insurance Claim in Salem

In case you have met with an unfortunate incident, you can raise a claim with Tata AIG in two ways: Reimbursement or Cashless. Here are the steps to claim using any of the methods:

Reimbursement Claim

The first method to make a claim is the reimbursement method. Under this method, the insured first pays the expenses of car repair and then gets a reimbursement from us. To make a reimbursement claim for your Tata AIG car insurance, follow these steps:

Call us at 1800- 266-7780 and register a claim. Alternatively, you can visit our claim support page and provide the details.

Choose the reimbursement claim method.

Next, you must submit documents like FIR, policy documents, ID proof, etc.

Preserve the invoice and bills to get a complete reimbursement from us.

Cashless Claim

When you choose the cashless claim method, we pay for all the expenses as per the sum assured directly to the cashless network garage.

First, you must register a claim with us by calling 1800- 266-7780 or visiting the claim support page.

Fill out the self-inspection form sent to you and answer the questions regarding vehicle damage.

A surveyor from our end will also visit to inspect the car.

Choose the cashless claim method.

Submit the documents

After the claim is registered and accepted, you can take your car to one of our cashless network garages for repair.

Documents for Car Insurance Claim in Salem

Claim form (signed and filled out)

Copy of driver’s licence

Copy of policy documents

FIR in case of an accident

Original car keys

NOC and Form 35 (for car on loan)

Approximate bill and cost of repair

Copy of registration certificate

For third-party liabilities, a copy of the legal notice

No trace report from the police (in case of theft)

Transfer papers from RTO, Form 28, 29, 30

Tata AIG Cashless Network Garages for Car Insurance in Salem

If you are looking for car insurance near me with a cashless claim facility, you must look for an insurance company that has a vast network of garages in your city. Tata AIG has an extensive network of garages to provide hassle-free cashless claims.

Insurance companies tie up with network garages, so they provide policyholders with free repair facilities. If you make a cashless claim, Tata AIG bears the cost of repair. A cashless claim facility makes the entire repair and insurance claim process cashless and convenient for the policyholder.

However, network garages may not be available in all the cities. Therefore, before you buy insurance, it is vital to check the list of network garages in your city.

Disclaimer / TnC

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

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Consumables are those parts of the car that need to be replaced or serviced regularly due to wear and tear. It includes engine oil, lubricants, nuts, bolts, etc. Consumable expenses are not included in insurance. Hence, you can buy them as an add-on.

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You can get a discount on insurance premiums in the following ways: Install anti-theft device Drive safely to earn no claim bonus Join an automobile association Pay for small claims

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A comprehensive car insurance policy is suitable for second-hand cars as it covers third-party damage as well as the owner's damage.

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