Hybrid Car Insurance

Hybrid car insurance is a type of insurance for hybrid four-wheelers, which are a combination of fuel and electric engines. Similar to regular car insurance, this type of insurance also offers financial security to hybrid car owners against unforeseen damages occurring as a result of accident or damage.

One can opt for third-party insurance, which protects the policyholder against third-party damages, or comprehensive insurance, which provides third-party as well as own damage cover. It is crucial to choose the best car insurance for your hybrid car to ensure broader coverage and enhanced protection.

Here are some features of the best car insurance:

Features of Best Car Insurance for Hybrid Cars

Wide Coverage

The best car insurance for hybrid cars offers coverage against a plethora of events that may damage the vehicle. It includes coverage against natural calamities, accidents, theft, fire damage, third-party liability, repair and replacement and so on.

Affordable Premiums

The premiums of the best insurance plans are affordable and suit the budget of the policyholder. At an affordable cost, you can get optimum coverage that protects you against various events that may damage the car.

Simple Claim Process

The best car insurance offers a simple and quick claim process that can be completed in minimum time. It also provides a cashless claim process that can be done conveniently at the nearest network garage.

Also Read: Hybrid Cars Vs Electric Cars

Protects the Insured Vehicle

If your car suffers damage due to accident, theft, natural calamity, etc., a hybrid car insurance policy provides financial assistance to repair the damage and replace the irreparable parts as per the policy terms.

Third-Party Liability Cover

Whether you opt for third-party or comprehensive insurance, you get protection against third-party liability. The insurance company shall compensate the third party for damage to their car, property or life caused by your vehicle.

Helps You to Fulfil Legal Obligation

Since third-party insurance is a mandatory requirement as per the Motor Vehicles Act, hybrid car insurance assists you in fulfilling the obligation. Driving without valid car insurance is punishable under the Motor Vehicles Act, which can be avoided if you buy insurance for your hybrid car.

Insurance Rates for Hybrid Cars

As per the regulations of the IRDAI, there is a hybrid car insurance discount of 7.5% if one purchases third-party insurance for their hybrid car. Therefore, if you own a hybrid vehicle, you can save a considerable amount on insurance premiums for your car.

Include Add-On Covers

When you opt for a comprehensive car insurance policy, you have the freedom to choose from multiple add-on covers. These add-ons enhance the scope of your coverage and improve vehicle protection. For instance, you can select the roadside allowance, tyre protection cover, key replacement, no-claim bonus, depreciation cover and so on.

Note: It is essential to mention that there is no engine protection add-on available for hybrid cars.

Availability of Network Garages

In case your car gets damaged in an accident, the insurance policy will cover the repair and replacement expenses. Insurance companies have tie-ups with garages across the city, which provide all the necessary repair services. These garages are professional and reliable, saving you from the hassle of hunting for a trustworthy garage.

Personal Accident Cover

Personal accident cover in car insurance is among the biggest advantages. It offers financial assistance if the driver suffers physical injuries or his death occurs in an accident. Personal accident cover brings peace of mind and saves one from a sudden financial burden.

Before you buy insurance for your hybrid car, you must be aware of the inclusions and exclusions of the policy. Inclusions are the risks that the insurance policy covers and exclusions are the risks that are not covered by the insurance policy.

Inclusions

• The inclusions of motor insurance include the following:

• Damage due to natural disasters such as lighting, cyclones, floods, landslides, etc.

• Damage or loss as a result of manmade calamities such as terrorist activities, vandalism, riots, etc.

• Vehicle theft

• Damage due to fire, explosion and so on.

• Loss occurring due to accidents

• Damage to third-party vehicles, property or life.

Exclusions

• Damage or loss due to driving in an intoxicated state.

• Driving without a driving licence.

• Any claim made against a lapsed or expired policy.

• Loss due to natural wear and tear of the vehicle.

• Any mechanical fault or damage

• Damage or loss of tyre and tubes

Buying the best car insurance for hybrid cars is a crucial decision which requires careful thinking and consideration. Here are some factors that you must consider when purchasing motor insurance as they help you pick the best one:

Your Requirements

Understanding your requirements is the foremost thing to consider before buying an insurance plan. You need not be an expert to do this. For instance, if you live in a flood-prone area or your vicinity has many car theft instances, you must opt for an insurance plan that will cover the risk.

Policy Premium

The policy premium is an amount that you must pay every year to keep the policy in force. Hence, it is advisable to look for a plan whose premium does not overshoot your budget. You can compare various hybrid car insurance plans online and choose one that matches your budget.

Extent of Coverage

Consider the coverage that an insurance plan will provide to your vehicle. It is wise to opt for a comprehensive plan that offers all-around coverage rather than just a basic cover that meets the legal requirements.

Add-On Covers

Consider the add-on covers that the plan allows you to add to your insurance. It is also essential to act wisely when including the add-on cars as they come with an additional charge. Choose the necessary add-ons so you can enhance the coverage while staying within the budget.

Also Read: Guide to Add-On Covers

Cashless Repair Facility

A cashless facility is one where the repair expenses are paid by the insurance company to the network garage directly. It makes the claim settlement procedure simple and less time-consuming. Besides, it also allows you to get the vehicle repaired from professional mechanics.

Company Reputation and Reviews

Falling for lucrative insurance claims online can be dangerous. Hence, it is advisable to find out about the insurance company's reputation. One can use the online tool to gather information from genuine customers and read their reviews to find out about their experience.

Claim Settlement Ratio

The claim settlement ratio is the number of times the insurance company honours or pays out the customers when they make a claim. It is very crucial to consider the claim settlement ratio of an insurance provider as it determines the chances of you receiving the claim amount.

Hybrid car insurance is as crucial as regular car insurance and is a mandatory requirement in India. If you own a hybrid car, the points mentioned above will help you understand car insurance advantages, features and factors to consider, allowing you to make the right decision.

To get the best insurance for a hybrid car, you must rely on renowned insurance providers such as Tata AIG. We offer affordable and wide coverage insurance plans to ensure your security. With our comprehensive insurance plans, you get easy car insurance renewal, a simple purchase process, broader coverage, add-on options and much more.

We also offer a cashless garage facility with a nationwide network of garages. You can add add-ons such as zero-dep insurance, which prevents depreciation loss at the time of claim settlement.

Our hybrid car insurance is specifically curated to provide maximum protection to you and your vehicle.