Tata Spacio Car Insurance

Many Tata Spacio vehicles are often used by taxi operators and fleet owners, which means the used vehicle you purchase may have a commercial registration history. This can be an issue if you plan to use the vehicle for personal purposes, as private car insurance cannot be issued for a commercially registered vehicle.  

• Transfer Window That Most Buyers Miss:

When you purchase a second-hand Tata Spacio, you must transfer the existing insurance policy into your name to avoid coverage issues. Third-party cover is generally transferred automatically, but own-damage (OD) cover must be transferred separately. Submit the transfer request along with the required documents within 14 days of the ownership transfer date. Failure to do so may result in the own-damage cover becoming ineffective.  

• What to Check Before Buying a Used Tata Spacio:

• Registration Type: Check the vehicle's registration type, age, and registration details on the Registration Certificate (RC).

• Permit and Fitness Certificate: Obtain copies of the permit and fitness certificate required for ownership transfer.

• State Regulations: Verify the applicable state regulations and age limits for converting a commercial vehicle into a private vehicle.

• Road Tax: Ensure all applicable road taxes have been paid and there are no pending liabilities.

• Condition and IDV: A high-mileage, ex-fleet Tata Spacio may have a lower market value and Insured Declared Value (IDV) than a privately owned vehicle in similar condition.

• No Claim Bonus: The No Claim Bonus (NCB) belongs to the policyholder rather than the vehicle. Eligible NCB benefits can be transferred to the insurance policy of the used vehicle.

• Insurance for a Tata Spacio Converted to Private Use:

To obtain private Tata Spacio insurance for a vehicle previously registered as a commercial vehicle, you must change the ownership category while transferring the Registration Certificate (RC) at your local Regional Transport Office (RTO). You can also apply for ownership transfer through the Parivahan Portal along with documents such as the old RC, permit, fitness certificate, and other required records.  

• Applying for a Private Policy on a Commercial Vehicle Risks Rejection:

Your application for private Tata Spacio insurance may be rejected if the vehicle continues to have a commercial registration. Ensure the vehicle has been legally re-registered as a private vehicle and that the updated RC has been issued before applying for private car insurance.

• How to Buy:

• Open the mobile app or scroll to the top of this page. Enter your Tata Spacio registration number and click on "Get Price".

• Provide your vehicle and personal details as prompted on the screen.

• Select the policy type and policy tenure, and set the Insured Declared Value (IDV) as required.

• Pay the applicable premium online through UPI, credit card, debit card, net banking, or EMI.

• Receive your policy document instantly at your registered email address.

• Tip: Our buying and renewal process for used car insurance is the same as for new cars. Regardless of your Tata Spacio's age, you can get suitable insurance coverage from TATA AIG.

• How to Renew:

• Scroll to the top of this page or open our mobile app. Click on "Renew your existing TATA AIG policy".

• Enter your Tata Spacio registration number or existing policy number.

• Review your renewal premium and accumulated No Claim Bonus (NCB).

• Update your car insurance coverage or Insured Declared Value (IDV) if required.

• Pay the renewal premium online. Complete the renewal within the 90-day grace period to avoid a policy lapse.

• Important Note: A vehicle inspection may be required to renew an expired or lapsed policy. Inspection may also be necessary when purchasing or renewing insurance for a used vehicle.

  Get a specialised insurance plan for your Tata Spacio with just a few clicks

• Third-Party Coverage is a Legal Requirement: The Motor Vehicles Act, 1988, makes third-party insurance mandatory for every vehicle on public roads in the country. If the traffic authorities catch you driving an uninsured Tata Spacio, you can face fines from ₹2000 to ₹4000, jail for up to 3 months or both.

  Getting third-party insurance covers both small fines and legal compensation you have to pay for causing injuries, fatalities or property damage.  

• Cashless Repairs Without Paying Upfront: Tata Motor offers an extensive network of 1600+ workshops covering 90% of the country’s districts. Most of these service centres are also a part of TATA AIG’s 6300+ garage network, ensuring you can get cashless repairs anywhere.

  Getting our online insurance for cars lets you access 24/7 customer support, pick-up and drop-off services and a dedicated claims handler to assist you.  

• Covers Fire, Natural & Man-Made Disasters: Driving your Tata Spacio across rural and semi-urban areas exposes you to the risk of heavy monsoon rains, landslides, and seasonal hurricanes. An engine fire caused by a fuel leak can cause irreparable damage to your Spacio, while falling tree branches can crack the windshield.

  Our Tata Spacio car insurance covers repairs, parts and the replacement of your vehicle up to the Insured Declared Value (IDV) with no salvage deductions or IDV negotiations during claim payouts.  

• Covers Theft & Total Loss: When your family and friends depend on you for transportation, the loss of your vehicle from accidents, fire or theft is a massive risk. Whether you have parked your Tata Spacio at home or by the roadside, your essential transport is vulnerable to theft. Rising cases of vehicle theft make Tata Spacio insurance necessary.

  Get our plans to cover replacement costs up to the Insured Declared Value, with flexibility to choose an insured value based on your insurance needs.

• Car Insurance Policies We Offer: Different policies serve different situations. Select the best Tata Spacio online insurance based on the car’s age, condition and your driving needs.

• What Policy Do I Buy?

• Important Note: When it comes to choosing the right insurance, consider how important your Tata Spacio is to you. If you can replace your Tata Spacio after theft or total loss, third-party coverage is right for you. Otherwise, get own damage insurance.

None of our car insurance add-on covers are available for the Tata Spacio. This is because the Tata Spacio was discontinued in 2011, which is beyond the scope of the add-ons. Our add-ons have a maximum age cap of 15 years for insured vehicles.   Fortunately, it’s not really bad news, as the usefulness of add-ons depends on your driving and financial requirements. While add-ons enhance what’s covered under standard car insurance plans, they are not necessary for a very old car like the Tata Spacio.   Standard Tata Spacio insurance plans cover most risks that can damage your MUV, including accidental damage, fire, burglary, floods, landslides, riots, vandalism, etc. An own damage car insurance covers loss and damage to your Tata Spacio while third-party car insurance covers your legal costs and losses due to causing injuries, fatalities or property damage to other persons.   For an old or second-hand Tata Spacio, the most important decision is whether to get comprehensive or third-party car insurance or whether to add an own damage cover if you already have third-party insurance. You also need to decide what Insured Declared Value to set for your car insurance.   Because you don’t have to worry about add-ons, the IDV is the most important decision and one that many owners get wrong. Ensure you don’t set an IDV amount too low for your old Spacio to get sufficient financial coverage or too high to avoid unnecessary premium costs.

The Insured Declared Value, or IDV, is your Tata Spacio’s current market value after accounting for depreciation due to ageing, wear and tear. It’s the maximum amount the insurer agrees to pay in the event of a total loss or theft.   For discontinued or obsolete models like the Tata Spacio, the IDV is determined through an agreement between the insurer and the policyholder. Here’s what you need to know to set the right IDV for your Tata Spacio:

• The Trade Off:

• The Part Old Car Owners Miss: Choosing the right IDV is the most important decision on a car with no add-on options. Many second-hand car owners simply select a low IDV to keep their Tata Spacio insurance price low. However, that creates the risk of insufficient payout.

  Your car is declared a constructive total loss (CTL) if its repair estimate is more than 75% of its IDV, in which case the insurer covers only your replacement cost. If your IDV is a low amount (e.g., ₹1.5 lakhs), a major damage that is entirely repairable can result in a write-off. A small payout (₹1.5 lakhs) covers neither repairs nor the cost of a new Tata Spacio.  

• What to Set on a Tata Spacio: The Insured Declared Value should ideally be close to the value at which your vehicle is currently sold in the market. Search for comparable examples (same model, fuel type and year of manufacture) in pre-owned online marketplaces or dealerships to find a realistic number. Ex-fleet Tata Spacios have lower IDVs than privately owned cars.
• The Mistake to Avoid: Avoid setting a low IDV just to shave a small fraction of your premium costs. Similarly, do not set an artificially inflated IDV, as the insurer will only cover replacement cost up to the actual selling price of your Tata Spacio variant.
• Important: At TATA AIG, we do not negotiate on IDV at the time of claim settlement. We pay the exact figure mentioned in your policy documents.

The type of insurance plan you select affects the price you pay. The premium for a bundled or comprehensive plan consists of two components: a fixed third-party component and a variable own damage premium component.  

• The Fixed Part: Third-Party Premium: The IRDAI sets the same set of third-party insurance premium rates across all insurance providers. The rate is fixed and dependent on your Tata Spacio’s engine capacity:

• The Variable Part: Own Damage Premium: Tata Spacio insurance premium for own damage plans is variable and depends on a wide range of factors, which include the following:

• What Can You Do About It?:

• Install Security Devices: Fitting certified security devices such as car alarms and vehicle immobilisers lets you get special premium discounts.

• Preserve Your No Claim Bonus: Avoid filing frequent minor claims to preserve your accumulated renewal discount.

• Select a Voluntary Deductible: By choosing to pay a higher deductible at the time of filing a claim, you can get lower premiums.

• What’s Covered:

• What’s Not Covered:

• Normal Wear and Tear: The Tata Spacio insurance doesn’t cover natural wear and tear, depreciation and ageing-related damage.

• Mechanical or Electrical Breakdown: It doesn’t cover mechanical failures and breakages like engine breakdowns or gearbox failure caused by ageing or regular usage.

• Accessories & Modification After Purchase: Accessories and modifications to your Tata Spacio added after purchase are not automatically covered. However, you can declare them and add them to your policy via a car insurance endorsement.

• Loss or Damage Outside of India: Policy coverage is restricted to a geographical boundary, i.e., Indian borders. Damage or loss outside the country’s borders is not covered.

• Breaches of Law & Policy Violations: Any loss or damage caused by irresponsible driving behaviour, violating traffic laws or committing illegal acts is not covered.

• Consequential loss: Our plans do not cover secondary and indirect damage or loss resulting from another incident. Water entering the car engine resulting in hydrostatic lock after starting is a classic example of a consequential loss.

• How to File a Cashless Claim:
• Step 1: Ensure your safety, take photos and videos for evidence and inform us via our customer support (022-6489-8282), email (general.claims@tataaig.com) or WhatsApp number (9136160375).
• Step 2: File your claim on your claim website or mobile app. Provide the necessary details, including your policy number, Tata Spacio registration number, date, time and location of the incident, etc. You will be assigned a dedicated claim handler.
• Step 3: Find a Tata authorised network garage near your location using our Garage Locator tool. Use our pick-up or drop-off service or drive your Tata Spacio to one of our network garages.
• Step 4: We will appoint a surveyor to assess the damage and make the repair estimate. Do not start any repairs until your survey is completed.
• Step 5: We will settle all eligible expenses other than deductibles and non-covered expenses directly with our network garage. If genuine parts are not available, we may offer a total loss settlement.
• How to File a Reimbursement Claim:
• Step 1: Ensure your safety and collect required evidence. Then, notify us and register your claim via our registered channels, including our 24/7 helpline, email, WhatsApp, claims page or mobile app.
• Step 2: We will appoint a surveyor to assess damages to your Tata Spacio. Do not begin any repairs until the survey/assessment is completed.
• Step 3: After getting approval, take your Tata Spacio to any authorised garage. Pay your repair bills and collect all important documents, including invoices and payment receipts.
• Step 4: Submit the necessary documents, including repair estimates, invoices, receipts, etc., and any additional documents as requested. Refer to our list for seamless submission.
• Step 5: After verifying your claim, we will pay the approved amount within 7 days of receiving the last necessary document.

• Vehicle Registration Certificate: Copy of your Tata Spacio registration certificate (RC)
• Driving Licence: Driving licence of the person driving your Tata Spacio at the time of the incident
• Identity and Address Proof: Government-issued ID
• Claim Form: Duly filed and signed claim application form
• Policy Documents: Original documents of your TATA AIG policy
• Photos or Videos: Evidence of vehicle damage and incident location
• Repair Estimate: Estimate provided by the network garage
• Bills and Receipts: Original invoices and payment receipts for reimbursement claims
• Medical/Repair Bills: Original bills and documents for third-party and personal accident claims
• FIR or Police Report: Mandatory for theft, major accidents, legal cases and third-party injury or death claims
• No Trace Report: Issued by the police station when unable to recover your stolen Tata Spacio
• Original Vehicle Keys: All original keys of your Tata Spacio
• RTO Forms: RTO forms 28, 29 and 30 for total loss and theft claims
• Financier’s NOC: For a Tata Spacio on loan or hypothecation