Car Insurance Online

There are 2 types of car insurance in India:

Third-party car insurance: This type of insurance is mandatory as per law. As the name suggests, it only provides coverage in case of damage done to any third-party vehicle.

Comprehensive Car Insurance: This type of insurance covers third-party liability as well as damages done to your own car.

Your car insurance is just a click away.

• Visit the Kotak Car insurance page to get your car insurance online. Click on the “Get Quote” button

• Fill in the required details such as registration number, model, make etc.

• Quote will be generated basis the details submitted

• Proceed to submit the proposer details

• Make the payment

• Policy document will be generated which can then be saved

Some of the benefits of auto insurance are:

• Damage protection
A comprehensive car insurance policy provides cover against the damages caused due to various unforeseen circumstances such as accidents, fire, theft, natural and man-made disasters and provides all-around damage protection to your car.

• Third-party liabilities
A comprehensive car insurance policy offers third-party insurance as well and covers damage or loss to the third-party person or property.

• No claim bonus
NCB is a reward given to the policyholder by the insurance company for not making a claim in the policy year.

• Network garages
The car insurance company provides you with a list of network garages they are associated with where you can enjoy cashless repair benefits and take care of your car post damage.

Car insurance add-on covers are optional covers that can be purchased along with a car insurance policy to enhance its coverage and enjoy exclusive benefits associated with them. There are several add-on covers offered that you can purchase by paying an extra amount. These add-on covers are mostly available only with comprehensive car insurance covers.

Every car insurance policy has certain exclusions under which the car insurance coverage is void.

Any loss or damage to the vehicle or its parts due to the following reasons is not covered:

• The general ageing of the vehicle leads to normal wear and tear

• The vehicle was used for reasons other than the limitations mentioned for use

• Mechanical or electrical breakdown

• Damage to the people or vehicle caused under the influence of drugs or liquor

• Damages due to war or nuclear risk

• Depreciation or any consequential loss other than that covered in Add ons

Zero depreciation cover helps you protect your car against all physical damages caused to the car without factoring in the element of depreciation. Normally the insurer accounts for depreciation on your car's parts and therefore pay you your claim only after subtracting the amount of depreciation. But, with the Zero depreciation add-on, you get more money during claims while no depreciation is subtracted.

• Types of car insurance
The type of car insurance you get is highly responsible for deciding your premium amount. If you just buy third-party motor insurance, its premium may be relatively lower than the premium of the comprehensive car insurance policy.

• Engine capacity
The engine capacity, or cubic capacity, refers to the total power produced by the engine of a vehicle. Hence, if you have a higher CC vehicle, you will have to pay a higher premium amount.

• The Insured Declared Value (IDV)
IDV is the maximum amount that you can claim for any loss or damage to the vehicle. It is one of the critical factors that greatly affect the premium.

• Car’s manufacturing year
Older cars have lower IDV values hence comparatively lesser premium than new vehicles with relatively higher IDV values.

• Registration location
The premium rates for vehicles in metro cities are different than those in tier two or three cities. Metro cities are high-risk locations, hence, the possibility of paying high premium rates.

• Add-on coverage
Add-on coverages for car insurance give you an opportunity to customise your policy. These coverages are not a part of your basic car insurance policy and can be bought at an extra premium rate.

The car insurance premium is influenced by following parameters:

• Car make and model

• Type of cover

• Age of the vehicle

• Location

You can also calculate the car insurance premium online with the help of the car insurance calculator. All you have to do is enter your vehicle details along with the Mobile number and Email-id and click on “Get Quote.”

First foremost, you have to apply for a car insurance transfer by paying a transfer fee along with the documents mentioned below:

• Application form

• Form 30

• Form 29

• NOC from the existing policyholder

• Inspection report – conducted by the insurance company

• Registration certificate in the name of the new owner

Then hand over the following documents to the new policyholder.

• New registration certificate

• Car insurance

• Original invoice of car

• NOC from financer

• Road tax receipts

You can renew your comprehensive car insurance online. For car insurance renewal, you are required to fill in the following details online:

Step 1: Fill in your existing policy number or your customer id
Step 2: Fill in your vehicle registration number or vehicle engine number, or vehicle chassis number

Renewing your Car Insurance is crucial to ensure seamless protection. At Kotak General Insurance, the renewal of car insurance is quick and hassle-free. It is advised to renew your policy before it expires, though, even if your policy has expired, all you need to do is enter your existing policy number or customer ID on the online car insurance renewal page. Once your policy number/customer ID is verified, you can make the payment to renew your insurance instantly.

You should not let your car insurance lapse and renew it immediately if expired. In case you renew it after expiry, the following outcomes may follow:

1. If you have earned any No Claim Bonus over the last few years of the policy period, you might lose the same.

2. After your insurance expires, your car is not insured and that may put you and your car at considerable financial and legal risk in case of any.

3. Having at least third-party car insurance is mandatory by law, so in case you are charged under the law for driving without valid car insurance, you will get fined or face imprisonment for up to 3 months.

If you have lost your RC book, then you have to register a complaint with the police at the nearest police station. You must provide all the details about how and where exactly you lost your RC card. Then fill in the required forms and mention the registration number of your vehicle, model, your name and address, the chassis number of the vehicle, engine number, etc.

Sometimes there can be a substantial time frame between the purchase of your car and obtaining your Registration Certificate (RC), then within this period, car insurance claims can be done without an RC book and with other requested documents while filing the claim.

Roadside Assistance is a service that provides you with the necessary help required in case you are stranded on the road when your car breaks down. It includes:

• Towing due to an accident or breakdown

• Battery jump start

• Arrangement/Supply of fuel

• Emptying of the fuel tank

• Flat tyre(s)

• Breakdown support over the phone

• Taxi benefits

• Arrangement of keys

• Message relay

• Minor repairs

The Insured's Declared Value (IDV) of the vehicle is the maximum Sum Assured fixed by the insurer at the beginning of each policy period for the insured vehicle. If the vehicle suffers total loss, the IDV is the compensation that the insurer will provide to the policyholder.

The IDV of the vehicle is calculated based on the manufacturer's listed selling price of the brand and model of the vehicle proposed for insurance at the commencement of insurance or renewal and is adjusted for depreciation (as per the schedule specified below). The IDV of the sidecar(s) and/or accessories, if any, fitted to the vehicle but not included in the manufacturer's listed selling price of the vehicle is also likely to be fixed.

An endorsement is written evidence of an agreed change in policy terms.

Typically, general insurance contracts are for a period of one year, unless stated otherwise. Please check your policy certificate cum schedule to determine the period of coverage.