New Car Insurance

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Kotak Car Insurance Policy in 2 Minutes
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Quick and hassle-free claim process

Quick and hassle-free claim process

Google Rating

4/5

We take your safety seriously

4200+

4200+

Cashless Garages

Jet-Speed

Jet-Speed

Claims

Upto 50%

Upto 50%

No Claim Bonus

99%

99%

Claim Settlement Ratio

24/7

24/7

Around The Clock Assistance

*The above data is till 30th September, 2023

Car Insurance for New Car

The thrill of owning a new car is an experience like no other, with that fresh scent and the allure of cutting-edge features. As you embark on the journey of automotive delight, a specialized offering is designed to cater to the unique needs of brand-new vehicles.

Types of car insurance plans by Kotak

Know the diverse range of our Insurance Plans and find the perfect one that suits your driving needstypes

Comprehensive car insurance

A comprehensive car insurance policy is the most extensive car insurance cover under which an insurance company is liable to pay for financial liabilities incurred towards a third-party as well as for the own-damages sustained by the insured's car.

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Third party insurance

Third-party car insurance policy is a mandatory requirement for driving a car in India. It is the most basic car insurance plan and is thus also called Liability Only Car Insurance Policy.

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Own damage car insurance

Under this plan, the insured gets insurance coverage only for the own-damages sustained by his/her four-wheeler in a natural/man-made road accident,calamity, fire, explosion, theft or any other mishap.

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Understanding new car insurance coverage

In the unfortunate event of a total loss due to theft or an accident, a standard insurance policy might only cover the current market value of your new car. New car insurance, often referred to as "new car replacement insurance" or "gap insurance," is tailored to address the gap between the actual value of your vehicle and the outstanding balance on your auto loan. However, since new cars tend to depreciate quickly, their market value might be significantly lower than the original purchase price. This is where new car insurance coverage comes to the rescue.

The benefits of new car insurance

  • Full replacement value: New car insurance ensures that in the event of a total loss within a specific time frame (usually the first few years), you receive the full amount required to replace your vehicle with an identical or equivalent model.

  • Debt protection: New car insurance bridges this gap, ensuring that you're not burdened with paying off a loan for a car you no longer possess. If you financed your new car through a loan or lease, you might owe more to the vehicle than its current market value due to initial depreciation.

  • Minimal out-of-pocket expenses: Instead of dealing with a significant shortfall between the insurance payout and your outstanding loan balance, you can transition seamlessly to a new vehicle. New car insurance minimizes your out-of-pocket expenses in case of a total loss.

  • Preserving value: With new car insurance coverage, you can mitigate the impact of depreciation and preserve the value of your investment. Rapid depreciation is a reality for new cars.

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Kotak Car Insurance Reviews & Ratings

Look what they have to say

Kotak Car Insurance Reviews & Ratings

Look what they have to say

We are very happy if you are satisfied with our service and products. Let's read pure reviews from customers who bought our products.

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Car Insurance

Entire process starting from claim registration to the completion was very speedy and smooth. After claim registration I did not need to talk or remind the company. It was my first experience of its kind which I felt wonderful. Thanks Kotak General Insurance!

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Car Insurance

The overall process was very smooth and professional. Minimal documentation and process. Liked the Professionalism and proactiveness of the employees in Kotak. Thanks for the support.

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Car Insurance

Very satisfying first experience with Kotak. Likely to renew the policy with Kotak.

Kotak General Insurance cashless network garages

Our cashless network garages makes roadside assistance a sleek experience at the time of uncertaintywhy-car-insurance

Buying a car insurance gives access to cashless network garages which provides convenience and hassle-free car repairs covered by Kotak General Insurance without the need for upfront payment.

Need Help? Head over to our learning centre

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RTO- Regional Transport Office

Your guide to RTO offices. Get insights into different locationsadditional

RTO stands for Regional Transport Office and is a government body responsible for vehicle registration and issuance of driver’s licenses. Also, the RTO in each state is responsible for maintaining the database of its drivers and vehicles.

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