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Buy Car Insurance Online
Get upto 70% discount on buying insurance through Buy Cars Online on used and new vehicles (Cars, Bikes, Buses, Lorries). We have tied up with major insurance providers in India. We compare all insurance providers and share the best insurance quotes for you.
How it works?
You place a request for the Insurance quote (New / Renewal).
We find and rank plans that best suit your individual needs. We have tied with major insurance providers of India. We ensure you get a customized and pre-negotiated highest discount on insurance policy.
Our customer representative then shares the best insurance quote for your vehicle (Two Wheeler / Bike, Car, Tempo, Truck and Bus).
An experienced team of insurance experts from Buy Cars Online are always available for your assistance.
Here are the answers to some common
questions we get:
Why Buy Insurance Through Buy Cars Online?
Compare quotes from multiple partners
Unbiased advice by dedicated insurance expert
Post Sales Assistance: Service Manager helps you if there is a claim.
Up to 70% discount on OD Premium
Insurance and types
Car Insurance: Car insurance provides protection from losses resulting from owning and operating a car or vehicle. The insurance covers losses to the insured's property and losses for which the insured is liable as a result of owning or operating a car. 1.Third Party Liability Coverage
This Insurance is useful when your vehicle hits another vehicle. In such cases, the victim or the third party is eligible for compensation and is covered by this type of Insurance. 2.Comprehensive Coverage
Comprehensive Insurance covers you for damage caused by your vehicle like Accident, Theft, Fire, Natural disasters etc. Comprehensive insurance covers insurance damages, injuries caused to a third-party also. We recommend the vehicle owner to always go for Comprehensive Coverage.
Important Insurance Terms
No Claim Bonus (NCB):
It is a benefit offered by the insurer to vehicle owners who have not claimed insurance during the previous year of cover. It means that the next premium amount to be paid would be lower (usually 20%).
Insured Declared Value (IDV):
Insured Declared Value is the maximum Sum Assured fixed by the insurer which is provided on theft or total loss of vehicle. Basically, IDV is the current market value of the vehicle. If the vehicle suffers total loss, IDV is the compensation that the insurer will provide to the policyholder.
Short Rate Cancellation:
A policy termination in which the refunded premium is not proportional to the amount of time remaining in the policy period due to the fixed expenses incurred by the company. The insured will generally pay more for each day of coverage than if the policy had remained in force throughout the entire policy period.
Road Side Assistance (RSA):
Road Side Assistance Programme is a 24x7 emergency support provided in the event of any mechanical / electrical breakdown and or traffic accident.
Claim Insurance Process
Appointment of Surveyor of the Insurance company
Approval by Surveyor
Re-inspection & Vehicle Delivery
Insurance Claim Settlement
Frequently Asked Questions about Vehicle Insurance
1. What Motor Insurance cover should I buy? Should I buy Comprehensive Insurance or Liability Policy only?
A- Third Party Liability insurance is mandatory for all vehicles in India. This covers Liability for injuries and damages to others that you are responsible for. In addition, it is prudent to cover loss or damages to the vehicle itself by way of Comprehensive / Package policy, which covers both “Liability” as well as “Own damage” to the insured vehicle.
2. What is IDV? How is it calculated? Why is IDV important?
A- Insured Declared Value (IDV): Insured Declared Value is the maximum Sum Assured fixed by the insurer which is provided on theft or total loss of vehicle. Basically, IDV is the current market value of the vehicle. If the vehicle suffers total loss, IDV is the compensation that the insurer will provide to the policyholder. IDV is calculated as manufacturer’s listed selling price minus depreciation. The registration and insurance cost are excluded from IDV. The IDV of the accessories which are not factory fitted, are calculated separately at extra cost if insurance is required for them. IDV= (Ex-showroom price - depreciation) + (Accessories that are not included in listed selling price-depreciation). IDV is important because in case your vehicle is stolen or suffers total loss, you will get that amount from insurer. It is highly recommended to get IDV which is near the cost of market value of car. Insurers provide with range of 5% to 10% to decrease IDV which could be chosen by customer. A lower IDV may help reduce your premium, but can lead to significant loss in case of a claim.
3. What are the documents to be kept in the vehicle while driving?
A- Certificate of Insurance; Xerox copy of Registration Certificate; Pollution Under Control (PUC) Certificate; Driving Licence of person who is driving the vehicle
4. Can I transfer my insurance to the purchaser of my vehicle?
A- Insurance can be transferred to the buyer of the vehicle, provided the seller informs in writing of such transfer to the insurance company. There is a nominal fee charged for transfer of insurance along with pro-rata recovery of NCB from the date of transfer till policy expiry. Transfer of ownership in comprehensive/package policies has to be recorded within 14 days from date of transfer failing which no claim will be payable for own damage to the vehicle.
5.What documents are required to be submitted for a Motor Insurance claim?
A- Usually, duly filled in Claim Form, RC copy of the vehicle, Original estimate of loss, Original repair invoice and payment receipt. In case cashless facility is availed, only repair invoice would need to be submitted and FIR, if required. For theft claims, the keys are
Quick Facts about Buying Insurance Online (through Buy Cars Online):
Online Deals provide competitive and better discounted deals wherein you can compare and buy the Insurance online through Buy Cars Online.
Online Insurance is done almost in no time.
Claim settlement is hassle free and cashless in online policies from any web aggregator (e.g. Buy Cars Online) at selective garages.
Customer care support gives best information and guidance to suit your Car Insurance needs.