How to Buy Family Car Insurance Online?

In India, most people buy a family car. Unless you are uber-rich, the chances of every adult member of your family owning a car of their own are very low. That’s why you must have family car insurance.

Read more



Stay home & renew car insurance in 2 minutes

No documents required
View Instant Quotes
Processing
Get Car Insurance starting
@ only 2072/year*
  • Save up to 80%* Lowest Car Premiums

  • 20+ Insurers To Choose From

  • 25 Lakh+ Vehicles Insured

*TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

What is a Family Car?

A family car is any car that is used by the entire family of the car owner. There is no fixed eligibility for a family car but it refers to any car in which the entire family travels together and which is driven by several members of the family. It can also be used by different family members at different points in time as per their needs.

For example, your father has bought a car and your entire family travels together in it. Not only does he drive the vehicle but you and your brother also drive it regularly. This makes your father’s car a family car.

A family car does not belong to any specific type of car. You cannot call only a hatchback or an SUV as a family car as it varies with the family. For instance, a lower middle class family may use a hatchback car as their family car while an upper middle class family may use a sedan or an SUV as their family car.

Buying a family car is any day more economical than buying an individual car for different family members. It also leads to some quality family time as all your family members spend time with each other en route a market, relative’s home, road trip, etc.

Just like a regular car, a family car also needs insurance cover. The possibility of facing adversities while using your family car is higher as multiple members of your family use it. After all, not every family member may be a fabulous driver and more family members are likely to get injured if your family car meets with an accident.

By the way, buying a car insurance policy is not a choice but a compulsion in India. The Motor Vehicles Act, 1988, mandates every car plying on public roads to have at least a third party car insurance cover. If you defy this law, you may have to pay a hefty fine when caught by the traffic police.

Therefore, it is essential to cover your family car under four wheeler insurance. And what’s better than buying a family car insurance policy for your family car. 

What is a Family Car Insurance Policy?

Family car insurance refers to a car insurance policy that provides financial coverage to a family car. It covers the cost of repairing or replacing the family car in case of an accident, natural calamity, fire, manmade disaster or theft. It also covers the financial liability towards third parties arising out of the family car and provides personal accident cover for the owner-driver of the car.

While buying a family car insurance policy, it is important to opt for the right kind of insurance cover. Your family car will be used by multiple members of your family and therefore, the insurance coverage should be chosen keeping this in mind.

If your family car is more than five years old and is not used regularly, then you can buy the mandatory third party car insurance cover. It will only provide coverage against any third party liabilities arising out of causing accidental property damages or injuries to a third party with your family car.

On the other hand, if your family car is relatively new and is frequently used, you must opt for a comprehensive car insurance cover. It will provide financial assistance to cover third party liabilities as well as any own damages arising out of your family car.

You may also like: One Car Insurance- For Multiple Cars 

Add-On Covers to Buy under Family Car Insurance

Since we are talking about insurance for a family car, opting for a little extra coverage can be quite beneficial. Your family car will be used by your entire family. You may be well-versed to handle certain minor trouble that your car may give but you cannot expect the same from all your family members.

For instance, if your car has a flat tyre, you may know how to change it. But if your son is driving your family car, he may not know how to change a flat tyre and may get stuck in the middle of the road.

Besides, an accident of your family car may lead to injuries to people travelling in the car along with the person driving it. But a basic family car insurance policy provides personal accident cover only for the owner-driver of the car.

Hence, you can buy add-on covers under your family car insurance policy to ensure greater coverage for your family as well as your car. For the unversed, add-on covers are additional coverage that you can purchase under your car insurance policy for an extra premium amount.

Take a look at the various add-on covers that you must consider buying under your family car insurance policy: 

1. Passenger Cover - This add-on cover provides personal accident cover for the passengers seated in the insured family car at the time of the accident.

2. Roadside Assistance Cover - This add-on cover provides roadside assistance services in case your family car breaks down in the middle of the road. These services include flat tyre change, on-site minor repair, car towing, fuel assistance, battery jumpstart, etc.

3. No Claim Bonus Protection - This add-on cover prevents your accumulated no claim bonus from restoring to zero even if you raise a car insurance claim.

How to Buy a Family Car Insurance Policy?

You can buy insurance for your family car online as well as offline. To buy the family car insurance offline, you will have to visit the nearest branch of your motor insurer or contact an insurance agent. But to buy family car insurance online, follow the steps given below:

  • Login to the website of the motor insurer or insurance broker
  • Go to the option of buying car insurance
  • Enter the details of your family car, such as the car registration number, fuel type, make & model, etc.
  • Provide your contact details
  • Choose the type of family car insurance policy that you want to buy
  • Select the add-on covers to purchase
  • Pay the premium amount online
  • Your family car insurance policy will be issued

In a Nutshell

Car insurance is essential for every family car in India and the same goes for your family car. Make sure to buy the appropriate cover for your family car and renew it every year to stay covered against any financial liability arising out of the car.

Written By: PolicyBazaar - Updated: 05 July 2021
You May Also Like
  • Transferring Car Insurance from One Person to Another

    Transferring Car Insurance from One Person to Another In the current economic climate that encourages consumers to “reduce, reuse and recycle”, it is becoming increasingly common for people to purchase second-hand...

    read more
  • 9 Secrets That Your Motor Insurance Provider Won’t Tell You

    9 Secrets That Your Motor Insurance Provider Won’t Tell You Due to the dangerous driving conditions, it is compulsory to have third party insurance for every vehicle plying on Indian roads. It ensures the overall saf...

    read more
  • Money Saving Advice for All Car Owners

    Money Saving Advice for All Car Owners After a dream home, a dream car is your second-largest purchase that you make in your lifetime. But the expense does not cease when you drive off the car dealer's lot. Read mor...

    read more
  • Difference Between Comprehensive Insurance and Third Party Insurance

    Difference Between Comprehensive Insurance and Third Party Insurance Comprehensive insurance is insurance coverage that pays for the repair or replacement of vehicle damages resulting from an incident. Comprehensive ca...

    read more
  • Types of Motor Insurance

    Types of Motor Insurance The word Motor broadly covers a lot of classes of vehicles plying on the roads. These may be two-wheelers like scooters and motorbikes, three-wheelers or four wheelers like private cars, jeeps, ...

    read more
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Calculate your car IDV
IDV of your vehicle
Calculate IDV
Calculate Again

Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.Read More

Policybazaar lets you compare premium prices from 20+ Insurers!
Compare Prices