Tips to Reduce Your Tata AIG Car Insurance Premium

Get Car Insurance starting at only ₹2,094/year #
Processing

Planning to buy a Tata AIG car insurance policy but worried about paying a higher premium? Well, if you do not purchase insurance for your car, you may end up paying a lot more on car repairs than your existing premium. It is also mandatory for every car owner to have a valid motor insurance policy as per the motor laws of India. Thus, to help you get four-wheeler insurance at the best rate, here are some tips to reduce the Tata AIG car insurance premium.

Read more

  • Renew policy In 2 minutes*

  • 20+ Insurers to choose

  • 51 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.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
Select your city or RTO
Search city or RTO
Can’t find your RTO? Search for it
Search Make & Model
    Search model for Maruti Suzuki
      Search for variant
        View all variants
          Please fill your details
          Your full name
          Email address
          Mobile number
          View Prices
          Please wait..
          By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
          Select Make
          Select Model
          Fuel Type
          Select variant
          Registration year
          Registration month
          Save & update
          Please wait..

          How to Reduce Tata AIG Car Insurance Premium?

          Before purchasing an insurance policy for your car, you must compare different insurance plans and choose the one that suits your needs. When it comes to purchasing car insurance, you can use these tips to reduce Tata AIG car insurance premium:

          1. Increase Voluntary Deductibles

          A voluntary deductible is an amount that the insured voluntarily agrees to pay for car repairs in the event of an insurance claim. The remaining sum is paid by the insurance company. Thus, the higher is the voluntary deductible, the lower will be the premium of the insurance policy.

          So, to reduce your Tata AIG four-wheeler insurance premium, you can opt for a higher voluntary deductible. However, make sure to choose an amount that you can pay without much hassle.

          2. Build Your No Claim Bonus (NCB)

          No Claim Bonus is a discount that you get every year if you do not register an insurance claim. Once accumulated, an NCB can be used to reduce the premium of your renewal policy. For example, if your car requires minor repairs and you pay from your pockets instead of filing a claim, you will be able to build up your NCB, which can be used to reduce your next year’s premium. Moreover, if you save 5 years of NCB, you can get up to a 50% discount on your renewal premium.

          Thus, another tip to reduce Tata AIG car insurance premium is avoiding claims for minor repairs and increasing your NCB discount.

          3. Add Security Features

          Installing security devices, like anti-theft alarms, brake locks, etc., in your car can also help in reducing your four-wheeler insurance premium. Devices like anti-theft devices can protect the car from theft or robbery. By installing these devices, you can reduce the chances of making insurance claims, which can help in reducing your premiums as well.

          However, make sure to install ARAI-approved (Automotive Research Association of India) security devices if you want the motor insurance company to lower your premium.

          4. Renew Policy on Time

          A motor insurance policy expires in one year of purchase, after which it has to be renewed again. If you do not renew your policy on time, it will get expired and eventually lapse. In that case, the insurance company may charge an extra premium for the time you have been driving with the expired policy. Besides, a lapse in the insurance policy can lead to re-inspection of your car as well.

          Thus, renewing car insurance before the expiry date can help in avoiding premium hikes. You can also continue at the old premium rate of the policy with timely renewal.

          5. Compare Policies Online

          To choose the best insurance policy for your car, you should first compare different car insurance plans online. You can visit Policybazaar Insurance Brokers Private Limited and compare different insurance policies. You can also check and compare their premiums using a car insurance calculator online.

          By comparing the insurance policies along with their premiums, you can decide the one that best fits your requirements. Lesser premium does not always mean the best policy. Therefore, compare premiums as well as other factors and choose your motor insurance wisely.

          6. Carefully select the Add-ons

          Buying add-ons for your four-wheeler is not mandatory. If you wish to increase your insurance coverage, you can buy add-on covers under your motor insurance policy. However, any additional add-on will increase the premium amount of your Tata AIG car insurance policy.

          Thus, make sure to only select the add-ons which suit your needs and drop any unnecessary add-ons to save up on your premium.

          Types of Car Insurance Policies by Tata AIG Car Insurance

          Before knowing how to reduce Tata AIG car insurance premium, let us first understand the types of insurance policies this company offers. Tata AIG General Insurance Company offers three major four-wheeler insurance policies. These are:

          1. Tata AIG Private Car Package Policy

          The Tata AIG Private Car Package policy offers comprehensive coverage against third party liabilities as well as damage to the insured car arising due to accidents, theft, natural disasters and more. Third-party liabilities cover third-party’s property damages, injuries or death during an unfortunate accident caused by the insured car. The comprehensive insurance policy also offers a personal accident cover of Rs. 15 lakh.

          2. Tata AIG Standalone Own Damage Private Car Policy

          If the insured car suffers from any loss or damages due to events like accidents, fire, landslides, riots, theft, etc., the Tata AIG Standalone Own Damage policy will cover its financial implications. This policy does not cover third party liabilities and only applies to cars bought after September 2018.

          3. Tata AIG Liability Only Policy

          The Tata AIG Standalone Liability Only policy offers third party cover, which is the mandatory cover for every car owner in India. It offers protection against third-party liabilities, such as property damage, injury or death of the third party by the insured car. However, this policy does not cover damages to the car and its owner.

          In addition to the above-mentioned plans, Tata AIG General Insurance Company also offers a usage-based private car insurance policy as well as compulsory personal accident insurance to its customers.

          Wrapping Up!

          Choosing the right insurance policy can help you in financially protecting your car from unfortunate events like accidents or theft. If you are willing to purchase four-wheeler insurance from Tata AIG General Insurance Company, you can adopt the above-mentioned tips on how to reduce Tata AIG car insurance premium and save yourself from paying excessive premiums.

          Find similar car insurance quotes by body type

          Hatchback Sedan SUV MUV
          Search
          Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
           Why buy from policybazaar

          Car insurance articles

          Recent Articles
          Popular Articles
          How to Transfer Car Ownership Online?

          20 Mar 2023

          A car's ownership is usually transferred if the car is sold to a
          Read more
          About Hybrid Cars -Types, Advantages, Hybrid vs Electric Car

          16 Mar 2023

          Due to their diverse benefits such as lower fuel economy and low
          Read more
          Vehicle Scrappage Policy in India: All You Need to Know

          15 Mar 2023

          With an aim to phase out unfit and polluting vehicles, the
          Read more
          Planning To Cancel Car Insurance? – Here’s What To Know

          28 Feb 2023

          Though rare, car insurance cancellations are pretty much evident
          Read more
          Vehicle Fitness Certificate for Cars: A Complete Guide

          15 Feb 2023

          As per the Motor Vehicles Act, 1989, it is mandatory for every
          Read more
          Check Car Insurance Status Online on Parivahan Sewa/ RTO?
          It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
          Read more
          Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
          Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
          Read more
          How to Find Car Insurance Details by Registration Number?
          As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
          Read more
          Multiple Ways To Check Your Car Insurance Status Online
          With everything going digital, checking vehicle insurance status online has become easier than ever. It not only
          Read more
          Transferring Car Insurance from One Person to Another
          An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance
          Read more

          top
          View Plans
          Close
          Download the Policybazaar app
          to manage all your insurance needs.
          INSTALL