Car Insurance In Pune

Being the second-best city to live in India, Pune has attracted people from all walks of life. The city is well-known for its emerging IT sectors, pleasant weather and planned settlements. Due to all these factors, many people from across the country are moving to Pune, making it among the most congested cities in the world. This also has increased the chances of road accidents and thefts, thus making it necessary for people in Pune to invest in a car insurance policy.

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Stats About Pune Traffic

• As per TomTom's 2023 report, Pune stands in seventh position among the most congested cities in the world.
• Pune witnessed a total of 871 accidents in 2022.
• Out of these, 315 were fatal road accidents.
• From January to August 2023, Pune Traffic Police collected Rs. 44 crore in fines for multiple traffic rule violations.

Why Should You Buy Car Insurance in Pune?

Being one of the most loved cities, the city of Pune also attracts huge traffic, which leads to more congested roads and increased chances of road accidents and collisions. Though you cannot avoid unprecedented accidents, you can definitely cover the repair expenses by purchasing a four-wheeler insurance policy. Here are some reasons you should invest in a comprehensive insurance policy in Pune:

• Compulsory Requirement: Owning a car insurance policy in Pune is not only essential but also mandatory as per the motor laws of the country. If caught without a valid insurance policy, you will have to pay heavy traffic fines of up to Rs. 4,000.
• Get Theft Coverage: Being the seventh most congested city, Pune also has a huge population, which increases the chances of theft-related incidents. Thus, you can invest in a comprehensive car insurance policy to cover your four-wheeler from such theft or burglary. This policy will compensate you in case your car suffers total loss from theft.
• Personal Accident Cover: With Pune witnessing a high number of road accidents and fatalities every year, it becomes imperative to own a Personal Accident Cover for your car. A PA cover compensates up to Rs. 15 lakh if the owner/driver of the car dies or suffers disability in an accident. You can purchase this cover with your vehicle insurance policy at a nominal premium.

Types of Car Insurance Policies in Pune

There are 3 major types of car insurance policies offered in Pune. These include:

1. Third Party Insurance

   Under third-party car insurance, the insured car is covered against the third-party liabilities that it may cause in an accident. These include third-party death, disability and property damage.

2. Standalone Own Damage Insurance

   An own damage cover aims can be purchased additionally with third party insurance to cover the accidental damages sustained by the insured car. This policy covers damages and losses due to road accidents, theft, fire, manmade acts, etc.

3. Comprehensive Insurance

   With a comprehensive car insurance policy, the insured car can get covered against various unanticipated incidents and third-party liabilities. This policy offers wider coverage against damages to the insured car due to accidents, manmade acts, natural calamities, losses due to theft, fire and third-party liabilities as well.

Coverage Offered Under Car Insurance in Pune

Before getting a car insurance policy in Pune, make sure to know about its coverage in detail:

Inclusions

Damages and losses that a four-wheeler insurance policy in Pune covers include:

• Third party death, disability and property damages
• Damages arising out of manmade acts like strikes, riots, etc
• Natural calamities like earthquakes, cyclones, hurricanes, etc. causing damage to the insured car.
• Theft of the insured four-wheeler is covered.
• Losses arising out of fire, explosion and self-ignition are also covered.

Exclusions

Contingencies that are not covered under a motor insurance policy include:

• Damages to the insured car due to drunk driving
• Electrical or mechanical breakdown of the insured vehicle
• Depreciation and regular wear and tear sustained by the insured vehicle are not covered.
• Contractual Liabilities of the owner/driver of the insured car
• Damages arising outside the geographical scope, as specified in the car policy

How Much Car Insurance Coverage You Need in Pune?

The amount of car insurance coverage one needs in Pune depends on the needs and budget of the policyholder. If you only want to cover losses to the third party, you can go with third-party liability insurance. On the other hand, if you also want to cover your car from the accidental damages it sustains, you can opt for a comprehensive or OD cover.

An OD car insurance can only be opted for if you have an existing TP cover. Comprehensive car insurance can be purchased separately to get both third-party and OD coverage under one policy. So, depending on your budget and needs, you can compare and choose the plan of your choice online.

How to Buy Car Insurance Online in Pune?

You can follow these simple steps to purchase car insurance online in Pune:

• From the homepage of Policybazaar.com, click on the "Car Insurance" tab.
• Enter your car number or select the "Brand New Car" option.
• Now select your car's RTO, make, model, fuel type, variant and registration year.
• Fill in the registration form.
• Select the plan you need to purchase from the given car insurance plans.
• Select the add-ons you wish to include in your plan.
• Pay the premium amount via online payment modes.
• Once the payment is complete, your car insurance policy will be sent to your email address.

Traffic Do's and Don'ts in Pune

Follow these traffic do’s and don’ts while driving a vehicle in Pune:

• Always wear a seatbelt while driving in Pune.
• Do not drink and drive, and don't use mobile phones while driving.
• Drive under the specified speed limit. Overspeeding can result in heavy traffic fines in Pune.
• Make sure to keep all the mandatory documents with you, such as car insurance policy, DL, RC and PUC certificate, while driving in Pune.