What is Car Insurance?

Car insurance protects you financially against vehicle damage, accidents, and third-party claims. By paying a premium, you ensure your car is covered against unexpected losses Third-party insurance is legally required in India. Driving without it can result in fines and license suspension

1. Pay premium → insurer covers repair costs, medical bills & legal expenses. 2. File a claim → insurer assesses damage, pays out after deductible•

– IDV (Insured Declared Value) – Vehicle age (depreciation) – Driver’s record – Registration location (urban vs tier‑2) – Vehicle type (hatchback vs SUV)

Premium depends on:

– Drunk driving or unlicensed use – Wear & tear or mechanical failures – War/nuclear perils – Driving with expired policy

What is not covered?

Read Here

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