Car Insurance Premium As Per Car Usage

Posted on: Apr 19, 2019 | | Written by:

Car Insurance Premium As Per Car Usage

Published on April 19, 2019. EST READ TIME: 3 MIN

'I drive safely. I don’t need insurance.' A lot of us have based a very important decision of our life on this frivolous confidence. Opting for car insurance does not mean showing lack of confidence in driving skills, rather it is a wise decision keeping in mind the inevitable. Day in day out we hear about casualties on the road and thus, a responsible driver is the one who safeguards his/her own, the passenger’s as well as the third party’s interest by buying a suitable insurance policy.

What driver type are you?

Private Vehicle Owner
Commercial Vehicle Owner

We, at HDFC ERGO, strive continuously to formulate insurance policies that can cover the customised needs of each type of driver. With swift online application and approval, cashless claims, 24X7 customer support and transparent claim settlement, we offer complete support through your journey. Here is a description of the different plans curated for different kinds of drivers through our online car insurance.

Private Car Insurance Policy

If you drive a privately owned car, then this plan is suitable for you. Going through even a minor accident leaves a trauma and we understand all the support that your family and your car needs after a mishappening. We, at HDFC, have introduced ‘overnight car repair services’ wherein your vehicle can be taken to nearest cashless network garage and if possible technically, then the car is repaired overnight for your convenience. What gets covered in this policy?

Own damage to the vehicle caused due to an accident, fire, explosion, lightening, burglary, terrorism, riots, transit by road, railway, lift or natural calamities such as earthquake, flood, storm, landslide etc.
Cost incurred during medical treatment of the driver due to injuries caused by the accident. By paying additional premium, you can also get the medical treatment of the passengers covered.
Treatment of any injury caused to any third party being involved in the accident. In case of loss of life of any third party, a lump-sum amount is paid to their family members. Any damage of property owned by the third party is also covered.

By paying a marginally extra premium you can also enjoy add-on coverage such as

Zero depreciation cover
Down time protection
Engine and gear box protection cover
No claim bonus protection
Cost of consumable items
Emergency assistance service program

Commercial Car Insurance Policy

If you are a business owner then you may own a fleet of vehicles. Commercial vehicles are extensively used and driven for longer number of hours and thus are more prone to accidents and wear and tear. For insured commercial vehicles, we have over 5000 authorized garages across the country with the convenience of cashless claims. Commercial vehicles include goods carrying vehicles, trailers, passenger carrying vehicles, miscellaneous and special types of vehicles such as mobile rig, shovels, tractor, excavator etc.

What gets covered in this policy?

Own damage to the vehicle caused due to an accident, fire, explosion, lightening, burglary, terrorism, riots, transit by road, railway, lift or natural calamities such as earthquake, flood, storm, landslide etc.
Cost incurred during medical treatment of the driver due to injuries caused by the accident. By paying additional premium, you can also get the medical treatment of the passengers covered.
Treatment of any injury caused to any third party being involved in the accident. In case of loss of life of any third party, a lump-sum amount is paid to their family members. Any damage of property owned by the third party is also covered.

By paying a marginally extra premium you can also enjoy add-on coverage such as:

Personal Accident cover for paid driver / employee
Electrical / Non Electrical items can be insured separately
Personal Accident cover for owner driver
Personal Accident cover for Named / Unnamed Passengers
Legal liability for paid driver in connection with the operation of the insured vehicle
Legal liability to Non fare paying passengers
Cover for lamps, tyres / tubes, mudguards, bonnet /side parts, bumpers, headlights and paintwork of damaged portion only

With HDFC ERGO car insurance your journey is secured. Have a safe drive.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the sales.

This blog has been written by

Mukesh Kumar| Motor Insurance Expert |36+ years of experience in insurance industry

A veteran in the insurance industry, Mukesh Kumar has the expertise of handling various functions like Business Development, Underwriting, Claims, Human Resources, Quality Management and Marketing. With rich knowledge of the industry, he loves to share his views on topics of insurance sector and takes special interest in educating people on advantages of having insurance.

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