Comprehensive car insurance protects your expenses from losses that might incur due to own-damage of your vehicle or damage to a third-party person or property. Damage to vehicle due to unwanted scenarios like fire, theft, fires, accidents, riots, flood, earthquake, etc., can lead to heavy repair bills. Hence, insuring your vehicle with comprehensive car insurance policy is advisable. With comprehensive car insurance policy, the policyholder can drive with peace of mind as the insurer will cover repair costs for accidental damages. In addition, comprehensive insurance also covers third-party liabilities involving an insured person's vehicle.
Comprehensive car insurance also offers personal accident cover to the owner-driver of the car in case they get injured or dies in a car accident. You can customize the comprehensive car insurance policy by opting for add-on covers like no claim bonus protection, zero depreciation, emergency roadside assistance, etc. This enables you to tailor comprehensive car insurance coverage as per your requirements.
A comprehensive car insurance policy covers both third-party damages and own damages to the vehicle. In the case of damages to your vehicle due to any insured peril under comprehensive insurance for the car, the insurer will bear the repair cost. In the case of a theft, the insurer pays a lump sum benefit covering the financial loss you suffer. You can even make a cashless claim under comprehensive insurance if you get your car repaired at a networked garage.
Example: The insurer will bear the repair cost if Mr A's vehicle gets damaged due to a flood.On the other hand, if any third-party is physically injured or killed or any third-party property is damaged by the insured vehicle, the policyholder can claim expenses for these damages under a comprehensive car insurance policy. The insurer
would handle the compensation payable to the third party for the financial loss that you have caused under a comprehensive car insurance policy.
Been in a car accident? Keep calm, we cover damages your car sustains in an accident.
We won't let a fire or an explosion burn your finances to ashes, be rest assured your car is covered.
Your car getting stolen could be your worst nightmare come true, but we ensure your peace of mind is not disrupted.
Calamities can wreak havoc and your car is not immune to them, but your finances are!
Your safety is our priority, in case of injuries due to a car accident we cover your treatment charges.
We cover damages to a third party property or injuries sustained by a third party person through our third party insurance feature.
Here are some key features and benefits of a comprehensive car insurance policy
Comprehensive car insurance plan is available as an annual plan on our website. You can purchase a comprehensive car insurance policy with one year validity. With a comprehensive car insurance policy, you will get complete protection for your vehicle, which includes own damage as well as third party liability.
Every year the value of a car depreciates but with zero depreciation cover, there are no depreciation cuts even when you make a claim, and you get the entire amount in your hands.
Made a claim, worried about your NCB discount? Don’t worry, this add on cover not only protects your No Claim Bonus earned so far, but also takes it to the next NCB slab earning you a significant discount on your premium.
We are here to offer you round-the-clock assistance to deal with any technical or mechanical breakdown issues of your car.
By opting this add-on along with comprehensive car insurance policy you can get coverage for consumables items like grease, lubricants, engine oil, oil filter, brake oil, etc.
This add-on cover can be fruitful if your car's tyre or tube gets damaged due to an accident. Tyre secure cover provides coverage for replacement expenses of tyres and tubes of the insured vehicle.
Love your car dearly? Give your car this add on cover and recover your invoice value back in case of theft or total damage to your car.
The engine is the heart of your car and it is crucial to ensure it is protected. This cover shields you from the financial losses incurred due to damage to your car engine.
Car in the garage? This cover will help bear the expenses you would spend on cabs for your daily commute while your car is getting repaired.
Customising your comprehensive insurance policy with this add-on cover you can get coverage for loss of your personal belonging such as laptop, vehicle documents, cellphones, etc.
Pay as you drive add-on cover will entitle you to get the benefits on the own-damage premium at the end of the policy year. You can claim benefits up to 25% of the basic own-damage premium at the end of the policy period if you drive less than 10,000km.
The comprehensive insurance does not cover personal accident cover. A personal accident cover is a facility for the owner-driver. It is a compulsory extension to be taken by the owner of the vehicle under car insurance policy. The compulsory personal accident policy under motor insurance is issued in the name of the owner of the vehicle. If you don't have a personal accident cover, you can opt for same while buying comprehensive car insurance policy.
Given a choice between an umbrella, gum boots and a raincoat versus a flimsy jacket on a rainy day, what would you choose? You wouldn’t even blink before answering that the former is a far more sensible and safe alternative. The question of choosing between a comprehensive insurance or a third party cover for your car is fairly similar. Opting for protection against third party liabilities only can leave you vulnerable to a number of risks causing financial losses versus a 360 degree protection for your car with comprehensive car insurance. Still pondering? We help you weigh the pros and cons of both:
80%
CUSTOMERS CHOOSE THIS | ||
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Comprehensive Cover | Third Party Liability Only Cover | |
Damage due to natural calamities – Earthquake, cyclone, floods etc. | Included | Excluded |
Damage due to events like – Fire, theft, Vandalism etc. | Included | Excluded |
Personal Accident Cover of Rs. 15 Lakhs | Included | Included |
Choice of add-ons – Zero Depreciation, NCB Protect etc. | Included | Excluded |
Damage to third party vehicle/ property | Included | Included |
Injury to a third party person | Included | Included |
No hefty fines levied if valid policy in place | Included | Included |
Customization of car value | Included | Excluded |
While buying a comprehensive car insurance policy, it is necessary to know how its premium is calculated. Here’s a step-by-step guide for calculating your car insurance premium
Calculating comprehensive car insurance premium at the HDFC ERGO website is smooth and easy. You can also use our car insurance premium calculator for your convenience.
There are numerous benefits of buying comprehensive car insurance policy online from HDFC ERGO website. Let us take a look at few benefits of buying comprehensive insurance policy online:
With the help of car insurance calculators, you get instant premium quotes of your comprehensive car insurance policy. Enter your car’s details, and the premium will be displayed, inclusive and exclusive of taxes. You can also opt for add-ons with your comprehensive insurance policy and get the updated premium instantly.
You can get a comprehensive car insurance policy within few minutes if you buy online. You have to fill an online application form, provide the car details, pay the premium online, and the policy is sent to your email id.
Buying comprehensive insurance for car online only requires a few documents. You have to upload your car’s registration forms, details, and KYC documents when you buy the policy for the first time. After that, you can opt for car insurance renewal or port your plan without any paperwork.
After you buy a comprehensive car insurance policy online, you get regular car insurance renewal reminders from our end to renew your coverage continuously. This ensures that you enjoy uninterrupted coverage.
HDFC ERGO’s comprehensive car insurance policy buying process is seamless and transparent. You need to follow some simple steps to buy online car insurance plans, and there are no hidden charges. What you see is what you pay.
The premium for a comprehensive insurance policy is higher than the third -party car insurance plan. The higher premium is justified, given the policy's enhanced scope of coverage. Moreover, the premium for the comprehensive policy depends on a lot of factors. These factors determine how much you have to pay for the coverage. The factors are discussed below
HDFC ERGO comprehensive car insurance is available with affordable premiums to suit your needs. You can opt for a plan as per your requirements. From no-claim bonus upto 50% to discounts on installing anti-theft features, we promise savings galore.
Our comprehensive insurance policy comes with 6700+ cashless Garagesˇ pan India which can repair your vehicle overnight. To add to this our 24x7 roadside assistance add-on cover°° available with comprehensive car insurance ensures help is just a phone call away, and your car is taken care of anywhere anytime.
With over 1.5Crore+ Happy Customer@, we are proud to say that we’ve put smiles on a million faces and counting. The testimonials from our ever growing family of customers are heartwarming to say the least. So toss your car insurance related worries aside and join the happy customers club!
HDFC ERGO comprehensive insurance for car has a record of 100% claim settlement ratio. We make sure that your claim experience is hassle free and swift. Paperless claims, self inspection options and our quick claim settlement record are a testimony to our promise of making the claim process a breeze for our customers. So say goodbye to claim related worries whether it is intimating a claim or waiting for it to get settled.
If filing a claim was a cakewalk with our 4 step process, our claims settlement record will put to ease any claim related worries you may have. The word ‘claims’ makes many break into a sweat but with HDFC ERGO’s 100%
Claim Settlement Ratio^, you can wipe that sweat from your brow. Still hesitant? Here are 5 reasons why we call our claim process quick and easy:
Making a comprehensive insurance claim is relatively easy. Just inform the insurance company and follow the process, and your claim will be quickly settled. However, here are some points that you should consider when raising the claim -
• Always inform the insurer immediately after the claim. This allows the company to register the claim and give you a claim reference number. The number is essential in future claim-related communications.
• In the
case of a third -party claim or a theft, a police FIR is mandatory.
• The policy does not cover some instances. Ensure that you don't claim for the policy exclusions to avoid rejections.
• If you don't get your car
repaired at a cashless garage, you will have to pay for the repair costs. You can, then, get a reimbursement for the costs by submitting the claim with the insurance company.
• You will have to bear the deductible cost in every
claim you make.
Filing a claim just got easier with our 4 step process and a claims settlement record that will ease your claim related worries!
NCB stands for No Claim Bonus. You earn this bonus in a comprehensive car insurance policy if you don't claim in a policy year. With NCB, the insured person gets a discount on their comprehensive car insurance premium when they renew their insurance in the following policy year. The rate of the NCB also increases after each successive claim-free year. In the first year, the policyholder gains a 20% NCB discount if they haven 't made any claims for the first policy year.
Consequently, the policyholder keeps gaining an additional 5% from the second consecutive year of making no claims. However, once you make a claim, the accumulated NCB becomes zero. After that, you start earning NCB starting from the next policy year.
The NCB allows you a premium discount on renewals. The rate of the NCB is as follows:
Number of claim -free years | Allowed NCB |
After the first claim -free year | 20% |
After two successive claim -free years | 25% |
After three successive claim -free years | 35% |
After four successive claim -free years | 45% |
After five successive claim -free years | 50% |
Insured Declared Value (IDV) in comprehensive car insurance is the maximum amount the policyholder will receive from the insurer if the vehicle is damaged beyond repair or stolen. IDV is the approximate market value of the car and it changes every year due to depreciation. For example, suppose the IDV of your car is Rs. 10 lakh when you buy the policy and when it gets stolen, your insurer will disburse the amount of Rs 10 lakh. The IDV is declared by the policyholder while insuring it. It directly impacts the comprehensive car insurance premium. The higher the IDV, the higher the premium.
The IDV is calculated as follows - IDV = (The price of the car as determined by the manufacturer - Depreciation based on the car's age) + (Cost of accessories added to the car - depreciation based on the age of such accessories)
The rate of depreciation has been pre-determined. It is as follows –
Age of the car | Depreciation rate |
Up to 6 months | 5% |
More than six months but less than a year | 15% |
More than a year but less than two years | 20% |
More than two years but less than three years | 30% |
More than three years but less than four years | 40% |
More than four years but less than five years | 50% |
You might have thought about getting some alloys or flashy headlights for your car at least once. While it might seem exciting and tempting to customize your vehicle, it increases your insurance premium. Modifying your car is one of the primary reasons for your premium amount touching the roof. Any small or big change which makes your car look different, efficient, or appealing from the factory's model is called car modification. Insurance premiums for modified cars are higher compared to regular car insurance. It is because modifications can increase the risk of theft or efficiency of your vehicle, and because insurance is a feature that covers the risks, it costs higher. For instance, if you fit your vehicle with a turbo engine, while your car's speed would go up, it would also mean a higher risk of getting into an accident.
It also increases the risk of theft if you modify your car to make it look more appealing or beautiful, like with alloys. Your insurance provider considers all these probabilities, and your premium amount increases as you modify your vehicle. On the other hand, if you install parking sensors in your car, the premium would decrease as the risk of you smashing your vehicle while reversing reduces. Modifications to your car's interiors, paint, or wheels can increase the premium that you would pay. While it might seem exciting to modify your vehicle in some way or the other, it is not advisable if you want to keep your premiums low.
Get your comprehensive car insurance policy from HDFC Ergo today!
According to Motor Vehicles Act, 1988, you must transfer the existing insurance policy to the car's new owner as the seller within 14 days of the sale.
An important part of an exchange or buying-selling of cars is the exchange or transfer of insurance policy from the previous to the next owner. You purchase insurance to secure your car financially from unforeseen risks. There is no point in keeping a car insurance policy if you don't have a car. Hence you must ensure you transfer the insurance policy in the new car owner's name. If you purchase a car from someone else, ensure the policy is transferred to your name.
Get your comprehensive car insurance policy from HDFC Ergo today!
Comprehensive car insurance is a package that will offer you cover for damage and loss to both the involved parties. It includes own damage and third party liabilities. It is an all-inclusive insurance plan. A policyholder can improve their coverage by buying add -ons like NCB cover, zero -depreciation cover, Bi-fuel kit cover, and so on.
Here is what you get with a comprehensive car insurance policy:
1. It will get you compensation for third party liabilities arising from an accident caused by the car's driver-policyholder.
2. Cover for the insured vehicle in case of damages
3. You get Personal Accident Cover for the driver-policyholder.
4. You don't need to buy third party insurance separately, as a comprehensive insurance policy includes that.
5. You can buy various add -ons to enhance the coverage you get.
While buying comprehensive insurance might be the smartest thing, it is not mandatory. It is mandatory to have third -party insurance if you want to drive on Indian roads as per the Motor Vehicles Act 1988. You should get comprehensive vehicle insurance if you want your insured vehicle's complete protection against risks like natural calamities, third party liabilities, theft, accidents, etc. The insured will be compensated if their vehicle requires repairs or replacement in case of partial/total loss and damage. Comprehensive vehicle insurance covers third -party liabilities and own damages. It will also cover property damage, disability, and third party's death. It also provides a personal accident cover which is beneficial if the vehicle owner dies or is injured in an accident.
You get the following coverage in comprehensive insurance:
Own Damage Cover: A crucial feature of comprehensive vehicle insurance is the own -damage cover. It protects the policyholder from damages to their vehicle. The OD cover protects the insured vehicle from man-made disasters, natural calamities, in-transit damages, accidental damages, etc. The driver-owner of the vehicle also gets personal accident cover. It provides a cover to the driver-owner from death or accidental injuries.
Third -Party Liability Cover: It is mandatory to have third -party insurance to drive on Indian roads as per Motor Vehicles Act, 1988. The third -party liability cover protects you from:
• Liabilities against a third party in consequence of an accident
• Liabilities against death/third -party injuries
• Liabilities against third -party property damage
You can get a cheaper comprehensive policy when you buy it online from HDFC Ergo. It is cheaper online as the operating costs of selling online are less, and the insurance company can offer discounts.
You can renew your comprehensive car insurance policy anytime online. Insurance providers like HDFC Ergo provide comprehensive car insurance policies.
It is a very easy process to renew your comprehensive car
insurance policy online. Just go to the HDFC Ergo website, fill in your details and renew your comprehensive car insurance policy online in minutes.
The process of raising a car insurance claim includes submitting a few documents. You should keep the documents ready before submitting any claim. Also, the documents differ depending upon the type of claim you are raising. Let us see few instances below:
Accident Claims
• A claim form with your signature that you have filled
• Your tax receipts
• A copy of the car insurance policy and copy of registration certificate (RC).
• Your driving license
• FIR copy
• Car repair's estimated cost bill. Also, original repair bill will also be required.
• Payment receipts
• Address proof
Car Theft
• A copy of the insurance policy and RC.
• RTO's theft declaration
• FIR copy
• Subrogation letter
• Your tax receipts
• Warranty cards
• Duplicate keys
• Form 28, 29, 30 & 35.
• Claim discharge voucher with a revenue stamp and signature
Third-Party - For third party claim, you will have to submit claim form along with insurance copy, FIR and copy of RC & Driving License.
We recommend the following to purchase comprehensive car insurance:
• A New Car Owner
It costs a lot to buy a new car, and you must protect it at all costs. Comprehensive car insurance protects you from various liabilities and provides financial assistance.
• People Who Road Trip
You must get comprehensive car insurance if you like to go on road trips and travel to different cities and places. You can get roadside assistance as an add -on for any unexpected mishap.
• Metropolitan City Car Owner
If you live in a metropolitan city, you should get comprehensive car insurance to protect yourself in accidents, pollution, traffic, etc.
Comprehensive insurance, as the name implies, is an insurance option that protects your vehicle against accidents, fire, theft, and other insured events, as well as third -party claims and windscreen and glass repairs. If you lease or finance your vehicle, your lender may require you to purchase a comprehensive policy until the end of your lease or until you pay off your vehicle. And Full coverage is a bad investment between 10 and 15 years after a vehicle's model year. While the cost of full coverage alone is unlikely to exceed the value of a car, the cost of insurance is more likely to exceed the value of the car after an accident. Normally, the duration of comprehensive car insurance is one year and you have to renew the policy after its expiry date.
You can transfer your NCB benefit from one insurance company to another without losing NCB benefit. NCB will remain valid if your insurance company changes and the benefit of NCB can be used with your new insurer. However, it is important to keep in mind the below-listed pointers while doing so:
• The no -claim bonus (NCB) is a benefit provided to consumers of the company when they replenish their policy initiatives if they did not make any assertions during the prior policy term. A no -claim incentive is offered to customers who did not submit a claim during the previous policy period. The no -claim bonus varies from 0% to 50% for every assertion year. NCB in liability coverage is legitimate for 90 days after the expiry date of the policy, after which it expires. A greater NCB equates into a greater rebate for the consumer. If a claim is made, the NCB is lowered to 0% in the first year and then rises for every year the assertion is not made.
• In an insurance plan, a No Claim Bonus (NCB) is a price reduction provided by the insurance provider on the own harm segment of the policy for consumers who haven't asserted claims in the previous years. Customers who do not submit minor claims or who drive responsibly are eligible for the no -claim bonus.
• The NCB, or No Claim Bonus, is a discount on your insurance premium that you can apply to your policy when it is time to renew. It is a bonus paid by an insurance company to an insured for not filing any claims during the policy year.
Third party car insurance is the most basic and legal type of car insurance policy if you do not want a comprehensive car insurance policy. This, as the name implies, will only protect you from third -party damages and losses, not your own.
The primary distinction between third party and comprehensive insurance is the type of coverage provided. Comprehensive car insurance covers your own damages and losses, whereas third party insurance only covers those of others. In India, selecting the right type of vehicle insurance is critical. After all, having at least basic third party insurance is a legal requirement. Failure to have one may result in fines and even suspension of your driver's licence!
To avoid hefty fines as well as damages and losses caused by accidents, collisions, floods, theft, and other mishaps, it's critical to understand the difference between comprehensive car insurance and third -party car insurance and to decide which is best for you.
One of the most common types of car insurance policies is comprehensive car insurance, which covers not only third -party liabilities and losses but also damages to you and your vehicle.
Yes, you can shift your car insurance plan from a third -party liability plan to a comprehensive car insurance plan because of the below -listed reasons:
1. To cover the losses of your car
Get coverage for your own car's damages and losses caused by unforeseen events such as accidents, collisions, monsoon floods, fires, and so on.
2. For covering the third -party duties
Get coverage for all third -party liabilities, such as hitting and damaging someone's vehicle, injuring a third -party person, or damaging someone's property.
3. Improvisation of your policy for the betterment
Customize your car insurance even further by selecting different add -ons and covers that will provide better coverage for your vehicle. As an example: By including breakdown assistance/roadside assistance in your policy, you gain the ability to seek our assistance for both big and small problems.
4. You can customise your IDV.
You can also customise your car's IDV with our comprehensive car insurance policy.
5. Personal Accident Insurance required
A comprehensive car insurance policy eliminates the need to purchase a separate personal accident policy because it covers everything.
Note: If you already have a third -party liability policy that is about to expire, you can get a separate Own Damage Only Policy to cover your own car.
1. Install anti-theft devices: Installing anti-theft devices in your car automatically helps reduce certain risks. Thus, saving your insurance provider a fortune. These savings can help you get lower premium rates on your car insurance.
2. Avoid filing claims for minor repairs: If you file a claim within a policy year, you will forfeit your no -claim benefit. No -claim bonus is a reward given to the policyholder by the insurance provider for each year without a claim. For five years in a row with no claims, NCB can reach 50%. Therefore, be cautious while filing for claims, as it may affect your NCB in the long run.
3. Increase the Deductibles: Deductibles are the amounts you pay out of your pocket in case of an accident. If you are comfortable with it, you can choose to pay for a few deductibles. When your insurance policy fully covers you without deductibles, you will pay higher insurance premiums.
4. Use the accumulated no -claim bonus: As mentioned above, NCB can help you save a fortune on your insurance premium. Do not hesitate to put that claim into action. In your first year without claims, you can get upto 20% discounts. These discounts may increase upto 50% for no claims for five consecutive years.
5. Avoid modifications: Everybody wishes to customize their car according to their will, but doing so may incur extra costs. Replacing the wheels, interior, or any other part of your car also risks high replacement costs. Thus more risk for your insurance provider. Avoid making high-end modifications to ensure lower premium rates.
6. Renew the car policy online: Renewing car policies online can offer you discounts of up to 70%. It helps the insurer save a fortune on employment costs, thus giving you the benefit. This is because there are no middlemen or brokers in the process.
The amount of premium to be paid is one of the first questions that come to mind when thinking about insurance. It is comparatively easier to know the premium of new cars, while in second-hand cars; you may have to consider a few things. All you need to do is follow the given simple steps, and you can know the premium amount.
• Visit HDFC ERGO website
• Provide all the details about your car, like the model, variant, year of purchase, etc.
• All previous details of claims need to be mentioned as well, along with the policy number & name of your insurance provider.
• Choose the type of policy you want - just a third party or a comprehensive one.
• Choose 'Submit' or 'Calculate' to get the results based on your tool.
Comprehensive car insurance provides your vehicle with much-needed protection, including extensive coverage from numerous risks such as natural disasters, theft, accidents, and fires. Not only that, but comprehensive insurance also provides coverage for third -party liabilities. If that isn't enough, it is also customizable and can be further enhanced with your choice of add -on covers ranging from zero depreciation to emergency assistance. In short, yes, comprehensive car insurance offers coverage in case of natural disasters as well.
Comprehensive car insurance policies are usually expensive as they offer complete coverage concerning all possible damages. But on the bright side, it also confirms that you are fully insured & need not worry about anything.
In case you have suffered damages from natural calamities, you can follow the below-mentioned steps to file claims:
• Gather photographic evidence of the damage caused. Document all evidence clearly to submit it to the insurance company.
• With the evidence in hand, contact your insurer immediately to file a claim. It is advisable to take immediate action as multiple policyholders may do the same.
• Consult a local mechanic or a car workshop to assess the cost of damages in total. This is only to ensure that you receive fair compensation from your insurer.
• Be patient. In a natural disaster, there may be multiple people whose claims would be worked on.
Before you file for these claims, a few things to note is not to tamper with your car before getting enough proof. Also, make sure not to make any repairs before discussing it with your provider. Once the claim has been made, a surveyor will be sent on behalf of your insurer to inspect the situation.