Tata Safari Car Insurance Online

The prominent benefits of buying car insurance online can be summed up thus:
● Cheaper: better deals and discounts
● Paperless and Hassle-free: less steps involved in processing and approval
● Quick and Convenient: no need to visit branch offices or go through piles of documentation. Easily done
from the comfort of your own home. Quick processing and issuance of the policy.
● Simple Claims and Renewal Process: Since all the information is pre-stored, you do not need to provide it again while filing claims or renewing your policy. The online policy system helps you keep a track of important dates and other aspects so you never miss a deadline and can enjoy all the benefits.
● Easy to Review and Save: online version of the policy is easily stored and accessible anytime and anywhere.

IDV is the Insured Declared Value of your car. It is, basically, the maximum amount assured that the insurer will pay in case of the theft or total loss of your Tata Safari, in an accident or any such mishap. In simpler terms, the IDV is calculated as the manufacturer price minus the age related depreciation.
It is very important to be mindful while quoting the IDV of your Safari as it will also have a direct impact on your insurance premium. Over-inflating the IDV will result in higher premiums, and quoting a low IDV to save premium cost will result in a lower sum assured when you truly need it.

Here is a list of the key factors used to determine the IDV of the vehicle being insured:
● Type of Car and Model: The type of the vehicle and the variant purchased are directly related to its value and the estimated cost of its repairs. A high value vehicle is more likely to have a higher IDV, hence higher premiums as well.
● Age of the Car: A new car has a higher IDV and the older it gets the IDV keeps reducing. So, the IDV of your new Tata Safari is going to be more than a version that is a few years older.
● Yearly Depreciation: Age leads to depreciation of value. While different insurers may use different percentages to calculate this depreciation, you can use online calculators to get a general estimation of the IDV for your Tata Safari.
● City of Registration: The city where your Safari is registered also has a bearing in the overall IDV. Metro cities may have higher taxes (adding to the original cost of the value) and also may pose more threats to the car as compared to smaller cities and towns. This also is taken into account while doing the risk profiling of your insurance application.

Add-on covers are optional packages which can be added as riders over your standard comprehensive insurance plan. These can be very helpful to protect you from the risks which are not covered under the original plan. Visit the HDFC ERGO website to understand how to apply add-ons to get the most benefits.

Top insurers give you a grace period even after the expiry of the current policy. HDFC ERGO, for example, gives you 90 days to renew your insurance before it lapses entirely.

A Third Party plan is the cheapest form of car insurance which lets you meet the legal obligations arising out of damages caused by you to another person. However, it is not recommended for new cars since it offers no cover for expenses incurred by you due to damages to your vehicle. Hence, a comprehensive plan is the right option.