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Motor Insurance For Vehicle

Name: Motor Insurance
Brand: HDFC ERGO
Rating: 4.4 (158678 reviews)

Every policyholder should have a motor insurance policy to protect their expenses due to vehicle damage losses from unforeseen events. A motor vehicle insurance will help you ride your vehicle with a peace of mind. Your vehicle has a special place in your heart. While you cannot bubble wrap your vehicles against unwanted damages or loss, you can ensure their security with motor insurance. Look no further, HDFC ERGO is your one stop solution for motor vehicle insurance whether it is for your car or your two wheeler.

While accidents and road mishaps might not be avoidable, having motor insurance for your beloved car/ bike can save you from paying hefty repair bill for your vehicle. The damages your vehicle may suffer due to a natural calamity, such as an earthquake, flood, landslide etc., or a man-made disaster, can be compensated for when you have the right motor vehicle insurance policy. When you buy a vehicle, buying insurance is not just a legal mandate but also very much needed. The coverage can help you cover the costs of repair that your car/ bike has suffered. You can buy motor insurance online from HDFC ERGO and choose plan as per your requirement.

Types of Motor Insurance Offered For Vehicle

Motor insurance policy is imperative for the protection of your car/bike. Here are the types of plans available for you to choose from

Car Insurance
Two Wheeler Insurance

Car insurance or four-wheeler insurance is where the insurance provider agrees to offer coverage for the owner’s car against damage or expenses incurred due to accidents, natural calamities, theft, etc., in return for a premium. A formal agreement is signed by both parties, which becomes a legal insurance cover. Below are a few types of car insurance:

Third party Car Insurance

To reduce the financial strain on vehicle owners, the government mandates a minimum of third party liability insurance coverage under the Motor Vehicle Act 1988. Third party car insurance pays the unanticipated accidental damage or losses incurred to a third person because of the policyholder’s car. This coverage includes accidental expense, damage to the property, disability, or death.

Comprehensive Car Insurance

Comprehensive car insurance is complete coverage for your car. It includes third party liability plus own damage coverage. This means if you hit someone unintentionally, the accidental damage will be compensated for your car and the person you hit. You can also opt for add-ons. Comprehensive car insurance is recommended if you do not want to spend a hefty amount of money on repair charges.

Bundled Car Insurance
Plan (1+3)

As per the new insurance rules, a car purchased after September 2019 needs to have bundled motor insurance which includes 3 years of third party insurance coverage and 1 year of own damage. The own damage cover can be renewed on an annual basis either from the same insurer as the bundled plan or from a different one.

Standalone Car Insurance

Standalone car Insurance protects you from your own damage to the car. However, this insurance plan is provided only to those who have valid third party insurance for their car. The coverage includes accidental cover, natural disasters, fire and theft. So, all new car insurance owners can opt for a standalone car insurance plan from the second year as their bundled car insurance policy would provide 3 years of third party coverage.

Two wheeler insurance provides coverage to a bike owner from unanticipated accidents, natural disasters, etc. Below are a few types of two wheeler insurance:

Third party Two Wheeler
Insurance

As per the Motor Vehicle Act, of 1988, third party two wheeler insurance is a mandatory insurance cover for all bike holders across India. It provides security against the losses incurred to a third party individual, or their property because of an unintentional collision with your bike. It also provides death coverage. However, the damages to your bike will not be covered under the TP cover.

Comprehensive Two
Wheeler Insurance

Comprehensive two wheeler insurance, as the name suggests, is a wide range of coverage against various damages that your bike may suffer, such as unintentional accidental damages, damage due to fire or theft, natural disasters, and riots, and includes third party liability coverage.

Bundled Two wheeler
Insurance (1+5)

Bikes purchased after September 2019 need to opt for the bundled bike insurance cover, where the thitd-party liabilities are covered for 5 years and the own-damage offers coverage for 1 year. The bike owner can get an annual motor insurance renewal of their own damage cover from an insurance company of his/ her choice.

Multi-Year Two Wheeler Insurance

With the long term two wheeler insurance cover, you can protect your bike for two or three years. You can not only save yourself from the hassle of annual renewals but also considerably save on the premium costs.

Standalone Two Wheeler Insurance

Standalone two wheeler insurance can be taken only by someone who already has valid third party insurance. It provides coverage against accidents, theft, natural calamities, fire, etc.

Features of Vehicle Insurance Online

Feature	Description
Third-party Damage	Motor vehicle insurance covers third-party person/property damage and physical injury to the third party involved in the accident caused by the insured car.
Own Damage Cover	The standalone own damage cover of motor insurance policy will provide coverage for damage sustained by your car due to fire, collision, man-made disasters and natural disasters.
No Claim Bonus	The motor insurance policy will give you up to 50% reduction in subsequent premiums if you don’t raise any claims during the policy period.
Pocket-Friendly Premiums	The HDFC ERGO motor insurance are affordable. The motor bike insurance starts at Rs 538 while car insurance is available from Rs 2094.
Cashless Garages	HDFC ERGO offers over 6700+ cashless garages for car providing free maintenance and replacement services. While for two wheeler there are 2000 plus garages.
Claim Settlement Ratio	HDFC ERGO has a record of 100% claim settlement ratio for its motor insurance policies.

Benefits of Motor Insurance Online

The benefits of having the motor vehicle insurance policy are:

Benefit	Description
Holistic Coverage	Motor vehicle insurance covers practically every situation that could cause damage to your vehicle. However, standalone own damage cover and comprehensive cover provide coverage for own damage of the vehicle.
Legal Charges	The motor insurance policy covers legal fees paid to your lawyer if someone files a lawsuit for an accident involving your car.
Adherence to Law	Motor Insurance policy can help avoid penalties, as third-party vehicle coverage is legally mandatory. If you drive with expired motor insurance policy, you could be fined up to Rs 4000.
Flexible	You can raise the scope of coverage by selecting a suitable add on cover like no claim bonus protection cover, zero depreciation, roadside assistance, etc.

Motor Insurance Policy inclusions and exclusions

What is covered?
What is not covered?

Accidents

Damages arising out of accidents are covered under this policy. Worry not and enjoy your drive!

Fire & Explosion

An unexpected fire or explosion can reduce your ride to ashes, but we promise to protect your finances!

Theft

Don’t let the thought of car or bike theft rob you off your sleep. We cover you for the losses incurred in case your ride is stolen.

Covered in Car insurance policy - Calamities

Natural Calamities

Situations like natural calamities are out of hand but not out of scope. We cover damages to your car or bike in case of natural calamities such as floods or earthquakes

Personal Accident

We offer a compulsory personal accident cover to cover your treatment charges, in case of injuries due to an accident. Always prioritizing your safety is our promise!

Third Party Liability

Any damage to a third party property or injuries are covered through our third party insurance feature

Depreciation

Long exposure to roads can result in wear and tear, but regrettably, we do not cover the depreciation in the value of your car

Electrical & Mechanical Breakdown

Similar to any machine, your car can too have electrical or mechanical issues, however, they remain outside the scope of coverage

Illegal Driving

Driving without a valid driving license or under the influence of alcohol or substances is neither cool not covered

Why Do You Need Motor Insurance For Your Vehicle?

As the number of vehicles on Indian roads increases day by day, despite being a cautious driver, you are always at risk of being in a collision. And it's not just drivers’ negligence on the road, jaywalking pedestrians, stray animals on the highway, or trying to save kids running on the road. Accidents can happen anywhere, anytime. Understanding the motor insurance meaning will help you understand how having a motor insurance is imperative.

Take a look at how your motor insurance can help:

It is a legal mandate

Motor Vehicle Act 1961 makes it mandatory for every motorised vehicle to have minimal third party liability insurance coverage to ply your vehicle on Indian roads. Thus, a motor insurance policy is considered to be a mandatory requirement.

Save yourself and others

Your motor insurance policy would help cover the cost of repairs to your vehicle in case of an accident, as well as that of the others.

Cover from unpredictable disasters

The damage to your vehicle due to manmade disasters would be covered by a motor insurance policy.

Cover the legal liabilities

The legal liabilities that occur due to an accident caused due to your fault/ negligence would be covered under the motor insurance policy

6 Reasons Why HDFC ERGO’s Motor Insurance Should Be Your First Choice

Premium starting at Just ₹2072*

Now protect your ride with a trusted brand such as ours at unbelievable prices!

Upto 70% Off^ on Premium

The second best reason to buy HDFC ERGO car insurance? Massive discounts on your premium. Need we say more?

Network of 8500+ Cashless Garages^**

With a network of 8500+ cashless garages, find us at every milestone wherever the road takes you

Buy Policy in Less Than 3 minutes

Why resort to traditional methods when you can buy policy in three minutes?

Zero Documentation & Instant Policy:

Paperless is the new normal with our online insurance buying process.

24x7 Roadside Assistance

We don't let a dull moment ruin your journey with our 24x7 Roadside Assistance.

Compare HDFC ERGO Motor Insurance Plans

You can choose third party or comprehensive or standalone own damage cover for your motor insurance policy. Let us compare these three plans

Covers Under Motor Insurance	Comprehensive Cover	Third Party Cover	Standalone Own Damage Cover
Damage due to natural calamities – Earthquake, cyclone, floods etc.	Included	Excluded	Included
Damage due to events like – Fire, theft, vandalism etc.	Included	Excluded	Included
Choice of add-ons – Zero depreciation, NCB protect etc.	Included	Excluded	Included
Customization of car value	Included	Excluded	Included
Personal accident cover of Rs. 15 Lakhs~*	Included	Included	Included
Damage to third party vehicle/ property	Included	Included	Excluded
Injury to a third party person	Included	Included	Excluded

For overall protection of your vehicle is is wise to purchase long term comprehensive plan for your motor insurance policy. However, if you already have a third party cover, you can buy standalone own damage cover and get expenses secured for damage to your own vehicle due to any insurable peril.

Get Added Protection with Our Motor Insurance Add-On Covers

Zero Depreciation Cover

In case your car or bike gets damaged, this add-on will ensure that you get the full claim amount without any deduction for depreciation.

NCB protection (for cars)

This add-on protects the No Claim Bonus you have earned till date and carries it on to the next slab, so you get a massive discount on the premium.

Emergency Assistance Cover

If your car or bike breaks down without warning, this add-on will get you help round the clock.

Loss of Personal Belonging

With this add on cover you will get coverage for loss of your personal belongings such as clothes, laptops, mobile, and vehicle documents like registration certificates, etc.

Return to Invoice (for cars)

Is your car completely damaged or stolen? Don’t worry as this add-on will help you get your invoice value back.

Engine and gearbox protection (for cars)

Getting a damaged engine fixed can be quite expensive. But not with this add-on.

Downtime protection (for cars)

In case your car has to get repaired at one of the insurer’s network garage, you will be compensated for what you are spending on alternate commute.

Cost of Consumables

This add on cover with motor vehicle insurance provide coverage for consumables items like lubricants, engine oil, brake oil, etc.

How to Use a Motor Insurance Calculator?

While buying or renewing a 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

You can use our car insurance calculator or bike insurance calculator to calculate the motor insurance premium. Apart from this you can also view your motor insurance quote online by visiting our car insurance or bike insurance page.

Out motor insurance premium calculator is a speedy online tool that helps you calculate the premium money that you would have to pay towards your motor insurance policy. You just need to put a few details, such as your name, mobile number, vehicle and city details, and preferred policy type. The premium calculator for motor insurance policy will give you the exact premium amount.

How to Reduce Vehicle Insurance Premium

Here are few ways to reduce motor vehicle insurance premium:

Compare Motor Insurance Online

Comparing motor vehicle insurance online is something that all buyers must undertake without fail. Comparing policies allows you to evaluate different plans, most of which you would have otherwise missed out on before you arrive at your final decision. You can check motor insurance quote online. Insurance premiums generally differ with the difference in motor insurance policy, and the extent of coverage they offer.

Get Anti-Theft Devices

By installing Anti-theft devicesin in your vehicle, you can reduce the probability rate of theft or robbery. This will also reduce chances of making motor insurance claims (related to theft or robbery). Hence, insurance companies offer certain discounts to vehicle owners who have anti-theft devices installed in their cars.

Don’t Make Small Claims

Insurers allow policyholders to maximize benefits in the form of NCBs (No Claim Bonus) for an insurance term, wherein they haven’t made any claims. These benefits are generally offered in the form of lower premiums, and insured person can avail it at the end of the policy year, during policy renewals.

Don’t Let Your Motor Insurance Policy Lapse

Ensure that you renew motor insurance policy on timely basis. By forgetting to renew and letting it lapse, you will not only have to purchase a new plan again but may also have to pay a penalty. Also, you become ineligible for a No Claim Bonus, despite having made no claims during the policy tenure. However, NCB benefit lapse, if you do not renew motor insurance policy within 90 days of its expiry. You can renew motor insurance online easily through HDFC ERGO website without any hurdles.

Avoid Choosing Unnecessary Add-on Covers

Policyholders can also cut down on their motor insurance premium by opting for only the required amount of coverage. Buying unnecesary add on will add to your premium.

How to Buy Motor Insurance Policy For Your Vehicle Online

To buy a new motor insurance policy online

1. Visit our website fill in the details, including your vehicle registration number, mobile number and email address.

2. Enter the policy details and the add-on to the cover you would like to opt for.

3. Complete the process by paying the premium amount via online payment.

A confirmation mail along with the policy will be mailed to you.

How to Renew Your Motor Insurance Online

To renew existing motor nsurance policy online

1. Visit our website and select renew the policy.

2. Enter the details, include/ exclude the add on covers and complete the journey by paying the premium online.

3. The renewed policy will be mailed to your registered email id.

Importance of Motor Insurance Renewal

Here are some of the benefit of renewing motor insurance online with HDFC ERGO

Benefit	Description
Third Party Coverage	In an accident involving insured person's vehicle, the expenses related to third-party property/person damages will be borne by insurer if you renew motor insurance policy on time.
Comprehensive Coverage	By renewing expired motor insurance online, you continue to get coverage against natural calamities and man-made disasters. You also get coverage for vehicle damage due to fire and other insurable peril.
No Claim Bonus (NCB)	When you renew motor insurance without raising a claim during the policy period, you will be eligible for NCB benefit. It is a discount on insurance premium, you can use during motor insurance policy renewal.
Car Insurance Online	Motor insurance renewal online can be done through HDFC ERGO website. You can simply enter few details about your vehicle, previous policy and buy the policy online within few minutes.
Security	By renewing motor insurance policy on time you can drive around with peace of mind and not worry about the thoughts of the financial implications of an accident.
Traffic Penalty	By renewing your policy you can avoid paying traffic fines to RTO. As driving with expired motor insurance policy is illegal as per the Motor Vehicles Act of 1988.

Motor Insurance Claims Simplified for You

It cannot get any simpler! Our 4 step process will put to ease your claim related queries:

Step #1
Ditch the paperwork! Register your claim and share required documents online.
Step #2
You can opt for self-inspection or an app enabled digital inspection by a surveyor or workshop partner.
Step #3
Relax and keep track of your claim status through the claim tracker.
Step #4
Take it easy while your claim is approved and settled with the network garage!

Claim Related Worries? Not Anymore!

Owning a vehicle comes with its share of responsibility and worries, one of these is the hassle you may face if you need to make a claim against damage to your car or bike. With HDFC ERGO your claim related worries can take a backseat, we are not just blowing our own trumpet, read on and then agree with us:

Scenario 1

80% of our car claims are settled within one day of the receiptˇ

No one likes long waiting, we understand! And that is why we process 80% of our claims within one day of the receipts received.

Scenario 2

We offer unlimited claims

Worried about frequent claims being rejected? We do not let that thought make you feel helpless as we offer unlimited claims for your car or two wheeler damages.

Scenario 3

Rated iAAA: Highest claims paying ability

We do not say it, they do! You heard that right! We have been rated iAAA by ICRA indicating our highest claim paying ability.

Scenario 4

AI enabled tool

The world has gone digital and so has our claims process. Once you file your claim, tracking the status is easy with our AI-enabled tool. Say goodbye to complicated claim processes!

Scenario 5

Paperless claims

We believe in making insurance simple, one-step at a time! We have made our claims paperless and smart phone-enabled. Now check your damages yourself using video inspection and follow guided process to file your claim through your mobile. Fairly simple, isn’t it?

80% of our car claims are settled within one day of the receiptˇ

No one likes long waiting, we understand! And that is why we process 80% of our claims within one day of the receipts received.

We offer unlimited claims

Worried about frequent claims being rejected? We do not let that thought make you feel helpless as we offer unlimited claims for your car or two wheeler damages.

Rated iAAA: Highest claims paying ability

We do not say it, they do! You heard that right! We have been rated iAAA by ICRA indicating our highest claim paying ability.

AI enabled tool

The world has gone digital and so has our claims process. Once you file your claim, tracking the status is easy with our AI-enabled tool. Say goodbye to complicated claim processes!

Paperless claims

Factors that Affect Your Motor Insurance Premium

From whether you drive an SUV to where you reside, there are several factors that come into play before you get the motor insurance quote pop on your screen. Here we list down the top factors that impact your motor insurance premium:

How old is your vehicle?

Is your car a graduation gift from your parents you received a decade back? Or do you still ride the bike you got from your first salary in the late 90’s? These questions are crucial in deciding the premium amount you will pay because the bottom-line is the older your vehicle the more you need to shell out in terms of insurance premium.

Which vehicle do you drive?

Whether you drive an old school scooter or a swanky sedan, the premium amount for your prized possession will differ as per the make and model of your vehicle.

Where do you reside?

Do you live in a gated community with advanced security or an area notorious for its crime rate? Well, your answer is the key to how much you will end up paying for your car or two wheeler insurance.

What is your vehicle’s engine capacity and fuel type?

Whether you are an environmentalist who opted for an electric scooter or a speed buff who thrive on higher horsepower, your vehicle’s engine capacity and fuel type are important factors in deciding your vehicle insurance premium amount.

Why is Motor Insurance Mandatory in India?

Motor vehicle insurance is mandatory in India considering the high number of motor vehicle accidents that occurs in India. The main reason is to protect public interest, promote safe driving habits, and offer financial protection to car owners. Having a valid motor insurance policy is essential to comply with the law and ensure that you are financially protected in case of any unforeseen events.

In India, as per the Motor Vehicles Act of 1988, it is mandatory that all vehicles that operate in any public space must have the third party cover of motor vehicle insurance.

Motor Vehicle Rule Updation by IRDAI

The following are the amended rules of IRDAI:

• For purchasing Long-term car insurance plans, the duration of the policy period should be at least three years.

• You can lower premium amount by purchasing only third-party long-term policy.

• Standalone own-damage cover can be purchased along with third-party insurance policy on an annual basis.

• The grid for NCB slab is the same for all insurance companies.

• In case of total loss or theft claims, registration Certificate (RC) will stand cancelled, and the policyholder must send the RC to the insurance companies.

• Compulsory deductibles and Standard deductibles are now the same.

• For cars with 1500cc or less and cars with 1500cc or more engine displacement capacity, the standard deductible are fixed at Rs.1000 and Rs.2000, respectively.

• Insurance cover of Rs. 25,000 is mandatory for all passengers travelling in the insured vehicle as per recommendation of IRDAI.

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Car Insurance for Popular Indian Models

Hyundai Creta Car Insurance	Hyundai I20 Car Insurance	Maruti Suzuki Swift Car Insurance
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Two Wheeler Insurance for Popular Indian Models

Honda Activa Two Wheeler Insurance	TVS Jupiter Two Wheeler Insurance	Suzuki Access Two Wheeler Insurance
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Hero CBZ Xtreme Two Wheeler Insurance	Hero Electric Two Wheeler Insurance	Hero HF Deluxe Two Wheeler Insurance
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Motor Insurance FAQs

1. What does Motor Insurance Cover?

Motor insurance covers third party damage liability that may occur when you accidentally damage a third party property/person. However, if you opt for comprehensive insurance, almost all damages to your vehicle are also covered.

2. How to cancel my claim?

To cancel your motor insurance claim form, you need to connect with your insurance provider, or you can directly visit their official website and cancel the same.

3. Is it mandatory to have a motor insurance plan?

Yes, it is mandatory to have a valid motor insurance policy. Under Motor Vehicle Act 1988, every vehicle owner in India must have a valid third party motor insurance plan to ply their vehicle on Indian roads. This is the legal requirement. However, it is prudent to cover your own vehicle as well, so that the damages to your own vehicle are also paid by the insurer and you need not shell it out of your own pocket. Thus, it is advisable to opt for a comprehensive motor insurance plan to ensure that your vehicle is adequately covered.

4. Can I transfer my motor insurance to my new vehicle?

You may transfer your motor insurance policy to your new vehicle; however, make sure that the coverage is sufficient if there is an upgrade of the vehicle. If you are selling your old vehicle, you can obtain a No Claim Bonus certificate from your existing insurer and then apply to transfer the same to your new vehicle as NCB pertains to the driver and not the vehicle. This will help you save money when you buy your motor insurance online for the new vehicle. Make sure to compare the motor insurance quotes when planning to buy new motor insurance online.

5. How is the motor insurance premium calculated?

The motor insurance premium is calculated based on a number of factors such as the make, model, variant of the vehicle, fuel type, age and engine capacity. The age of the policyholder can also play a role in determining the premium. You can use the motor insurance calculator to calculate your motor insurance premium. The motor insurance premium calculator is a free online tool that you can use as many times as you want.

6. What happens if we do not have motor insurance?

As per the Motor Vehicle Act 1988, every vehicle owner across India must need to have at least a third party vehicle insurance cover. If not, the person can be penalised with a fine of INR 2,000 or more and/ or can be sent to prison for 3 months.