Car Insurance

• Step 1: Visit the HDFC ERGO website and click on car insurance. On the top of the page, you can enter the vehicle registration number in the box and proceed by clicking on get a quote. You can even proceed without a car number or click on renew HDFC ERGO car insurance policy if your current policy with HDFC ERGO has expired.

• Step 2: After clicking on get a quote or proceed without the car number, you will have to enter your car’s make and model.

• Step 3:You must choose between a third party car insurance and a comprehensive car insurance plan

• Step 4: Give details about your last insurance policy- Date of Expiry, No Claim Bonus Earned and Claims Made. Enter your mobile number and email ID.

• Step 5: You can now view your car insurance premium. If you have chosen a comprehensive plan, you can customise your plan further by selecting add-ons like zero depreciation, emergency assistance, return to invoice and more.

Calculating car insurance premium at the HDFC ERGO website is smooth and easy. You can also use our car insurance premium calculator for your convenience.

• 1. Driving License 
  A Driving Licence is a legal document that authorises you to drive your vehicle on the Indian roads. There are different types of driving licenses issued by the different RTO (Regional Transport office) which validates one to drive a two wheeler, four wheeler or a commercial vehicle on the Indian roads. You need to follow basic driving rules and traffic regulations and clear a driving test to get a valid licence

• 2. RTO
   The Regional Transport Office or the RTO is the official government body which registers all vehicles in the Indian subcontinent as well as issues driving licences. In fact, the officials of the RTO are responsible for the upkeep of the database of all registered vehicles plying in India and the record for all valid driving licences.

• 3. Third Party Liability Coverage
   The third party only motor insurance plan is a mandatory insurance policy that you need to drive your vehicle on the Indian roads. This plan provides coverage from all legal liabilities which could possibly arise out of any third party damages, such as person, property or vehicle due to any accident caused by the insured car. There is no limit for the coverage provided for the death of a third person or injury. However, the damage for a third party property and vehicle is limited to a maximum of Rs 7.5 lakhs. Thus, in order to ply your vehicle on the Indian roads, a third party motor insurance policy is compulsory. .

• 4. Comprehensive Coverage
   Comprehensive motor insurance plans provide coverage for third party liabilities along with damages of your own vehicle as well. It is not mandatory but advisable to opt for a comprehensive plan rather than a third party-only insurance policy so that you do not have unwarranted out-of-pocket expenses to repair your own vehicle in case of any accidental damages. This plan provides coverage to your vehicle from any natural calamity such as fire, flood, etc. as well as all man-made calamity such as theft along with providing adequate coverage for damages due to road accidents. Thus, if you want complete protection of your vehicle, then you must opt for a comprehensive car insurance plan. In fact, you can enhance the plan’s coverage by opting for additional rider benefits as well.

• 5. Car Insurance Premium
   "The amount of money that you need to pay to the insurer for insuring your vehicle against all the associated risks for the given tenure is called a Car Insurance Premium. This amount is determined on the basis of your car’s IDV (insured declared) value along with other aspects and is fixed for the given tenure for which it provides coverage against accidental damages.
  The premium amount varies on multiple factors such as make and model of your vehicle, the geographical location as well as the age of the car. It also depends on your driving experience and the amount of no-claim bonus that you would have accumulated over the years. Thus, it is a good idea to check the premium and its associated benefits before opting for the plan."

• 6. Insured Declared Value
   The IDV or the Insured Declared Value of your car is a significant aspect for you to understand before opting for a car insurance plan. This is the maximum amount of money that the insurer would pay as a claim in case of a total damage or loss of the car in an accident or theft. All other claim amounts are calculated basis the IDV, i.e. as a percentage of the IDV when the damage is not considered a total or a complete damage. The IDV of the car depreciates every year along with the value of the vehicle and is calculated as per the standard depreciation table provided by the regulator. In case of a claim in the middle of the year, depreciation is calculated from the IDV of the car at the beginning of the policy year. Thus, it is important to take a note of the IDV at the time of renewing your car insurance plan so that it is at par with the car’s market value.

• 7. Deductibles
   In motor insurance, deductibles are a part of the claim amount the insured person will have to pay during claim settlement. The insurer pays the rest of the claim amount. There are two types: voluntary and compulsory deductible. A compulsory deductible is an amount you must pay mandatorily whenever a claim is registered. On the other hand, a voluntary deductible is part of the claim amount the insured person willingly chooses to pay at the time of claim settlement to save money on car insurance renewal premiums.

• 8. No Claim Bonus
  If you do not file for any claim in a particular policy year, the insurance company provides a discount in premium called a No-Claim Bonus or NCB. This is a discount provided for being a good driver and is an important factor at the time of calculating your car insurance premium. This reward is provided to the policyholder at the time of renewal. If you do not file a claim for 1 year, you can get 20% no-claim bonus and that can go upto a maximum of 50% in 5 consecutive claim-free years. Point to note is that No-Claim Bonus is provided to the policyholder, i.e. the car owner and the car. So, if you choose to sell your car, the NCB cannot be transferred to the new owner of the car. Instead, you can transfer the No-Claim Bonus of your old car to your new car as well.

• 9. Cashless Garages
   A cashless garage is an authorised garage within the network of garages emplaned with the insurance company for settlement of cashless claim of the vehicle. So, if you wish to avail cashless claim for your car repair work, you need to visit a cashless garage. Here the survey would be done by the insurer and the payment for the approved repair work would be paid directly to the garage without your having to pay anything out of your own pocket, except for the deductibles and the non-authorised amount of the claim. Thus, cashless garages make claim settlement easy for any repair work done to your own vehicle.

• 10. Add-on Covers
   Add-on covers are additional benefits that you can avail along with your comprehensive car insurance policy to enhance the overall benefits and extend the coverage of the car. There are multiple riders that can be added-on to your existing base car insurance policy such as zero depreciation coverage, engine and gear-box protection, return to invoice, NCB protection, emergency assistance, consumable cover, downtime protection, loss of personal belonging, etc. For each rider, you need to pay an additional premium amount along with your base premium to increase the overall coverage of the plan. So, you need to choose the add-ons as per your requirement at the time of purchasing and renewing your car insurance policy.

• 11. Personal Accident Cover
  A personal accident policy is a fixed benefit insurance plan which pays a specific amount of money for an accidental damage to the insured person. The IRDAI has mandated a compulsory Personal Accident Policy of minimum Rs 15 lakhs for all owner/driver of an insured car to ply your vehicle on the Indian roads. It provides coverage against death, disability, dismemberment as well as accidental injuries. The personal accident coverage can be taken along with your car insurance policy as well.