Car Insurance in Chennai

FAQ - Car Insurance in Chennai

• Q. What factors determine car insurance premium coverage?

  The car insurance premium is dependent on certain key factors. The main factors are the following:

  • Engine capacity
  • Mileage covered
  • Previous claims
  • Geographical location
  • Age of the owner

• Q. Is it possible to renew the car insurance online in Chennai?

  Yes, you can renew the policy online. Once you get a reminder to renew, login to your account. Fill in the relevant details; make sure you have the policy number readily available with you. Keep your net banking, credit/ debit card details ready. Continue with the online payment option and get the process of renewal done.

• Q. Does the engine capacity determine the premium of insurance?

  Yes, the engine capacity has an important role to play in determining the premium for your four-wheeler. Here is how the engine capacity contributes to the premium.

  Less than 1000 cc (cars like Maruti Suzuki Alto, Renault Kwid) - Rs.1,850

  1000 cc – 1500 cc (cars like Maruti Suzuki Dzire, Honda Amaze) - Rs.2,863

  More than 1500 cc (cars like Hyundai Creta, Skoda Rapid) - Rs.7,890

• Q. Can the insurance agent visit home of a client in Chennai?

  Upon request, the insurance agent will visit your home. Make sure you give appropriate time for an appointment. You can also meet him at your office or the office of the agent. The agent will try his best to meet at your convenience. 

• Q. How long are the insurances covered?

  Most insurances cover only a period of 1 year. It can be renewed and continued every year. But in general annual renewal is required. You can change insurance companies upon renewal but must continue with the renewals. There should not be any lapse from insurance coverage.

• Q. Why is the comprehensive insurance the best plan?

  Though IRDA only makes the third party insurance compulsory, there are plenty of advantages of having a comprehensive insurance plan. Some of the benefits are the following:

  • Replaces stolen car.
  • Pay for animal damage.
  • Cover natural disaster damage like a flood, fire. 
  • Accident cost covered, treatment covered.
  • Your car stays insured against vandalism and arson, which may damage the car. 

  Discuss with your agent which comprehensive policy will be the best for your car insurance. 

• Q. What is no claim bonus?

  It is an advantage you get when you do not make a claim for insurance. It is awarded to you by the insurer. It comes as a discount to your premium package for your particular type of insurance. Having no-claims also indicate you will get good resale value for your car.