Third Party Car Insurance in Mumbai

Find best car insurance policy in Mumbai

Choosing the best car insurance in Mumbai as per your requirement is not rocket science. However, you need to have a good knowledge of your insurance needs. And as a customer, you must be informed about your car insurance policy and understand all the available benefits. No need to be confused, our listed car insurance agents in Mumbai can help you in choosing the best car insurance policy that fits your needs. Call our top car insurance agencies today to get free quotes!

What car insurance coverage limits do I need?

There is a minimum car insurance coverage limit according to the law which varies from state to state. After you meet the minimum legal car insurance requirements, you can increase your coverage limits for higher reimbursement potential. For additional protection, you may also opt for additional car insurance coverage, like uninsured motorist, comp, and collision, towing and labor, etc.

What will happen to my car insurance after I have sold my car?

In such a case, there are two options:

1. The buyer can get the car insurance policy transferred in his name. However, NCB or no claim the bonus on the policy will not be transferred.
2. You can cancel the policy and the buyer can purchase a new policy. You will get a refund for the unused period if no claim has been made so far. In this case, you may retain the NCB and transfer it to your new insurance policy if you have bought another vehicle. It’s important to note that the car insurance policy will be canceled only if the insurer is provided with the proof that the car is covered by another policy. You can also transfer the insurance policy to your new vehicle and the unexpired premium amount will be adjusted accordingly.

What is a no-claim bonus?

A no-claims bonus or NCB is also called no-claims discount which is a car insurance discount recognized by all insurance providers. It is the count of the total number of years you haven't made any claim on your car insurance policy. So, for every year you drive your car without making any claim on your insurance policy, you gain NCB. The benefits of NCB can be availed in five years, but some insurance companies also offer further discounts for six or more years. The amount of discount tends to vary from company to company.

Why do I need to buy a car insurance?

The law in our country has made it compulsory to insure the car. This protects you against any third party liability. Since your car is one of the most expensive things you own, a car insurance policy will protect this asset and help you in coping with any financial losses caused by accidents or thefts. Another important reason for buying insurance is that while driving, you are also responsible for the safety of:

• other passengers
• other people's property
• pedestrians
• yourself

Your car insurance policy can cover the costs of potential damages or injuries in case of any unforeseen accidents or thefts.