Motor Insurance
Why is motor insurance mandatory in India? Can’t I just drive carefully?
Even if you’re the world’s most careful driver, you can’t control other people on the road! The Motor Vehicles Act makes third-party insurance mandatory because accidents happen, and someone needs to pay for damages. Without insurance, you could face heavy fines or even jail time. Plus, careful drivers get rewarded with No Claim Bonus discounts!
What's the difference between third-party and comprehensive motor insurance?
Simple comparison:
Third-party insurance
Covers damage you cause to others (mandatory minimum)
Comprehensive insurance
Covers others + your own vehicle damage
Which vehicles can I insure and what affects my premium?
You can insure pretty much anything with wheels:
Cars and SUVs
Cars and SUVs
Cars and SUVs
Cars and SUVs
Cars and SUVs
Your premium depends on:
- Vehicle age and type (older = usually cheaper)
- Vehicle value and model (luxury or high-value cars = higher premium)
- Your location (metro cities cost more due to higher risk)
- Your claim history (accident-free = No Claim Bonus discounts)
- Your claim history (accident-free = No Claim Bonus discounts)
How do I claim motor insurance? Is it complicated?
Here’s the simple 6-step process:
01
Call immediately
Inform insurer/AIMS within 24 hours
02
File FIR
If it’s a major accident
03
Take photos
Document the damage
04
Repair or get reimbursed
At network garage or get money back
05
Get surveyor inspection
They’ll assess the damage
06
Submit documents
Claim form, driving license, RC