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Best Car Insurance in Bangalore

Bangalore is India's third most populated city and a significant fraction of this population uses a car for their transportation requirements. If you also belong to this category, then you need to purchase a car insurance plan since it is mandatory to have a third-party cover in place for all cars, as per the Motor Vehicles Act, 1988. 

Alternatively, with a comprehensive car insurance plan, you can also enjoy financial coverage for damages to your own car. Whichever kind of cover you plan to get, it is essential to know where you can buy the best car insurance in Bangalore.

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Car Insurance in Bangalore

Bangalore, officially named Bengaluru, is the capital of Karnataka state. Bangalore is India's third most populated city and is known for its pleasant climate all year round. The city of Bangalore is synonymous with the 'IT capital of India.' It is also known as the 'Silicon Valley of India' as it is the leading Information Technology hub. The foremost IT companies worldwide have their offices in Bangalore. Bangalore is the largest city of Karnataka and has an urban population of more than 12 million. A significant fraction of this population uses a car for their transportation requirements; therefore, having the best car insurance in Bangalore protects you from the accidents and thefts linked to your car.

Benefits of Car Insurance

  • Secure you financially against calamities:

Whether it may be a natural or man-made calamity, being uncertain and unpredictable, they cause a lot of damage to your car. When you have car insurance in Bangalore, you need not worry about your financial security during such scenarios.

  • Enhanced third-party liability coverage:

Car insurance in Bangalore provides third-party liability coverage if your car is involved in an accident. Your car insurance protects you from the legal liabilities arising due to death/injury to a third party.

  • No claim bonus advantages:

The No Claim Bonus (NCB) facility is one of the perks of car insurance. You are eligible to avail of these NCB benefits for each claim-free year, generally offered as a discount on the insurance premium. Therefore you can reduce your car insurance cost in Bangalore.

  • Personal accident coverage:

One of the best advantages of car insurance in Bangalore is that it provides up to a certain amount of personal accident coverage. This coverage protects against total disability or death caused due to the accident.

  • Protection against penalties:

The Motor Vehicles Act (1988) mandates third-party insurance for all vehicles in India. Therefore having valid car insurance in Bangalore safeguards you from fines or challans while driving on the road.

Read More: Car Insurance Add-On Cover

Best car insurance in Bangalore

Read ahead to understand why you should avail bike insurance in Bangalore online and which are the best car insurances in Bangalore.

Car insurance plans available on the Bajaj MARKETS platform are Bajaj Allianz General Insurance, HDFC ERGO General Insurance and Acko General Insurance car insurance policies. Check out the features of different policies for car insurance in Bangalore here.

 

Bajaj Allianz General Insurance

Acko General Insurance

HDFC ERGO General Insurance

Category

Comprehensive

Comprehensive

Comprehensive

Insured Declared Value

Depends on the car make and model.

Depends on the car make and model.

Depends on the car make and model.

Coverage

Own damage, liability against third party cover, personal accident cover

Own damage, liability against third party cover, personal accident cover

Own damage, liability against third party cover, personal accident cover

Tenor

One year

One year

One year

Premium

Depends on the car make, year and model.

Depends on the car make, year and model.

Depends on the car make, year and model.

Personal accident cover

Available

Available

Available

Claim settlement

98%

95% for FY 2020-21

99.8% for FY 2020-21

Key replacement cover

Available

Available

Available

No claim bonus cover

Available

Available

Available

Depreciation protection

Available

Available

Available

Engine protect cover

Available

Available

Available

Roadside assistance

Available

Available

Available

Consumable expenses

Not available

Available

Available

Claim registration process

Digital

Digital

Digital

 

Network Garages in Bangalore

With comprehensive car insurance, you can also avail the cashless claims facility at network garages. All you have to do is take your car to the nearest network garage that’s associated with your insurance provider and get it repaired. With this facility, you can repair your vehicle without paying the bill. The repair and replacement costs will be directly settled by the insurer. Regardless of which four-wheeler insurer you choose through Bajaj MARKETS, you can have access to a wide network of car insurance partner garages.

Car Insurance Network Garages in Bangalore

Regardless of which four-wheeler insurer you choose through Bajaj MARKETS, you can have access to a wide network of car insurance partner garages.

1. Bajaj Allianz: You can see the list of the Bajaj Allianz Car Insurance network garages in Bangalore on this page.

https://apps.bajajallianz.com/gmlocator/locate-garages.php

2. Acko: You can check the list of the Acko Car Insurance network garages in Bangalore on this page.

https://www.acko.com/garages/

3. HDFC ERGO: You can check the list of the HDFC ERGO Car Insurance network garages in Bangalore on this page.

https://www.hdfcergo.com/locators/cashless-garages-network

Conclusion:

To enhance your safety cover on the road, you can opt for comprehensive or third-party coverage. You can visit the Bajaj MARKETS website and choose from the different policies of car insurance in Bangalore to drive stress-free on the road.

 Check Out Car Insurance Plans Available at Bajaj MARKETS

 

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FAQs for Car Insurance in Bangalore

✔️What is a comprehensive car insurance policy?

Comprehensive car insurance provides coverage for the damage caused to your vehicle and covers all the third-party liabilities.

✔️Can my car insurance policy be renewed on Bajaj MARKETS?

Yes, you can easily renew your car insurance policy on Bajaj MARKETS. The process is straightforward; you just need to enter your car's registration number and previous policy details and complete the payment.

✔️ How can I transfer the car insurance in Bangalore to the new owner?

Car insurance in Bangalore can be easily transferred to the new owner; you just need to contact your insurance provider and follow the suggested method.

✔️Is the premium paid against my car insurance tax-deductible?

Yes, you can claim tax benefits if your car is used for commercial purposes, this helps you to reduce your car insurance cost in Bangalore. However, if used for personal purposes, you cannot claim the tax deduction.

✔️If my car is stolen, how can I claim my car insurance coverage?

If your car is stolen, you can easily claim your insurance cover. You should immediately register your claim online and lodge an FIR with the nearest police station. The FIR copy is required for claim settlement