Car Insurance in Bangalore

Bangalore, the Silicon Valley of India, is the fastest-growing metropolis. It is the capital of Karnataka and is the third city with the highest population in the country. This IT capital of India is populated with over 12 million people, and most of them have their own cars to travel from one place to another. With so many people and burgeoning vehicles every day, choosing the best car insurance in Bangalore to protect you and your car will be the wisest decision.

Car Insurance in Bangalore

Bangalore, the capital city of the state of Karnataka, is the third most populated city in the country, and the largest in Karnataka. Also often referred to as the ‘Silicon Valley of India’ or the ‘IT Capital of India’, the city houses all leading IT offices in the country. With a burgeoning population of more than 12 million, with most using their own vehicle for transportation, it is important to opt for the best car insurance in Bangalore for your vehicle.

Benefits of Car Insurance

When you opt for car insurance in Bangalore, you stand to benefit from:

  • Financial Security Against Calamities

When you purchase car insurance in Bangalore, your vehicle is safeguarded from damage caused by man-made or natural calamities.

  • Third-Party Liability Coverage

 If you are involved in an accident, your insurance policy will safeguard you from legal liabilities arising due to death or even injury to a third party.

  • No Claim Bonus

For each calendar year that you do not make a claim, you are eligible for a no claim bonus. This is generally offered as a discount on the premium due for the next year.

  • Personal Accident Cover

When you purchase a car insurance in Bangalore, you are also personally protected in the event of an accident that may cause disability or death.

  • Protected Against Penalties

As per the Motor Vehicles Act of 1988, it is a legal requirement to purchase at least third-party car insurance when you purchase your vehicle. Thus, when you opt for car insurance in Bangalore, you are safeguarded from fines and challans.

Read More: Car Insurance Add-on Covers

Does Car Insurance Cover Flood Damage in Bangalore? 

Covered by every news channel, this monsoon season has wreaked havoc in Bangalore, with most areas of the city being flooded. Visuals of people evacuating homes and offices in knee-deep water have become the new norm in Bangalore. In the midst of all of this, a question on most people’s minds is - does car insurance cover flood damage?

 

Here, we must point out that only if you have opted for a comprehensive insurance plan, can you avail of the benefits of car flood insurance. This is because of the fact that a comprehensive car insurance policy protects your car against damages caused due to calamities such as floods, earthquakes, and cyclones, to name a few. 

 

Floods can cause major damage to your car, and even result in a reduction in your vehicle’s value. Listed below are the main forms of damage caused by floods:

  • Engine Damage

When flood waters enter your engine, it can cause partial or total damage to this vital component of your car.

  • Gearbox Damage

When water enters the gearbox, it can cause the gearbox to malfunction.

  • Electric Damage

When water enters your vehicle, it can affect electric components, and even cause a short circuit.

  • Upholstery Damage

Carpets, seats and so on can undergo major damage when flood waters enter your car.

 

To protect your vehicle against floods, you can opt for a comprehensive insurance policy, along with add-on covers such as Engine Protection Cover, Return to Invoice Cover, Key Replacement Cover, Zero Depreciation Cover, Consumables Cover, and Roadside Assistance Cover.

 

Experts opine that with the increased number of claims made owing to the floods in Bangalore, insurers may not increase their premium rates, as they generally account for such calamities when determining their pricing strategies. 

Best Car Insurance in Bangalore

Listed below are details of three of the best car insurance in Bangalore:

Insurance Brands

Acko General Insurance

Bajaj Allianz General Insurance

HDFC ERGO General Insurance

Category

Comprehensive Policy

Comprehensive Policy

Comprehensive Policy

Tenure

1 year

1 year

1 year

Coverage Offered

Own Damage, Third Party Cover, Personal Accident Cover

Own Damage, Third Party Cover, Personal Accident Cover

Own Damage, Third Party Cover, Personal Accident Cover

Premium to be Paid

Based on the car model, brand, and year of manufacture

Based on the car model, brand, and year of manufacture

Based on the car model, brand, and year of manufacture

Claim Settlement

95% (FY 20-21)

98%

99.8% (FY 20-21)

Personal Accident Cover

Yes

Yes

Yes

Key Replacement Cover

Yes

Yes

Yes

No Claim Bonus Cover

Yes

Yes

Yes

Engine Protect Cover

Yes

Yes

Yes

Consumable Expenses

Yes

Yes

Yes

Depreciation Protection

Yes

Yes

Yes

Roadside Assistance

Yes

Yes

Yes

Process of Claim Registration

Digital 

Digital

Digital

Network Garages in Bangalore

When you opt for a comprehensive car insurance plan, you can avail of the cashless claim facility at a wide range of garages located across Bangalore. In the event of a water damage car insurance claim, all you need to do is take your vehicle to the nearest network garage offered by your insurer and get your vehicle repaired. Once repaired, the bills will directly be settled by the insurer.

Car Insurance Network Garages in Bangalore

There exist a wide range of network garages all across Bangalore. Details of the same can be found at:

 

  • Bajaj Allianz: For the full list of network garages offered by this insurer, visit - https://apps.bajajallianz.com/gmlocator/locate-garages.php

  • HDFC ERGO: For the full list of network garages offered by this insurer, visit – https://www.hdfcergo.com/locators/cashless-garages-network

  • Acko: For the full list of network garages offered by this insurer, visit – https://www.acko.com/garages/

Conclusion

With floods having recently ravaged many areas of Bangalore, the need for opting for a comprehensive car insurance policy has become even more relevant. To opt for the best car insurance in Bangalore, visit the Bajaj Markets website today!

Check Out Car Insurance Plans Available at Bajaj Markets

 

FAQs for Car Insurance in Bangalore

  • ✔️What do you mean by a comprehensive insurance policy?

    A comprehensive insurance policy is one that protects you from damages to your own vehicle, while also covering third-party liabilities.

  • ✔️Can I renew my car insurance policy on Bajaj Markets?

    Yes, you can renew your car insurance policy on Bajaj Markets by entering your car registration details, and paying the premium.

  • ✔️Can I transfer my insurance to a new owner in Bangalore?

    Yes, you can do so by contacting your insurer.

  • ✔️Is the car insurance premium tax deductible?

    Yes, the premium paid is tax deductible.

  • ✔️How do I claim insurance if my car is stolen?

    You can claim the insurance on your stolen vehicle by filing an FIR, and filing a claim complaint.