Car Insurance in India
Out of the 18 crore vehicles registered to ply on Indian roads, less than half lack a valid insurance cover, most of them being two-wheelers. The recent changes in the Motor Vehicle Act have led to stricter penalties against those who have still not insured their vehicles. This has spurred the sale of motor insurance policies in India.
Insurance claims made by car owners stand at 1.2 lakh crores with the car insurance sector alone worth 70,000 crores. In 2018, motor insurance premium accounted for more than 39% of the total non-life insurance premium in India. Between 2012 and 2018, the car insurance market grew, at a compounded annual growth rate(CAGR) of 11.36%.
Importance of car insurance in India
You must be wondering, “Why should I buy car insurance near me?” Here are some statistics to consider. More than 1.51 lakh lives were lost in road accidents in 2018, an increase from the previous year. The 1988 Motor Vehicles act has made it compulsory for every car owner to purchase an insurance policy that covers any risks arising due to third parties.
A third party risk refers to any damage to the vehicle or the owner such as accident, death etc due to man-made or natural disasters beyond control. Moreover, If a person driving a car in public is found without a valid third party insurance policy, it can attract a fine of Rs 2000 for the first time and Rs 4000 for the second offence. Therefore, if you own a car and are wondering if you can find car insurance nearby, it is advisable to protect your vehicle with a comprehensive policy such as the one available on Finserv MARKETS .
Car insurance in states and cities in India
You no longer need to worry and think, “Will i be able to find car insurance near me”? An indicative list of cities where you can purchase motor insurance is given below. You can easily approach companies and get your vehicle insured wherever you are in India.
Car insurance in Gurgaon |
||
Car insurance in Patna |
Car insurance in Ranchi |
Car insurance in Nagpur |
Car insurance in Vadodara |
Car insurance in Indore |
Car insurance in Faridabad |
Car insurance in Erode |
Car insurance in Jammu |
Car insurance in Thiruvananthapuram |
Car insurance in Lucknow |
Car insurance in Chandigarh |
Car insurance in Bhopal |
Car Insurance for popular car brands and models in India
Almost all brands of cars and different models launched by them are covered by insurance in India. So regardless of whether you own a Maruti Suzuki or a Honda Cia you can conveniently opt for Bajaj Allianz Car Insurance available on Finserv MARKETS.
Kia Car insurance |
||
Renault Car insurance |
Bentley Car insurance |
Hummer Car insurance |
How Finserv MARKETS can save your car in India
Bajaj Allianz Car insurance available on Finserv MARKETS offers 24X7 road assistance wherever you are, thanks to its widespread PAN India network of more than 4000 garages with cashless facility, so that you are never left stranded anywhere. Damage caused to your car due to accident, natural disaster such as earthquake, flood, landslide cyclones etc or man-made incidents such as riots and theft,or any other act of vandalism is covered.
Not only this, if your car is in need of repair or needs a fresh coat of paint, all you need to do is purchase Bajaj Allianz Car Insurance nearby in your city and say goodbye to all these worries. With a high claim settlement ratio of 93%, and swift online claim processing, you can be assured that any claims will be settled speedily. Moreover, with the motor insurance wallet, you can get your car insurance claim approved instantly and get up to Rs 20,000 of cover instantly! It’s that simple!
Conclusion
Now that all your doubts related to motor insurance are addressed, make sure that you zero in on the right insurance provider that offers the best protection to your vehicle. Bajaj Allianz Car Insurance available on Finserv MARKETS , starting at just Rs 2072 per year can be easily purchased as well as renewed online in a few simple steps.
Fast, secure and efficient claim settlement process, round the clock assistance and comprehensive coverage has made Bajaj Allianz Car Insurance the preferred choice of more than 100 million customers across India. So secure your car today and stay worry free with car insurance available on Finserv MARKETS.
Happy Customers of Finserv MARKETS
I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!
My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!
Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!
The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!
I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!
Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!