my offers

How about checking some pre-approved offers you might be eligible for?

my offers

How about checking some pre-approved offers you might be eligible for?

  • Mobile No.
  • Date of birth

You have a pre approved offer

  • Sum Assured
    Premium
    Persons Covered
  • Rate
    5%

Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!

We have 02 personalised offers for you

Currently, we do not have a personalized offer for you but don’t be disheartened. Check out our oven fresh deals of the day here!

my offers

✓4000+ Network Garages ✓24x7 Spot Assistance ✓Quick Claim Processing | Buy a Car Insurance Cover Starting at ₹2072/year*

About Car Insurance in Mohali

A bustling town in Punjab, Mohali is located near Chandigarh. It is popularly known as the commercial hub of the state, and has scores of the best IT outsourcing companies. Alongside, there are several renowned international corporations here. Mohali is also famous for the Punjab Cricket Association’s (PCAs) Mohali cricket stadium, which has hosted many international-level cricket matches. A large section of people here prefer commuting by private vehicles, thus underlining the importance of having a car insurance policy in Mohali.

If you are a resident of Mohali, using a car for daily commuting, you must protect your vehicle by availing a car insurance policy, available on Finserv MARKETS. Not only does a vehicle insurance provide coverage to any damages to your car occurring because of an accident, but it also protects you from third party claims. 

Connectivity and major roads in Mohali 

Mohali is well-connected through roads to all the major cities of Punjab. The Chandigarh Transport Union, Patiala and East Punjab States Union (PEPSU) and Haryana Road Transport Corporation (HRTC) have a wide network of buses connecting Mohali to all the major cities. The nearest airport is at Chandigarh, which is approximately 15 Km from Mohali. The major roads connecting Mohali to Chandigarh and other cities include the Sector 88-89 road, Mohali-Kharar Road, Zirakpur-Derabassi Road and IT city road from Banur. The Kharar-Mohali road connects NH- 21 from Sunny Enclave and North Country Mall in the city. Residents can go to Chandigarh, Amabala, Ludhiana and Patiala using this route. Recently, the Greater Mohali Area Development Authority (GMADA) has started acquiring land for building a 200-feet wide link road from Airport road to Kharar-Landran road. This road is expected to improve the connectivity to major townships in Mohali, like TDI, Ansal and Gateway City. Another crucial project - which commenced recently - is the road connecting Kharar to New Chandigarh. 

Mohali has a total road network of 1,771 km, which includes 16 km of state highways and 98 km of national highways. While district roads run a length of 120 km, village roads comprise a total of 1,510 km. 

Popular cars in Mohali 

Hatchbacks, luxury cars and SUVs are common on the roads of Mohali. The popular choices of the city residents include cars from Maruti, Tata, Ford, Mahindra and Honda. High-end luxury cars, like BMW and Mercedes-Benz are also a common sight on the roads of Mohali. Thus the city boasts of a wide range of personal cars, which in turn, again underscores the importance of having a valid vehicle insurance. Around 3% of all vehicles in Punjab are registered in Mohali. 

Rate of accidents in Mohali 

Mohali is famous for its road accidents, and has recently topped the chart for the highest number of road fatalities in the state. In 2015, the Punjab and Haryana High Court appointed a traffic advisor, which subsequently published a report titled : ‘Road Safety Analysis and Identification of Accident-Prone Areas in Mohali’. According to the report, Mohali recorded 1.8 times more road accident fatalities per million population vis-a-vis the state average of Punjab. It said that six people, on an average, lost their lives daily due to road accidents in Mohali.  As per other state government reports, while there were 290 road accident fatalities in 2016, the numbers climbed to 295 in 2017. The state average of fatalities per million population stood at 261 in 2017, while the national average was 119. As per the report, 85% of the fatal road accidents occurred on national and state highways. 

Benefits of having car insurance in Mohali 

Having car insurance in Mohali comes with manifold benefits. Some of them include:

  • Hassle free claim settlement:

A vehicle insurance from a trusted insurer would mean that you don’t have to run from pillar to post to receive your claims. You can easily receive the sum assured by filing online claims. What’s more, with some insurers you can even receive the salesman exclusive service at your doorstep, for collection of requisite documents and for vehicle inspection. 

  • Cashless garage services : 

Another benefit of car insurance policy is that you don’t need to pay while your car is being repaired at an company-authorised garage. The insurance company takes care of all expenses for repairs, excluding deductibles.

  • Easy renewal: 

Now you need not worry about making physical visits to the insurer’s office for renewing your vehicle insurance. You can easily renew your car insurance policy online, or by contacting the customer care. 

Why choose Finserv MARKETS for car insurance in Mohali?

Choosing a car insurance policy, available on Finserv MARKETS, comes with a wide slew of benefits. Somes of these are:

  • Affordable policy because of no third party involvement: 

The car insurance policy, available on Finserv MARKETS, comes at an affordable rate because of zero third party involvement. This means from the point of purchase of the car insurance policy to the final settlement of claims; everything is taken care of by the insurer. There is zero outsourcing and no middlemen, thus reducing costs and enhancing reliability.

  • Assistance round-the-clock:

 You don’t have to wait for assistance in the case of a mishap. On Finserv MARKETS, you get access to round-the-clock assistance. You can easily contact the customer care, and get in touch with an authorised garage to get the necessary repairs done. 

  • Calculate your premiums easily:

Now you can easily calculate your premiums by using the car insurance premium calculator, available on Finserv MARKETS. Besides allowing you to choose the most affordable car insurance policy, this online calculator also helps you to compare quotes offered by various insurance companies.

FAQs on car insurance in Mohali

  • ✔️My car was damaged due to a natural calamity. Will the car insurance policy on Finserv MARKETS provide for the damages?

    Yes, if you get a car insurance policy in Mohali through Finserv MARKETS, you get coverage against all natural calamities, like fire, earthquake etc.

  • ✔️My car was stolen. Will the car insurance policy on Finserv MARKETS provide coverage?

    Yes, if you get a car insurance policy in Mohali through Finserv MARKETS, you get coverage against theft and burglary.

  • ✔️What is NCB? How can I avail it in Mohali?

    It means No Claims Bonus. In case you have not made any claims during the previous policy term, you can avail discount at the time of annual renewal through the provision of NCB.

Happy Customers of Finserv MARKETS

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!

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!

Check your personal loan eligibility in seconds!

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!

Get the best FD interest rates starting @ 8.40%. Let's start!

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!

Get sum insured up to 1 Crore! Let's start!

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!

Zero additional charge on part-payment option on Business loans! Let's start!

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!

Get home loan sanctioned online in 72 hours! Let's start!