Car Insurance

Your car is not just a vehicle; it is freedom, comfort, and a part of your everyday life. At Bajaj General Insurance, we make sure nothing comes between you and the road ahead. With complete protection, fast claims, and coverage that stands strong in life’s most unexpected moments, our car insurance keeps you moving with total confidence. Let us break down everything you need to know about car insurance online from Bajaj General Insurance.

Car insurance is a financial protection plan that every car owner should understand and have to suit their needs. At its core, it helps you manage expenses if your vehicle is damaged, stolen, or causes harm to another person.

In India, it is mandatory to have at least a third-party car insurance policy as per the Motor Vehicles Act of 1988. This regulation ensures that if your car injures someone or damages their property, you are not personally burdened with the costs.

However, relying only on third-party cover leaves your own vehicle unprotected. This is where a comprehensive four-wheeler insurance plan becomes important. It not only meets the legal requirement but also covers accidents, theft, fire, natural calamities, and personal injuries.

Many people today prefer to buy car insurance online as the process is simple. You can check plans, compare car insurance quotes, and purchase or renew your policy in minutes.

Bajaj General Insurance Limited offers car insurance plans tailored to meet various needs. Whether you are buying a new car policy, renewing your existing one, or fulfilling the mandatory requirement of third-party cover under the Motor Vehicles Act, Bajaj General Insurance Limited has options for you. You can choose between a standalone own-damage policy, a legally required third-party policy, or comprehensive car insurance.

Electric vehicles differ from regular cars, and so do their insurance needs. A standard EV car insurance policy covers essentials, such as third-party liabilities and damages from accidents, theft, or natural disasters. However, EVs need additional covers, such as battery safety, motor repairs, and charging equipment. This is why choosing comprehensive four-wheeler insurance becomes especially important when you buy car insurance online for an electric vehicle.

With Bajaj General Insurance, EV owners can get car insurance online in a jiffy and coverage that goes beyond the basics. Below is a list of what you can expect from us:

Core Benefits for EV Owners

1. 24/7 EV-specific roadside assistance, including on-site charging support, towing in case of battery failure, and SOS-enabled emergency helpline.

2. Protection for critical EV components, such as the battery pack and electric motor.

3. Coverage for damages due to accidents, theft, fire, natural calamities, or malicious activities.

Value-Adding Add-On Covers

1. Battery and Motor Protection

2. Key and Lock Replacement

3. Consumables Coverage

4. Conveyance Benefit, covering your travel expenses while your EV is under repair

Convenient Digital Experience

1. Easily check car insurance online, compare quotes, and manage your policy through the Bajaj General App.

2. Get access to over 7,200+ cashless garages across India for quick and hassle-free repairs.

With Bajaj General Insurance, your EV is protected at every turn with online car insurance renewal. We aim to give you confidence, convenience, and complete peace of mind on every journey.

How is Car Insurance Premium Calculated?

When it comes to buying an insurance policy, the premium plays a crucial role. The insurance premium is dependent on various factors. A car insurance calculator is an online tool that helps to determine the vehicle insurance premium. Knowing the premium amount helps to make an informed decision. With the help of the calculator, the insurance buying decision becomes easier, simpler, and quicker.

Steps To Calculate Car Insurance Premium Online

With our quick and straightforward car insurance premium calculator, you can get car insurance quotes online in seconds. To know your premium amount, just follow the steps below.

Step 1: Head to our car insurance calculator

Step 2: Enter your name & provide additional details like your existing Bajaj General policy and your contact details

Step 3: Provide the registration number of your car or specify that it’s a new car if your vehicle has not yet been registered. Specify details of your car’s make, model, and variant.

Step 4: Mention the geographical location of your car’s registration and specify the date of registration. Mention your pin code.

Step 5: Your premium will reach your email address instantly.

9 Factors that Affect Car Insurance Premium

Understanding what affects your car insurance online price can help you choose the right car insurance policy. Your premium depends on several factors, from the car’s age to the type of coverage you select.

Here are the key factors that determine your 4-wheeler insurance cost:

Age of the Vehicle

As your car ages, its value declines due to wear and tear, which reduces the Insured Declared Value (IDV) and typically lowers your premium.

Insured Declared Value (IDV)

IDV represents your car’s current market value and is the maximum payout in case of total loss or theft. A higher IDV increases your car insurance price, while a lower one reduces it. Setting the right IDV balances coverage and affordability.

Geographical Location

Your car’s registration location and where it is usually parked influence premiums. Areas with higher accident or theft rates typically have higher premiums.

Car Model and Engine Capacity

Luxury cars and vehicles with engine capacities above 1500cc typically cost more to insure because repairs and replacements are more expensive. Standard models or smaller engines have lower premiums.

Fuel Type

Diesel cars often attract higher premiums due to their higher repair costs and increased theft risk, while petrol and CNG vehicles typically have lower premiums.

Type of Cover

Package car insurance covering both own damage and third-party liability costs more than standalone or third-party policies, which either cover damages to your own car or to others.

Claims History / No Claim Bonus (NCB)

Maintaining a claim-free record earns a No Claim Bonus, which can reduce your premium by up to 50% after five consecutive claim-free years. So, if you have an NCB, you can expect a lower car insurance online price.

Voluntary Deductibles (Excess)

Opting for a higher voluntary deductible reduces the insurer’s liability and lowers your premium.

Add-Ons

Additional covers such as zero depreciation, roadside assistance, engine protector, and consumables cover may increase your premium. So, always choose add-ons that suit your needs when you buy car insurance online.

How can you save on your Car Insurance Premium?

Listed below are 7 easy tips that may help you reduce or save on your car insurance online premiums:

Have a Good Driving Record

Driving safely and responsibly is extremely important. It's better to have a good driving record, as insurance companies offer lower premiums to those with a clean record compared to those with a history of traffic offences.

Choose the Add-on Wisely

Undoubtedly, including the add-on riders enhances the overall security of the plan. However, you should only choose the add-ons that are required and will be advantageous in the long run.

Increase the Voluntary Deductible

You can also consider increasing your voluntary deductible. This is because increasing the voluntary deductible helps to decrease the insurance premium for the four-wheeler.

Compare Different Plans Online

Before you purchase or renew your car insurance online, compare different quotes from your insurer. This will help you find the most cost-effective coverage without compromising on benefits.

Install Anti-Theft Devices

Insurance companies consider cars equipped with certified anti-theft systems to be of lower risk. Therefore, installing ARAI-approved devices can make you eligible for additional premium discounts.

Avoid Filing Minor Claims

You can also use your own money for small repairs, as it will help you retain your No Claim Bonus (NCB). Over time, a higher NCB can significantly reduce your renewal premium.

Renew Your Policy on Time

A lapsed policy can result in higher premiums and may require a vehicle inspection. Therefore, you should timely renew your car insurance online to make sure you retain benefits, such as NCB and avoid additional costs.

When you buy car insurance online, ensure you have the soft copies of the following documents in hand to complete the car insurance application or process in minutes seamlessly:

1. Details about your vehicle, including registration number

2. A valid driver’s license

3. Bank details

4. Tax receipts

5. Filled insurance forms

We are one step ahead when it comes to providing you with hassle-free and straightforward motor insurance.

Owning a car is one thing, but protecting it is another. Roads are unpredictable; accidents, negligence, or bad luck can lead to costly damages. From minor dents to major accidents or natural disasters, your car faces risk daily. Car insurance online helps cover these expenses, making it essential for every owner.

Having the right car insurance is more than just a legal requirement. It helps you protect your car, manage unexpected expenses, and drive with confidence. Here are the 6 key reasons to get a car insurance policy:

Mandatory by Law

Car insurance is a legal requirement in India as per the Motor Vehicles Act 1988. Without it, you may face hefty penalties or legal consequences. Recently, in March 2025, the government updated the penalty for not having insurance. Driving an uninsured vehicle can result in a ₹2,000 fine, up to 3 months of imprisonment and community service, and if repeated, the penalty increases to ₹4,000. Thus, having valid insurance keeps you compliant and protected at all times.

Financial Protection for Car Damage

Car repairs after accidents, natural disasters, or sudden damage can be extremely expensive, sudden, and financially draining. A proper insurance policy helps cover these costs, reducing your out-of-pocket burden significantly. So, getting car insurance online is not only convenient but also acts as a financial safety net.

Third-Party Liability Cover

If your vehicle causes injury, death, or property damage to someone else, third-party coverage protects you from large compensation expenses. In times of crisis, these liabilities can be financially overwhelming. Insurance ensures you remain legally and financially protected in such scenarios, as it can cover you for up to ₹7.5 lakh for third-party property damage.

Personal Accident Cover

A car insurance policy also offers financial support up to ₹15 lakh for the owner-driver in case of accidental injury, disability, or death. Medical emergencies can be sudden and costly, making this protection extremely valuable. So, get car insurance online to ensure you or your loved ones do not face financial stress during difficult times.

Peace of Mind

Driving becomes more comfortable when you know unexpected expenses will not disrupt your finances. Insurance gives you confidence to handle accidents, damages, or emergencies without worry. It makes sure you stay protected every time you hit the road.

Better Resale Value

A well-maintained and fully insured car often earns better trust from potential buyers; this is because it shows that the car’s quality is maintained. Continuous coverage reflects proper care and responsible ownership. This can help you secure a higher resale price and smoother negotiations.

Documents Required for Filing a Car Insurance Claim Online

When you file a car insurance online claim with Bajaj General Insurance Limited, submitting the correct documents helps ensure a smooth and timely settlement. The records required may vary depending on whether the claim is for cashless or reimbursement.

General Documents (All Claims):

1. A duly filled and signed claim form.

2. Copy of the Registration Certificate (RC). For new vehicles (less than 3 months old), the purchase invoice and tax receipts may be submitted if the RC is not yet available.

3. One officially valid ID proof, such as Aadhaar or PAN.

Additional Documents Required for Reimbursement Claims

1. Original claim form along with a NEFT mandate form for direct bank settlement.

2. Copy of the RC (or provisional documents like purchase invoice and tax receipts for new vehicles).

3. Certified copy of an officially valid document and PAN/Form 60 for KYC or income proof.

4. Copy of the driving licence of the person driving at the time of the accident.

5. Copy of the insurance policy, either physical or digital.

6. A FIR or police report, if required, is mandatory in cases of theft or third-party injury/death.

7. Garage estimate and original repair invoice as proof of expenses.

8. Cancelled cheque for NEFT payment in non-cashless cases.

Compulsory Personal Accident Cover for Owner-Drivers' Car Insurance

A lot of car owners do not understand the requirement for Personal Accident (PA) cover. The Motor Vehicles Act of 1988 says that every car owner must have at least a third-party liability policy. This policy covers injuries, death, or damage to property that other people cause.

But accidents can also cost the owner-driver a lot of money. The government made Personal Accident Cover for owner-drivers mandatory starting in January 2019 to make sure people are safer. This insurance will help you pay for things if you die by accident or become permanently disabled.

You can easily add Compulsory Personal Accident(CPA) coverage to any car insurance plan with Bajaj General Insurance.

Important things to know:

1. The amount of coverage that a CPA cover has is ₹15 lakh.

2. You do not have to buy PA coverage again if you already have standalone CPA cover.

3. The cover makes owner-drivers safer and less stressed about money when unforeseen events happen.

Best Insurance Cover Options for Different Car Types

Below is a table indicating what kind of car insurance online you should get if you have a specific kind of car:

Car Insurance for a Second-Hand Car

Just like a brand-new car, a pre-owned vehicle also needs proper insurance coverage. Since the previous owner may already have an active policy, it is important to get it transferred to your name within two weeks of purchase. This ensures that the car stays protected and you remain legally compliant.

Buying Car Insurance for a Second-Hand Car (New Policy)

1. If the previous owner did not have an insurance policy, or if the policy has expired, you must purchase a new one immediately.

2. Check the car’s claims history to understand past accidents or damages before buying coverage.

3. Evaluate whether a third-party policy is enough or if you should opt for a comprehensive policy with add-ons like zero depreciation or roadside assistance for better protection.

4. Set the right IDV (Insured Declared Value) to balance premium and claim benefits.

Online Car Insurance Renewal/Transfer for a Second-Hand Car

1. If an existing policy is active, transfer it promptly to your name within 14 days of purchase, as mandated by IRDAI and the Motor Vehicles Act.

2. Be aware that No Claim Bonus (NCB) cannot be transferred to the new owner; it remains with the original owner.

3. Check the expiry date and renew on time to avoid gaps in coverage.

4. During renewal, review your requirements, compare car insurance plans online, and consider upgrading to a comprehensive car insurance policy if needed.

Why Should You Renew an Expired Car Insurance Policy Immediately?

You must renew your expired car insurance online as early as possible. The primary reason for this is to avoid legal complications, as it is illegal to drive without a valid insurance policy. Apart from this, there are two significant reasons you should renew your car insurance immediately:

To Avail Your No Claims Bonus

When you don’t renew your policy, you will lose out on the no-claims bonus (NCB) you are eligible for. Your bonus accumulates over the years to fetch you good discounts and other benefits. If you don’t renew on time, you might lose your bonus.

Financial Burden

Without a car insurance policy, you will need to bear the financial burden that stems from misfortunes like accidents or damage to your car. You will have to pay from your savings or pocket for the recovery of your car. To prevent the financial burden you need to get an online car insurance renewal before your policy lapses.

Car Insurance Claim Procedure

Once your car insurance online is active, you can claim compensation for accident-related damages.

There are two types of claims: cashless and reimbursement. Let’s explore both and their procedures.

Cashless Car Insurance Claims

Availing of cashless insurance claims is easy. Simply follow the steps mentioned below:

1. Call your insurance provider or visit your provider’s website or app to register your cashless claim.

2. Receive the claims registration number that is sent to you on successful registration.

3. Move your damaged car to an authorised cashless garage shed to initiate the repairs. For a cashless garage, you can take your vehicle only to network garages, as transactions between your insurance provider and the garage happen directly.

4. Submit the required documents to your surveyor.

5. Once surveyed, your insurance company confirms the liability.

Reimbursement Claims Insurance Policy

In this, you have to shell out money from your wallet to recover the damages to your car. Your insurance company then intervenes and reimburses the expenses you incurred in the process after successful verification of documents and coverage.

Here’s how you can avail Reimbursement Claims:

1. Call your insurance provider or visit your provider’s website or app to register your reimbursement claim.

2. Receive the claims registration number, which is sent to you on successful registration.

3. Move your damaged car to a garage near you. In this case, it is not mandatory to get your car serviced from a network-authorised garage.

4. Submit the required documents to your surveyor.

5. Once surveyed, your insurance company confirms the liability and initiates the reimbursement procedure.

6. Car Insurance OTS Claims: This is the latest offering that has been made seamless due to technological intervention. OTS stands for On-The-Spot, and like the name suggests, this allows you to make spot claims of your insurance.

Important Terminologies Related to Car Insurance

Let us now get an understanding of the various important car insurance terminologies listed below:

1. Coverage: It refers to the financial security of the plan. The coverage of the car insurance online policy will differ based on the plan that has been bought.

2. Premium: It is the sum that the policyholder needs to pay as per the policy. To enjoy the maximum benefits of the policy, it's important to pay the insurance premium timely.

3. Depreciation: Every year, the value of the car decreases by a specific percentage. The decrease in the value is known as depreciation. Also, during partial loss claims certain % of deductions is applied to the allowed parts, depending on the nature of the parts is also called depreciation.

4. Own Damage: Any losses or damages incurred by the owner of the car by way of damage to the car are referred to as own damage. It could be due to various factors such as natural or man-made calamities, etc.

5. Fixed Deductible: It is an amount that needs to be paid during an insurance claim, fixed as per the standard wording decided by the regulator. The fixed deductible charges are also known as compulsory or file charges.

6. Consumables: These include the parts of the car, like fuel filters, gearbox oil, grease, engine oil, etc. These are referred to as consumables.

7. Voluntary Deductible: It is that part of the claim that is to be borne by the policyholder voluntarily. In case the voluntary deductible is high, the insurance premium for the car will be low.