Car Insurance in Mumbai

According to the Indian Motor Tariff, it is mandatory for all car owners in Mumbai to have a motor insurance policy with at least a third party liability coverage. The car owners can easily avail of a car insurance policy by comparing different insurance companies online in Mumbai so as to find the best one as per their individual needs and requirements.

Need for Car Insurance in Mumbai

Mumbai, the entertainment and financial capital of India, is one of the densely populated metro cities in India. Mumbai, with a total wealth of $950 billion, ranked among the top 15 wealthiest cities globally in 2018 New World Wealth Report. With this scenario in mind, it is apparent that a large number of people flock everyday towards this city to make their dreams a reality. But with an increase in opportunity, there is a surge in the number of private cars that run on the Mumbai roads everyday as well.

Mumbai car owners face the following challenges:

• A Car Jammed City: With approximately 500 private cars per kilometer, Mumbai has authoritatively become the most vehicle blocked city. In packed rush hour gridlock conditions like that of Mumbai and given its standing with respect to vehicle blockage, it gets hard to keep up with traffic discipline.

• Flood Prone City: Often flood like conditions arise in Mumbai, making the life of drivers even more troublesome as streets get waterlogged due to hefty rainfall. It becomes impossible to commute in areas especially like Andheri, Dharavi, Nalasopara etc during rainstorms.During such circumstances, the damages in cars like hydrolocks is a pretty common observance.

• Rash Driving: Huge penalty fines have been collected by the Mumbai police for violating the traffic rules. There has also been a significant rise in the number of cases of drunk and drive, with nearly 77,000 cases observed (2015-2019). In a city that never sleeps, Mumbaikers too have become unstoppable when it comes to an increase in the number of rash driving cases.

How To Choose Best Car Insurance Policy in Mumbai?

There are a lot of motor insurance policies by different insurance companies available in Mumbai. Therefore, to choose the best insurance policy, the car owner must compare different available motor insurance policies. The aspects while choosing a car insurance policy in Mumbai include-

• Features of Car Insurance Company

When it comes to position and accomplishments, not all car insurance companies are the same. They differ from each other on the basis of services-on-offer including

1. Cashless Workshop Network,
2. High Claim Settlement Ratio,
3. Efficient Customer Service

• Features of Car Insurance Policy

When it comes to finding the best car insurance policy, you need to compare the features in respect of:

1. Exclusions
2. Inclusions
3. Premium of car insurance

One of the competitive features of the best car insurance policy involves providing comprehensive coverage to all car owners at an affordable premium range.

Types of Car Insurance in Mumbai

On the basis of coverage, there are three types of car insurance policies available in Mumbai:

• Third Party/Liability Only Policy: Under this policy, a car owner gets a claim when they are legally held responsible for any accident or mishap that has resulted in property damage or any bodily injury/death of a third party.

• Standalone Own-Damage Policy: Own damage car insurance policy provides coverage to the policyholder against the damages or loss caused to their own car.

• Comprehensive Car Insurance Policy: Under this policy, a car owner receives a claim for the damages caused to their car alongside third party liabilities. The customers can customize this policy to broaden the coverage with help of various add-ons that are available with this policy.

How InsuranceDekho Can Save Your Car in Mumbai?

A car owner gets the best insurance policy by comparing various motor insurance policies offered by different companies as per their individual requirements under a single platform. At InsuranceDekho, the car owners are offered a hasslefree online process with complete transparency and friendly guidance. InsuranceDekho assists you to:

• Compare And Choose Best Policy: At our platform, you can compare the car insurance policies offered by all top car insurance companies and choose the one which best suits your requirements and budget.

• Facility For Customisation: Car owners can also customize their car insurance policy by including multiple add-on covers like zero depreciation, invoice cover, NCB Protection etc to widen their policy coverage. There are multiple add-on covers offered to meet the individual needs of the car owners be it for your luxury new car or an old car.

• Digital Purchase Process: You can purchase a car insurance policy for your car in Mumbai from anywhere and at any time, without having to travel long distances to choose optimum policy coverage for your car. We offer a completely digital process for insurance purchase.

• Timely Renewal Reminders: We provide you with timely reminders for your car insurance policy free of cost. Be it a timely or last minute car insurance policy renewal in Mumbai, you can get in touch with us or simply visit our website and renew your policy instantly.