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What is Car Insurance?

Let’s get you started on your car insurance journey!

Car insurance or four-wheeler insurance is a personalised agreement between a car owner and an insurer that offers extensive financial protection in case of inconvenience due to unforeseen events like accidents, injuries, natural calamities, etc., to protect you from a financial burden. Accidents happen due to a combination of external factors, leaving you with a damaged car, personal injuries and hefty expenses for repairing the incurred damage. However, with a product like car insurance, you can benefit from a safety net to cover the repair and replacement expenses while securing your finances. We offer three types of car insurance plans: third-party, standalone own-damage and comprehensive. In addition to the policy type, many other factors determine the final premium value for your personalised plan, which can be very low for base policy and costlier based on type and number of add-ons. In accordance with the Motor Vehicle Act of 1988, you must have a valid third-party insurance policy to take your car on the road, avoid a fine, and get financial support for third-party liabilities. Own damage policy protects only the insured car against the incurred damage. In contrast, comprehensive car insurance covers damages to both your vehicle and third-party vehicles and property as a combination. Remember, 4-wheeler car insurance isn’t just about car protection. It is also about protecting your finances from incurred costs, ensuring your and your dependents’ safety, and providing peace of mind while driving. Keep a check on the policy validity, as if you fail to renew your car insurance before its expiry date, you can attract unlimited fines. Ensure your car’s safety and your financial security with our customisable car insurance plans. Stay protected, stay secure and enjoy the peace of mind you deserve.

Third party rates are revised in accordance to IRDAI circular which came in force from 01/June/2022. Please click on link to check the attached circular of IRDAI.

Key Features of Car Insurance

Savings & Affordable Premiums

Save up to 75% on car insurance premiums by buying your policy online.

Claim Assistance

Our 650 claim experts across India ensure an easy and quick claim process. for you.

High Claim Settlement Ratio

Our 99% claims settlement ratio as of FY 2023-2024 ensures efficient and quick claim settlements for car insurance claims.

Cashless Repairs

Our comprehensive four-wheeler insurance policy offers a network of over 10,000 garages to ensure cashless services for your car repairs.

Damages to third-party

Damages to a third-party or third-party property are covered.

Own Damage Cover

With our Own Damage cover for your car, we cover damages from accidents, man-made disasters, and natural disasters.

Customisable with Add-ons

Up to 19 add-ons are available to protect your four-wheeler with an all-round car insurance policy.

No Claim Bonus (NCB)

Enjoy the benefits of our No Claim Bonus (NCB) with up to a 50% discount on your car insurance premiums after claim-free years.

Buy/Renew Car Insurance Online

Experience the convenience of purchasing or renewing your car insurance with our straightforward 3-step process at Tata AIG.

Personal Accident Cover

For vehicle owner and driver protection, avail of a personal accident cover of ₹15 lakhs.

Why Do You Need Comprehensive Car Insurance?

Car insurance or a four-wheeler policy is necessary to protect your car and you from various situations and scenarios that lead to financial damages. Here are some of the reasons why you need to have a third-party or comprehensive four-wheeler insurance policy:

Compliance Requirements

Comprehensive car insurance lets you satisfy the compulsory legal requirements. The Motor Vehicles Act mandates that all vehicles have basic third-party insurance coverage to avoid any fines or penalties, along with third-party liability.

Cover for Third-Party Liabilities

Comprehensive insurance ensures financial protection against any damage incurred by a third party or their property due to your insured car (up to ₹7.5 lakhs). The Motor Accident Claims Tribunal decides the third-party claim amount and settlement.

Own Damage Cover

Beyond the legal requirements, comprehensive plans also safeguard your car from damages due to accidents, natural or man-made disasters, etc. Further, it protects against the financial loss of your car being stolen, securing your investment.

Personal Accident Cover

You get financial assistance up to ₹15 lakhs for loss of income or medical expenses in case you or the vehicle driver incurs severe injuries in an accident, resulting in partial disability, complete disability, or death.

Customisation Flexibility

To increase the coverage of a comprehensive plan, you can combine as many add-ons as required from a list of 19 options. These include engine protection, tyre protection, roadside assistance, key replacement cover, etc.

Cashless Claims

For added convenience, you can avail of cashless claim settlements with comprehensive car insurance at any of the 10,000+ dedicated workshops and garages for repairing your vehicle.

No Claim Bonus

With No Claim Bonus (NCB), you can enjoy discounts on the renewal OD premium after consecutive claim-free years. You start with a 20% discount after one claim-free year, which goes up to 50% from the fifth consecutive claim-free year.

Points To Consider While Choosing Car Insurance

The process of buying car insurance is simple but takes time and quite a bit of research. Tata AIG understands the importance of having a suitable four wheeler insurance policy and offers car insurance policies that cater to varying individual needs and budgets. Below are some points you should consider when you buy car insurance:

The process of buying car insurance is simple but takes time and quite a bit of research. Tata AIG understands the importance of having a suitable four wheeler insurance policy and offers car insurance policies that cater to varying individual needs and budgets. Below are some points you should consider when you buy car insurance:

Decide Insurance Type

While choosing four wheeler insurance, you can choose between a basic third party liability cover and a comprehensive insurance cover. While having a basic third-party insurance cover is a legal compulsion and covers damages caused only to a third party individual or property, a comprehensive car four-wheeler policy offers more extensive cover that offers protection against accidental damage, damages due to loss and theft, natural and man-made disasters and also offers a personal accident cover. We at TATA AIG also provide varied types of car insurance such as Comprehensive Car Insurance Policy, Stand Alone Own Damage Car Insurance Policy, and Third Party Car Insurance Policy. This array of choices so that you can find the car insurance type that best suits you and your car’s needs.

Check Policy Coverage

The policy coverage of your car insurance policy will depend mainly on your needs and your budget. Apart from that, your car’s make and model, the area you live in and other factors will affect the policy coverage. While choosing a suitable insurance policy, you can use the Tata AIG car insurance calculator to calculate and compare the coverage of various policies before making an informed decision.

Availability of Add-ons

While you buy car insurance online or renew your policy, you can consider extending or enhancing your policy cover with the help of appropriate add-ons. We offer a set of 19 unique add-ons such as Key Replacement, Return to Invoice, Engine Secure and more, that meet various situations outside the scope of your car insurance policy. A selection of the appropriate add-ons in your car insurance policy can provide an all-round protection to your four wheeler.

Check Insured Declared Value

The IDV or Insured Declared Value of the car is its current market value. When calculating your car insurance, the IDV is important as it is the amount your car is insured for. In case of “total loss” - complete damage or theft of the car - the policyholder receives the Insured Declared Value when the claim is settled. Always select the IDV carefully as a lower IDV means insufficient compensation in the event of total loss, even though it means lower policy premiums. On the other hand, a higher IDV could mean paying more expensive premiums.

Network of Cashless Garages

If you want to repair your car in case of minor or major damages, then you could visit your insurance provider’s network garages to have the damages repaired. By doing so, you can avail of the cashless claims, wherein, the insurer will directly pay the cost of repairs to the garage, and you won’t have to splurge exorbitant amounts on your repairs!

Compare Quotes

Tata AIG’s online Car Insurance Calculator makes it easy for you to compare different four-wheeler insurance policies online. Depending on your budget and requirements, you can choose the insurance amount, the add-ons and then compare different plans to find the appropriate one to protect your car.

Check Claim Settlement Ratio, review, and service offered

The claim settlement ratio of a company is an important factor to be considered while purchasing your car insurance. If your insurer’s claim settlement ratio is high, it indicates a better chance of your claims being settled on time. Similarly, the service offered by the insurance company directly affects customer loyalty and should be checked before you buy a four-wheeler insurance policy from the company.

Types of Car Insurance Policies by TATA AIG

Tata AIG offers many types of car insurance policies, each designed to address the varying needs of car owners and the coverage they need:

Tata AIG offers many types of car insurance policies, each designed to address the varying needs of car owners and the coverage they need:

Comprehensive Car Insurance Policy

The comprehensive car insurance policy offers extensive coverage as compared to a basic third party four wheeler insurance and offers protection against third-party liabilities as well as damage due to accidents, loss of the car, natural disasters like floods, earthquakes, cyclones, etc. and man-made disasters. However, damages due to driving under the influence of substances and driving outside of the designated geographical area are not covered under a comprehensive four wheeler insurance policy.

Stand Alone Own Damage Car Insurance Policy

If the insured car, bought after September 2018, suffers a financial loss as a result of accidental damage, the own damage cover takes care of the damages caused only to the insured car. This policy does not cover losses incurred by third parties and also is only applicable to cars bought after September 2018.

Stand Alone Third Party Car Insurance Policy

The standalone third party car insurance policy is a basic but legally mandatory car insurance policy. It protects you from the legal and financial liabilities that arise from damages caused to a third-party person or property by your insured car. However, this policy does not cover any damages to the insured car.

Third-party vs Comprehensive Car Insurance

The two primary types of car insurance available in India are - comprehensive car insurance & third-party car insurance. To choose the right policy for your needs, you need to understand the difference between third-party and comprehensive insurance policies. Here is a comparative study to help you make a decision:

Meaning

Offers combined coverage for third-party liabilities and own damage incurred by the insured vehicle in case of an accident, theft, and natural or man-made disasters.

It protects policyholders against third-party liabilities in case of an accident involving the insured car and is mandatory in India.

Inclusions

Covers both third-party liabilities and damages and losses incurred by an insured vehicle.

Covers only losses and damages incurred by a third party or property along with legal expenses.

Exclusions

No cover for negligent driving, driving after any substance consumption, voluntary participation in speed racing, driving outside permitted geographical locations, etc.

No cover for insured vehicles, negligent driving, driving after any substance consumption, voluntary participation in speed racing, driving outside permitted geographical locations, etc.

Customisation Flexibility

Over 17 different add-ons are available to customise the policy as required, including zero depreciation cover, roadside assistance, medical emergencies, consumables cover, etc.

No add-ons available

Premium

High premium as extensive coverage for both third-party liabilities and insured car

Low premium as limited coverage

Ideal for

Vehicle owners who want complete car protection

Budget-conscious vehicle owners

What's Covered Under Car Insurance Policy by Tata AIG

Tata AIG four-wheeler insurance policy offers you a wide coverage against multiple circumstances such as:

Tata AIG four-wheeler insurance policy offers you a wide coverage against multiple circumstances such as:

Third-Party Losses

Under our third-party car insurance and comprehensive car insurance policies, you get coverage for third-party liabilities. These include damages to a third party, death of a third party and damages to the third-party property caused by the insured four-wheeler.

Accidents

An accident can cause minor defects or significant damage to your car. A comprehensive four-wheeler policy and a standalone own-damage policy will cover the financial liabilities arising from the repairs incurred by the car due to an accident.

Fire

Both standalone own-damage and comprehensive four-wheeler policies offer coverage for damages caused by riots, terrorist attacks, strikes, malicious man-made calamities, etc., along with the fire damages resulting from lightning, explosions, self-ignition and so on.

Theft

Under our comprehensive car insurance policy, we will reimburse you the Insured Declared Value (IDV) or the total market value of the car if it is stolen or damaged by theft or vandalism.

Constructive Total Loss

Constructive total loss occurs when your vehicle is damaged beyond repair in an accident. Here, the repair costs exceed vehicle’s current value. In this case, a comprehensive policy will pay the IDV or the total market value of the car.

Calamities

A comprehensive car insurance policy and standalone own-damage policy provide financial coverage against damages caused by natural disasters such as cyclones, floods, snowfall, frost, earthquakes, and rainfall.

Additional Add-Ons

You can enhance your comprehensive and standalone own-damage car insurance coverage by combining as many add-ons as required from a list of 19 car insurance add-ons. Get coverage for specific circumstances with a Roadside Assistance Cover, specific parts of the car with the Engine Secure and Tyre Secure covers, depreciation of the vehicle with a Zero Depreciation Cover (Depreciation Reimbursement), and much more.

Personal Accident Cover

You can avail of a Personal Accident Cover of ₹15 lakhs with your car insurance policy. This cover offers protection against permanent total disability, death, and significant injuries caused to the owner-driver as a result of an accident. In case you incur the loss of a limb or one eyesight, 50% compensation is applicable, whereas for death, loss of two or more limbs, or permanent disability, 100% compensation is applicable.

What's Not Covered Under Car Insurance Policy by Tata AIG?

Tata AIG Car Insurance Add-on Covers

Add-on covers are additional benefits you can add to your car insurance or four wheeler insurance to enhance the protection offered by your policy. Tata AIG offers 19 such add-ons that you can choose from:

Zero Depreciation (Depreciation Reimbursement)

When you file a claim for damages, a zero depreciation or nil depreciation (Depreciation Reimbursement) add-on enables you to be reimbursed for the deducted cost of depreciation on your car’s parts. Hence, you can receive the complete sum insured without the deduction of the depreciation. However, you can avail of this benefit only for the first two claims that are filed. This add-on is only applicable to your own-damage car insurance policy or comprehensive car insurance policy.

Roadside Assistance Cover

Roadside assistance is an add-on that provides round-the-clock breakdown assistance to your insured car and you if the car breaks down in a remote location with no aid nearby. Your insurance provider will send a team to refuel, tow, or offer a mechanic’s services in an emergency.

No Claim Bonus (NCB) Protection

The No Claim Bonus or NCB Protection cover enables the policyholder to file a certain number of car insurance claims during the policy year while retaining the NCB discount. This add-on is helpful if you want to file a claim and also protect your NCB discount. However, there is a limit on the number of claims that can be raised with this add-on. The NCB Protection is available only with a comprehensive car insurance policy.

Engine Protection Cover

The Engine Secure cover protects one of the most expensive parts of your car - the car’s engine. If you stay in a flood-prone area, this add-on helps you file a claim for repairing or replacing the engine without incurring an extra cost. The comprehensive four-wheeler insurance policy does not cover your engine’s protection.

Consumables Cover

With this add-on, we cover the cost of the consumables in your insured car that are lost and have to be replaced due to an accident. Consumables include air conditioner gas, engine oil, gearbox oil, nuts and bolts, oil filters, and so on. However, this add-on does not cover the cost of fuel.

Compulsory Personal Accident (Owner-Driver)

This type of cover in a third-party or comprehensive car insurance policy offers compensation up to ₹15 lakhs to a policyholder in the event of disability due to a car accident with the insured car involved. In case of accidental death involving the insured vehicle of the policyholder, the compensation is given to the policyholder’s family.

Personal Accident Cover for Passengers

With Tata AIG, you can also add an optional cover – Liability to Unnamed Passengers – if you need added coverage over the Personal Accident Cover. The compensation under this add-on can be up to ₹X. This will allow you to safeguard your co-passengers in case of unfortunate accidents leading to severe injuries for them.

Repair of Glass Fibre and Plastic Parts

This add-on allows you to get the damaged glass, fibre, and plastic parts repaired from the garage and then raise a claim for the damages without affecting your No Claim Bonus discount. However, for each policy year, only one repair claim is allowed against your comprehensive four-wheeler insurance policy.

Daily Allowance

If your car has an accident and is required to stay in the garage for a long time, the Daily Allowance add-on provides you with an amount for your travels without your car. The amount is payable for 10-15 days, subject to the cause of the four-wheeler insurance claim.

Emergency Transport and Hotel Expenses

Suppose your car is involved in an accident, and you are unable to reach your destination. In that case, this add-on pays for your overnight accommodation in a hotel and the travel charges to return home or to the city closest to your destination.

Tyre Secure

With this add-on, you can cover the repair or replacement of a damaged tyre or the tube. However, this add-on can only protect the financial losses in case of loss or damage to the tyres and tubes in an accident.

Key Replacement

The key replacement add-on covers the cost of replacing your lost car keys in case the car or key is stolen.

Loss of Personal Belongings

This add-on helps cover the loss or damage of personal belongings such as clothes, videotapes, audio tapes, and CDs in case of an accident. However, it does not cover the loss or damage of belongings such as debit and credit cards, jewellery, money, watches, etc.

Return to Invoice

When you file a claim for the total loss of your car due to theft or complete damage, this add-on helps cover the difference (due to depreciation) in the cost between the purchase price and the compensation amount. Also, if a new car of the same make and model is available, we will reimburse the difference between the claim amount and the cost of the new model. We will also pay for the registration charges and the road tax you have paid for the car.

Emergency Medical Expenses

With this add-on, you can benefit from financial support for medical emergencies in case you, the driver, or a car passenger has sustained severe bodily injuries due to an accident. Within this cover, you get support for ambulance charges and up to ₹5000 or 5% of the total sum assured (whichever is lesser) towards the cost of supporting items for movement like wheelchairs, crutches, artificial limbs, etc.

Electrical Surge Cover - for ElectrIc Cars

With this specific add-on cover for electric vehicles, you can benefit from partial or total compensation in case of loss or damage to your car due to self-heating, water ingression, short circuits, leakage of electricity, and damage to charging equipment arising out of arcing.

Vehicle Loan Protector

This add-on helps pay off the policyholder’s car loan in specific situations. It applies if the owner-driver dies or is permanently disabled due to an accident involving the insured vehicle, provided the vehicle is damaged by a covered peril in Section I of the policy.

Misfueling

If your car receives contaminated or incorrect fuel, causing damage, this cover will help you get the necessary support for repair or replacement expenses and flush out the incorrect fuel. Moreover, if you submit the necessary bill, you can also receive compensation of up to ₹2000 for the wrong/contaminated fuel.

How Is TATA AIG Different?

When you buy a car, you conduct thorough research - from the engine to the design, from the model’s performance to the brand’s reliability, from the USP to the price, you check it all. You should follow the same process when finalising a car insurance policy. If you are looking to insure your four-wheeler, here’s why you should consider the Tata AIG motor insurance policy:

The TATA AIG Promise

23 years of Tata AIG, signifies the promise of commitment, transparency and integrity with every car insurance policy.

High Claim Settlement Ratio

A high claim settlement ratio of 99% for FY 2022-2023 guarantees a seamless and assured claim process for you.

Performance-Driven

With over 650 claim experts across India, we work hard to make sure that your vehicle insurance experience is seamless.

Customer-Centric

We offer a wide network of 10,000+ garages and boast of a huge and satisfied family of 5 crore customers

Tips to Avoid Car Insurance Claim Rejections

With Tata AIG car insurance policies, claim settlements require minimal work and the processing time is also quick and efficient. However, to ensure a smooth claim settlement process, you, as a policyholder, also have certain responsibilities based on which the final decision may vary, and rejections might happen.

With Tata AIG car insurance policies, claim settlements require minimal work and the processing time is also quick and efficient. However, to ensure a smooth claim settlement process, you, as a policyholder, also have certain responsibilities based on which the final decision may vary, and rejections might happen.

Declare Car Modifications

You must declare all the modifications done on your car to the insurer. These include any modification done to boost car performance, engine capacity, or any other specifications. Failure to do so may result in claim rejections.

Renew Policy on Time

Keep a check on the car insurance expiry date to renew it in time, as invalid car insurance will indicate no coverage for your car, resulting in a claim rejection.

Keep Documents Handy

Along with your car insurance policy document, you must keep all the mandatory vehicle and personal documents with you in a folder. These documents include vehicle RC, PUC, past claim records, etc., to ensure easy submission while filing a claim to avoid rejection.

Read Policy Terms and Conditions

To file a correct claim and reduce the risk of claim rejections, read the policy terms and conditions of your car insurance correctly to ensure you are filing the proper claim as per your policy.

Carry a Valid Driving Licence

Always carry a valid driving licence when driving in India. This is crucial as, if your car is involved in an accident and incurs severe loss or damage, but you or the driver are found without a valid driving licence, your insurance claims will be rejected.

Declare the Right NCB

No Claim Bonus offers discounted premiums at the time of car insurance renewal. However, you must always be honest about your NCB history, as any indication of wrongdoing or false information will result in claim rejection.

Factors Affecting Car Insurance Premium

Most car insurance policy purchases are decided on the cost of the four-wheeler insurance policy. Owner-drivers compare car insurance policies based on the premium to be paid and generally choose the lowest priced one. Therefore, if you wish to choose a cost-effective car insurance plan, you need to know the factors affecting the premium. Here they are:

Car's Engine Capacity

The size of the engine will influence your car insurance premium. Cars with higher cubic capacity engines will attract higher premiums for a car insurance policy than cars with lower engine capacity. Additionally, the IRDAI declares the annual third-party car insurance premium rates based on the engine cubic capacity of the vehicle.

Insurance Coverage

The type of policy you purchase for your car decides the cost of the car insurance policy premium. A policy such as third-party insurance would cover only the third-party liabilities, which will come at cheaper premiums. Meanwhile, a comprehensive car insurance policy will cost more as it would cover all parties involved—you, your car, third-party, and third-party property. Meanwhile, our other types of insurance, such as standalone own-damage policies, provide a gamut of cover options, which in turn deliver options in premium amounts.

Insured Declared Value (IDV)

Insured Declared Value (IDV) is the approximate current market value of the car after accounting for depreciation. IDV is the maximum amount you can claim if your four-wheeler is stolen or has suffered a total loss. Your car insurance is directly proportionate to your IDV, meaning a higher IDV results in higher car insurance premiums.

Add-ons

Your car insurance premium amount will increase when you opt for add-ons with your comprehensive car insurance policy. Different add-ons provide different types of additional cover for your four-wheeler to enhance vehicle protection, and your premium will depend on the number and types of add-ons you have chosen.

Age of The Car

The age of the car affects the premium of a four-wheeler insurance policy. Insurance premiums are higher for brand-new cars and cheaper for older ones. Since the value of your vehicle depreciates every year, the IDV/Insured declared value reduces along with the policy premium.

aims History

Car owners who have not made claims in a given year can avail of a No Claim Bonus (NCB) when renewing the policy. NCB is a progressive discount on the renewal premium for a car insurance policy, which goes up with each claim-free year. Five consecutive no-claim years can fetch you a decent discount of 50% on the car insurance renewal premium.

Deductibles

Deductibles denote the percentage of claim amount paid by the policyholder from their own pockets. A higher voluntary deductible means a lower premium as the proportion of the insurer’s liability goes down. However, a higher deductible also means a higher proportion of the claim that needs to be paid by you. So, choose well.

Geographical Location + Other Factors

Some other factors that affect the premium of a car insurance plan are the age of the owner, location where the vehicle is registered, make, model and variant of the car, any modifications made to the vehicle and if the car has additional security features. These factors can decrease or increase the premium you have to pay for your car insurance policy.

How to Calculate Car Insurance Premium?

The car insurance premium drives the choice of a four-wheeler insurance policy by individuals. As seen in the above section, there are many factors that affect this premium. But do you know how you can calculate the exact premium for your choice of car insurance policy? Below are the popular methods of calculating your four-wheeler insurance premium:

The car insurance premium drives the choice of a four-wheeler insurance policy by individuals. As seen in the above section, there are many factors that affect this premium. But do you know how you can calculate the exact premium for your choice of car insurance policy? Below are the popular methods of calculating your four-wheeler insurance premium:

Calculating your car insurance premium with our online premium calculator

A car insurance premium calculator is an online tool provided by insurance companies to help you calculate your premium in a jiffy. Simply enter the required information, select the policy coverage and add-ons and click on Get Price. The calculator will display the total premium you need to pay to buy the four-wheeler insurance coverage you need.

Calculating Own Damage Insurance Premium

The premium for an own damage insurance policy is calculated as follows: [Insured Declared Value*Premium Tariff as decided by Insurer] + Add-ons – [Discounts like NCB]

Calculating Insured Declared Value of your vehicle

The IDV for your vehicle is calculated as follows: [List price of thecar manufacturer – depreciation deduction] + [Cost of vehicle accessories which are not a part of list price – depreciation deduction of accessories]

Calculating Third Party Car Insurance Premium

As per the notification issued by IRDAI for the financial year 2022-2023, the premium rates that apply to Motor Third Party Liability Insurance for Private Cars effective from 1st June 2022 are as follows:

Not exceeding 1000 cc

Rs. 2,094

Exceeding 1000 cc but not exceeding 1500 cc

Rs. 3,416

Exceeding 1500 cc

Rs. 7,897

Tips to Reduce Your Car Insurance Premium

Car insurance premiums can be categorised as an additional monthly expense. Thus, knowing how to reduce the insurance price before you buy four-wheeler insurance can help you plan your monthly expenses better without compromising car protection.

Car insurance premiums can be categorised as an additional monthly expense. Thus, knowing how to reduce the insurance price before you buy four-wheeler insurance can help you plan your monthly expenses better without compromising car protection.

Compare Insurance Policies

Before you commit to any car insurance policy, instead of settling for the first premium quote you see, it is essential to gather all the information and compare different premiums offered for different plans. Compare the different plans based on available coverage, premiums, deductibles, and reviews to find the best fit as per your premium budget.

Opt for Voluntary Deductibles

A voluntary deductible is a choice by the policyholders to pay a proportion of the claim amount after an accident. In contrast, the insurance company pays the rest for repairing the car. When you raise a claim, the insurer will deduct this amount and settle the difference. By opting for higher deductibles, you can substantially reduce the cost of your car insurance premium.

Drive Safely

Your driving habits and history also impact the car insurance premium. For instance, the number and type of traffic violations committed by you in the past can increase the premium value significantly. Thus, you must maintain safe driving habits to qualify for a low car insurance price for your car insurance needs.

Avoid Making Small Claims

When you renew car insurance after issuance for a claim-free year, you get a discount on the premium you have to pay. This discount can go up to 50% for five consecutive claim-free years. However, even a single claim incurred damage will reset the NCB back to zero. We recommend not making claims against your policy during the policy period for minor damages frequently to keep your NCB from lapsing.

Choose The Right Coverage

Never pay for unnecessary coverage. Before you opt for a car insurance policy for your vehicle, do a dedicated assessment of the associated needs carefully, considering driving frequency, car value, geographical location, etc. Then, based on these requirements, choose a policy that offers the right combination of affordability and necessary protection.

Renew Insurance on Time

You must renew your car insurance policy on time to avoid higher premiums at the time of renewal. Therefore, always renew your policy on time to ensure continuous extensive coverage while increasing the chances of discounted premiums during renewals.

Insured Declared Value

When you get a car insurance policy, the insurer runs an assessment to establish the highest total claim value for your vehicle, known as the Insured Declared Value (IDV). However, you have the facility to reduce the vehicle’s IDV in exchange for a reduced cost of the premium. But remember that a lower IDV entails a lower maximum reimbursement value in case your car is stolen or damaged beyond repair.

Additional Safety Measures

If you choose to install additional security devices and modifications in your vehicles, such as parking sensors and anti-theft apparatus, you effectively reduce the risk associated with your vehicle. A reduced liability risk leads to lower and more convenient car insurance premiums from an insurer.

How to Buy/Renew Car Insurance Online

Input the Car Registration Number on the calculator above and select Get Price.

Fill out the car and personal details as prompted by the screen. Then, select the policy coverage and add-ons of your choice.

You will get an instant car insurance premium quote. If you are satisfied with the quote, you can proceed to pay the premium online.

Benefits of TATA AIG Car Insurance

Buy Policy Online

All it takes is three easy steps, and you can get your car insurance policy online without any delays. You can simply browse our plans, select one based on the type and coverage and as per your requirements and finally, purchase your policy without any hassles. Our online four-wheeler insurance purchase process is quick, simple and paperless! Once you pay the premium of your car insurance policy, we will send you the policy document on your email, which you can print, if needed

Customisation with Add-on Covers

When you purchase our comprehensive car insurance policy, you can choose from our offering of 19 add-ons to extend the coverage. These add-ons help customise your four wheeler insurance policy based on your specific needs. From Zero Depreciation (Depreciation Reimbursement) to Key Replacement, we have what you’re looking for in a car insurance policy!

Wide network of Garages

You can avail of cashless claims on your car’s repair with your Tata AIG car insurance policy. With more than 7,500 network garages all over India, you can repair your car at any of our network garages and get the benefit of cashless claims. And if you would like to visit a garage of your preference, we will instead settle your reimbursement claim so that you can focus on getting your car back on the road.

Easy claim process

When you file a claim on your car insurance policy, we offer an online claims process that is quick and convenient. Simply visit the Tata AIG website and click on the “Claims” section on the top right-hand side of the car insurance page to fill up the online claim form. You will need to provide a few basic details such as your car insurance policy number, contact details and some information about the incident. After which, we will immediately initiate your claim process. We also enable you to track the status of your claim for more transparency.

We Have a Wide-Reaching Network

Cashless claims with TATA AIG’s car insurance policy is easy. We have a network of over 7,500 garages across India, so no matter where you are, you’ll have a network garage close by for a cashless claim. In the unlikely possibility that you’re unable to get to one of our network garages, you don’t need to break a sweat. You can head to any trusted garage and get the repairs done. We’ll work on getting you a reimbursement claim instead. Either way, your car will be taken care of.

Security of your four wheeler

Our car insurance policies are well-equipped to help you keep your car protected from various kinds of damages, be it theft, loss or damage due to accidents or natural and man-made calamities. No matter what happens to your car, we will help you cover the losses without any hassles.

Claim settlement ratio

If you have a valid Tata AIG car insurance policy, you can raise a claim for damages to your car. We will ensure a prompt and swift disbursal of the claim amount in case of valid claims. Our claim settlement ratio of 99% in FY 2022-2023 shows how we can settle your claims quickly and easily.

Benefits of Car Insurance Renewal Online with Tata AIG

When it comes to buying a car insurance policy, here are some of the important reasons why you should get your four wheeler insurance policy online:

When it comes to buying a car insurance policy, here are some of the important reasons why you should get your four wheeler insurance policy online:

Quicker Process

To complete car insurance renewal online, you only need 3 steps with Tata AIG. This process is quick and ensures instant delivery of the renewed policy without the need for an agent or long queues.

Zero Paperwork

The online car insurance renewal process reduces the hassle of physical documents. You no longer require paper documents and additional physical forms to renew a policy, making it a quick and efficient process with instant policy delivery.

Continuous Coverage

With Tata AIG's online renewal process, forgetting due dates or realising the need for car insurance renewal very close to the expiry date is no longer an obstacle. This ensures you benefit from continuous coverage under your policy, keeping your car and personal safety in check.

Avoid Penalties

Driving with a valid car insurance policy, especially third-party car insurance, is mandatory to avoid non-compliance towards traffic rules and regulations, attracting hefty fines. However, with the ease of online car insurance renewal, you can avoid penalties with the convenience of instant renewals from anywhere.

What Happens If Your Car Insurance Expires?

Car insurance expiry is the date your current car insurance policy’s validity is over, and it no longer safeguards your vehicle. Driving with an expired policy can cause a lot of unnecessary non-compliance issues with financial implications and liabilities.

To ease the burden for policyholders, Tata AIG offers a grace period of 90 days from the date of expiry to complete car insurance renewals.

Failure to renew within this period can result in -

Hefty penalties

Loss of No Claim Bonus cover in car insurance

Loss of car insurance policy coverage

Risk of high out-of-pocket expenses

Risk of car insurance policy cancellation (depends on the lapse beyond a certain period)

Difficulties and additional documentation for delayed renewals

Benefits of Buying Car Insurance Online

Transparent

Not only is comparing car insurance policies online quicker, but it is also safer. Your personal details, payment details, and payment transactions are safe. The payment gateways are secured with online security protocols to avoid the risk of fraud.

Convenience

While purchasing your car insurance policy online, you also research the policy's coverage. This deep dive ensures that the policy type you pick is best suited for your car's needs and matches your budget. With an online car insurance calculator available from Tata AIG, you can check for different policies and the coverage they offer, add suitable add-ons and get an instant quote for your four-wheeler insurance cover.

Zero Agents Involved

An added advantage of online policy purchasing is that a middle agent is not required to assist with policy queries and the buying process. All policy-related information is readily available online, and you can buy a car insurance policy on your own in just three steps with Tata AIG.

Verify Insurer’s Credibility

Buying car insurance online also helps you verify any insurer’s credibility in just a few clicks. You can review online customer insurance reviews, feedback, and testimonials and validate the overall performance and assurance offered by different insurers to choose a reliable car insurance provider for your car insurance needs.

Validity Of Policy

With the option of purchasing a car insurance policy online and paying the premium at the same time, your car insurance policy validity starts from the date of risk inception when you make the payment. This ensures your car is covered from the start without the hassle of printing documents to support your purchase.

Instantly Receive Policy

With online car insurance purchases, you can choose a policy, combine add-ons, and make the premium payment instantly to receive the soft copy of your policy document as soon as you complete the purchase via email inbox, without any interruptions. You do not need to wait for your car insurance document's collection or physical delivery to start driving.

Zero Paperwork

Purchasing or renewing your car insurance online eliminates the need for paper documents, transactions, or additional registration to buy car insurance. The intervention of excessive documentation, waiting in queues, and the use of papers for your insurance documents are not required, with the quick and easy online process completed in minutes. The online application procedures only need a few details for submission, after which you can get insurance quotes, policy-specific inclusions and exclusions, and more as per your requirements.

Why Immediate Insurance Renewal for Your Car is Important?

A car insurance policy acts as a shield against unexpected circumstances while you are driving on the road. Thus, letting your car insurance expire can bring significant financial and mental implications.

You must car insurance renewal process at least 1 week before the expiry date, and here is why you must do so -

Avoid Fines—Driving without a valid car insurance policy is against the law and can result in traffic fines. Thus, renewing immediately ensures continuous coverage and compliance with the law.

Reduced Risk of Losing NCB Cover - With immediate car insurance renewal, you can benefit from continuous No Claim Bonus that will reduce the premium value for timely renewal for every claim-free year. Any gap in renewal can risk resetting your NCB to zero, resulting in higher premiums.

Low Scope of Missing Due Dates - Remembering due dates all the time can be a hassle, especially since everyone has many things to worry about. Thus, instead of postponing renewal until a day before the due date, completing it immediately ensures zero risk of losing policy coverage due to forgotten due dates.

Avoid Out-of-Pocket Expenses in Emergencies - Accidents can occur anytime without a heads-up. Thus, completing car insurance renewal now will safeguard your out-of-pocket expenses, which might be significant in case of delayed renewal, resulting in a total loss of coverage.

How to Renew Expired Car Insurance Online?

With Tata AIG, you can renew an expired car insurance policy online - Tata AIG policy as well as other company plans - within a grace period of 90 days after the expiry date with ease. The online process makes it very easy to renew your car insurance from the comfort of your home for continuity in financial protection.

With Tata AIG, you can renew an expired car insurance policy online - Tata AIG policy as well as other company plans - within a grace period of 90 days after the expiry date with ease. The online process makes it very easy to renew your car insurance from the comfort of your home for continuity in financial protection.

Check the Expired Policy

Understand your expired policy to assess the coverage details, eligible inclusions and exclusions, and combined add-ons.

Fill the Required Details

Enter your car registration number and select “Renew” to view the existing Tata AIG insurance policy information regarding coverage, add-ons, etc. If it is another company’s policy, click on “Get Quote”. Simultaneously, fill in all the necessary details about yourself.

Choose Add-on Covers

Select IDV or NCB if applicable and remove or choose necessary add-ons to combine with your base policy as per coverage needs

Check and Verify the Details

Review all the information added for the policy application and view the final quote based on your choices.

Make the Payment

Complete the required payment using one of the online payment methods.

Receive the Policy

Get your renewed car insurance policy to your email address.

How To File A Four Wheeler Insurance Claim?

We hope it never comes to this, but if there’s an accident or something happens to your car, you will have to file a claim. The easiest way to file a car insurance claim is online. Here’s a step-by-step break down of TATA AIG’s car insurance claims process:

After making sure that you and your co-passengers are safe, it is advisable to inform your insurance provider of the incident at the earliest and get your claim registered.

To register your claim online, you need to log in to your Tata AIG online and click on 'Claim'.

In the car insurance claim form, you will also need to specify if a third-party was harmed or if third-party property was damaged.

Once you’ve finished entering all the details, you simply need to click ‘Submit’.

After your claim is registered with us, we will provide you with a Claim Registration Number. State this number in all your communication concerning the claim status and settlement."

After you have filed a claim and submitted all the required documents, an inspector or surveyor will visit you to assess the damages caused by the incident. Our experts will peruse your car insurance claim form when the assessment is complete and determine the quantum of damage sustained by your vehicle.

Based on the surveyor's report, we will schedule your vehicle for a visit to either one of our 7500+ network garages or a non-network garage of your choice.

If you choose a network garage, you can make a cashless claim and get your repairs done without the need to pay anything out of your pocket.

If you cannot reach one of our network garages, you can take your vehicle to your trusted garage and pay for the repairs on your own. The cost of repairs borne by you at a non-network garage will be reimbursed against your car insurance cover.

Depending on your location and preference, you can get your car repaired at a cashless network garage or a non-network garage.

Once repair work to your vehicle has been completed, we will move to settle the claim after a thorough inspection of your policy documents, add-on covers, additional discounts and claims history. Once all your car insurance claim related documents have been verified, we extend our settlement offer for the cost of repairs. For claims made at non-network garages, owners will be offered a settlement for reimbursements. We ensure a speedy and seamless claim settlement. However, if you wish to track the status of your claim after filing it, you can do so here.

Documents Required for Filing a Car Insurance Claim

The lists provided below are standard documents required for filing a car insurance claim for accidental damage or theft. However, there might be additional documents based on the type of claim you file. It is recommended to speak to a customer service representative to get the necessary clarification.

The lists provided below are standard documents required for filing a car insurance claim for accidental damage or theft. However, there might be additional documents based on the type of claim you file. It is recommended to speak to a customer service representative to get the necessary clarification.

The claim form, duly filled and signed by the insured

A verified copy of the First Information Report (FIR)

A copy of the vehicle’s Registration Certificate (RC)

A copy of the driver’s licence

A copy of the policy documents

Accident photographs (for reimbursement claims)

Repair bills and other receipts (for reimbursement claims)

RTO transfer papers duly signed with Form 28, Form 29 and Form 30 (if you have purchased a second-hand car or transferred ownership of the vehicle)

NOC and Form 35 from the lender where the car has an active loan

Factors Impacting Insured Declared Value (IDV)

The Insured Declared Value is the approximate market value of your four-wheeler and the estimated amount of maximum reimbursement your insurance provider can give you in case of your car’s total loss due to an accident or if stolen.

Factors Impacting Insured Declared Value (IDV) The Insured Declared Value is the approximate market value of your four-wheeler and the estimated amount of maximum reimbursement your insurance provider can give you in case of your car’s total loss due to an accident or if stolen.

Make and model The other factor that influences a car's Insured Declared Value is its make and model. Hence, the IDV of an expensive car will be higher than that of a more affordable four-wheeler.

Usage of the car As the car ages, the parts undergo some depreciation due to usage and resultant wear and tear. The rate of depreciation is taken into account when calculating the IDV to arrive at the sum insured. For example, for the first six months, the car’s depreciation rate is at 5% and then increases each year. Once the car is 5 years old, its rate of depreciation is 50% and remains so as the car ages further.

Geographical location Another factor that affects the IDV is the geographical location where the car was registered. The IDV of cars in metropolitan cities is different from the IDV of cars registered in smaller towns in the country. This is because, in some areas, the risk of theft and safety concerns might be higher.

Safety Features and Modifications Another factor that can impact your car’s IDV is the type of modifications you have added to your car parts and the type of security or anti-theft devices you have installed in the vehicle. The higher the installation of safety features, the higher the IDV, and vice versa. Similarly, depending on the types of car modifications, the IDV might vary as it impacts the risk profile of your vehicle.

Not exceeding 6 months

5%

Exceeding 6 months but not exceeding 1 year

15%

Exceeding 1 year but not exceeding 2 years

20%

Exceeding 2 years but not exceeding 3 Years

30%

Exceeding 3 years but not exceeding 4 Years

40%

Exceeding 4 years but not exceeding 5 Years

50%

Self Service Options

A convenient way to register your claim & track your status.

Make changes to your policy & update your contact details.

Print policy document and view renewal notice

Did Not Find What You Were Looking For?

Car Insurance Terms You Need To Know About

Premium

This refers to the amount of money that the policyholder pays to the car insurance provider on a yearly basis to get the benefits of the car insurance policy.

Coverage

The coverage is the amount of risk that is covered for an individual through an insurance policy. It includes all the risk factors that the individual or the car (in car insurance) need to be protected against.

IDV

The Insured Declared Value or the IDV is the maximum financial amount which a policyholder can receive from the insurance company in the event of the car’s total loss - complete damage or theft.

No Claim Bonus

The No Claim Bonus is the discount on premium offered to the policyholder from the car insurance company for responsible driving and not filing damage claims during the preceding policy year.

Zero Depreciation (Depreciation Reimbursement)

The Zero Depreciation Cover (Depreciation Reimbursement) is an add on which helps car insurance policyholders avoid the deduction of the depreciation amount from their sum insured. Without the Zero Depreciation (Depreciation Reimbursement), car insurance companies subtract the depreciation on the car’s parts while settling the claim amount.

Own Damage

Own Damage refers to the damages caused to the insured vehicle and the Own Damage cover helps cover the financial losses incurred by the policyholder due to the damage to their insured car.

Personal Accident Insurance

This type of cover in a third party or comprehensive car insurance policy offers compensation to a policyholder in the event of disability due to a car accident, with the insured car involved. In case of the accidental death involving the insured vehicle of the policyholder, the compensation is given to the policyholder’s family.

Voluntary Deductible

The voluntary deductible is the part of the claim that is paid by the car insurance policyholder and is determined at the time of the policy’s purchase. If the deductible is higher, then the premiums will be lower.

Consumables

The parts of the car that cannot be reused after being used or consumed, such as the brake oil, nuts and bolts, fuel filter and more, are called consumables.

Cashless Claims

If you get your damaged car repaired at the network garages of your insurance provider, then the cost of the repair is directly sent to the garage by the insurer. Since the policyholder does not have to handle this expense from their own pocket, this facility is called a cashless claim.

Frequently Asked Questions

Policy Related

Service Related

How Can I Renew Expired Car Insurance?

Can I buy car insurance online? If yes, how?

How can I calculate the car insurance premium for my policy?

Is it necessary to have car insurance in India?

What does a car insurance policy cover?

This depends entirely on which TATA AIG car insurance policy you purchase. If you purchase our comprehensive car insurance plan, it will cover:

What is the online car insurance renewal process?

Are there any advantages to buying car insurance online?

We always recommend buying car insurance online as:

Should I get a comprehensive car insurance policy or is third-party enough?

Are there any important factors I should consider before buying or renewing car insurance?

What is a No Claim Bonus (NCB)?

What happens in my previous car insurance policy has already expired?

How can I claim car insurance?

What are cashless claims?

How long does it take for a claim to be settled?

Do I need to file an FIR in order to make a claim against my car insurance?

What does zero depreciation (Depreciation Reimbursement) mean in car insurance?

How Do I Renew Car Insurance Online?

How long will it take to renew my car insurance online?

Can I renew my expired car insurance online?

Can I transfer my insurance if I sell my car?

Is there a way for me to check the status of my car insurance?

What Our Customers Are Saying

Add on details are very interesting and customer can decide his own choice. Now unseen or hidden risks are covered.

Nice products tata Aig

FANTASTIC

excellent & flawless experience ! littelly renewed my insurance in less than a minute! keep it up TATA!

Thank you, the new process is very seamless! It's SO MUCH better and MORE intuitive than what you had until last year. Great work on the upgrade!

Easy process. However, no option to select 2 or 3 years

It been good experience, but can't give full marks.

OVERALL GOOD AND SATISFACTORY, TATA IS BRAND OF RELIABILITY

POLICY BUYING IS LIKE JUST A GO.....NICE EXPERIENCE TATA

GOOD PRICE

TATA is a Trusted Brand and always cheaper than other insurance company

Customer Service is awesome, Thank you so much for giving me discount. In future if I will plan to buy any new car, definitely I will insured my car by Tata Aig.

God damn awesome journey!!

Everything is transparent and smooth

VERY GOOD WEBSITE FOR RENEWAL

It was very convenient to use. And the best part was the service provide at home.

This no login premium renewal was a cakewalk. It was not there last year when i tried to renew.

Related Blogs

Who should choose a Zero Depreciation Cover?

Zero depreciation / depreciation reimbursement cover reimburses or compensates you the amount of claim that gets deducted due to depreciation.

What is Insured declared value (IDV)?

The term ‘IDV’ refers to the maximum claim your insurer will pay if your vehicle is damaged beyond repair or is stolen.

How to Calculate Car Insurance Premium?

Well it’s about time that changed, don’t you think? Read on to know the components of your car insurance premium, so you can save more, and get smarter along the way!

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BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS / FRADULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. Insurance is the subject matter of the solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure / policy wording carefully before concluding a sale. Trade logo displayed above belongs to TATA Sons Private Limited and AIG and used by TATA AIG General Insurance Company Limited under License. 2008, TATA AIG General Insurance Company Limited, all rights reserved. Registered Office : Peninsula Business Park, Tower A, 15th Floor, G.K.Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India. CIN: U85110MH2000PLC128425. IRDA of India Regn. No. 108. Toll Free Number : 1800 266 7780 / 1800 22 9966 (only for senior citizen policy holders). Email Id – customersupport@tataaig.com. Category of Certificate of Registration: General Insurance.

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS / FRADULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. Insurance is the subject matter of the solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure / policy wording carefully before concluding a sale. Trade logo displayed above belongs to TATA Sons Private Limited and AIG and used by TATA AIG General Insurance Company Limited under License. 2008, TATA AIG General Insurance Company Limited, all rights reserved. Registered Office : Peninsula Business Park, Tower A, 15th Floor, G.K.Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India. CIN: U85110MH2000PLC128425. IRDA of India Regn. No. 108. Toll Free Number : 1800 266 7780 / 1800 22 9966 (only for senior citizen policy holders). Email Id – customersupport@tataaig.com. Category of Certificate of Registration: General Insurance.