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Find Your Perfect Motor Insurance
Get the lowest premiums, maximum coverage, and instant policy - all in one place.
Why InvestKraft?
What is Motor Insurance?
Motor insurance is an insurance policy that financially protects your vehicle against damage, theft, or accidents. It also covers third-party liabilities as per legal requirements in India.
Top Motor Insurance Companies in India
The following are some of the top motor insurance companies in India:
| Insurance Company | Claim Settlement Ratio (%) | Network Garages | Apply Now Links |
|---|---|---|---|
| SBI General Insurance | 99.0 | 16,000+ | Click to Apply |
| HDFC ERGO General Insurance | 98.5 | 6,800+ | Click to Apply |
| Bajaj Allianz General Insurance | 98.5 | 4,000+ | Click to Apply |
| Royal Sundaram General Insurance | 98.6 | 3,300+ | Click to Apply |
| Reliance General Insurance | 98.0 | 8,200+ | Click to Apply |
| Liberty General Insurance | 98.0 | 4,500+ | Click to Apply |
| Kotak Mahindra General Insurance | 98.0 | 2,327+ | Click to Apply |
| Zuno / Edelweiss General Insurance | 98.0 | 1,500+ | Click to Apply |
| Magma HDI General Insurance | 97.1 | 4,000+ | Click to Apply |
| Future Generali General Insurance | 96.3 | 3,500+ | Click to Apply |
| Digit / Go Digit General Insurance | 96.0 | 6,000–6,500+ | Click to Apply |
| Chola MS General Insurance | 96.0 | 4,636+ | Click to Apply |
| Universal Sompo General Insurance | 96.0 | 3,500+ | Click to Apply |
| Shriram General Insurance | 96.0 | 2,000+ | Click to Apply |
| IFFCO Tokio General Insurance | 95.8 | 4,300+ | Click to Apply |
| United India Insurance | 95.0 | 3,100+ | Click to Apply |
| ICICI Lombard General Insurance | 95-96 | 5,600+ | Click to Apply |
| Bharti AXA General Insurance | 95 | 5,200+ | Click to Apply |
| Oriental Insurance | 94.0 | 3,100+ | Click to Apply |
| National Insurance | 93.0 | 3,100+ | Click to Apply |
| New India Assurance | 92–95 | 3,000+ | Click to Apply |
| Raheja QBE General Insurance | 92 | 1,000+ | Click to Apply |
| Tata AIG General Insurance | 92 | 7,500+ | Click to Apply |
| Acko General Insurance | 72–91 | 2,000+ | Click to Apply |
Benefits of Motor Insurance with InvestKraft
The following are the benefits of motor insurance for you:
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Compliance: In India, it is mandatory by law to have insurance for your vehicle.
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Financial Safety: Accident repair and recovery costs are covered,so you don’t have to pay..
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Peace of Mind: Enjoy the ride, and do not worry about repair costs in case of unfortunate events
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Complete Protection: Protection from theft, natural disasters, terrorism and more.
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Extra Perks: Various addons available like roadside help, zero dep, bumper-to-bumper, return to invoice, and more.
What is Covered and What is Not Covered in Motor Insurance Policy?
There are certain inclusions and exclusions in your motor insurance coverage that you must be aware of before buying your insurance:
What is Covered?
- Damage to the vehicle in an accident or mishap
- Natural disasters like floods and earthquakes (acts of God)
- Transit damage
- Damage from fire, theft, riots, strikes, terrorism
- Damage to the vehicle due to internal technical problems
What is Not Covered?
- Driving under the influence of alcohol or drugs
- Driving without a valid driving license
- Rash or negligent driving
- Using the vehicle for illegal activities
- Driving outside India (unless specifically covered in your policy)
- Normal wear and tear (depreciation)
Why Choose InvestKraft for Your Motor Insurance?
We know you have plenty of options, but here is why choosing InvestKraft makes all the difference:
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Completely Digital:
No paperwork, no waiting time, get your insurance in a few minutes. The same goes for the renewal of your motor insurance.
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Totally Customisable:
Whether you want to add roadside help or want to remove previous add-ons, you can do so at your convenience. You are in absolute control.
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Fully Transparent:
Nothing will be hidden from you. See what you are paying for. Understand your coverage clearly with no hidden charges.
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Completely Secured:
InvestKraft makes sure all your payments are absolutely safe and through secure gateways.
No problem, click below to get a call back at your convenient time.
Request a Call BackLet us Learn More About Motor Insurance in India
Before we explore more about motor insurance, let us first look at the highlights:
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Motor insurance is a financial safety net for your vehicle.
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It is a legal contract between you and the insurance company.
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You pay some fixed amount every year or month (also known as a premium), and in return, the insurance company promises to cover you in case your vehicle is damaged or stolen.
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As per your chosen insurance, various other aspects are also covered, like injury or death during the accident and other aspects.
Whether you drive a car, scooter, truck, or bus, motor insurance is of utmost importance.
Why is Motor Insurance Mandatory by Law in India?
The following are the reasons why motor insurance has become mandatory in India:
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Due to severe accidents and mishaps on roads, there is a loss of life or vehicles or both.
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And when it happens, someone has to pay for the damages.
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This is the reason why the Motor Vehicles Act, of 1988, says every vehicle on public roads must have insurance.
What are the Categories of Motor/Vehicle Insurance in India?
The following are the three categories of motor/vehicle insurance in India, and you can get the best vehicle insurance only on InvestKraft:
What are the Types of Motor Insurance Policies?
There are mainly three types of motor insurance policies, depending on coverage:
This is mandatory by law. It covers injury or damage caused to others. However, it does not cover your own vehicle. This is the reason it is cheap.
The most premium type of insurance. It covers third-party and your own vehicle. It has add-ons too, in which you can get injury cover for you as well as for third-party.
This covers your own vehicle’s damage. You should combine this with a third-party policy for full protection.
What are the Documents Required for Motor Insurance?
The following are the documents required for motor insurance:
- RC (Registration Certificate)
- Driving Licence
- Identity Proof (Aadhaar, Voter ID, etc.)
- Address Proof (Utility bills, Passport, etc.)
- Previous Insurance (if any)
- Passport-size photos (2-3)
- PUC (Pollution certificate)
- Vehicle Invoice (for new vehicles)
What are the Components of Motor Insurance Policy?
The following are the parts of the motor insurance policy. We recommend that you go through them so that there is no confusion when you read your motor insurance policy:
Premium
The amount you regularly pay to stay covered.
Deductible
The amount you have to pay out of your pocket during a claim.
No Claim Bonus (NCB)
Discount for not making claims.
Add-ons
Extra benefits you can buy.
Insured Declared Value (IDV)
The maximum amount you can get if your vehicle is destroyed in an accident or is stolen.
What are the Popular Add-Ons for Motor Insurance?
The following are some of the popular and important coverages that you can add to your current comprehensive policy:
| Add-On Cover | What It Does | Apply Now Links |
|---|---|---|
| Zero Depreciation | Full value claim. No deduction for wear and tear | Apply Now |
| Roadside Assistance | 24/7 help if your car breaks down | Apply Now |
| Engine Protection | Apart from regular damage, it covers water damage as well. Mostly in floods, the engine gets locked, and it is a huge cost for car owners. | Apply Now |
| Key Replacement | Lost your car keys? Get another cost-free of charge. | Apply Now |
| Return to Invoice | Get the full purchase price if the car is destroyed or stolen. | Apply Now |
| NCB Protector | Keeps your No Claim Bonus safe even after a small claim | Apply Now |
| Personal Accident Cover (Mandatory) | Covers injury/death of the driver | Apply Now |
| Passenger Cover | Adds a safety net for your co-passengers, too. | Apply Now |
| Outstation Emergency Cover | Help if stuck far from home (living, food and fuel expenses apart from other expenses if required) | Apply Now |
InvestKraft can cover your car from all possible threats, thefts and accidents.
Click to insure your car now!How to Choose the Right Motor Insurance Policy?
Now, we know that the market has been flooded with hundreds of insurance policies for your vehicle, and each one claims to be the best. Well, here, we will clear your doubts:
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Buy from a registered insurance seller: Always check if the company from which you are buying insurance is registered and recognised, as the chances of fraud are always there. InvestKraft is registered with IRDAI and can take care of all your insurance needs.
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Know What You Need: If you have a new car, go with comprehensive insurance along with the necessary add-ons. However, if you have an old vehicle, go for third-party insurance.
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Compare Policies: You can use various tools available to compare policies. Check for premiums, features, claim process, claim time and other hidden expenses.
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Check Claim Settlement Ratio: This is a very important ratio that tells a lot about the company from which you are buying insurance. It tells you how often the insurer actually pays up!
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Look at Network Garages: The higher the number of cashless garages, the faster repairs will be.
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Check for Discounts: Insurance companies give a bonus for clean driving, anti-theft devices, and some other criteria.
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Read the Fine Print: Always read the terms and conditions carefully. Take time to read those. There is a reason why they are printed small, as many times, companies try to hide their policies by printing them in small letters in the terms and conditions document.
Why Renew Motor Insurance Through InvestKraft?
The following are the reasons why you should trust us with your insurance requirements:
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100% Online, Contactless Renewal:
No paperwork, no queues. Renew from anywhere - phone, laptop, sofa.
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Superfast and Easy:
All you need to do is enter a few details and some clicks, and DONE! Your policy is in your inbox, no waiting at all.
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Customise As You Like:
Whether you want to add roadside help or want to remove previous add-ons, you can do so at your convenience. You are in absolute control.
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Full Transparency:
Nothing will be hidden from you. See what you are paying for. Understand your coverage clearly with no hidden charges.
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Safe and Secure:
InvestKraft makes sure all your payments are absolutely safe and through secure gateways.
Motor Insurance Claim Process: Step-by-Step Guide
Inform the Insurer Immediately
File an FIR (if necessary)
Submit the Claim Form
Surveyor Assessment
Keep Records of all Communication
Claim Settlement
Frequently Asked Questions (FAQs)
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