In the past the opportunity to buy car insurance online was not available, however now with the help of the internet such things are possible. Through the internet one can surf online for various insurance schemes from a variety of companies immediately and even buy the insurance online.

Car insurance used to be considered a frivolous and unnecessary expense in India. But India’s Motor Vehicles Insurance Act has now made it mandatory for all vehicles in India to be covered by insurance or be fined. Any vehicle being driven on Indian roads needs to be insured, whether the vehicle is being used for business or social purposes.

This act is subdivided into:

• Third party insurance or Act only risk covers any damaged caused to life or property of a third party. The damages caused to the insured party’s vehicle aren’t compensated for under this division.
  
• Comprehensive insurance provides a wider range of insurance coverage for a vehicle. This kind of vehicular insurance covers not only third party damages like the Act only risk insurance, but also protects the insured persons vehicle from damages caused by fire, earthquakes, riots etc; and even loss or theft of the vehicle.
  

Automotive insurance coverage is usually valid for a period of one year. An insured must make sure that the premium for the vehicle is paid well within the expiration of the policy to maintain constant vehicular insurance coverage.

There are various kinds of plans for automobile insurance coverage in India that extends not only to 4 wheelers, but also to two wheelers, three wheelers and commercial vehicles like trucks and trailers.

India having the status of being the second largest 2 and 3 wheeler manufacturers in the world (after China and Japan that are tied in first place) speaks for the ever growing numbers of 2 and 3 wheelers on Indian roads. 2 wheeler traffic is recorded to being about 70% of total traffic on Indian roads. This makes Indian auto insurance companies like ICICI Lombard, Bajaj Allianz and The New India Assurance some of the biggest names in providers of insurance for two wheelers.

Lots of companies are now throwing their doors open to accommodate the automobile insurance needs of the Indian citizens. Thanks to the growing influence of the internet in daily workings, it is not very difficult to find an insurance policy that meets specific criteria of an insured.

Most Indian automobile insurance companies provide incentives like no-claim bonuses to those policy holders if no compensation claim has been made. These bonuses are provided for rates as high as 50% of the policy, providing a major incentive to the policy holder to keep his policy record clean and practice safe driving.

Indian automobile insurance also provides for both HCV and LCV insurance.

HCVs or Heavy Commercial Vehicles constitute a major role in the delivery of goods and services circuit that runs all over India. Growing number of companies want to make their products/services available to people beyond the borders of their home city/state. This trend has made it necessary for Heavy Commercial Vehicles to be covered by insurance; thus protecting them from minor to major accidents while on the road. Insurance policies that cater to HCVs provides for protection against any injuries caused to person or property, third party drivers and pedestrians.

Insurance for LCVs or Light Commercial Vehicles is more or less similar to the insurance policies provided to HCVs. Subscribing to policies for LCVs can also be done over the internet.

Whatever the size, model, value or use of a vehicle, any and every vehicle be it a motorbike, car or truck being driven on roads in India; Insurance is mandatory not only because of the legal requirement but also for the need to protect and assure life of both an insured and others. Just fill out the form and we will help you out

Auto insurance is often regarded as an additional expense, by people who are buying a car and is thus overlooked by them. Nonetheless if looked at in the long run, buying automobile insurance proves to be necessary as it significantly decreases monetary expense at the time of a mishap.

The majority of car owners have a general view of their insurance requirements. As per the law, auto insurance must cater to some basic criterion to ensure its legitimacy. The principal coverage's included in car insurance are:

• Liability coverage
  
• Personal injury protection- which includes medical expenses, death benefits, property damage liability and uninsured/underinsured motorist coverage.
  
• Collision coverage
  
• Comprehensive coverage.

All of which have their particular range of necessities in relation to these coverage's. A sufficient amount of knowledge on these would enable one to trim down on insurance costs.

• Liability insurance supplies the injured driver of the vehicle with coverage. Along with that it covers those injured and property damaged due to the calamity.
  
  
• Personal injury protection: In some States the insurance policies are meant to provide personal injury protection and take care of all the expenditure that takes place during medical treatment. There are also some policies which look into compensation towards the loss of earnings, of an injured person who is insured. A policy that incorporates a death benefit option is a good choice as it provides monetary security to the family of the insured person in the time of unexpected death.
  
  
• Collision coverage looks into the insurance for any damage that is incurred through collision.
  
  
• Comprehensive coverage is for matters like theft, fire, and damages due to falling objects, missiles, explosions, earthquakes, flood and riots.

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