Car Insurance in Chennai

Mandatory by Law: Driving without car insurance in Chennai is illegal and can lead to fines and penalties. The Motor Vehicles Act of 1988 states that you need to have at least third-party insurance. 

Financial Protection: A car insurance policy in Chennai serves as a crucial safety net by covering the costs of repairing or replacing your vehicle if it's damaged in an accident. Thus, offering financial protection in unforeseen circumstances, this insurance policy prevents your savings from draining out during such events.

Protection Against Floods: Chennai is heavily prone to flooding which makes it crucial to have protection for your vehicle. You should buy a Comprehensive policy in Chennai to get protection against flooding. 

Peace of Mind on Chennai Roads: Knowing you are insured provides peace of mind while exploring the city's busy streets and unpredictable conditions.

Third-party Liability Coverage: It also provides liability protection, essential for safeguarding your finances in case you're held responsible for injuring someone else or damaging their property in a car accident.

Add-ons: Car insurance policies can also be tailored to fit individual needs and preferences, offering flexibility in coverage limits by opting for different add-ons. Some add-ons you can include in your car insurance policy are No Claim Bonus Protector, Zero Depreciation Cover, Consumables Cover, etc. These add-ons are, however, available at higher premiums

Coverage for vehicle damage due to accidents

Any damage to the vehicle due to fire outbreaks or natural disasters.

Third-party liability coverage

If the insured vehicle is lost or stolen

Personal accident injury 

Damage caused intentionally or due to involvement in illegal activities

Wear and tear, mechanical breakdown, or regular maintenance costs

Damage to personal belongings inside the vehicle

Using the vehicle for commercial purposes

Driving under the influence of alcohol or drugs

Overspeeding the vehicle

Driving a vehicle outside the geographical location mentioned in the policy document

Roadside Assistance Cover: The Roadside Assistance Cover assists in case you get stranded in the middle of the road and need assistance.

No Claim Bonus Protector: The No Claim Bonus Protector or NCB protects your accumulated No Claim Bonus even after you have raised a claim in a given year. With NCB in your policy, you can get a discount of up to 50% on premium amounts.

Consumables Cover: A car insurance policy typically does not cover consumables like lubricants, nuts and bolts, gearbox oil, etc. However, with this cover, you can get protection even for consumables.

Engine Protection Cover: The Engine Protection Cover protects you financially in case the car’s engine gets damaged in an accident.

Zero Depreciation Cover: With zero dep insurance add-on, you can get the complete claim amount, irrespective of the depreciation costs.

Return to Invoice Cover: The Return to Invoice or RTI cover provides the complete claim amount based on the original invoice, irrespective of any depreciation. This cover is useful in Chennai to get complete compensation. 

Go to car insurance option on ACKO’s website or mobile phone

Enter the vehicle registration number and click on ‘Check Prices’

Provide the vehicle related details such as its registration number, make, and model along with personal details like your mobile number, pincode, email address, etc

A list of car insurance plans will be visible

Select a suitable car insurance policy along with the necessary add-ons

Make the premium payment, after which you will receive the policy details

Go to the car insurance option on the ACKO app or website

Login with your mobile number

Your car insurance policy will be visible, then click on ‘register claim’

Next, enter the necessary documents like FIR, claim form, etc, and successfully register the claim

Driving license of the policyholder

Registration certificate of car

FIR (if required)

Identification proof of the policyholder

Original repair bills in case of reimbursement claim

Premium payment receipt

Go to the car insurance option on the website

Login with your mobile number

Click on the ‘policy document’ and select ‘download’ option

Then, download the policy document and save it for future reference

Check Your Coverage Requirements: Before purchasing a four-wheeler insurance policy, it's essential to assess the coverage that aligns with your driving habits. For instance, you can buy a third-party policy only if your car is old. 

Compare All the Plans Available: If you are planning to buy a car insurance policy in Chennai, you should compare all the plans available in the market. Doing so will help you pick a policy that best aligns with your needs and budget.

Select the Right IDV: IDV, or the Insured Declared Value, is the exact market value of your four-wheeler. Hence, declaring the right IDV when buying a car insurance policy is important. The higher the IDV, the higher the premium amount, so selecting the appropriate IDV is very important.

Choose Suitable Add-ons: There are a number of add-ons available that you can include in your four-wheeler insurance policy to enhance its coverage. For example, since Chennai is prone to flood, you can buy Engine Protection Cover to get adequate coverage against such scenarios. Some other add-ons you can consider adding to your policy are No Claim Bonus Protector, Zero Depreciation Cover, Roadside Assistance Cover, Key Loss Cover, etc.

Check the Claim Settlement Ratio: It is very important that you check the claim settlement ratio before settling on to buy any policy. The claim settlement ratio is the ratio between the number of claims raised to the number of claims settled. So, look for an insurer with a higher claim settlement ratio, as this will increase the chances of your claims settling.

24*7 Customer Support: Always choose an insurer that offers 24*7 support. This helps you get all your queries answered anytime and anywhere. 

Availability of Network Garages: Network garages are tied up with insurance companies and provide the option of a cashless repair facility. Hence, you should choose insurers that have a tie-up with a higher number of network garages.