Chevrolet Car Insurance
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Chevrolet is an American brand of automobiles that was popular in India. These cars offer a mix of high performance and safety. A Chevrolet car insurance policy can help you get the benefits of insurance coverage and services at a low price when buying from ACKO. This article sheds light on all important aspects of Chevrolet car insurance.
Benefits of Buying Car Insurance Online from ACKO
A digital-first insurance company like ACKO can offer instant policies, thanks to the recent wave of digitization. Technology has evolved to provide quality services at a faster rate. You can consider the following reasons for switching to a digital insurance company.
1. Secured Transactions
ACKO has ensured that each transaction occurring on the website or ACKO’s mobile app is secured with multiple layers of online security. These are similar to other e-commerce transactions that you may have completed in the past. This makes buying car insurance easy and safe.
2. Time-saving Process
Traditionally, buying car insurance was time-consuming. You first had to apply for a policy and complete the documentation process. Once your application is approved you would get the physical copy by post. This whole process is done within minutes while buying from ACKO and a lot of time is saved.
3. No Agent-influence
A car insurance agent can sometimes misguide you into buying certain coverages that might not be suitable for you. This will only increase your car insurance premium while not adding any actual value to the policy. Since no agents are involved in an online process, you are free to choose the coverage as per your needs at lower costs.
Types of Car Insurance Plans for Chevrolet
It is fairly common knowledge that buying a car insurance policy is mandatory by law in India under The Motor Vehicles Act, 1988. But buying the most suitable plan is the key to getting the most out of your car insurance policy. Car insurance is broadly divided into the following two types.
1. Third-party Liability Insurance
Third-party Car insurance offers cover against third-party injuries or death and property damage. Legal Liabilities are also covered under this plan. This is a basic policy and is enough to abide by the law. However, it will not cover your car for damages.
2. Comprehensive Insurance
This policy covers Third-party liabilities as well as damage to your car, i.e. Own Damage. A Comprehensive Policy covers financial damages like a total loss, theft of the car, fire, natural or man-made calamities, etc. Another advantage of buying this plan is that it can be customized with various add-ons.
What’s Covered in Chevrolet’s Car Insurance Policy? (Inclusions)
Inclusions or coverage of a car insurance policy are situations where you must get in touch with the car insurance company and raise a car insurance claim. Following damages are usually covered under a Comprehensive policy.
Damage from natural or man-made calamities
Third-party damages
Accidents
Fire
Theft
Total loss, i.e. damage beyond repair
Personal Accident Cover (Purchased separately)
Add-on coverages purchased while buying the policy
What’s Not Covered in Chevrolet’s Car Insurance Policy? (Exclusions)
Every car insurance policy has a set of exclusions or situations on which the policyholder cannot raise a claim for damages. The policyholder should bear the expenses related to such situations. The following list is about the general exclusions of a comprehensive car insurance policy.
Regular wear and tear
Consequential loss
Driving in an intoxicated state
Not carrying valid documents while driving
Mechanical or Electrical damage
Claim against an expired policy
Intentional damage
Add-ons for Chevrolet Car Insurance
Add-ons can be purchased with a Comprehensive policy only. One can choose from the following list of add-ons with their car insurance policy.
Return to Invoice Cover
Personal Accident Cover for Passengers
Consumables Cover
Key Replacement Cover
No Claim Bonus Protection
Why ACKO?
ACKO is one of the leading digital-first general insurance companies that offer the following benefits.
Low Premiums
When you buy car insurance from ACKO, you get the lowest price through additional discounts as there are no agent commissions involved. This decreases the premium of the insurance policy and you get full coverage as per your choice at a lower rate.
Easy Claims
Insurance claims have a reputation of being delayed and complex, however, this process is greatly simplified at ACKO. You can raise a claim from ACKO’s website or mobile app in a few simple steps without the hassle of submitting hard copies of documents.
Value-Added Services
We offer free pick up and drop service (in select cities) at no extra cost, so that you can save time travelling to the garage for repairs.
Claim Process
Making a claim is as easy as buying or renewing a car insurance policy online. The following steps will guide you to get started on the claim process.
Step 1 - Visit www.acko.com or download the mobile app.
Step 2 - Login to your profile and select the car you wish to claim for.
Step 3 - Enter the required information and click on “Claim Now”.
ACKO will get in touch with you to understand the damage and guide you on the next steps once you submit the claim via your ACKO profile.
Frequently Asked Questions
The following questions will help you get a deeper understanding of car insurance policies.
FAQs
My car insurance plan for my Chevrolet is about to expire, how long will it take for the car insurance renewal process?
You can renew your car insurance policy within minutes as the current policy is still active. You will also be given an option to set the start date of your new policy. Simply log in to your ACKO profile, enter the required details and renew the plan to get your new policy.
Is a car insurance policy bought online valid as per the law in India?
Yes, ACKO insurance is registered with the IRDAI i.e. the insurance regulator of India. Car insurance policies bought online from ACKO are fully valid and can be displayed to the authorities as and when required.
Why is Claim Settlement Ratio important while buying a Chevrolet car?
Many car owners consider Claim Settlement Ratio (CSR) as one of the main factors of choosing a car insurance company. It is the number of claims settled upon the number of claims received in one financial year. This ratio is perceived as the capability of an insurer to settle claims.
How to make changes to my current car insurance policy for Chevrolet?
The process of making changes to a car insurance policy is called Endorsement. You can get in touch with ACKO if you wish to change the details present on your car insurance policy.
Why is comprehensive car insurance better for a Chevrolet?
A Comprehensive Policy covers the insured car as well as Third-party Liabilities. It can also be customized with car insurance add-ons of your choice. This is why buying a comprehensive policy is a better option as compared to a basic policy. You can get your car insurance quote on ACKO for a comprehensive policy by entering a few simple details.
Car Insurance for Chevrolet Car Models/Variants
Below are the car insurances for Chevrolet models in India.
