Motor Insurance
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Affordable Premiums
Faster Claims
Affordable PremiumsFaster Claims
PolicyX.com offers motor insurance solutions to protect your vehicle with end-to-end benefits.
It ensures that if your journey accidentally affects another traveller (another vehicle, a person, or property), the costs are covered. It's the law's requirement, a basic act of road-sharing responsibility.
This particularly covers your vehicle in case any damage occurs to your vehicle. Whether it's a collision with a shopping cart, or even the misfortune of theft, this coverage steps in. It's like a personal bodyguard for your vehicle.
It combines the strengths of both third-party liability and own damage insurance. It's like having a personal security shield and a reinforced vehicle all in one. It protects you from almost all mishaps.
This is compulsory for all vehicles operating on public roads in India, as mandated by the Motor Vehicles Act of 1988. The purpose of motor insurance is to provide financial protection to those who may be injured or have a vehicle damaged in a road accident. It ensures that victims of accidents receive compensation, even if the vehicle owner at fault cannot afford to pay.
| Inclusions | Exclusions |
| Loss or damage to the vehicle due to natural disaster | Normal deterioration of the vehicle over time |
| Bodily injury or death to the third party | Failures of the vehicle that are not caused by the accidents |
| Damage to the third-party property | Damages caused while driving under the influence of alcohol or drugs |
| Damage to your vehicle due to an accident | Damage caused by the war, invasion, or nuclear event |
| Damage from man-made disasters, fire and explosions | Damage occurs outside of the geographical area that is specified in the policy |
| Theft of the vehicle | If the vehicle is used for commercial purposes, and it is insured as a private vehicle |
| Compensation for the owner/driver in case of death or disability | Damage that is purposefully inflicted |
Step 1
Research various plans, and compare the quotes provided.
Step 2
Provide vehicle details and personal details if required.
Step 3
Select the available policies and choose the one that best fits your requirements.
Step 4
Make the payment, we provide several gateways like UPI, credit card, debit card etc, that you can use to make payment.
Step 5
Within a few minutes your vehicle will be secured. The policy documents will be mailed to your registered mail ID.
Go paperless with PolicyX when buying motor insurance. Provide us only with
Instant hassle-free motor policy download post-payment
Motor Insurance renewal is quick and hassle-free with PolicyX. Simply follow the process below:
Give us your vehicle registration number, year of purchase, make, model, and view insurance quotes.
Select motor insurance type and tenure along with add-ons as per your needs. Choose from a variety of personalized motor insurance plans.
Once you select your motor insurance, pay online, and your policy will be renewed instantly. You will receive policy documents via email.
Renew your motor insurance on time for the following reasons:
Avoid loss of no-claim bonus by renewing motor insurance within 90 days from expiry.
The penalty for uninsured vehicles is high, and you may face imprisonment!
Avoid out-of-pocket expenses due to loss or damage to your vehicle. Motor insurance is your ultimate financial shield.
Follow a hassle-free claim process by following these simple steps.
Want to know how to calculate motor insurance premiums? Let us look at the methods:
Input important details of your vehicle, select add-ons, and click on ‘Get premiums.’
Calculate your vehicle’s insured declared value to determine motor insurance premiums [Car Manufacturer Price - Depreciation] + [Cost of Vehicle Accessories Not Included in the Manufacturer Price - Depreciation of Accessories].
Take a look at some factors that all motor insurance companies look at to decide motor insurance premiums.
Plays a crucial role in deciding motor insurance premiums. Cities with less traffic and vehicles have lower motor insurance premiums compared to dense urban metropolitan cities.
The repair and replacement cost for a new vehicle is higher. With increased wear and tear, its value depreciates, resulting in lower premiums.
Enhance overall coverage for your vehicle with add-ons. However, keep in mind that add-ons come with additional premiums.
Your motor insurance premium is decided based on your vehicle’s approximate market value. Calculate your motor insurance premiums with the PolicyX premium calculator.
Motor insurance premiums are affected by the type of coverage selected, with third-party policies generally being less expensive than comprehensive plans.
The make and model of your vehicle will affect the premiums of your motor insurance as the newer models in the market are more difficult to repair.
Add-on covers are to enhance your PolicyX motor insurance policy. Let us discuss available add-ons with your comprehensive motor insurance policy.
Motor insurance is all about securing your cars, two-wheelers, and other road vehicles against the damages caused due to accidents or natural calamities.
Yes, motor insurance is mandatory in India. The Motor Vehicle Act 1988, mandates that all the vehicles operating on public roads in India must have at least third-party liability insurance.
You must buy a comprehensive motor insurance plan to protect you from unfortunate accidents, vehicle loss due to theft or natural calamity.
PolicyX.com allows you to compare quotes from various insurance companies in one place. This saves time and effort compared to visiting each insurer's website individually.
Generally, you will get motor insurance for 12 months, after which you need to renew the policy. But, for two-wheelers, you can opt for the 2 to 3 policy years.
If you do not have motor insurance in India, it can lead to significant legal and financial consequences. You need to pay the fine and your vehicle could be seized. Also, you need to bear the cost of damage or injuries in case of any mishappening.
The TAT of the claim settlement process is 24 to 48 working hours.
It covers your legal liability for injuries or damages caused to a third party meaning the other person, vehicle or property, in an accident involving your vehicle.
IDV stands for Insured Declared Value, it is the current market value of your vehicle. It shows the maximum sum insured that you will receive from the insurer if your vehicle is stolen or suffers a total loss.
Factors include the vehicle's make and model, age, IDV, engine capacity, location, driving history, and add-on covers.
Yes, you can transfer your motor insurance policy within a given time. But you need to inform your insurance company and follow their procedures.
