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Old 26th September 2012, 12:11   #2176
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Default Re: Automobile Insurance Queries? Ask me

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Originally Posted by ghodlur View Post
The PA for unnamed passenger should not be more than Rs 500/- for an amount of 2L per passenger and I suggest you should go for it. I can see that you have not opted for ICE cover which earlier you had proposed for 30K, any particular reason for the same? Apart from that everything else looks OK. I think you should go for RS.
Actually I had asked for the ICE coverage, but the tele sales guy didnt include in the quote. Maybe that's why his offer is so low.
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Old 26th September 2012, 12:48   #2177
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Actually I had asked for the ICE coverage, but the tele sales guy didnt include in the quote. Maybe that's why his offer is so low.
Suggest you to visit the RS website and get an online quote yourselves. Just ensure one thing that the model/variant is correctly selected as most of these online website are not updated with the latest ex showroom costs/model variants which may result in wrong IDV and hence different premiums.
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Old 26th September 2012, 13:04   #2178
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Default Re: Automobile Insurance Queries? Ask me

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Suggest you to visit the RS website and get an online quote yourselves. Just ensure one thing that the model/variant is correctly selected as most of these online website are not updated with the latest ex showroom costs/model variants which may result in wrong IDV and hence different premiums.
Did exactly that and I was surprised. RS offering the HIGHEST IDV (even higher than last year) and the lowest zero-dep premium. Unbelievable.

Bajaj is somewhere in the middle. Tata AIG offering lower IDV and premium though. I have had bad experience with TA so thinking of going to BA.
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Old 27th September 2012, 11:39   #2179
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Default Re: Automobile Insurance Queries? Ask me

My Punto diesel will be 3 year old by next month. My insurance will expire by Oct 4th. Current policy is with tata AIG with no claims this year.
for next year im planning to go with Bajaj Allianz as their quote is the lowest. Is it worth going for zero depreciation cover in a 3 year old vehicle??
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Old 27th September 2012, 11:49   #2180
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for next year im planning to go with Bajaj Allianz as their quote is the lowest. Is it worth going for zero depreciation cover in a 3 year old vehicle??
I dont think so you will get the zero dep cover for cars more than 3 yrs old as none of the Insurers IMO offer zero dep for cars more than 3 yrs old (I may be wrong). Suggest to verify. You will have to go for a normal Insurance policy only.
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Old 27th September 2012, 12:09   #2181
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Default Re: Automobile Insurance Queries? Ask me

Guys Need some advice:

My Micra's insurance is due for 1st Year Renewal on 3rd October and Bajaj Allianz have given the following quote:

Model : Micra (P) XL
IDV: 396770

Premium: 13026
Discount: (2048)
NCB 20%: (2605)
Basic TP: 925
PA owner : 100
Paid Driver: 50

Net Premium : 9412
ST: 1163

Total Premium to be paid: INR 10575

With Zero Zep Cover it comes to INR 13919

Also I am wondering should i take the Zero dep for the car, cause it will add around 4-5K on the premium amount

Any views?

Sid
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Old 27th September 2012, 12:39   #2182
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Also I am wondering should i take the Zero dep for the car, cause it will add around 4-5K on the premium amount
Sid,
IMO you should go for a zero dep since you Micra is just an year old. Zero dep has been very useful in case of claims where your contribution towards repair will be next to nothing. Check out this thread by the late Sam kapasi (Yeti).

http://www.team-bhp.com/forum/indian...worked-me.html
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Old 27th September 2012, 12:42   #2183
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Default Re: Automobile Insurance Queries? Ask me

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Originally Posted by ghodlur View Post
Sid,
IMO you should go for a zero dep since you Micra is just an year old. Zero dep has been very useful in case of claims where your contribution towards repair will be next to nothing. Check out this thread by the late Sam kapasi (Yeti).

http://www.team-bhp.com/forum/indian...worked-me.html
Yep was thinking the same too (I have zero dep on the Vento), was just wondering if the quote is reasonable. Future Generali Zero Dep comes to INR.13009. I am just waiting for the quotes for ICICI Lombard, as all three have tie ups with the Ichibaan for cashless claims

Sid

Last edited by siddharthdeb : 27th September 2012 at 12:43. Reason: Info Added
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Old 27th September 2012, 18:35   #2184
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Default Re: Automobile Insurance Queries? Ask me

Final quote from Bajaj Allianza/Honda Assure 0 dep insurance...for Honda City SMT October 2010 model.

IDV - 6,10,000

Premium - 19K

car will turn two year old this October and has clocked around 13K KMs.

Please tell me if this is the right premium/IDV or not.
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Old 28th September 2012, 13:56   #2185
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Default Re: Automobile Insurance Queries? Ask me

Folks,

Need some urgent help.

I picked up a vehicle from Cochin, Kerala. The vehicle is only 4 months old and the previous owner wanted to sell it as he was not in a state to drive anymore.
Now I have transferred the vehicle in my name and have the RC book in my name.

The insurance is issued from Oriental Insurance, Cochin. I have come back to Bangalore with the vehicle. I called up the Oriental Insurance offices in Bangalore and all of them are asking me to go back to Cochin office to transfer insurance to my name.

What are my options here ?
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Old 3rd October 2012, 10:05   #2186
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I called up the Oriental Insurance offices in Bangalore and all of them are asking me to go back to Cochin office to transfer insurance to my name.
Thats a common issue with the PSU Insurers. The best option is to write to Cochin branch an application requesting for the change of name on the policy and attaching the car Insurance policy copy (latest) and the changed RC details. This should not be difficult. I am not too sure if there would be any charge incurred for doing this name transfer.

Alternatively try to contact somebody from the Cochin branch & explain the situation, they might suggest something.
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Old 3rd October 2012, 17:19   #2187
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Default Re: Automobile Insurance Queries? Ask me

I have a 2001 city..
Bought second hand in 2009.Now last year the insurance for comprehensive insurance was Rs 4242/- and the car was valued at 1,49,000.This year i am supposed to pay more which includes the no claim bonus @ 35%.
This year the car is valued at 1,40,000/-.
And the comphrensive Insurance comes to 4600/-. I expected it to be lower.But the agent tells me that since this is a 11 year old car the premium increases by 28%.
Can someone throw some light on this topic ?
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Old 3rd October 2012, 20:35   #2188
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Quote:
Originally Posted by raycers_honda
I have a 2001 city..
Bought second hand in 2009.Now last year the insurance for comprehensive insurance was Rs 4242/- and the car was valued at 1,49,000.This year i am supposed to pay more which includes the no claim bonus @ 35%.
This year the car is valued at 1,40,000/-.
And the comphrensive Insurance comes to 4600/-. I expected it to be lower.But the agent tells me that since this is a 11 year old car the premium increases by 28%.
Can someone throw some light on this topic ?
I think you should enquire more online. I have a 1999 model city and the insurance amount I paid last yr was more than what I paid this year, primarily because of the no claim bonus as the idv was kept the same.
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Old 3rd October 2012, 21:43   #2189
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Originally Posted by satyamkaushik
Hi everyone,
My swift that i bought last year is due for an insurance renewal this nov.
The first year insurance was provided by the maruti guys only.
The car is a VXi variant and has 12000 kms on the odo.
No claim taken as of now, the car is clean apart from a few scratches on the bumper.

The maruti guys are after my life, calling me day and night telling that there are cheats all around and i should only get the insurance thing done from maruti itself.

Any advices ?
I dont have any knowledge about insurance and stuff.
Please can someone suggest me the correct step i should take at this moment ?
The maruti guys are asking me for a premium of RS.10500 for a normal policy and RS.15000 for a zero dep policy with bajaj Allianz.
The current policy is a normal policy with bajaj Allianz only.
Now totally confused as to what I should do.
Called up bajaj,tata aig,chola ms and future genrali for a quote all of them gave me the same reply "sir our renewal team will get back to you with a quote"

After 2 days just got a call for bajaj Allianz saying "sorry sir I thought you were interested in getting a new policy, please call up the toll free no. and get your self registered for a call back."
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Old 4th October 2012, 08:31   #2190
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And the comphrensive Insurance comes to 4600/-. I expected it to be lower.But the agent tells me that since this is a 11 year old car the premium increases by 28%.
The agent is BSing you, it cant be the reason for the premium increase. Actually the Third party liability premium has gone up since April 2012, that should be the reason for the increase in the premium, nothing else. Get a quote of the premium being charged with the break up and compare it with last year, this will give an insight what component has increased.
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