Best Auto Insurance service provider

ghodlur · 21st April 2019, 09:21

Quote:

Originally Posted by Aditya_Bhp

Can I go ahead with the purchase from Policybazaar?
How is HDFC ERGO with respect to claims and other issues?

Did you check whether you are getting the same premium quote from HDFC on their website? If yes, then I would suggest to opt for HDFC Ergo. I have experienced the claim process to be very smooth and hassle free.

Does the premium quote from policy bazaar include any add ons like zero dep etc?

Aditya_Bhp · 21st April 2019, 09:23

Quote:

Originally Posted by ghodlur

Did you check whether you are getting the same premium quote from HDFC on their website? If yes, then I would suggest to opt for HDFC Ergo. I have experienced the claim process to be very smooth and hassle free.

Does the premium quote from policy bazaar include any add ons like zero dep etc?

The quote on the HDFC website is Rs.12900, more than what policybazaar and coverfox are charging.
No, this doesn't have any add ons

jaisonjose · 16th January 2020, 10:28

Hello,
My Fortuner has completing 5 years now and it's now time to renew the insurance. Till now I used to go for the "zero" depreciation policy. As usual I keep getting calls from agents and few of them told me that there are only few insurance companies provide "zero" depreciation policies for cars beyond 5 years. Is this true?

aadya · 16th January 2020, 11:14

Quote:

Originally Posted by jaisonjose

Hello,
few of them told me that there are only few insurance companies provide "zero" depreciation policies for cars beyond 5 years. Is this true?

Yes some of the add-ons like Zero depreciation etc., would vary with insurer to insurer based on the age of the vehicle.

If you are specific about the Zero depreciation then go ahead with the insurer who provide that. If your are specific about zero depreciation and insurer too, then try some minor change in the IDV and check in the comparator websites like cover fox or Policy bazaar for competitive quotes.

gadadhar · 17th March 2020, 15:32

My previous policy was with Tata AIG, and I started getting automated calls around 2 weeks before the policy lapse date. These calls used to come around 3 times a day and back to back on my four different telephone nos (I guess they got all the nos linked to my name through True Caller since I would have given only number while taking the policy ) There are recorded options to renew, talk to executive, get a call back etc, but none of the option works. It was plain harassment and I would have got more than 150 calls in total till date. Tweeting to their official handle didn't invoke any response. Now today, ie. one day before policy lapse, I took Royal Sundaram through an agent. I have decided not to go near Tata AIG ever in life. I am still getting calls (and SMS has also started from today), I am not sure there is a forum to raise these grievances in India.

BeamerBoy · 26th April 2020, 16:50

Quote:

Originally Posted by gadadhar

My previous policy was with Tata AIG, and I started getting automated calls around 2 weeks before the policy lapse date. These calls used to come around 3 times a day and back to back on my four different telephone nos (I guess they got all the nos linked to my name through True Caller since I would have given only number while taking the policy ) There are recorded options to renew, talk to executive, get a call back etc, but none of the option works. It was plain harassment and I would have got more than 150 calls in total till date. Tweeting to their official handle didn't invoke any response. Now today, ie. one day before policy lapse, I took Royal Sundaram through an agent. I have decided not to go near Tata AIG ever in life. I am still getting calls (and SMS has also started from today), I am not sure there is a forum to raise these grievances in India.

The perils of buying and interacting online with Insurance Service Providers. Bad. Best is to have a human broker who does the work.

Regarding Royal Sundaram...please be cautious. Selling a policy is one thing, servicing the policy is something else. Royal Sundaram has draconian systems and approval chains especially when it comes to major claim amounts.

BeamerBoy · 26th April 2020, 16:57

Quote:

Originally Posted by Aditya_Bhp

The quote on the HDFC website is Rs.12900, more than what policybazaar and coverfox are charging.
No, this doesn't have any add ons

You own an expensive car. And it has expensive parts. And you face a lot of depreciation expenses in case you need to make a claim.

Your's is a classic case when a good broker can help. It is old school but it still is the best way to do it.

gadadhar · 27th April 2020, 10:43

Quote:

Originally Posted by BeamerBoy

Regarding Royal Sundaram...please be cautious.

Thanks for the caution, I am left with no choice for next 1 year, hope it goes without issues.

Flyer · 4th May 2020, 14:00

Hello,
I'm using National Insurance. I have my policy number with me. Is there any way I can download a copy of my motor insurance online. If anyone have a link please share. Thank you.

blackwasp · 4th May 2020, 15:11

A Warning to those using HDFC ERGO. While I'm all happy with the service, I have discovered that if you renew from them, you can't adjust your IDV. Eg. when I feed the car details in Coverfox, I get a range of IDV and upon choosing, I should be able to renew. But the moment I put in old policy name and number, it tells me can't issue the policy. So I either have to renew as per HDFCs IDV and cost or get car insurance from another company.

Wanted to highlight this as for first 4 years, you can switch insurers with ease, as most companies are happy for your business. But from year 5 onwards, you are better off sticking to one company which will offer zero dep only because you stuck to them. Hence my suggestion would be to plan in such a way so as to pick HDFC Ergo for the 4th year with a high IDV, so that on subsequent renewals, you won't feel that you got a low IDV.

In my case, I had kept IDV low as I had return to invoice cover. Now for the 5th year, HDFC wasn't offered RTI cover and only zero dep. Hence I wanted a slight bump up in IDV, but didn't happen. But luckily, this mismatch was just 20k (I got 5.8L vs the 6.0L that I wanted).

JohnyBoy · 4th May 2020, 16:25

Quote:

Originally Posted by blackwasp

... But from year 5 onwards, you are better off sticking to one company which will offer zero dep only because you stuck to them. .

Not really. I was with Future Generali for my Polo for 5 years. When it was time to renew (Nov 2019), they didn't offer zero dep. So i shifted to Royal Sundaram.

Note: I was very happy with the service of FG. Claims processing and payment was prompt, would have continued with them if they offered zero dep.

Artyom · 24th May 2020, 13:57

Hello All,

I am new on this forum so would apologize in advance if I make a mistake during the post.

I own a June,19 Hyundai Creta whose policy renewal is next month.

The current provider is HDFC Ergo and I have made no claims yet(hopefully that never situation never comes)

The queries where I would need your guidance/advise is :-

1.If I opt for RTI in that case should I keep the IDV intentionally low since RTI will cover the gap in case of total damage or should I continue to keep the IDV at par or little higher in general in following renewals.

2.My running is low (7-10k at the max) so still should I buy RTI.As in is it a good idea?

3.I have so far recieved quotes from HDFC ERGO(from their website it costs 22100 with RTI,Bumper to Bumper,RSA) with an IDV of 10.50,Tata AIG(Zero Dep,RTI,Tyre,Consumables,RSA,Key Replacement,Engine Protector) with 10.45 IDV and premium of 18250. Out of the 2 which is better in terms of hassle free claim and lesser ifs and buts.

4.Which other providers should I look into for renewal(I stay in Bangalore)

5.In case I only go with Zero Dep as the add on along with the other minor add-ons should I continue to keep the IDV little higher for current and future renewals ?

Kashish · 25th May 2020, 22:39

Quote: