Team-BHP > Team-BHP Reviews > Indian Car Loans & Insurance


Reply
 
Thread Tools Search this Thread
Old 19th October 2020, 16:19   #4651
Newbie
 
Join Date: Dec 2019
Location: Hyderabad
Posts: 11
Thanked: 7 Times
Default Re: Automobile Insurance Queries? Ask me

Has anyone used the usage based insurance launched by ICICI , Bajaj Allianz or Kia smart connect insurance with these two companies ?
My annual usage is lower than 3K and especially in new WFH scenario it would be much lesser would seem prudent if we can get lesser premiums
Tomthumb is offline   (1) Thanks
Old 19th October 2020, 18:12   #4652
Distinguished - BHPian
 
Thad E Ginathom's Avatar
 
Join Date: Jun 2007
Location: Chennai
Posts: 9,536
Thanked: 15,362 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Tomthumb View Post
usage based insurance
I'm a low mileage guy, this sounds like a good idea. Is it based on estimated or actual mileage? How do they monitor that?
Thad E Ginathom is offline  
Old 19th October 2020, 23:31   #4653
Newbie
 
Join Date: Dec 2019
Location: Hyderabad
Posts: 11
Thanked: 7 Times
Default Re: Automobile Insurance Queries? Ask me

Telmatics using an obd device and app , also for connected cars the data already present !
Tomthumb is offline   (1) Thanks
Old 21st October 2020, 08:10   #4654
BHPian
 
Join Date: Jan 2008
Location: Bangalore
Posts: 602
Thanked: 702 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by ghodlur View Post
If your main worry is the car being stolen then higher IDV should be your priority although this is a false notion that higher IDV translates to higher payout. Remember it is you who is making that choice and not the Insurance co. If your car has an anti theft protection & still expect the car to get stolen, then this option will be best for you.

If you need min hole in your pocket during claims , then zero dep add on cover along with comprehensive insurance should be your priority. But this will depend a lot on your previous claims history and your style of driving. This option will result in lower IDV. Secondly you also need to check if Iffco Tokio has a cashless facility with the workshop where you would service/repair the car. Just check their claims process too.

Expecting a double whammy of car getting stolen and/or future claims possibility would be too much of an imagination. Taken an informed decision.
I have a Hyundai Tucson. How do I determine if my car has an ARAI approved anti-theft device?

I for sure didn't install anything extra, but I'm wondering if my car came bundled with it. I need to know bcoz PolicyBazaar is offering a small discount on auto insurance if my car is fitted with it, and I sure would like to avail it if I'm eligible (https://www.policybazaar.com/motor-i...car-insurance/)
vharihar is offline  
Old 21st October 2020, 08:15   #4655
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 5,454
Thanked: 2,842 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by vharihar View Post
I have a Hyundai Tucson. How do I determine if my car has an ARAI approved anti-theft device?
Best way is to check with Hyundai workshop or marketing/sales team. If the key is a computerized one and inserting a similar key doesnt start the engine then you can be sure that the car does have an anti theft device installed. But better to get the information from Hyundai.
ghodlur is offline   (1) Thanks
Old 21st October 2020, 21:11   #4656
Sen
BHPian
 
Sen's Avatar
 
Join Date: May 2020
Location: TS08
Posts: 58
Thanked: 33 Times
Default Re: Automobile Insurance Queries? Ask me

Which of the below companies would you personally choose? They're pushing Raheja QBE hard and reviews seem good.

Anyone had any experiences with the below providers? For reference, I'm buying a Vento TSI Highline Plus (heavily discounted!) and the dealer says these are my options. Top priority is ease of claims if any arise, and best cashless coverage:

Bharti AXA general insurance company limited
Liberty general insurance company limited
Raheja QBE general insurance company limited (they kept pushing this provider)
Icici Lombard general insurance company limited
Future generali insurance company limited
Sen is offline  
Old 22nd October 2020, 00:07   #4657
BHPian
 
kalyan_hyd's Avatar
 
Join Date: Nov 2009
Location: Hyderabad
Posts: 474
Thanked: 465 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by vharihar View Post
I for sure didn't install anything extra, but I'm wondering if my car came bundled with it.
So, I am almost sure that Hyundai Tucson and most of the cars in that range (and even a segment or two lower) today come with an engine immobilizer pre-installed meaning any other key not having the same code as the two keys handed over to you cannot start the engine. However, in my view, this small discount is not worth it as quite a few BHPians in this thread and others have reported that in case of any claims, the insurers have been asking for some proofs from the car manufacturer side on the validity of ARAI certified anti-theft device. Something akin to Form 22 or similar from the Manufacturer side which claims that so and so device installed by design in the car is ARAI certified.

Found the link:
https://www.hyundai.com/in/en/find-a...ucson/features

Check under safety.

Last edited by kalyan_hyd : 22nd October 2020 at 00:09. Reason: Added a link
kalyan_hyd is offline   (1) Thanks
Old 22nd October 2020, 10:02   #4658
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 5,454
Thanked: 2,842 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Sen View Post
Bharti AXA general insurance company limited
Liberty general insurance company limited
Raheja QBE general insurance company limited (they kept pushing this provider)
Icici Lombard general insurance company limited
Future generali insurance company limited
Check with VW workshop with which of the above cos do they have a cashless tie up. Do a quote comparison and take an informed decision.

My personal suggestion:
Future
Bharati Axa.
ghodlur is offline   (1) Thanks
Old 22nd October 2020, 10:06   #4659
Senior - BHPian
 
hserus's Avatar
 
Join Date: Sep 2014
Location: Chennai
Posts: 3,934
Thanked: 6,653 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by ghodlur View Post
Check with VW workshop with which of the above cos do they have a cashless tie up. Do a quote comparison and take an informed decision.

My personal suggestion:
Future
Bharati Axa.
Also remember, if the sales guy is pushing a particular insurance policy it means that is what nets him the most commission, it doesn't mean it is the best policy for you. Tell him to get lost and buy your own insurance.
hserus is offline   (1) Thanks
Old 22nd October 2020, 10:31   #4660
Sen
BHPian
 
Sen's Avatar
 
Join Date: May 2020
Location: TS08
Posts: 58
Thanked: 33 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by ghodlur View Post
Check with VW workshop with which of the above cos do they have a cashless tie up. Do a quote comparison and take an informed decision.

My personal suggestion:
Future
Bharati Axa.
All insurances mentioned above have tie-up with VW garages is what the financial advisor said. I agree with your assessment. Was also considering Acko on the side..will do some digging and quote-comparing for sure.

Quote:
Originally Posted by hserus View Post
Also remember, if the sales guy is pushing a particular insurance policy it means that is what nets him the most commission, it doesn't mean it is the best policy for you. Tell him to get lost and buy your own insurance.
Yep! The problem is curiously so many insurance providers don't have my exact car variant listed on their website yet (this what you wanted with your bajillion editions, VW?) and I have to either write to them or use an aggregator to get a quote.

I just got the manual TSI Highline Plus Vento added to coverfox's website as well. Looking at my options.

Thanks.
Sen is offline   (1) Thanks
Old 27th October 2020, 09:38   #4661
Distinguished - BHPian
 
dhanushmenon's Avatar
 
Join Date: Apr 2011
Location: KL-2/KL-7/GA-06
Posts: 1,080
Thanked: 4,081 Times
Default Re: Automobile Insurance Queries? Ask me

I am moving out of the country and wouldn't be using my car much for the next one year or so. (Except when I may come on leave in between for two weeks or so). Is there an option to suspend insurance renewal for the period?

Or any other options or suggestions for way ahead please?
dhanushmenon is offline  
Old 31st October 2020, 17:32   #4662
Newbie
 
Join Date: Dec 2019
Location: Hyderabad
Posts: 11
Thanked: 7 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by dhanushmenon View Post
I am moving out of the country and wouldn't be using my car much for the next one year or so. (Except when I may come on leave in between for two weeks or so). Is there an option to suspend insurance renewal for the period?

Or any other options or suggestions for way ahead please?

ICICI has usage based insurance which has 1000,3000 ,5000 slab rate so that you can take lowest based on your driving that will help you reduce your premium
Tomthumb is offline   (1) Thanks
Old 1st November 2020, 14:55   #4663
Newbie
 
Join Date: Oct 2020
Location: Hyderabad
Posts: 7
Thanked: 24 Times
Default Re: Automobile Insurance Queries? Ask me

Thanks team BHP. The FAQ's addresses all aspects of car insurance. Very informative. I was looking for details on total loss and there was an explicit question that addressed this.

Is this 75% the general accepted norm or could individual companies have a different approach to this? I am being currently told by my insurance company that if the cost of repair is above 65% of IDV they would be considering it a total loss?

Regards
ChidSrini75 is offline  
Old 3rd November 2020, 02:00   #4664
BHPian
 
Join Date: Jul 2018
Location: Pune
Posts: 97
Thanked: 228 Times
Default Re: Automobile Insurance Queries? Ask me

I am in the process of selling off a two-wheeler and have a query. Is it possible to cancel the existing insurance ( Bajaj Allianz) so that new owner can directly buy a new one for himself? The whole insurance transfer process looks tedious and futile, and with the current Covid scenarios I would like to avoid it since it’s not that big an amount.

Alternatively, can I ask the new owner to buy insurance from another company (bajaj won’t re-insure the same vehicle obviously) while I let mine expire naturally? Does this method carry some kind of risk for both the parties? Common understanding tells me that as long as I am not trying to make any claim, it should not bother anyone. But is it legal?
quickfox11 is offline  
Old 3rd November 2020, 08:36   #4665
Senior - BHPian
 
hserus's Avatar
 
Join Date: Sep 2014
Location: Chennai
Posts: 3,934
Thanked: 6,653 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Sen View Post
Yep! The problem is curiously so many insurance providers don't have my exact car variant listed on their website yet (this what you wanted with your bajillion editions, VW?) and I have to either write to them or use an aggregator to get a quote.
Walk into the nearest office of your preferred insurer or call their call center (less ideal, the call centres are staffed with very unaware people) and get a quote the old fashioned way.

If you pick one of the PSU insurers (new india, oriental etc) you'll get highly experienced insurance professionals in the offices, rather than the average slickly dressed convent english speaking front office type you end up with in the various private insurers.
hserus is offline   (1) Thanks
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2020, Team-BHP.com
Proudly powered by E2E Networks