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Old 22nd September 2021, 12:19   #5056
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Default Re: Automobile Insurance Queries? Ask me

My car insurance is up for renewal. I don't envisage driving a lot during these COVID times so set out to look for the cheapest policy with zero dep and save some money. The ones in this category are Chola, Digit and Acko.

Any claim experiences with the above three insurers by fellow members would be of big help.

Many thanks
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Old 25th September 2021, 22:12   #5057
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Default Re: Automobile Insurance Queries? Ask me

I am in the market for insurance for my yet to be delivered Creta. Dealer quote is exorbitant and he is not willing to negotiate so I have decided to buy it myself. I am looking for zero dep, engine protection, RTI, roadside assistance and consumables covers. I have got quotes from ICICI Lombard, HDFC ERGO and Royal Sundaram. While first two have similar quotes which are about 15k lower than dealer, Royal Sundaram quote is substantially lower by 35k. So I am wondering if their service levels and claim settlement is satisfactory. I don't want to be penny wise pound foolish and looking for a seamless service experience.

If anyone has any suggestions or feedback please let me know

Last edited by Aviator_guy : 25th September 2021 at 22:16.
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Old 3rd October 2021, 08:52   #5058
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Default Re: Automobile Insurance Queries? Ask me

I have a specific query to the insurance Guru on TBHP.

My three years old car is due for insurance renewal in coming few days, can I take only third party insurance now and again switch to zero dep. next year?

Because due to pandemic, car usage will be almost nil.

Thanks in advance.

Last edited by IP_Man : 3rd October 2021 at 08:57. Reason: Additional point
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Old 3rd October 2021, 12:31   #5059
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Default Re: Automobile Insurance Queries? Ask me

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Originally Posted by IP_Man View Post
My three years old car is due for insurance renewal in coming few days, can I take only third party insurance now and again switch to zero dep. next year?
Yes you can. If you have a safe parking space available throughout the year, you'll be fine. Otherwise some kind of own damage cover, even from the cheapest insurer, is strongly recommended to protect against theft.
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Old 12th October 2021, 23:24   #5060
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Default Re: Automobile Insurance Queries? Ask me

Hello Guys
Have a question regarding new two-wheeler registration pertaining to insurance.

I'm told by the dealer that Tamilnadu RTO does not accept any vehicle for registration without PA being added to insurance atleast for the first year, is this true pls?

For a vehicle of ex-showroom 85500, they're quoting an insurance amount of Rs. 5956; although all dealers try to rip off, good to know how much margin they're trying to rip off

Thanks
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Old 13th October 2021, 09:09   #5061
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l'm told by the dealer that Tamilnadu RTO does not accept any vehicle for registration without PA being added to insurance atleast for the first year, is this true pls? Thanks
It is mandatory to have PA cover. However, it can be skipped in cases where:

1. The owner does not have a valid DL
2. The owner/driver has multiple vehicles and has opted for PA cover with one of them

If you're referring to own damage cover that protects against vehicle damage/theft, it is not mandatory but highly recommended to have one.

As for dealer-provided insurance, it is standard practice to quote inflated premiums. You can take an online quote and ask the dealer to match it if the difference is more than 2000 bucks.
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Old 13th October 2021, 09:25   #5062
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It is mandatory to have PA cover
Thanks & got it verified after I had posted it here. Almost every insurance company has this being mentioned in their website with IRDAI mandating it
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