Complete Guide to Buying Car & Bike Insurance Online in India

Buying car or bike insurance isn’t just about paying a premium—it’s about ensuring the right coverage to protect yourself, your vehicle, and your passengers. In this guide, we’ll cover everything you need to know, including vehicle valuation, third-party liability, personal accident cover, and optional add-ons. We’ll also show you how to get quotes instantly from ICICI Lombard and Acko General Insurance.

Step 1: Check the Value of Your Vehicle

Depreciation: Most insurance companies consider your vehicle’s current market value when calculating premiums. Normally, the value is 10% lower than the expiring policy’s insured declared value (IDV).
Vehicle Details: Make sure the make, model, and subvariant match exactly as per your RC (Registration Certificate).
Cubic Capacity & Fuel Type: Must be accurate for correct premium calculation and coverage eligibility.

Step 2: Understand Your Coverage

1. Own Damage Coverage

Covers damage to your own vehicle due to accidents, fire, natural disasters, or theft.

Discounts: Insurance providers may offer discounts on own damage premium for safe driving history, anti-theft devices, or previous no-claim bonuses.

2. Third-Party Liability

Mandatory under the Motor Vehicles Act, covers damage to others’ property or people. Includes:

Unnamed passenger cover
Legal liability to paid driver
Personal accident cover to the owner/driver

Step 3: Optional Add-On Covers

Maximize protection by including add-ons:

Nil Depreciation Cover
Consumable Cover
Engine & Gearbox Protection
Tyre Cover
Return-to-Invoice Cover
Roadside Assistance
Personal Belongings Cover
Key Replacement Cover
Battery Cover

Tip: Always compare add-ons and select according to your driving patterns and vehicle value.

Step 4: Compare Providers & Get a Quote

ICICI Lombard Car & Bike Insurance

Comprehensive and Third-Party insurance
Add-ons: Nil Depreciation, Engine Cover, Roadside Assistance, Tyre Cover, Consumables, Return-to-Invoice, Personal Belongings, Key & Battery Cover
Instant digital claim support, 6,600+ cashless garages

Get Quote – ICICI Lombard

Acko General Car & Bike Insurance

100% paperless and instant policy issuance
Lower premiums due to no agent commission
Offers all major add-ons: Nil Depreciation, Engine Cover, Tyre Cover, Consumables, Return-to-Invoice, Roadside Assistance, Personal Belongings, Key & Battery Cover
Quick digital claims with doorstep pick-up/drop in select cities

Get Quote – Acko General