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
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
Step 5: Review & Purchase
- Verify vehicle details: make, model, sub-variant, fuel type, engine CC
- Check IDV matches your expected value
- Confirm all add-ons selected
- Review total premium including any discounts
Payment Options: UPI, Net Banking, Credit/Debit Cards
Delivery: Policy documents sent instantly via Email & SMS
Step 6: Benefits of Buying Online
- Instant Quotes & Policy Issuance
- Lower Premiums (No Commission)
- 24×7 Availability & Claim Support
- Customizable Coverage & Add-Ons
Motor Insurance Premium Calculator
Consumables Cover
Engine & Gearbox Protection
Tyre Cover
Return-to-Invoice
Roadside Assistance
Personal Belongings Cover
Key Replacement Cover
Battery Cover
Quick Access – Get Your Quote Now
| Provider | Get Quote Link |
|---|---|
| ICICI Lombard | Click Here |
| Acko General | Click Here |
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