What is Car Insurance?

• Standalone Own Damage Car Insurance: This type of insurance covers only the damage to your own car. It does not include protection for damages or injuries caused to others. You can buy it along with a third-party policy for full coverage.
• Third-Party Car Insurance: This is mandatory by law and covers damages or injuries caused by your car to other people, their vehicles, or property. It does not cover your own car's damage or theft.
• Comprehensive Car Insurance: This is a complete plan that covers both your car's damage and any harm caused to a third party. It also includes protection against theft, fire, and natural disasters.

So, if you are looking to buy the right plan for your car, get the best car insurance companies quotes online with Square Insurance.

Now, let's discuss some key features of car insurance plans given by car insurance companies.

• Financial Protection Against Damages: This covers the cost of repairs or replacement if your car is damaged by accidents, theft, fire, vandalism, or natural disasters, so you don’t have to pay from your own pocket.
• Third-Party Liability Coverage: Required by law in India, it protects you from financial and legal troubles if your car hurts someone or damages their vehicle or property.
• Personal Accident Cover: Car insurance offers money for medical bills or income loss if the car owner faces injury, disability, or death in an accident.
• No Claim Bonus (NCB): It rewards you with discounts on policy renewal if you haven’t made any claims, saving you money.
• Cashless Repairs at Partner Garages: This lets you fix your car at certain garages without paying upfront, as the insurance company pays the repair costs directly.

• Easy Comparison: You can compare different policies online to find the best one for your needs and budget.
• Secure Payments: Online payments are safe and secure, protecting your personal and financial information.
• Instant Documentation: Once you buy the policy, you receive all the documents immediately via email, so there’s no waiting.
• Renewal Reminders: Insurers send reminders to renew your policy, ensuring you never miss your coverage.
• 24/7 Availability: Car insurance can be purchased online anytime, day or night, making it easy to get coverage when you need it.
• Convenience and Time-Saving: You can buy car insurance from the best car insurance company by sitting at your home without visiting an office. It saves you time and effort.

• Protection against natural disasters like floods, storms, cyclones, and earthquakes.
• Personal accident coverage (the amount depends on the insurer).
• Cashless repairs at partner garages.
• Option to add extra coverage through add-ons.
• Coverage for damages caused by accidents, theft, or terrorism.
• Coverage for legal liabilities towards third parties.
• No Claim Bonus (NCB) for not making claims during the policy period.

• Damage due to aging or wear and tear of the car.
• Mechanical or electrical breakdowns.
• Damage caused while driving under the influence of alcohol or drugs.
• Damage caused while driving without a valid license.
• Indirect or additional losses (consequential loss).
• Damage or loss due to war or nuclear risks.

To buy car insurance, you need to fulfill the following criteria:

• Your car must be registered with the Regional Transport Office (RTO).
• You should have your car's registration papers.
• You must have a valid driving license.
• Other documents may be needed, like KYC details, last year’s policy document, an invoice for a new car, or the Registration Certificate (RC), depending on the insurer’s requirements.

You need these documents to buy car insurance:

• A government ID like a Passport, PAN Card, or Aadhar Card.
• Your Driving License.
• Your car's Registration Certificate (RC).
• A passport-size photo.

Buying or renewing car insurance online is simple. Following are simple steps to buy the best car insurance plan with us.

• Go to the home page of Square Insurance and click on 'Car Insurance.'
• Enter your car's registration number and other details required.
• Fill out that form to compare policy prices.
• Look at the plans of different car insurance companies.
• Compare the plans and select one best to you. You can add additional coverage options here as well.
• Make the premium payment via one of the methods offered.

The moment you apply for the payment, your car insurance policy will be sent to you via e-mail.

Look at different insurance offers and choose one that's affordable but still covers your needs.

A deductible is the amount you agree to pay when your car needs repairs. If you agree to pay more out of pocket before insurance kicks in, your overall premium could be lower.

Some insurers offer plans for cars that aren't driven often. You can choose coverage based on how many kilometers you drive, which can lower your premium if you drive less.

If you haven't made any insurance claims in the past, you might get a discount on your renewal. This bonus can increase the longer you go without making a claim, from 20% to 50%.

Here are the documents you need to provide for a smooth claim process:

• The original claim form and NEFT mandate form
• Copy of the vehicle registration certificate (RC)
• Copy of the driving license of the person who was driving during the accident
• Copy of the insurance policy
• Officially valid document and PAN card or form 60, both certified
• Police report or FIR, depending on the type of loss
• Estimate from the garage
• Repair invoice
• Canceled check (if it's a non-cashless settlement)

Here are some tips to help you avoid problems when settling a claim:

• Know Your Policy: Make sure you understand what your insurance covers and what it doesn't. Read your policy document carefully to know how to file a claim.
• Keep Your Documents Ready: Keep all your insurance papers, receipts, and other important documents in one place so you can easily find them when needed.
• Tell Your Insurer Quickly: Report any incidents to your insurance company right away and provide all the correct details to avoid delays or issues with your claim.
• Follow Instructions: Make sure you follow all the steps your insurer requires for filing a claim. Quickly respond to any extra requests or questions they might have.
• Use Approved Repair Shops: For repairs, go to workshops approved by your insurer. This makes the claim process smoother and helps prevent problems.

• Deductibles: This is the amount you pay out of your own pocket when your car needs repair or replacement.
• Premium Coverage: This is the highest amount your insurance will pay under different types of policies like third-party, comprehensive, or own damage insurance.
• Collision Coverage: This pays for your car's repairs no matter who caused the accident. You'll pay the deductible first, and then insurance covers the rest.
• Comprehensive Coverage: This protects you financially and legally for damages to your own car and others’ property.
• Personal Injury Protection: This covers medical costs for injuries you get from an accident, starting from day one.
• Policy Limits: This is the maximum amount your insurance will pay out when you make a claim.