Impact of CNG Kit on Car Insurance Premium

In today’s modern world, cars fitted with CNG kits are becoming increasingly common. Whether you are planning to buy a CNG car or install a kit in your existing petrol or diesel car, it's crucial to be aware of how it will impact your car insurance premium. Here's everything you need to know about insuring CNG cars and the impact of CNG kit on car insurance premium.

 

Insuring an Existing Car with a CNG Kit

If you have recently installed a new CNG kit in your car, follow these steps to insure your car at Shriram General Insurance:

• Submit a modified copy of the Registration Certificate (RC) book with the CNG seal to the insurance company.
• The installation of the CNG kit in your car must be informed to the insurance company.
• The insurer will inspect your car before modifying your existing car insurance policy to include coverage for the CNG kit.
• The CNG vehicle insurance costs will be calculated by considering the increased value of your car due to the installation of the CNG kit.

 

Insuring a New Car with a CNG Kit:

If you have purchased a new car with a CNG kit, follow these steps to insure your car in Shriram General Insurance:

• The registration for the new car takes place after the CNG kit has been fitted, so the Regional Transport Office (RTO) is already aware of the CNG kit installation.
• The RTO will attach a CNG seal to the RC book, indicating that the vehicle is a CNG-fitted car.
• When you insure your new car, submit a copy of the RC book to the insurance provider.
• The insurance company will verify the CNG seal upon receiving the copy of the RC book.
• The CNG car insurance policy details will now cover the CNG kit, and the premium will be adjusted accordingly based on the price of the CNG kit.

 

Impact of CNG Kit on Car Insurance Policy

Here is how CNG kit can impact your car insurance.

1. Insufficient Insurance Coverage

Installing a CNG system in your car increases maintenance and repair costs. The current insurance coverage may not be sufficient to cover these costs. Hence, the CNG car insurance rates and coverage will increase after installing the CNG kit.

2. Higher Premiums

Inform your insurer about the CNG kit installation, as they may charge an extra premium for it. Additionally, the age and brand of your car can also influence the premium.

3. Endorsement of Car's Policy

As the installation of a CNG kit is a significant alteration to your car, it is important to include it in your insurance policy. If the CNG kit malfunctions and causes consequential damage, it may not be covered if it is not explicitly mentioned in the policy. Therefore, it is essential to obtain an endorsement from your insurance provider to insure the CNG kit properly. Failure to do so may invalidate your entire insurance coverage.

 

Ideal Insurance for a CNG-Fitted Car

For comprehensive protection, your CNG-equipped car should be covered by insurance that includes coverage for third-party liabilities, fire, theft, natural or man-made disasters, and accidental damage. The Comprehensive Car Insurance Policy provides the best option for full coverage, as it includes both third-party liabilities and own damage protection. Get your Shriram CNG car insurance quotes to choose the policy that suits your needs.

 

CNG Car Insurance Premium Calculator

To calculate the cost of car insurance for your CNG vehicle, you can use a CNG car insurance premium calculator. This tool helps you to understand how the CNG car insurance coverage is calculated and enables you to choose the insurance type based on your vehicle. It also provides information about your CNG vehicle, such as its model, year of production, fuel type, location, and the calculator will estimate the insurance cost and coverage details.

 

Benefits of Installing a CNG Kit for Your Car

Shriram General Insurance understands the importance of sustainable choices and offers comprehensive coverage for vehicles equipped with CNG kits. Let's explore the key considerations and benefits associated with installing a CNG kit, keeping in mind Shriram General Insurance's commitment to providing reliable coverage.

 

1. Compatibility Check

Before proceeding with a CNG kit installation, it is essential to determine if your vehicle is compatible. It is advisable to consult your car's manufacturer or a qualified professional to assess compatibility. Additionally, the Regional Transport Office (RTO) can provide a list of cars approved for CNG conversions.

 

2. Cost Considerations

While installing a CNG kit provides long-term benefits, it is important to consider the associated costs. The price of the kit may vary based on your vehicle's make and model. It is encouraged to evaluate the cost-effectiveness of CNG maintenance and regular servicing.

 

3. Environmental Advantages

Switching to CNG fuel provides significant environmental advantages. Compared to traditional petrol and diesel fuels, CNG emits lower carbon content, reducing harmful greenhouse gas emissions. By opting for CNG, you are actively contributing to curbing pollution and promoting cleaner air.

 

Conclusion 

Shriram General Insurance comprehensive car insurance policies provide the necessary protection against third-party liabilities, fire, theft, man-made disasters, and accidental damage. When looking for CNG conversion kit insurance premiums, ensure that the CNG kit is included in the policy to enjoy coverage for a wider range of events.

 

FAQs 

1. Can I insure my CNG car online?

Yes, Shriram General Insurance provides the convenience of insuring your CNG car online without any physical paperwork.

 

2. How much does a CNG kit cost?

The cost of a CNG kit varies depending on factors such as the type and brand. Please consult with a qualified professional to know the cost of installing a CNG kit in your car.

 

3. How to validate CNG kit in Registration Certificate (RC)?

To endorse the presence of a CNG kit on your vehicle's Registration Certificate (RC), you can follow these steps:

• Visit the Regional Transport Office (RTO) where your car was registered. 
• Initiate the process of endorsing the CNG kit on the RC by providing the necessary documentation and completing the required formalities. 
• The RTO staff will guide you through the endorsement process.