Buy Car Insurance Policy Online in Mumbai

Name: Car Insurance in Mumbai
Brand: Shriram General Insurance
Rating: 4.6 (1665 reviews)

Car Insurance in Mumbai Overview

Mumbai is a bustling metropolis on the western coast of India that never fails to captivate residents and visitors alike. This cosmopolitan city is known for its skyscrapers, diverse cultures, and busy street markets. With a busy city tag, the vehicular population is growing at a faster pace, making it important to safeguard your car against unforeseen circumstances. This is where you must insure your car with an ideal plan. Read on as we explore all about car insurance in Mumbai and the benefits of Shriram car insurance.

Car Insurance Plans in Mumbai

It is crucial to have the right car insurance plan if you own a vehicle in Mumbai. Listed below are the different types of car insurance plans in Mumbai.

Comprehensive Car Insurance Policy

A comprehensive car insurance policy provides coverage against damage to your car and third-party liabilities. An important feature of this policy is that it covers accidental damage, theft, damage to your car caused by natural and manmade disasters. You can also include add-ons to increase the coverage.

Third-party Car Insurance Policy

A third-party car insurance policy provides protection to the insured against any damage that may be caused to another person's vehicle or property. It also covers third-party bodily injuries and loss of life.

Own Damage (OD) Cover

The OD cover protects your car against damage incurred by mishaps such as accidents, man-made disasters, theft, and other events. Please note that it does not cover third-party liabilities.

Benefits of Car Insurance in Mumbai

Listed below are some of the insurance benefits of car insurance in Mumbai.

Car damage protection

A comprehensive car insurance policy covers damage to your vehicle caused by accidents, natural disasters, such as flooding, earthquakes, and cyclones. Additionally, it covers human-caused disasters, such as riots, strikes, and vandalism. Third-party liability is also covered by the comprehensive insurance.

Third-party liability coverage

All vehicles are required to be insured with the third-party liability insurance as per The Motor Vehicles Act, 1988. The third-party liability policy covers injuries or property damage caused to a third party caused by your insured car.

Paperless process

Shriram General Insurance is now available on a digital platform. You can easily buy/renew car insurance online or raise claims.

Suitable add-ons

Policies offered by Shriram come with add-ons that may enhance coverage to meet your specific needs. Some of these features may include roadside assistance, zero depreciation, and motor protection. These benefits ensure that your vehicle is protected comprehensively and add value to the policy.

Third-party liability coverage

Types of Car Insurance Add-ons

The add-on covers for your car insurance play a critical role in providing a wider level of coverage to your vehicle. The following are the add-on covers for car insurance:

Zero Depreciation Cover

It is also known as Nil Depreciation or bumper-to-bumper car insurance . If your vehicle is damaged in an accident, you can claim the entire cost of replacing the parts. Damaged vehicle parts will not be deducted for depreciation.

Daily Reimbursement Cover

With Daily Reimbursement, you can use a private vehicle while your own vehicle is being repaired. As per the guidelines of the motor insurance policy, the maximum reimbursement amount and time period are specified.

Motor Protection Cover

A third-party liability may require us to provide you with an advocate to represent you before the judicial magistrate and to assist you in the defense of the matter. Your legal proceedings will be handled by this add-on cover, providing you with peace of mind.

Personal Belongings Cover

You are covered by the Personal Belongings add-on if you lose any of your personal belongings from your locked insured vehicle. Even though it requires an additional premium, you can rest assured that your personal belongings are protected.

Emergency Hotel and Transport Expenses Reimbursement Cover

If your vehicle breaks down, the Emergency Transport and Hotel Expenses Cover provides coverage for alternative transportation and accommodation.

Key Replacement Cover

Key Replacement Coverage provides coverage for loss of your insured car keys, alleviating the financial burden associated with replacing or repairing your vehicle's key.

Inclusions and Exclusions of Car Insurance Policy in Mumbai

Inclusions
Exclusions

The common inclusions of Car Insurance in Mumbai are listed below.

Covers damages to the insured vehicle caused by accidents

Third-Party damages caused by the insured vehicle

Covers the insured vehicle in case of theft or loss

Damages caused by natural calamities to the insured vehicle

Personal accident injury

Irreparable damage to your vehicle

Some of the common Shriram Car Insurance exclusions in Mumbai are listed below.

If the insured vehicle is damaged intentionally.

If the insured vehicle is involved in illegal activities like racing.

If the owner drives the insured vehicle while under the influence of alcohol and damage occurs

Mechanical and electrical failure of the insured vehicle

Wear and tear or regular maintenance cost of the insured vehicle

Driving the insured vehicle and damaging it outside the geographical location mentioned in the policy document

Benefits of Car Insurance Renewal Online in Mumbai

The following are some benefits of buying Car Insurance online from Shriram General Insurance.

Affordable Plans with Multiple Add-ons

Select from a variety of affordable insurance plans that are customised to meet your needs, as well as Add-ons for more comprehensive coverage.

Minimal Paperwork

You can finish your policy purchase and claims with very little paperwork on our website/app, thanks to our efficient procedures.

Quick Process

Get quick approvals and settlements for your claims so you can resume driving right away.

No Claim Bonus

Secure a rewarding No Claim Bonus that reduces your premium for every claim-free year you maintain.

Factors Affecting Car Insurance Premiums in Mumbai

Car Insurance premiums may not be the same for all. Some of the common factors that can affect the Car Insurance premium in Mumbai are listed below.

Geographical location

The geographical location of the policyholder will also have an influence on Car Insurance premiums. India is classified into Zone A and Zone B. All the metropolitan cities like Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune are considered Zone A.

The rest of the Indian cities are considered Zone B.

Type of insurance coverage

The premium may vary depending on the Car Insurance coverage we choose. Third-Party Car Insurance only provides coverage for third-party liabilities. So the premium is less when considered to the Comprehensive Car Insurance.

Comprehensive Car Insurance provides coverage for third-party liabilities, own damage and damages caused due to natural and man-made calamities. Additionally, you can also opt for addons like Road Side Assistance, Engine Protector Cover, Motor Protection Cover (exclusively available in Shriram Car Insurance) and Zero Depreciation.

Driving record

Driving record may not directly affect the Car Insurance premium. However, if a person does not follow traffic rules and is most often involved in accidents, it can lead to an increase in claims. In such a case, the person can lose their No Claim Bonus (NCB). This can lead to an increase in Car Insurance premiums.

Type of the vehicle

The make and model of the car can affect the premium of the Car Insurance. The Insured Declared Value (IDV) of the car can also influence the Car Insurance premium.

No Claim Bonus (NCB)

Insurers give out NCBs as a reward for not submitting any claims throughout the duration of the policy. As a result, the renewal premium is usually reduced, encouraging safer driving and fewer collisions.

Insured Declared Value (IDV)

This is the highest sum that an insurance company will pay if a car is stolen or completely lost. It represents the car's current market value after depreciation.

How to Register Car Insurance Claim in Mumbai?

Following are the steps for filing a car insurance claim.

Step 01
Step 02
Step 03

Use our website or MySGI app to access your Shriram account.

You will need to select your policy and answer a few questions regarding your claim.

Submit your claim by uploading the soft copies of the required documents. You will be contacted by our customer support team to assist you with the settlement of your claim. To file a claim against your car insurance policy, you may also contact us at 1800-300-30000/1800-103-3009. A representative from our customer service department will guide you throughout the claims process.

Intimate Claim

How to Buy and Renew Car Insurance in Mumbai

How to Buy OnlineCar Insurance in Mumbai
How to Renew OnlineCar Insurance in Mumbai

Purchasing your Shriram car insurance by mobile or web app is hassle-free. The following steps will assist you to buy car insurance online.

Visit our website or download the MySGI on your mobile device.

Provide details about your vehicle.

Select a car insurance plan and add-ons (if necessary).

Insure your vehicle instantly by paying your premium online.

Get hassle-free car insurance renewal in Mumbai. Is it time to renew your car insurance? You can renew your four-wheeler insurance instantly by following these steps:

Visit our website or download the MySGI app.

You must enter the details of your vehicle.

Select the insurance plan and the appropriate add-ons (optional).

You will receive your policy document instantly after paying your car insurance premium online.

Why Should You Choose Shriram for Your Car Insurance?

It is quick, easy, and hassle-free to purchase, renew, and claim General Insurance at Shriram General Insurance. An innovative digital insurance customer journey designed to make insurance affordable and easily accessible for all. The following are a few reasons why you should purchase Shriram car insurance:

Online Platform: You can purchase, renew, and raise claims online in a single platform ( website/MySGI app).
Get the confirmation from CHD team Care: You may contact our customer support department if you have any questions regarding car insurance. It would be our pleasure to assist you. We are available through our toll free number between 4.00 am and 12.00 am.
Paperless Process: With this service, you will be able to purchase, renew, and register claims without the need to complete cumbersome paperwork. Your request can be processed by uploading soft copies of the documents.
Cashless Garage Network: Shriram's cashless garage networks across the country enable policyholders to get their vehicles repaired without incurring an upfront fee. This will save time and effort during the claims process.

How to download your Shriram Car Insurance Policy copy in Mumbai?

You can download your Shriram Car Insurance policy copy in Mumbai by following these simple steps..

Step 01

Visit SGI website or MySGI app.

Step 02

Enter your Car Insurance details and click “Download”. You will also get your insurance copy through the mail.

Download Policy

How to Choose the Best Four-Wheeler Insurance Policy Online in Mumbai?

You can select the car insurance policy that fits your needs by considering the following points.

Analyse your requirement

It is important to find out your Car Insurance needs. For example, Road Side Assistance is an add-on that will be essential for everyone. Likewise, there are other add-ons like Engine Protector or consumables cover. Depending on your requirements you can cater your car insurance needs.

Try to compare the plans

Comparing the Car Insurance plans online will help you get the insurance that suits your budget. Researching more about the products will also give clarity on the products.

Selecting the right IDV

It is important to declare the IDV or Insured Declared Value of the four-wheeler to be set right. Higher IDV leads to higher premium costs. However, if you set the IDV to lower your premium, this can affect your claims settlement amount.

Add-ons

Add-ons help you cater your Car Insurance plans. Most people tend to select all the add-ons or uncheck all the add-ons. Only opt for add-ons that will suit your needs and these add-ons will safeguard you from financial burden.

Network Garages

Network garages offer cashless repairs for your insured car, making it important to choose an insurance provider with a wide network. Shriram General Insurance has network garages across India, allowing you to avail of cashless repairs at their locations.

Documents Required for Filing a Car Insurance Claim in Mumbai

The documents required to file a Car Insurance claim in Mumbai at Shriram Car Insurance are listed below.

Engine and Chassis Number
Police Complaint (FIR copy)
Claim Form duly filled and signed
Description and location of the accident
Car inspection address
Vehicle's Kilometre Reading
Accident Date and Time

Documents Required for Car Insurance Claims

Frequently Asked Questions (FAQs)

Here are some of the frequently asked questions about car insurance in Mumbai.

How does Shriram Car Insurance benefit you?

Here are some of the advantages of Shriram car insurance.

A wide range of add-ons and affordable plans.
A fast and simple claim intimation process that requires minimal documentation through our website or mobile app.
We have a large network of branches and cashless garages across the country.

How does the No Claim Bonus work?

A No Claim Bonus (NCB) is a reward for not raising claims during the policy period. This bonus is used to reduce the renewal premium.

How do I purchase car insurance in Mumbai?

With Shriram's mobile and web applications, purchasing car insurance has never been simpler. Buying car insurance online can be accomplished by following the steps listed below.

You can visit our website or download the MySGI app to your mobile device.
Details about the vehicle should be provided.
Choose a car insurance plan and additional coverage (if necessary).
By paying your premium online, you can instantly insure your vehicle.

Are electric/CNG/LPG vehicles covered by a car insurance policy?

Yes, electric/CNG/LPG vehicles can be insured with comprehensive or third-party insurance.

How are the premiums for your car determined?

The car insurance premium is calculated on several factors, including your car’s Insured Declared Value (IDV), year of manufacture, city of registration, and cubic capacity of the engine.