Limit your speed, not your car insurance
Instant policy with zero paper-work
Quick and hassle-free claim process
4/5
We take your safety seriously
4200+
Cashless garages
Jet-speed
Claims
Upto 50%
No claim bonus
98.31%
Claim settlement ratio
24/7
Around the clock assistance
Note: The above data is till 1st April, 2024
What is Car Insurance?
Car insurance, also referred to as four-wheeler insurance, is a contract between a car owner and an insurance provider that offers coverage for cars against financial losses arising from unforeseen incidents like accidents and natural disasters.
Car insurance safeguards you, your vehicle, and pedestrians from life's unpredictable challenges while on the road.
A car insurance policy provides you with financial protection in the event of unfortunate incidents, covering risks and damages. It also includes third-party liabilities, ensuring you adhere to all legal requirements.
Choose Kotak's best car insurance plan, offering an affordable premium and access to a network of over 4,200+ cashless garages.
Key features of car insurance from Kotak General Insurance
Discover the exciting car insurance features that go the extra mile for your safety
Cashless servicing
Wherever your long drives take you, our extensive network garages will allow you to enjoy hassle-free cashless car insurance service across the country.
NCB discounts & entitlements
Are you concerned about losing your No Claim Bonus (NCB) when switching car insurance? No need to worry! You can retain your NCB benefits from your previous policy. Shift your existing car insurance plan to Kotak General Insurance and keep your NCB intact.
Premium discounts
Get an additional discount (as per the tariff) on your car insurance premium when you opt for voluntary deductible in addition to compulsory deductible.
AAI members discount
If you're an active member of a recognized Automobile Association of India (AAI), you can enjoy an additional discount on your car insurance premiums
Additional Kotak car insurance features
We believe in going above and beyond for your safety. Check out our new additional features
Affordable premiums
Get coverage with affordable premiums
Optional add-ons
Range of add-ons for wider coverage
Third-party liability
Coverage against third-party bodily injury, death and property damage
Own damage cover
Coverage of Rs.15 lakhs against accidental deaths and permanent disablements
Personal accident cover
Coverage of Rs.15 lakhs against accidental deaths and permanent disablements
Easy cashless claims
Network of 4200+ garages for easy cashless claims
Claim TAT
Quick settlement of claims, jet-speed style
No Claim Bonus
Enjoy up to 50% NCB and reduce your premiums
Round the clock assistance
We are at your service, 24/7
Policy purchase
Online issuance and renewals
Documentation
Zero paperwork needed
Add-ons available
24x7 Roadside assistance, Daily car allowance, Engine protect, Depreciation cover, Return to invoice, Consumables cover, Tyre cover, Loss of personal belonging, Key replacement, NCB protect & switch on/ switch off (METER)
Why do you need car insurance?
Car insurance is your safety net on the roads. Explore more why you need it
Legally mandatory
Firstly, a car insurance policy is mandated by law. The Motor Vehicles Act of 1988 requires every car to be insured under a valid third-party coverage before you take it for a spin. So, to comply with the legal requirements and avoid penalties, car insurance becomes a must.
Coverage against third party liabilities
Third-party liabilities occur if your car physically hurts or kills another individual or causes third-party property damage. These contingencies are covered under the policy. Get coverage up to the legal liability for claims related to bodily injury, death or property damage as per the governed rules and regulations of Motor Vehicle Act. To know more about difference between third-party and comprehensive car insurance click here
Coverage against man-made and natural calamities
A comprehensive car insurance plan offers protection against both man-made and natural calamities. It safeguards you from damages caused by earthquakes, floods, storms, landslides, fires, riots, strikes, explosions, terrorist activities and more.
Theft cover
If your car is stolen, you not only lose an asset, but also incur a considerable financial loss. This loss is covered under a comprehensive car policy and you get compensated for the loss suffered.
Add-on covers
Comprehensive car insurance plans allow a range of add-ons that enhance the coverage. You can get 24/7 assistance in the case of emergencies, nullify the effect of depreciation on the claim, get the original invoice value of the car in the case of theft or total loss and more. Choose one or more add-ons and get to enhance the cover and make your policy more inclusive. Know more about comprehensive car insurance in India and add-ons here.
Compensation for financial loss
If your car suffers a damage, you might incur a considerable financial outgo on its repairs. In the case of a theft, the loss is considerable as cars come expensive. Third-party liabilities might also amount to a sizeable financial strain. A comprehensive car insurance policy takes care of these contingencies and compensate you for the loss that you might suffer.
Personal accident cover
Accidents are traumatic, emotionally and financially. The personal accident cover helps you with a benefit amount during the financial trauma of an accident. The personal accident cover provides coverage against accidental deaths and permanent disablements and pays a lump sum benefit in these cases. The total liability of the insurer shall not exceed INR 15 lakhs
Peace of mind
With the car insurance policy at your disposal, you don’t have to worry about possible financial losses that you might suffer in the case of a damage, theft or third-party liability. The policy covers the financial loss and gives you peace of mind.
Different types of car Insurance policy by Kotak General Insurance
Know the diverse range of our insurance plans and find the perfect one that suits your driving needs
Comprehensive car insurance
A comprehensive car insurance policy is the most inclusive form of car insurance coverage, providing extensive protection for both third-party liabilities and damages to the insured's own vehicle. This type of four wheeler insurance policy covers financial liabilities arising from road accidents, as well as incidents caused by natural disasters, man-made events, self-ignition or lightning, explosions, fire, theft, and more.
Third-party insurance
Third-party car insurance is a mandatory requirement for driving a car in India. Also referred to as the liability only car insurance policy, this is the most fundamental form of car insurance. It covers financial liabilities for bodily injuries, permanent or temporary disabilities, and death of third parties resulting from an accident involving the insured's vehicle. Additionally, it offers coverage for third-party property damage up to ₹7.5 lakhs.
Own damage car insurance
In September 2019, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the standalone own damage car insurance policy. Under this plan, the insured gets insurance coverage only for the own-damages sustained by his/her four-wheeler in a natural/man-made road accident, calamity, fire, explosion, theft or any other mishap. A standalone own-damage car insurance policy aims at offering the insured the flexibility in terms of the insurance provider they
Key features of Kotak Car Insurance policy coverage
See what makes our car insurance policies stand out!
A comprehensive car insurance plan provides an all-around coverage and covers the mandatory third-party liability.
Covers damages suffered by the car
If your car is damaged due to natural or man-made causes, the comprehensive car insurance plan covers for the loss suffered.
Coverage for theft
The comprehensive plan also covers theft of the car and pays the Insured Declared Value (IDV) against the same.
Personal accident cover for the owner/driver
There is a personal accident cover available for the owner or driver of the car with a sum insured of Rs.15 lakhs. The cover pays a benefit in the case of accidental death or permanent total disability due to an accident.
Range of add-ons
Add-ons are optional additional coverage benefits that you can choose with the comprehensive cover. Kotak’s comprehensive car insurance policy allows a choice of multiple add-ons for an inclusive coverage.
Premium discounts
You can avail premium discounts for installing safety devices in your car, for being a member of an automobile association, for choosing a voluntary deductible etc. These discounts bring down the premium cost.
No Claim Bonus
If you don’t make a claim in your comprehensive car insurance plan, you earn a no claim bonus. The bonus starts at 20% after the first claim-free year and keeps on increasing after each successive claim-free year. You can earn up to 50% no claim bonus and claim an equivalent discount on the premium.
Cashless claim settlements
Under comprehensive plans you can get cashless claim settlements on repairs if you take your car to a networked garage
Coverage against third-party liabilities
If you incur any financial liability due to physical injury, death or property damage suffered by another individual, it is called a third-party liability. Such liabilities are covered by the 3rd party car insurance policy. If you face such liabilities, the policy compensates the third party on your behalf.
Low premiums
The premiums for third party car insurance plans are determined by the Insurance Regulatory and Development Authority of India (IRDAI). The premiums depend on the cubic capacity and segment of the car and are low.
Mandatory requirement
The 3rd party car insurance policy is a mandatory requirement as specified under the Motor Vehicles Act, 1988. So, if you own a car, you have to buy the third party coverage mandatorily.
Long-term coverage
For new cars, the third party coverage is allowed for a long-term period of three years. You don’t have to renew the policy every year.
High coverage
The third party policy covers bodily injury and death up to the amount decided by the motor tribunal. Whatever is the liability amount, the policy covers it. Property damages are covered up to Rs.7.5 lakhs.
Online issurance
Under comprehensive plans you can get cashless claim settlements on repairs if you take your car to a networked garage
Coverage for own damages
The own damage insurance for car covers the damages suffered by the car. Such damages can be due to natural or man-made calamities. For instance, the own damage cover will pay for the repair costs if the car is damaged due to earthquake, flood, landslide, storm, fire, ignition, strike, riots, etc. Even if the car is totalled, the loss suffered is compensated.
Coverage against theft
If the car is stolen, you get compensated for the considerable financial loss that you suffer. You can use the compensation received to replace the lost car or pay off an existing car loan.
Optional add-ons
Different add-ons are available with own damage car insurance policies. Such add-ons are optional and help in increasing the scope of coverage at a minimal additional premium.
No claim bonus
You earn a no claim bonus every year when you don’t make a claim under the own damage insurance for car. The no claim bonus can be used as a premium discount on renewals. The bonus starts from 20% and jumps to 50% after five successive claim-free years.
Premium discounts
You can enjoy different types of premium discounts on the own damage premium. These discounts make the premium more affordable.
One-year term
The own damage cover is available for a term of one year after which you can renew it for continuous coverage.
Covers damages suffered by the car
If your car is damaged due to natural or man-made causes, the comprehensive car insurance plan covers for the loss suffered.
Coverage for theft
The comprehensive plan also covers theft of the car and pays the Insured Declared Value (IDV) against the same.
Personal accident cover for the owner/driver
There is a personal accident cover available for the owner or driver of the car with a sum insured of Rs.15 lakhs. The cover pays a benefit in the case of accidental death or permanent total disability due to an accident.
Range of add-ons
Add-ons are optional additional coverage benefits that you can choose with the comprehensive cover. Kotak’s comprehensive car insurance policy allows a choice of multiple add-ons for an inclusive coverage.
Premium discounts
You can avail premium discounts for installing safety devices in your car, for being a member of an automobile association, for choosing a voluntary deductible etc. These discounts bring down the premium cost.
No Claim Bonus
If you don’t make a claim in your comprehensive car insurance plan, you earn a no claim bonus. The bonus starts at 20% after the first claim-free year and keeps on increasing after each successive claim-free year. You can earn up to 50% no claim bonus and claim an equivalent discount on the premium.
Cashless claim settlements
Under comprehensive plans you can get cashless claim settlements on repairs if you take your car to a networked garage
Don't overspend on Car Insurance
Compare car insurance plans
| Premium Features | Comprehensive Plan
| Own Damage Plan |
Cashless repairs | | |
No claim bonus up to 50% | | |
Coverage to electrical/non-electrical accessories | | |
Coverage to bi-fuel systems | | |
Damage to third party property | | |
Third party’s death or injury | | |
Zero Depreciation cover add-on inbuilt | | |
Extra coverage with optional add-ons | | |
| Standard Features | ||
Car damage | | |
Theft coverage | | |
Personal accident cover | | |
Car damage due to natural disasters | | |
Car damage due to man-made calamities eg: riots | | |
Car damage due to fire | | |
| Get Quote | Get Quote |
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Electrical accessories
Insuring your vehicle’s every need and providing comprehensive plan that covers all electrical/non-electrical accessories.
Fire
Don’t let fire damage to your car ruin your life. Stay protected against any loss and get compensated for damages caused by fire.
Self ignition
Get compensated for losses incurred from combustion that occurs without the use of an external heat source.
Natural disasters
When disaster strike, we’ve got you covered. Get protected from the effects or damages due to natural disasters.
Personal accident
Get comprehensive coverage to protect yourself and your loved ones from unpredictable events such as accidents.
Explosion
Keeping your property safe & covered from the damages caused by rapid nuclear or chemical reactions.
Wear, tear & general aging of vehicle
We do not cover any damages due to normal wear and tear and general aging of the vehicle
Depreciation or consequential losses
Our coverage does not include depreciation or consequential losses (unless they are separately covered by add-ons).
Vehicle used otherwise
We do not cover any damage caused by the vehicle being driven otherwise than in accordance with the limitations on its use.
Mechanical/Electrical breakdown
Any damage or loss that occurred due to mechanical or electrical breakdown is not covered by us.
Any contractual liability
You are not covered under our insurance policy for any contractual liability if you are found to be responsible for the damages.
Influence of drugs or liquor
We do not cover damage to/by a person who is driving under the influence of drugs or alcohol.
Vehicle without valid license
Please keep in mind that we do not cover damage to/by a person who is not licensed to drive the vehicle or had an invalid license.
Nuclear risk or war
We do not cover damage due to nuclear risk or war. We do, however, cover all other risks as mentioned in our Terms and Conditions of Service
Kotak Car Insurance policy cancellation charges
In case you would like to cancel your car insurance policy within a year, we will retain a portion of the premium as specified below
Period | % of Annual Premium |
Not exceeding 1 month | 20% |
Exceeding 1 month but not exceeding 2 month | 30% |
Exceeding 2 months but not exceeding 3 months | 40% |
Exceeding 3 months but not exceeding 4 month | 50% |
Exceeding 4 months but not exceeding 5 months | 60% |
Exceeding 5 months but not exceeding 6 months | 70% |
Exceeding 6 months but not exceeding 7 months | 80% |
Exceeding 7 months but not exceeding 8 months | 90% |
Exceeding 8 months Full Annual Premium | Full Annual Premium |
Kotak Car Insurance policy add–on covers
Customize your coverage with our amazing add-ons - they're like bonus features for your car protection!
Consumables Cover
Consumables are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage. Know more about car insurance consumables add on coverage.
Depreciation Cover
Depreciation is not covered under car insurance. In the case of claim, the cost of depreciation is deducted from the cost of repairing or replacing the parts. However, with the Depreciation Cover add-on, depreciation gets covered. It is not deducted from the claim amount and the claim payout is higher.
Engine Protect
If the engine suffers a damage due to water seepage or water logging, the add-on would cover such damages and pay for the repair or replacement of the damaged engine are one-time items used in repairs of the car like nuts, bolts, screws, lubricants, etc. The cost of these consumables is covered under the add-on which is otherwise excluded from coverage. Know more about car insurance engine protect add on.
Return to Invoice
Covers purchase invoice price of the vehicle in-case of Total Loss/Constructive Total Loss. Know more about car insurance return to invoice add on coverage
Tyre Cover
This add-on allows 24X7 assistance in the case of emergencies or when the car breaks down in the middle of the road. You can get assistance for flat tyres, fuel refill, jump starting the battery, etc. Know more about car insurance Tyre cover add on.
24X7 Roadside Assistance
This add-on allows 24X7 assistance in the case of emergencies or when the car breaks down in the middle of the road. You can get assistance for flat tyres, fuel refill, jump starting the battery, etc. Know more about car insurance road assistance add on.
Daily Car Allowance
In the case of a claim, when the car is under repairs, the add-on pays a daily allowance which you can use to cover the cost of alternate transportation. know more about car insurance daily car allowance add on.
NCB Protect
In the case of a claim, when the car is under repairs, the add-on pays a daily allowance which you can use to cover the cost of alternate transportation.
Loss of Personal Belongings
This add-on covers the financial loss that you might suffer if personal belongings are stolen from the insured car. know more about car insurance loss of personal belongings add on.
Key Replacement
This add-on covers the financial loss that you might suffer if personal belongings are stolen from the insured car.
Why choose Kotak Car Insurance online
Experience seamless protection and security with us
Kotak Car Secure and you share the goal of keeping your car safe. Kotak car insurance offers comprehensive protection in unforeseen circ*mstances. With Kotak Car Secure, enjoy coverage for both first-party and third-party damages. Rely on our 24-hour assistance for any critical or non-urgent situations. Benefit from up to 50% No Claim Bonus. Access Kotak General Insurance’s extensive cashless garage network across India.
Time saving car policy
No need to spend hours in buying a car insurance policy for your car. Buy the policy online and get it issued within minutes. Enjoy instant coverage on your car and take it for a spin without worrying about potential financial losses.
Money saving car policy
Kotak car insurance comes at affordable premiums starting as low as Rs.2094. So, insure your car without burning a hole in your pockets with Kotak Car Insurance plans.
Effort saving car policy
At Kotak, we believe in issuing your car insurance policy with minimal hassles on your part. You don’t have to make a lot of effort in getting your car insured. Just apply online, fill in the proposal form, pay the premium and that’s it. The policy gets issued with minimal efforts.
Instant discounts on car policy
Kotak General Insurance offers significant discounts on car insurance renewal online, with up to 50% off using our no claim bonus. Opt for a voluntary deductible and approved anti-theft device for extra savings. Join AAI to lower your premium. Claim multiple discounts for an affordable policy.
24x7 Customer care support for car policy
Need help in buying, renewing or making a claim on your car insurance policy? Kotak’s trusted experts are at your service. Get 24X7 assistance from our customer care department for your queries, complaints and even feedback.
Trusted and reliable car policy
At Kotak, we believe in issuing your car insurance policy with minimal hassles on your part. You don’t have to make a lot of effort in getting your car insured. Just apply online, fill in the proposal form, pay the premium and that’s it. The policy gets issued with minimal efforts.
Key benefits of buying Car Insurance online
Kotak General Insurance offers different types of car insurance plans
More Economical
When you compare car insurance online, you will be able to determine which is the best policy for you based on its cost. The only thing to note here is that one should consciously compare similar types of car insurance policies.
Paperless transactions
Car insurance require you to answer basic questions about yourself and your vehicle. Based on these questions, you can select the insurance coverage you wish to buy for your vehicle. You won't need any paperwork to buy a car insurance online.
Instant policy
When you purchase car insurance offline, handling physical paperwork can be time-consuming. Opting for car insurance online ensures instant processing of information and immediate issuance of your policy. Enjoy quick and hassle-free insurance with Kotak General Insurance online!
More convenience
Online car insurance purchases are more convenient than traditional ones. You can buy an insurance policy at one in the morning from the convenience of your home and still have a smooth transaction. Buying car insurance online offers ease.
Checking the credibility of the insurer is easy
Online research into an insurance provider is more straightforward than offline research. Before buying a new car insurance online, you can check the company's website to learn more about its Incurred Claim Ratio, claim filing process, and claim resolution time. To obtain a clearer picture, you can also read reviews left by current or former customers.
How to buy Kotak Car Insurance online
Hassle-free insurance at your fingertips with our easy and fast online process
Get All-round protection for your precious vehicle in a few steps. We at Kotak General Insurance understand the value of your time and have simplified the car insurance buying process to a few simple steps.
Click on the "Get a Car Insurance Quote" button on the Kotak Car Insurance Page
Fill in your car details such as registration number, model, make etc.
Fill in you personal details and make the payment online.
How to get an online quote for Car Insurance
See how simple it is to get a car insurance quote with us
Visit kotak general insurance website
Log in to your Kotak general insurance profile using the OTP sent to your mobile number
Fill in your details such as car registration number, mobile number and email id (optional).
Click on the "Get A Quick Quote" button on the Kotak Car Insurance Page and review coverage
How to choose four-wheeler insurance for a new car
Know the essential factors to consider when choosing four-wheeler insurance for a new car
Here are some tips on how to choose car insurance for new car
Opt for a comprehensive new car insurance policy.
A new car should have an all-around protection. That is what a comprehensive car insurance policy offers. So, choose a comprehensive car insurance for new cars for an inclusive scope of coverage against possible financial losses.
Choose a suitable IDV & add-ons.
The Insured Declared Value is the maximum coverage liability that the insurance company undertakes when insuring your car. This is the value that is paid when you suffer a theft or total loss. So, a higher IDV is a better choice as the claim pay out is higher in theft or total loss cases.
Select suitable add-ons
Make your new car insurance policy more comprehensive with add-ons. Choose suitable add-ons depending on your coverage needs and get wider coverage. Enjoy higher claim pay-outs and better financial security.
Claim the applicable discounts
As mentioned earlier, Kotak’s comprehensive car insurance policy allows a range of premium discounts that can reduce the new car insurance price. So, look for these discounts and claim the ones which are available for your car. If you had a previous car whose no claim bonus has been accumulated, transfer the bonus to the new car and get a discount on the new car insurance price.
Check new car insurance price
Compare the new car insurance price across different policies. Choose the new car insurance policy that offers the most competitive rate of premium without compromising on the coverage. For instance, Kotak offers affordable policies for your new car with a comprehensive scope of coverage.
Check the networked garages
Networked garages allow you to avail of the cashless claim facility. So, the wider the network of such garages, the better. Check the list of networked garages in your area to know which garage would serve the purpose when you suffer a claim.
Know the claim settlement process
You need to follow the claim settlement process for a quick claim settlement. So, check the claim settlement process of the insurance company. Also, look for a policy that has a streamlined process and simplifies the claim experience, just like Kotak does.
Check the Claim Settlement Ratio
Lastly, check the Claim Settlement Ratio of the insurance company as it indicates the percentage of claims that the company has settled. A high ratio is a better choice since it fosters trust on the insurer. For instance, Kotak has a Claim Settlement Ratio of 97% which shows that the company settles most of its claims and can be trusted for your new car insurance.
How to buy new Car Insurance online
We'll walk you through buying insurance for your new car
Click on the "Get a Car Insurance Quote" button on the Kotak Car Insurance Page
Fill in the required details such as registration number, model, make, etc.
Fill in you personal details and make the payment online.
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Kotak Car Insurance Reviews & Ratings
Look what they have to say
We are very happy if you are satisfied with our service and products. Let's read pure reviews from customers who bought our products.
Car Insurance
Entire process starting from claim registration to the completion was very speedy and smooth. After claim registration I did not need to talk or remind the company. It was my first experience of its kind which I felt wonderful. Thanks Kotak General Insurance!
Dinesh Kumar Jaiswal
Car Insurance
The overall process was very smooth and professional. Minimal documentation and process. Liked the Professionalism and proactiveness of the employees in Kotak. Thanks for the support.
Jagadish B G
Car Insurance
Very satisfying first experience with Kotak. Likely to renew the policy with Kotak.
Rajender Singh Vedi
Car Insurance
Kotak General Car Insurance saved me during a flood incident. Their claim process was quick, and the customer support was excellent. Very satisfied! :)
Shiva Naruka
Car Insurance
Just bought car insurance from Kotak General Insurance, and I’m really impressed. The coverage for natural disasters like earthquakes is very reassuring. Good job, Kotak!
Divya Aswal
Car Insurance
Very happy with Kotak General Car Insurance. Their add-ons like consumables cover and engine protect are very useful. Highly recommend!
Reena Gothwal
Car Insurance
Kotak General Insurance’s cashless service is fantastic! Got my car repaired without any hassle. The process was smooth and efficient. Great service!
Tipu Sultan
Car Insurance
Impressed with Kotak Car Insurance. The policy covers a wide range of damages, including theft and chori. Very reliable!
Saddam Hussain
Car Insurance
Kotak General’s car insurance is very comprehensive. The towing facility is very useful and hassle-free. Great value for money!
Abshar Alam
Car Insurance
Very satisfied with Kotak General Car Insurance. The coverage for 3rd-party damage is nice
Jatin Jaiswal
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How to calculate Car Insurance premium
Let's talk about how car insurance premiums are calculated
You can use the car insurance premium calculator to find out.
The car insurance premium calculator is an online tool that is easy to use. It gives you the exact amount of car insurance premium and helps you buy the policy too.
To use the car premium calculator, you just have to enter a few details. These details are as follows –
The type of policy that you want
The make, model and variant of your car
The registration date of the car
The registration location
Claim history, i.e., whether you made claims in the previous years or not.
Available no claim bonus, if you did not make claims in the previous year
The add-ons that you add to the comprehensive policy
The discounts that you can avail
Factors affecting four-wheeler insurance premium
Discover the essential factors influencing your car insurance premiums
Type of policy selected
The car insurance premium depends on the type of policy that you choose. Comprehensive car insurance plans are dearer than third party liability plans since they offer a wider scope of coverage.
Insured's Declared Value (IDV)
The Insured Declared Value affects the premium directly since it determines the coverage amount. Higher IDVs incur a higher premium outgo and vice-versa.
NCB (No Claim Bonus)
The no claim bonus determines the discount that you can get when renewing your four-wheeler insurance policy. The higher the bonus the higher the discount and lower the premium that you have to pay.
Coverage type
The cost of four-wheeler insurance varies based on the chosen coverage. Different plans have different premiums, and your choice determines your payment. Comprehensive plans are pricier as they provide broader coverage compared to third-party plans.
Previous claims
The claim history is assessed when calculating the car insurance premium. This is because the claim history determines the no claim bonus which allows a premium discount.
Make, model and variant
The make, model and variant of the car determine the cost of the car which, in turn, affects the premium.
Coverage tenure
Policies that offer long-term coverage are priced higher than policies that offer annual coverage only.
Car type
The car's value, coverage, and insurance premium are influenced by its make, model, and fuel version. Lower-priced cars have lower premiums, while higher-priced cars have higher premiums. The car's Insured Declared Value (IDV) and premium are determined by its make and model.
Car Insurance add-ons
Each add-on attracts an additional premium. So, depending on how many add-ons that you choose, the overall premium increases.
Registration date and location
The registration date of the car indicates its age. The age indicates the depreciation suffered and the reduced value of the car. Registration location indicates whether the car is registered at a metro city or a non-metro one.Both these aspects affect four-wheeler insurance premiums. The older the car the lower the premium. Moreover, car insurance premiums in metro cities are higher than non-metro ones.
Registration date/age of the car
The registration date of the car indicates its age. As the car gets older, its value depreciates. That is why the car insurance premium is lower for older cars compared to newer ones.
Other discounts
If you claim any other type of discount under the four-wheeler insurance policy, the premium would reduce.
Tips to lower your Car Insurance premium
Learn some savvy tips to avoid actions that raise your car insurance costs
One of the most important factors affecting car insurance premiums is your driving history. By avoiding traffic violations will help keep your premiums lower.
Generally, high-performance or luxury vehicles, tend to have higher premiums. It is advisable to research comprehensive insurance premium before purchasing a car.
Opting for higher deductibles can lower your premiums. The deductible is the amount you’re responsible for paying out of pocket before your insurance cover kicks in.
Paying bills on time and maintaining a good credit score can result in lower insurance rates.
Periodical review of your insurance coverage ensures you have appropriate level of protection.
Reduction in your annual mileage, using public transportation or working from home may result in lower premiums.
Advantages of renewing Car Insurance online
Here's why online car insurance renewal is a win for you
Easy and convenient
Renewing car insurance online is very easy and convenient. You can renew the policy from the comfort of your home or office or even on the go. You don’t have to visit the insurance company’s branch for car insurance renewal. It is, thus, convenient. Moreover, no paperwork is required and you can renew in some simple steps making the process easy.
Instant
Renewing your car insurance online with Kotak General Insurance ensures immediate coverage. Experience real-time car insurance renewal online and instant protection for your vehicle, making the process hassle-free and convenient.
Cost-effective
Renewing online cuts down on the costs of physically visiting the insurance company and renewing the policy. Moreover, you can compare the car insurance quotes across different insurance companies and switch to a company offering a wide scope of coverage at lower rates of premiums.
Checking existing policy details
When you renew car insurance online, you can also check the details of your existing policy. You don’t have to store the physical documents of your policy. Simply enter the policy number and check the details of the coverage, the policy start and end dates, available no claim bonus, add-ons selected, etc.
Claiming no claim bonus
If you have accumulated the no claim bonus through previous claim-free years, you can use the bonus and claim a discount when renewing the policy.
Availing discounts
You can check and avail the eligible discounts when renewing car insurance online.
Using the premium calculator
The online mode offers the free car insurance premium calculator that helps you calculate the renewal premium instantly. You can, thus, estimate the cost of renewing the policy before you renew.
Ease of payment
Renewing online also means paying the renewal premium online. You can pay the premium through any of the digital payment modes like credit or debit cards, mobile wallets, UPI, net banking, RTGS, IMPS, etc.
Easy customization
You can add or remove add-ons at the time of car insurance policy add-ons and enjoy the desired coverage. You can also change the type of policy that you want.
Transparent process
The online car insurance renewal process is seamless and transparent. You get to know the detailed premium break-up for the coverage and the associated charges. Know more important benefits of car insurance renewal
How to renew Kotak Car insurance online
Follow these quick steps to renew your car insurance policy and keep your car protected always
Your car insurance is just a click away. Visit the Kotak Car Insurance page to get your car insurance quote.
Click on kotak car insurance renewal and choose the car insurance policy that you want to renew
Enter your policy number and mobile number and click on ‘Submit’.
Your policy number will be verified and you will be able to check the details of your existing policy. You can continue to renew renew the existing policy or make changes.Your policy number will be verified and you will be able to check the details of you
Pay the renewal premium and your policy will be done instantly!
How to renew Car Insurance for an old car
Renew your old car with ease, we're here to help
With Kotak General Insurance, you can renew car insurance policy by just entering your existing policy number or customer ID on the page. Once your policy number/customer ID is verified, you can make the payment to renew your insurance instantly.Want to renew your car insurance policy? Kotak makes your job easy! Kotak car insurance can be done online in a few simple steps. Read on how –
Click on Kotak car insurance renewal and choose the car insurance policy that you want to renew
Enter your policy number and mobile number and click on ‘Submit’.
Your policy number will be verified and you will be able to check the details of your existing policy. You can continue to renew, renew the existing policy or make changes.
Pay the renewal premium and your policy will be done instantly!
Why should you renew Car Insurance policy without break in
Know the importance of renewing your car insurance to stay covered
Continuous coverage
Renewing your car insurance policy without a break ensures that you maintain continuous coverage. A gap in coverage is considered as a potential risk and it may result in higher premiums when you decide to get a coverage again.
Financial protection
Car insurance provides financial protection and stability against unexpected events like accidents, theft or damage to your vehicle. You will have to bear full cost of repair or replacement without insurance which can be substantial.
No loss of benefits
No-claims bonus or discounts are few benefits that accumulate over time for loyal customers. Renewing your car insurance policy can provide significant savings on your premiums and you can enjoy such benefits.
How to file a car insurance claim at Kotak General Insurance
Filing a claim has never been this easy – we made sure of it
Call us on 1800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.
Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.
You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.
An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.
On cashless facility confirmation, the vehicle can be repaired at a preferred network garage, on payment made directly to the garage.
You will only be required to pay the deductible as mentioned in the policy, and the depreciation value, salvage, etc., as informed by the surveyor.
Call us on 1800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.
Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.
You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.
An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.
The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.
Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation
List of documents required for filing a Car Insurance claim online
Get familiar with the documents needed for speedy claim process. To raise a motor insurance claim under different situations mentioned above, you will require the following documents.
Registration Certificate (RC) Copy
Policy Copy
Policy holder's valid ID proof
Drivers Driving license
FIR Copy (In case of theft and TP claim)
Duly filled Claim form
Any further requirements will be conveyed basis inspection
KYC documents required to buy Car Insurance online
Check out the KYC documents required for your car insurance purchase
The KYC (Know your customer) documents required to buy car insurance may vary depending on the insurance company and the jurisdiction you are in. However, here are some common documents that are typically required:
Identity proof
A valid government-issued identification document is usually required. This can be a passport, driver's license, Aadhaar card or national identification card.
Address proof
You may need to provide proof of your residential address. Accepted documents may include utility bills (electricity, water, gas), bank statements or a rental agreement.
Vehicle registration certificate
The insurance company will require the registration certificate (RC) of the vehicle for which you want to purchase insurance. This document proves that you are the legal owner of the vehicle.
Previous insurance details
If you're renewing or switching your car insurance policy, you'll need to provide details like your existing policy number, insurer name, and expiration date. Ensure a smooth car insurance policy renewal process with Kotak General Insurance today.
Driving license
Your valid driving license may be required to verify your eligibility to drive and insure the vehicle.
PAN card
In India, you may need to provide your Permanent Account Number (PAN) card for financial transactions and identification purposes.
How to download your Car Insurance policy copy
Here is your step-by-step guide to access your policy copy
Losing your car insurance policy may lead you to pay heavy fines, although you have one. But now, you can immediately download your car insurance policy copy from our website.
Enter your policy number
Enter your registered mobile number Or your registered email Id
Click on Get OTP
Type the OTP and click on download car insurance policy document
Kotak General Insurance cashless network garages
Our cashless network garages makes roadside assistance a sleek experience at the time of uncertainty
Buying a car insurance gives access tocashless network garageswhich provides convenience and hassle-free car repairs covered byKotak General Insurancewithout the need for upfront payment.
Important Car Insurance terminologies you must know
There's always more to know about car insurance
Insured Declared Value (IDV) in car insurance
The Insured Declared Value (IDV) is the insurer's maximum coverage for a vehicle during a policy period. It is calculated using the vehicle's selling price and depreciation, and serves as compensation in case of total loss.
No Claim Bonus (NCB) in car insurance
The No Claim Bonus is the discount on the own damage portion on the premium offered to the policyholder from the car insurance company for responsible driving and not filing damage claims during the preceding policy year.
Zero depreciation in car insurance
Zero Depreciation Cover is an add-on wherein the entire claim amount is settled by the car insurance company without factoring in depreciation value of the insured car. This cover is applicable to vehicles that are less than 5 years old.
Car insurance premium
The car insurance policy premium refers to the amount paid periodically by the policyholder to the insurance company for the coverage as per the policy.
Coverage in car insurance policy
Coverage is the amount of risk that is covered under a car insurance policy.
Own Damage cover in car insurance
Own damage cover in car insurance protects the insured vehicle against the damages caused due to accidents, and man-made and natural calamities such riots, theft, fire, flood, etc.
Cashless claims in car insurance
When you get your damaged car repaired at your insurance provider's network garage, the insurer pays the garage directly. Since the policyholder does not have to handle this expense from his/her own pocket, this facility is called a cashless claim.
Comprehensive coverage in car insurance
Comprehensive car insurance covers a four-wheeler against own and third-party damages. It provides financial help to the policyholder if the insured car has sustained damages due to road accidents, natural disasters, artificial calamities, theft, fire, etc.
Deductibles in car insurance
In car insurance, deductibles are a part of the claim amount you will pay from your pocket during claim settlement. The rest of the claim amount is paid by the insurance company. There are two types: voluntary and compulsory deductible.
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RTO- Regional Transport Office
Your guide to RTO offices. Get insights into different locations
RTO stands for Regional Transport Office and is a government body responsible for vehicle registration and issuance of driver’s licenses. Also, the RTO in each state is responsible for maintaining the database of its drivers and vehicles.
RTO Office Andhra Pradesh
RTO Office Mumbai
RTO Office Bengaluru
RTO Office Kolkata
RTO Office Delhi
RTO Office Chennai
RTO Office Pune
RTO Office Kalyan
RTO Office Lucknow
RTO Office Noida
RTO Office Navi Mumbai
RTO Office Faridabad
RTO Office Ahmedabad
RTO Office Andhra Pradesh
RTO Office Arunachal Pradesh
RTO Office Bihar
RTO Office Chandigarh
RTO Office Gurgaon
RTO Office Indore
RTO Office Jaipur
RTO Office Jharkhand
RTO Office Karnataka
RTO Office Panvel
RTO Office Uttarakhand
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Car Insurance - Frequently Asked Questions
- General
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- Claim
Zero depreciation cover helps you protect your car against all physical damages caused to the car without factoring in the element of depreciation. Normally the insurer accounts for depreciation on your car's parts and therefore pay you your claim only after subtracting the amount of depreciation. But, with the Zero depreciation add-on, you get claim amount without deducting the depreciation.
First foremost, you have to apply for a car insurance transfer by paying a transfer fee along with the documents mentioned below:
Existing Insured's consent
New Customer's Proposal
Transferred RC Copy / Sale Proof
Inspection of Vehicle (If request received post 14 days of transfer)
NCB Recovery, if any
Recovery / Refund of ODPA, if any
Transfer Fee
Then hand over the new policy schedule to the new policy holder.
The IDV is an important factor that decides the price of car insurance. Insured declared value is a fixed value in a car insurance policy at which your car is insured. Few factors that impact IDV are:
Car type:
The value of the car depends upon its type. Generally, there are 3 types - SUVs, hatchbacks, and sedans. You may also find sports car variants or vintage cars. The value of an SUV is higher than a hatchback; similarly, a vintage car though old, has a higher value than most new cars.
Variant of the car:
Same cars of the same brand may have advanced features that place the car at a higher variant. The higher the variant of the car, the more the value of the car, which increases the IDV.
Purchase location:
The on-road price of the same cars varies across different locations. This change in price can change the value of the IDV of the same vehicle at different purchase locations.
Depreciation:
Depreciation is the reduction in the value of the car over the years due to general wear and tear. It is inversely proportional to the value of the car. The higher the depreciation lower is the car’s value.
Accessories:
The car accessories also depreciate over time and are also included in calculating the IDV of your car.
Your car insurance is just a click away.
Visit the Kotak car insurance page to get your car insurance online.
Click on the “Get Quote” button
Fill in the required details such as registration number, model, make etc.
Quote for car insurance will be generated basis the details submitted
Proceed to submit the proposer details
Make the payment
Car insurance policy document will be generated which can then be saved
No matter how much you pay for your car insurance, you can always get a discount on your car insurance premium with
No Claim Bonus on Car Insurance:
No claim bonus is a discount that is given to you if you have not raised any claim during the policy tenure. Retaining the no claim bonus helps you to get a higher discount every year on your car insurance renewal.
Security measures:
Installing anti-theft or security devices ensures that your car is safe from theft which in turn reduces your premium for car insurance policy.
While comparing car insurance quotes, buyers generally look for insurance policies that provide maximum coverage at the lowest premium. While this can be a factor but completely depending upon low premiums can be a big mistake. Instead, you must look at
The right IDV
Better services
Claim settlement ratio
Second hand car insurance is available for used cars. You can choose from a third party liability policy or a comprehensive one. Buying old car insurance is similar to buying new car insurance. You just have to go online, provide your car’s details, select the coverage that you need, add add-ons, if required and calculate the premium.
Pay the premium online and the second hand car insurance policy will be issued.
Kotak allows quick and hassle-free purchase of old car insurance. To buy old car insurance for your second hand car, you can simply follow the below-mentioned steps –
Visit https://www.kotakgeneral.com/ and select ‘Car Insurance’
Enter the registration number of your car and your mobile number.
The details of your car will be displayed. If there are any changes, you can do the edits.
Check out the old car insurance plans available for your used car and their premium.
Select a suitable policy and click on ‘Buy Now’.
Fill up the proposal form and pay the premium online
Your policy will be issued instantly.
You should not let your car insurance lapse and renew it immediately if expired. In case you renew it after expiry, the following outcomes may follow:
If you have earned any No Claim Bonus over the last few years of the policy period, you might lose the same.
After your insurance expires, your car is not insured and that may put you and your car at considerable financial and legal risk in case of any.
Having at least third-party car insurance is mandatory by law, so in case you are charged under the law for driving without valid car insurance, you will get fined or face legal implications.
On-time car insurance renewals have multiple benefits. Have a look –
When the policy is not renewed on time, the coverage lapses. A lapse means that the coverage stops and any financial loss that you incur is not borne by the insurance company. With on-time car insurance renewals, you can enjoy uninterrupted coverage, without a break. In the case of an accident, theft or third party liability, the coverage will compensate you for the financial loss suffered.
Lapsed coverage is also problematic if you are caught by traffic authorities. They might charge a fine or a penalty for not having a valid insurance coverage. With on-time car insurance renewal, you have valid coverage and you can avoid legal hassles.
You can retain the no claim bonus that you have accumulated through the previous claim-free years.
Timely car policy renewal also eliminates the need of inspection which is usually required if you renew the policy after it has lapsed.
Lastly, on renewing car insurance timely, you can enjoy lower premiums since insurers might charge an additional premium if your policy has lapsed and the coverage is not active.
Renewing your car insurance is crucial to ensure seamless protection. At Kotak General Insurance, the renewal of car insurance is quick and hassle-free. It is advised to renew your policy before it expires, though, even if your car insurance policy has expired, all you need to do is enter your existing policy number or customer ID on the online car insurance renewal page. Once your policy number/customer ID is verified, you can make the payment to renew your car insurance instantly
To renew your car insurance policy for old cars, clickhere.
Select your desired car insurance plan
Enter your previous car insurance policy number
Enter your mobile number
And you can buy new car insurance for your old car
At Kotak General Insurance, we settle your car insurance claims within 7 days of submitting all your requisite documents. Also, the sooner you raise a claim, the sooner your car will get repaired and the sooner your claim will be settled.
For the car insurance claim process, you would need to
Inform us about the damage
Submit the claim intimation form
Submit all necessary information
We will send a surveyor for inspection within 24 hours.
Losing your car insurance policy may lead you to pay heavy fines, although you have one. But now, you can immediately download your car insurance policy copy from our website
Click on the link
Enter your policy number
Enter your registered Mobile number
Or
Your registered email id
And Click on Get OTP
Type the OTP and click on download car insurance policy document
To get the duplicate car insurance policy offline, you will have to
Inform the insurance provider about the loss of papers
File an FIR at the nearest police station
Need to publish an advertisem*nt in your state newspaper
Need to submit an application to your car insurance provider for duplicate papers
Get an indemnity bond acknowledged by the notary
If you have lost your RC book, then you have to register a complaint with the police at the nearest police station. You must provide all the details about how and where exactly you lost your RC card. Then fill in the required forms and mention the registration number of your vehicle, model, your name and address, the chassis number of the vehicle, engine number, etc. The Regional Transport Office then provides an RC extract that can be submitted with other requested documents for filing the car insurance claim.
The cashless claim process in car insurance refers to a smooth way of settling insurance claims. It processes claims without any payment by policyholder for the repair expenses caused due to any damage or accident.
The reimbursem*nt claim process is an alternative to the cashless claim process. In this process, the policyholder pays for the repairs or damages caused due to accident.
Product | UIN No. |
|---|---|
Kotak Car Secure | IRDAN152RP0006V03201516 |
Written By : Kotak General Insurance - Updated: 30th July 2024
