Private Vehicle
Legal, Financial & Peace-of-Mind Coverage for Your Car
Private Car Insurance is a motor insurance policy designed to provide financial protection for cars used for personal and non-commercial purposes. It covers damage to the insured vehicle, third-party liabilities, and offers optional personal accident and add-on covers. Under the Motor Vehicles Act, 1988, it is mandatory in India to at least have a Third-Party Liability policy to legally drive a private car on public roads.
Types of Private Car
This Policy Is..
- Hatchbacks (e.g., Maruti Swift, Hyundai i10)
- Sedans (e.g., Honda City, Skoda Slavia)
- SUVs (e.g., Tata Harrier, Mahindra XUV700)
- Electric cars (e.g., Tata Nexon EV, MG ZS EV)
- Luxury cars (e.g., BMW, Mercedes-Benz)
Benefits of Private Car Insurance
- Legal compliance with motor law
- Protection from financial loss due to damage, theft, or accidents
- Cashless repair at network garages
- Peace of mind while driving or parking in high-risk areas
- Builds customer confidence during resale if well-maintained & insured
- Rewards safe drivers with No Claim Bonus (NCB) of up to 50%
Common Situations Covered
Covers
- Car skids during rain and hits a pole: own damage covered
Your parked car gets vandalized: comprehensive cover helps - You accidentally bump into another car: third-party cover handles external claims
- Car stolen from a secure parking: theft covered under comprehensive policy
- Water enters the engine during floods: claimable under engine protect add-on
What does a private car policy not cover?
The exclusions are:Â Consequential loss, depreciation, wear, and tear, mechanical or electrical breakdown, failure, or breakages. Any damage to tires and tubes unless the vehicle is also damaged at the same and the liability of the insurer will be restricted to 50% of the cost of replacement; and.
Documents Required
- Registration Certificate (RC)
- Previous insurance copy (for renewal)
- PAN/Aadhaar (for KYC if required)
- PUC Certificate
- Driving License (for claim processing)
Premium Factors
- Vehicle type, make, and model
- Engine capacity (CC)
- Vehicle age and Insured Declared Value (IDV)
- Fuel type (Petrol, Diesel, CNG, Electric)
- Zone/region of registration (Metro vs. non-metro)
- Previous claim history (affects NCB)
- Add-ons chosen
