How to Get the Cheapest Car Insurance Online?
To get the lowest car insurance in India, follow these valuable tips:
Compare Car Insurance Quotes
You can easily compare car insurance quotes online through Policybazaar.com. Typically, you can save up to 91%* on your insurance premium, hence getting an affordable car insurance policy for your four-wheeler.
IDV
This is the maximum compensation you can get in case of total loss. A higher IDV can also increase your premium amount. Thus, make sure to choose your IDV wisely.
Voluntary Excess
Say, in case of an accident, you voluntarily agree to pay for the first 5 thousand rupees. Then, this amount can be reduced from your premium. But there can be a problem if your agent does this without informing you. This is what happens quite a bit, so watch out.
No Claims Bonus (NCB)
Please ensure you get the right NCB in car insurance. If you raise a claim during the policy year, you may lose your NCB benefits, thus losing any discount on your future renewal premium.
Cashless Facilities
Most car insurance companies have a cashless settlement process with multiple partners in every city. An insurance broker like Policybazaar.com can guide you regarding which companies have a cashless settlement tie-up with which garage. Also, make sure to look out for cashless garages near your location before purchasing a policy.
Pay as You Drive Car Insurance
If you are an occasional driver, you can also opt for the Pay as you drive car insurance offered by many car insurance companies. This affordable car insurance plan offers you a discount on OD premium based on the number of kilometres driven in a year and your driving behaviour.
Opt for PA Cover
You can also get additional Personal Accident Cover for passengers and drivers with your vehicle insurance plan. This is a great way to insure people who travel in the car with you. It offers a compensation of up to Rs. 15 Lakh in case of death or disability.
Be Truthful
Another crucial tip to get the lowest car insurance is to be truthful in your declarations on the proposal form. This will ensure that your genuine claims will be paid by the insurance company. There is a lot of misinformation in the market. So, get everything in writing or cross-check every piece of information before purchasing a plan. Always drive safely. Never drive under the influence of alcohol. Over time, this will reduce your premium while covering the risk.
Ask For Discounts
Car insurance providers also offer anti-theft discounts, NCB discounts, AAI Membership discounts, voluntary deductibles, etc. So, ask for these discounts while purchasing a low premium car insurance policy.
Car Insurance Rates from Different Car Insurance Companies in India
Let us look at how the car insurance premium for the same car varies for different insurers due to the factors mentioned above.
The table below shows the list of best car insurance companies offering a 1+3 Bundled plan (1-year own damage + 3-year third party) for a brand new Tata Tiago XE Petrol (1199cc) in (2025) New Delhi, India:
| Car Insurance Company | 1+3 Coverage (Without ZD) | Zero Depreciation (ZD) Add-on |
|---|---|---|
| New India Assurance Car Insurance | Rs. 12,117 | Rs. 991 |
| United India Car Insurance | Rs. 12,067 | Rs. 1,427 |
| National Car Insurance | Rs. 11,940 | Rs. 1,956 |
| Oriental Car Insurance | Rs. 12,007 | Rs. 1,057 |
| Car Insurance Company | 1+3 Coverage (Without ZD) | Zero Depreciation (ZD) Add-on |
|---|---|---|
| ICICI Lombard Car Insurance | Rs. 15,634 | Rs. 1,087 |
| Tata AIG Car Insurance | Rs. 13,850 | Rs. 2,423 |
| Bajaj General Car Insurance (Formerly known as Bajaj Allianz Car Insurance) | N/A | N/A |
| Digit Car Insurance | N/A | N/A |
| Cholamandalam Car Insurance | Rs. 20,629 | Rs. 1,087 |
| SBI Car Insurance | N/A | N/A |
| Reliance General Car Insurance | N/A | N/A |
FAQs on Affordable Car Insurance
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Q1. When does car insurance get cheaper for young drivers?
Ans: A car insurance premium can be reduced for young drivers when they drive smoothly and safely. When they drive safely, follow all the traffic rules, have no accidents, and have no claims in the first policy year, the insurer reduces the premium amount at the time of car insurance renewal.
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Q2. How to find affordable insurance for a car online?
Ans: To find affordable insurance for vehicles, calculate insurance premiums using a car insurance premium calculator. You can also compare insurance quotes on Policybazaar.com and find an affordable car insurance policy for your four-wheeler.
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Q3. What is the best way to get cheap car insurance?
Ans: The best way to buy cheap car insurance in India is to compare quotes from multiple insurers. Increase your deductible and remove unnecessary add-ons. Maintain a clean driving record to earn NCB. Moreover, you can opt for PAYD car insurance if you drive less and utilise premium discounts for safe driving.
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Q4. Are antique cars cheaper to insure?
Ans: No. Antique or vintage cars are more valuable than new cars, thus having a higher insurance premium.
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Q5. Are electric cars affordable to insure?
Ans: Since electric cars are more expensive than conventional fuel cars, the electric car insurance premium rates are higher. However, after the recent notification by the IRDAI, there is a 15% discount offered on the premium of electric car insurance.
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Q6. Which auto insurance company provides affordable car insurance in India?
Ans: There are many insurance companies in India that offer car insurance at lower rates. You can compare car insurance quotes at Policybazaar.com and choose the one that offers lower premiums.