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Car insurance in Mumbai

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Third Party Car Insurance

Home / Car Insurance / Mumbai

In a city like Mumbai, the need for vehicle insurance is all the more essential because of the rising traffic that may lead to the possibility of damages to your car due to accidents. A car insurance policy in Mumbai provides financial compensation in case the insured car gets lost, stolen, or damaged in an unforeseen circumstance. Read on to know more about car insurance in Mumbai and how you can buy or renew car insurance online.

Car insurance plans in Mumbai
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Now, you can purchase or renew car insurance without paperwork or depending on middlemen! You can use ACKO’s digital platforms, such as our website or mobile app, to get your car insured immediately. ACKO has designed different car insurance plans suitable for people living in Mumbai. Have a look.

1. Third-party Insurance
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As a vehicle owner, it is mandatory to own third party insurance while driving a car in India according to the Motor Vehicles Act of 1999. This plan offers financial protection against liabilities if you damage someone else’s car/property or injure someone in an accident.

2. Own Damage (OD) Car Insurance
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Third-party Insurance does not cover you if your vehicle is stolen or damaged in an accident, fire, natural or man-made disaster, etc. For insurance coverage for your car, you should consider buying the Own Damage Insurance Cover along with the mandatory Third-party Insurance.

3. Comprehensive Car Insurance
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Comprehensive Insurance Plan secures you against financial liabilities arising from third-party liabilities, and damages or losses to your car due to theft, accidents, floods, riots, and more. It is better to opt for Comprehensive Insurance for broader insurance coverage for your vehicle and to reduce your financial burden during time of crisis.

Benefits of Buying Car Insurance in Mumbai
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There are several reasons why you should buy car insurance in Mumbai, such as those listed below:

Financial Protection
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A car insurance policy in Mumbai serves as a crucial safety net by covering the costs of repairing or replacing your vehicle if it's damaged in an accident. Thus, offering financial protection in unforeseen circumstances, this insurance policy prevents your savings from draining out during such events.

Third-party Liability Coverage
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It also provides liability protection, essential for safeguarding your finances in case you're held responsible for injuring someone else or damaging their property in a car accident.

According to the Motor Vehicles Act of 1988, having at least third-party car insurance is mandatory whether you are in Mumbai or anywhere else. So, to legally drive your car, you must have a valid car insurance policy. 

Add-ons
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Car insurance policies can also be tailored to fit individual needs and preferences, offering flexibility in coverage limits by opting for different add-ons. Some add-ons you can include in your car insurance policy are No Claim Bonus Protector, Zero Depreciation Cover, Consumables Cover, etc. These add-ons are, however, available at higher premiums.

Inclusions and Exclusions of Car Insurance Policy in Mumbai
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The common inclusions and exclusions of a car insurance policy in Mumbai are: 

Inclusions:

Exclusions:

ACKO Car Insurance Add-on Covers in Mumbai
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Some of the add-ons that you can include while buying a car insurance policy in Mumbai are as follows:

Factors Affecting Car Insurance Premiums in Mumbai 
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Listed below are the factors affecting the car insurance premium in Mumbai:

How To Buy Car Insurance Online in Mumbai
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Listed below are in which you can buy a car insurance policy in Mumbai,

Benefits of Car Insurance Renewal Online in Mumbai with ACKO
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Whether you buy your car insurance policy with ACKO or any other insurer, it is important to renew the plan as it comes with an expiry date. So, here are some of the reasons why you should renew your car insurance policy with ACKO:

Quick Process
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The process to renew a car insurance policy with ACKO is quicker and seamless. You just need to enter a few details and get the policy renewed at your fingertips.
 

Minimal Paperwork
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There is almost zero paperwork required when it comes to renewing ACKO car insurance. You can submit all the required documents online to complete the renewal process.

Abide by Laws
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According to the Motor Vehicles Act, having at least a third-party car insurance policy is important. So, to avoid paying penalties, you need to renew the car insurance policy before its expiry.

How to File a Car Insurance Claim Online at ACKO in Mumbai
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Listed below are the steps you need to follow to file a car insurance claim with ACKO Mumbai

Documents Required for Filing a Car Insurance Claim in Mumbai
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Listed below are some of the documents required to file a car insurance claim in Mumbai:

How to Download Your Car Insurance Policy Copy in Mumbai
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Here is how you can download your car insurance policy in Mumbai:

How to Choose the Best Four-Wheeler Insurance Policy Online in Mumbai
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Listed below are the factors to consider when buying a four-wheeler insurance policy online in Mumbai:

Frequently Asked Questions (FAQs) about Car Insurance in Mumbai
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Here are some common queries and answers about car insurance in Mumbai.

FAQs

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What are the different types of car insurance policies available in Mumbai?

The different types of car insurance you can buy in Mumbai include Comprehensive Car Insurance, Third-party Car Insurance, and Standalone Own-damage car insurance.

How can I buy the best car insurance policy in Mumbai?

To buy the best car insurance policy in Mumbai, you should compare all the policies available and buy it with insurers like ACKO.

What factors must I consider while buying a car insurance policy in Mumbai?

Some factors you need to consider to buy the best car insurance policy in Mumbai include claim settlement ratio, inclusions, exclusions, premium amount, type of policy, etc.

Do I need to renew my car insurance plan in Mumbai?

Yes, you must renew your car insurance policy in Mumbai before expiry.