Car Insurance Hyderabad

The thriving economy in the country has triggered an upward shift in enhancing the lifestyle of Indians. Owning a car is no longer a luxury, especially in the metros. The city of Hyderabad is no different. Backed by rich heritage and fast forwarded by the IT wave, cars of all segments drive the city of nawabs and pearls.

Insuring the car is an integral part of owning one. For many of us, car insurance premiums can be a financial burden. However, benefits of insuring a car translates into peace of mind. It is mandatory as per law. Motor insurance in India continues to be the largest non- life insurance segment with a mammoth share of 47.90 % in 2013/14(source: IRDA).

Almost all leading players in the motor insurance segment offer customised car insurance plans in Hyderabad. Car protection plans offered by insurers in Hyderabad can be broadly classified into two categories. Comprehensive Plan -

The most preferred car insurance plan in Hyderabad is all inclusive. It not only covers the owner, occupants and the car against damages but also shields the insured against liability and costs arising out of injury, death or damage to third party.

Third Party Insurance

Unlike its counterpart, this type of insurance only covers damages to a third party that includes injury, death or damage to property and is mandatory by law across Hyderabad. It offers no self-protection to the insured.

Choosing a comprehensive plan would be a wise decision. Though it comes at a higher premium, it protects you against unanticipated expenses in case of a mishap.

In Hyderabad, you can buy or renew existing car insurance online. Web portals of insurance companies make it easy for you to sign up and buy insurance with minimal documentation.


Keep a track of your existing car insurance expiry date and renew as per timelines prescribed by the insurer. Renewing the cover after expiration may lead to additional costs in terms of inspection of the car by the assessor. This leads to unwanted hassles.

Buying & Renewing Car Insurance Online in Hyderabad

Leading players like Bharti AXA, Bajaj Allianz, ICICI Lombard and others offer tailor made in Hyderabad. Look out for discounts if you’re switching over from a competitor at the time of renewal.

Almost all insurance companies offer car insurance policies online with minimal documentation. Renewal can be done at the click of a button with no paperwork. It’s highly recommended that you compare plans and get quotes from insurers on a neutral marketplace like for best price and offers.

Lookout for the features below when you compare online
  1. Third party liability cover
  2. Personal accident cover
  3. Loss or damage to the insured car
  4. No claim bonus
Add on goodies like
  • Change flat tyre
  • Repair and tow assistance
  • Emergency fuel
  • Lost key/lockout assistance

One term you will often hear, IDV - Insured declared value, is the market value of your car as fixed by the insurer and depreciates every year. The IDV is primarily based on the manufacturers listed price and depreciates year on year.

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

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