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Car Insurance Tips - When Not to Claim your Insurance Policy

One of the central tenets of getting a car insurance policy is to feel comfortable in the knowledge that, when faced with damage or loss of your car, a simple claim on your insurance policy can potentially make the problem go away. Car insurance claim is supposed to be your first and most formidable defense against probable financial liabilities arising from any damage endured by your car, or the total loss of your cherished vehicle through theft or natural/man-made causes.

However, sometimes, raising a claim on your insurance policy might not be the best or most sensible thing to do. Whilst avoiding the ‘designated back-up plan’ could cost you some money, the long term benefits definitely weigh in the favor of not hitting the claim button at the very first instance. Relax, understand the situation and decide if the current problem deserves the involvement of your car insurance company. In essence, you must avoid raising a claim on your insurance policy for the following situations-

When Repairs are Minute and Can be Sorted out Quickly

A scratch, a broken headlight, mirror damage, minor paintjob, etc. are simple issues that can be effectively sorted out quickly and with little monetary inputs. These must be sorted personally without involving the insurer. Your insurance company attaches great significance to the number of claims you raise- the lesser the claims, the easier it is for the insurer to brand you a responsible driver and all the associated metrics will work in your favor. Plus, the policy premium amounts will not fluctuate and remain steady and predictable.

...Save the No Claim Bonus (NCB)

Your car insurance company rewards you with a No Claim Bonus (NCB) when you don’t raise a claim through a specified duration of time. If the cost of repairs involving your vehicle is substantially less than the applicable NCB amount, it makes sense to avoid registering a claim and lose a larger chunk of money in the form of the NCB at a later date.

Let the Third Party Pay for Everything…

If your vehicle was involved in an accident and suffered substantial damage, there are definitely only three succeeding options before you-

  1. Raise a claim on your insurance policy
  2. Pay for the damages from your own pocket
  3. File a third party insurance claim. Whilst the first two options will cost you money or perks from your insurer, they are essentially inevitable if the accident was caused by you. However, if the accident was caused by the other driver, option (3) makes the best sense. Third party insurance claim will avoid the financial liability from falling on your own shoulders, while keeping your unblemished track record with the insurance company intact and paying for the vehicle’s repairs.

Concluding , as the popular adage goes, 'with great power comes great responsibility’. A well equipped and professionally managed is definitely a great power that calls for immense responsibility. When the simple car insurance claim is your first line of defense against a costly bill, and a definite cause for complete peace of mind, it pays to use this option wisely.

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

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Car Insurance Tips - When Not to Claim your Insurance Policy Reviews

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  • HDFC Ergo Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    HDFC ERGO given me a third party insurance and for one time, they have charged me only 6K. The policy validity is 4 years. Its a zero dep policy. Its good but I don't have claim experience. I have received the insurance paper through post. Overall good.
    Was this review helpful? 0
    , pune
    Reviewed on Oct 08, 2019
  • New India
    New India Car Insurance
    "Good Policy"
    0.5 2.0/5 "Expected more"
    My car insurance was taken from New India because the car dealer has provided me this policy. I had paid the premium amount of Rs. 33000 and this policy gives me a coverage of 100%. My claim experience is good and they had processed the claim in 24 hours.
    Was this review helpful? 0
    , bhopal
    Reviewed on Oct 04, 2019
  • United India Car Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I have Hyundai car which is more than 18years, United India is charging me insurance fee around 3500rupees for one year policy. They are sending the insurance paper on time. Its a third party insurance. The claim is not applicable. IDV is less which can be better.
    Was this review helpful? 0
    , palakkad
    Reviewed on Sep 29, 2019
  • Reliance General Car Insurance
    "Easy and Good policy"
    0.5 5.0/5 "Blown Away!"
    I am having a car insurance from Reliance. When i met the accident, i sent a photo to them and the executive came to the place and they took the photo and they have provided me a claim amount of Rs. 1.50 lakhs but the total damage is Rs. 2.5 lakhs. They have given me a claim in 45 days.
    Was this review helpful? 0
    , erode
    Reviewed on Sep 24, 2019
  • United India Car Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    Currently I taken car policy from United India by paying the premium around Rs.14,000 for per annum for my toyoto car. It has bumper to bumper zero depreciation plan and they do have road side assistance, break down service, 24 hours service. The customer service is good interms of reminder. alerts.
    Was this review helpful? 0
    , vijayawada
    Reviewed on Sep 20, 2019
  • Iffco Tokio Car Insurance
    "Need improvement on the cash garages"
    0.5 4.0/5 "Great!"
    In 2017 I used Iffco Tokiyo for the car protection, the premium cost was economical. But they don't have cash less garages for certain demise hence I have moved other insurance company. The online option is very good for renewal and other purpose.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • Iffco Tokio Car Insurance
    "Need improvement on the cash garages"
    0.5 4.0/5 "Great!"
    In 2017 I used Iffco Tokiyo for the car protection, the premium cost was economical. But they don't have cash less garages for certain demise hence I have moved other insurance company. The online option is very good for renewal and other purpose.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • New India Car Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    For my Honda city car I took New India assurance, I used to pay Rs. 21,000 per annum they gave me insured value upto 70 to 75%. I got bumper to bumper zero depreciation it has the cash garages. There is no claim experience so far, the renewal process is very easy through online.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • ICICI Lombard Car Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have chosen ICICI Lombard for a car insurance because am holding a salary account and the services are good. I got a first party insurance. I am having Maruti Suzuki Zen which is 8 years old. The IDV value is better. The policy is valid for one year and paid premium of Rs.2,500.
    Was this review helpful? 0
    , visakhapatnam
    Reviewed on Sep 17, 2019
  • SBI General Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    My car is insured with SBI General because its easy to renewal and main thing is the premium is not so high. The customer service is not so good and would suggest them to improve the service. I had a claim and the experience was average. The policy is valid upto 3 years.
    Was this review helpful? 0
    , faridabad
    Reviewed on Sep 17, 2019
  • Oriental Insurance Car Insurance
    "Good for car protection"
    0.5 5.0/5 "Blown Away!"
    I have maruthi 800 car which has the four wheeler policy of Oriental Insurance, my premium was around Rs. 8.000 for specific period. I took bumper to bumper with 100% of coverage, the renewal process is very easy. I usually visit to the Oriental branch, I used to get the policy copy. They do have road side assistance, 24 hours service etc.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 14, 2019
  • Chola Ms Car Insurance
    "No claim Experience"
    0.5 3.0/5 "Satisfactory"
    I have taken car insurance from Cholamandalam insurance. They have financed for my vehicle hence they have provided the policy from them. Long back, i have renewing the policy with the same company. They have provided me a coverage value of Rs. 2,5 lakhs and i do not have any claim experience till now.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 14, 2019
  • National Insurance Car Insurance
    "Good Experience"
    0.5 5.0/5 "Blown Away!"
    In 2016, I had a car insurance with National Insurance, at the time I done a claim because my car front bumper got damaged, hence I got the cashless garage option then within 2 to 3 days I got my car back with proper condition, it was also good insurance company.
    Was this review helpful? 0
    , panipat
    Reviewed on Sep 13, 2019
  • HDFC Ergo Car Insurance
    "Good Protection "
    0.5 5.0/5 "Blown Away!"
    Currently I have car insurance with HDFC Ergo, I paid the premium around Rs. 10,000 for one year plan, it gives bumper to bumper protection for my 2015 maruthi wagon R car, they are providing good IDV value based on manufacturing year. The renewal process was happened easily through the dealer.
    Was this review helpful? 0
    , panipat
    Reviewed on Sep 13, 2019
  • ICICI Lombard Car Insurance
    "Good for car policy"
    0.5 4.0/5 "Great!"
    I have four wheeler policy with ICICI Lombard, the premium is based on the claim or else its reliable. They do have third party insurance, road side assistance, 24 hours, I got the cashless claim when I met with an accident but they covered 50% of plastic only remaining amount I paid it.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 10, 2019
  • United India Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    United India renewal process is very easy and they give reminder call before the due date. I paid Rs.7800 for per annum for my bumper to bumper plan, they are providing road side assistance, 24 hours. They do have no claim bonus for my renewal. The service is prompt I able to reach them at any time.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 09, 2019
  • Future Generali Car Insurance
    "Best policy for car"
    0.5 5.0/5 "Blown Away!"
    Future Generali premium cost is affordable and also they gave me best insured value based on my Alto 2016 model car. They do have road side assistance, 24 hours service, break down service, they used to give no bonus claim upto 20% whenever I go for renewal.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 09, 2019
  • HDFC Ergo Car Insurance
    "Good Claim Process"
    0.5 5.0/5 "Blown Away!"
    I do have car insurance from HDFC Ergo, I believe the last year premium was Rs. 27,000 for per annum, its a comprehensive plan which has the personal accident cover as well, they do have road side assistance, 24 hours service, break down service. When my car met with the accident I got the cash garages, I left the car in Honda service center within week time I got my car back.
    Was this review helpful? 0
    , lucknow
    Reviewed on Sep 07, 2019
  • ICICI Lombard Car Insurance
    "Not at all satisfactory"
    0.5 1.0/5 "Really Bad"
    I had a very bad experience with ICICI LOMBARD so am not interested to continue my car policy with them. When I bought my car and got this policy. When I went with claim for minor accident, they have been saying only these things will be covered and some is not included.
    Was this review helpful? 0
    , mumbai
    Reviewed on Sep 06, 2019
  • National Insurance Car Insurance
    "Extremely satisfied"
    0.5 5.0/5 "Blown Away!"
    My car is insured with National Insurance which am very happy. I have been sticking with this insurer for last 10 years and all my car's are insured here. I opted for third party insurance and the premium is affordable. The claim process was done properly and the services are great.
    Was this review helpful? 0
    , mumbai
    Reviewed on Sep 06, 2019
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