Best Car Insurance in Mumbai:
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PolicyBachat aims to provide unbiased comparison of car or motor insurance quotes from different insurance companies to its customers. We are working hard to provide the best quotes to our customers in these turbulent times of Covid-19, we are here to ensure that most of the people purchase their insurance by sitting at home through our website while we do the background work to provide the best quotes from different insurance companies.
Mumbai is the largest city of Maharashtra and is the biggest city in India. There are an estimated of 11 million cars which are plying on the roads of the Financial capital of India. The number of vehicles in Mumbai is high which leads to frequent traffic congestions in the city and the time taken to travel from one place to another increases during monsoon season. With 510 private cars every kilometre, Mumbai is the most car-congested city in India, ahead of cities like Pune, Kolkata and national capital Delhi.
Mumbai is a densely populated city and the population is increasing in the recent years due to various reasons such as it being the State capital and many companies having their head offices here. As per the records each day Mumbai adds at least 1000 vehicles which are being registered in the city alone and there are many other vehicles which are registered outside the city limits but are used in the city.
Cheap Car Insurance in Mumbai:
Mumbai is the costliest city to live when compared to any other city in India and the car insurance prices in Mumbai are also on the higher end. The cheap car insurance prices in Mumbai are that of the only Third party insurance premiums from different insurance companies where the third party claims are covered. Third party claims such as bodily injury or death of third party persons and property damage of third parties is covered under your car insurance policy.
Here are the cheap car insurance premium quotes in Pune for a Hyundai i20, 2017 manufactured, fuel used is petrol, 1200 cubic capacity, 5 seater and registered under Mumbai RTO. The rates for the other cities in Maharashtra would be slightly lower than that of the Mumbai due to the other cities being classified under Zone B, while Mumbai comes under Zone A.
Cheapest Companies
Premium
Digit
3801
Future Generali
3801
SBI General
3801
National
3801
United India
3801
IFFCO TOKIO
3801
Note: The cheapest car insurance premium mentioned is for only Third party car insurance premium also known as the Mandatory car insurance premium.
Best Car Insurance in Mumbai:
The Best car insurance premium quotes in Mumbai are rated solely on the basis of premium offered by the insurance company. The best car insurance premium quotes given are purely for the purpose of understanding and the final decision should be taken by customer on the basis of his/her requirements.
The best car insurance premium quotes in Mumbai for a Hyundai i20, 2017 manufactured, fuel used is petrol, 1200 cubic capacity, 5 seater and registered under Pune RTO. The rates for the other cities in Maharashtra would be slightly lower than that of the Mumbai due to the other cities being classified under Zone B, while Mumbai comes under Zone A.
Cheapest Companies
IDV
Premium
IFFCO TOKIO
3,62,185
5949
Bharti AXA
3,69,965
7084
TATA AIG
3,00,000
5834
Liberty General
3,02,586
5852
New India
3,45,150
6475
Digit
3,00,000
7868
*Premiums given are for illustration purpose only* Please refer to website for exact premium.
FAQ’s- Car Insurance in Mumbai:
- Is Car Insurance mandatory in Mumbai?
As per the Motor vehicles act, 1938 third party car insurance is mandatory to drive your car in public places in Mumbai. If you are found driving without valid third party insurance you can be fined up to Rs.5000 or up to 3 months of imprisonment or both. There would be regular traffic checks conducted by the respective authorities in Mumbai city to ensure that there are no cars plying without valid car insurance policy. The Car Insurance Policy can be purchased instantly for any person residing in Mumbai from our portal.
- Which is the best car insurance company in Mumbai?
The best car insurance company in Mumbai can be found On Our Portal. The term best differs from one person to another, some may consider cheap insurance as best while some may consider highest coverage insurance as best. For understanding the best car insurance company in Mumbai please read the article General Insurance Companies.
- Bumper to bumper car insurance policy in Mumbai
Bumper to bumper car insurance or Nil depreciation or Zero depreciation is an add-on available in the car insurance policy on payment of extra premium. The bumper to bumper car insurance may be available up to 5 years of age from most of the general insurance companies while there are few insurance companies which provide the add-on for cars aged up to 10 years. Customers can check this on our website or talk to our agent to find out the insurance companies offering bumper to bumper cover for vehicles aged more than 5 years.
- What happens if I drive without car insurance in Mumbai?
If you are caught driving without valid car insurance policy, you can be fined up to Rs.5000 and/ or up to 3 months imprisonment or both. Driving without valid insurance in a metropolitan city like Mumbai is the highest risk anyone can take while driving their car as the accident ratio in Mumbai is high compared to any other city in Maharashtra.
- Can I take insurance in Mumbai and drive in other cities in India?
Insurance taken in Mumbai is valid and you can drive your vehicle in any part of India as per the Motor vehicles act. Every insurance company tied up with us has a pan India presence and have ensured to have enough number of cashless garages as network tie-ups to provide cashless claims to our customers. Insurance policy taken in Mumbai is valid all India and any kind of claim can be reported to the insurance company on their toll free number stating the location of accident and other damage details to ascertain the loss and thereby settle the claim of the customer.