Motor Insurance 

A vehicle insurance policy comes with several features that can be beneficial for the policyholder. Here are some features that you should know:

• You can purchase motor insurance online on Policybazaar.com in a hassle-free manner. Simply choose the plan for yourself after comparing quotes from the right motor insurance companies.

• You can also buy vehicle insurance online from the comfort of your home.

• You can add or remove any particular add-on as per your requirement. Add-ons are optional covers that you can purchase to enhance the coverage of your motor insurance policy.

• Motor insurance not only covers damages from an accident but also theft, natural calamity, fire, vandalism, and manmade disasters.

• You can also raise a cashless claim against your motor insurance. Under this, you can get your vehicle repaired in a network garage without paying out of your pocket.

• Motor insurance also has a No Claim Bonus (NCB) feature. It is the discount on your premium you get from your insurer if you don't make any claims during the policy year.​

Types of Motor Insurance

Motor vehicle insurance can be broadly classified under below heads:

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• Car Insurance -  Car insurance gives coverage against damages to your own car from accidents, fire, natural calamities and other unforeseen events. It also covers third party liabilities caused in an accident involving the insured car. While choosing car insurance, you should always compare policy premiums offered by various insurers to get the best deal. The premium amount would majorly depend on the car’s make & value, the state of registration, and its manufacturing year.

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• Bike Insurance - Two wheeler insurance or bike insurance provides financial and legal protection to bikes and scooters. It covers two-wheelers against own damages such as accidents, fire, theft, etc. Additionally, it includes any accidental loss caused to the third-person or property. Similar to car insurance, a two-wheeler policy's premium depends on the bike's age, make & model, registration year, etc.

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• Commercial Vehicle Insurance - Commercial vehicle insurance helps all commercial vehicle drivers reduce expenses they might incur from accidental damages to their vehicles. It covers all commercial vehicles, such as goods-carrying vehicles, trucks, auto-rickshaws etc., from unforeseen damages like theft, fire, collisions, and third-party damages.