Motor insurance is not just a legal formality; it’s a necessity for vehicle owners in India. Whether you own a car, a two-wheeler, or a commercial vehicle, having the right insurance policy protects you from financial burdens in case of accidents, theft, or damages. With multiple coverage options available, understanding the nuances of motor insurance helps in making informed decisions.

Types of Motor Insurance

Coverage for Different Vehicle Types

Car Insurance

Car insurance in India is designed to offer financial protection for both personal and commercial four-wheelers. Comprehensive policies can include add-ons like zero depreciation cover, engine protection, and roadside assistance to enhance coverage. Given the rising costs of car repairs, having comprehensive coverage can save substantial expenses in case of damage or accidents.

Two-Wheeler Insurance

Two-wheeler insurance ensures coverage for bikes and scooters. Since two-wheelers are more prone to accidents due to their vulnerability on the road, having at least a comprehensive plan is advisable. Long-term policies of up to five years are also available for ease of renewal, ensuring uninterrupted protection without the hassle of yearly renewals.

Electric Vehicle (EV) Insurance

As EV adoption rises in India, insurers now offer dedicated EV insurance plans. These policies account for unique risks such as battery damage, charging equipment coverage, and increased repair costs compared to traditional vehicles. Since EVs come with expensive battery packs, insurance covering battery replacements can be crucial in avoiding hefty repair bills.

Commercial Vehicle Insurance

Businesses relying on transport need commercial vehicle insurance for trucks, taxis, and buses. It covers third-party liability, driver protection, and financial losses due to accidents or operational disruptions. Commercial vehicle insurance is particularly important for logistics and delivery businesses that operate fleets, ensuring minimal downtime and financial loss in case of accidents.

Key Add-ons to Consider

How to Buy Motor Insurance in India

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Commercial Vehicle

Annual Package policy for Goods Carrying / Passenger Carrying vehicles.

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Private Car

Annual package policy&Liability only policy

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Two Wheeler

Annual package policy & Liability only policy

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Related Information

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FAQ

Frequently Asked Questions

Car insurance protects you financially in any event where your car is involved in an accident, damaged, stolen, or causes injury or property damage to others. It’s a legal requirement to have at least third-party insurance in India for a car, but comprehensive coverage can save you from a lot of unexpected expenses. It provides cover for damage to your car, key replacement, personal damage, etc

In India, you'll find three primary types of car insurance policies:

  • Third-party insurance : Required by law, It covers damages to third-party property, bodily injuries, or even fatalities caused by your insured vehicle.
  • Own Damage Car Insurance : Covers damage to your car due to events like natural disasters, theft, or accidents.
  • Comprehensive Car Insurance : For all-around protection, comprehensive insurance is your go-to. It offers wider coverage, including damage to your vehicle, third-party liability, key replacement, and even zero depreciation cover. At Capalin, we can offer you plans tailored to your budget and requirements.
IDV stands for Insured Declared Value, which is essentially the market value of your car after accounting for depreciation. It’s the maximum payout you’ll receive from your insurer in case of a total loss or theft.
Zero depreciation (or bumper-to-bumper cover) ensures that you get the full claim amount for your car parts without any depreciation being deducted. It’s a useful add-on for anyone who wants to avoid paying out-of-pocket for repairs after an accident.
In case of a car accident, file an FIR (if needed), contact your insurer as soon as possible, and take plenty of photos of the scene. The insurer may send an investigator to assess the damages to your vehicle. Avoid fabricating evidence at all costs for a smooth claming process. Claims can be settled either through repairs or total loss compensation.
Another handy add-on of car isnurace is RTI. Return to Invoice (RTI) ensures that, in case of total loss or theft, you receive an amount close to the original invoice value of your car instead of simply the depreciated value of your car.
Your car insurance mostly lasts one year, so it's important to keep tabs on its validity. You can check the status of your car insurance via your insurance provider’s portal or websites like RTO, Parivahan Seva, or IIB by providing registration or policy number of your car.
Renewing your car insurance online is simple. You can contact your current insurance company and inform them about your renewal plans. You can also choose to head over to our website, provide your policy details, and complete the payment process.
Bike insurance covers you against monetary losses from accidents, theft, or damage to your bike. It also includes liability for third-party injuries or property damage caused by your insured bike.
As per the Motor Vehicles Act, third-party bike insurance is mandatory. This covers any kind of property damage or bodily injuries inflicted to the third parties by your bike.

Comprehensive bike insurance policy covers:

  • Damage to your bike due to accidents, fire, or natural disasters.
  • Theft or loss of your bike.
  • Third-party liabilities.
  • Personal accident coverage for the rider.

It also goes one step further and offers add-ons like zero depreciation, roadside assistance, and personal accident coverage.

Zero-depreciation bike insurance ensures you receive the full cost of bike parts without factoring in depreciation. That also means better settlements when you need to repair or replace parts of your bike.
In case your bike gets stolen or severely damaged, first file an FIR and take photos as evidence in the event of a car accident. Notify your insurer, who will then send an investigator if deemed necessary. Once approved, the claim will be then settled based on your bike insurance policy.
You can easily check your bike insurance status online by simply visiting either the government portals or your insurer’s website. You’ll need to enter your registration or policy number.
IDV, or Insured Declared Value, is the current market value of your bike. IIf your bike is stolen or damaged beyond repair after an unfortunate accident, the IDV is what your insurer will pay you, however, after factoring in depreciation.
To ensure your bike is always covered, regularly keep checking the insurance status. You can verify it via your policy document or online using goverments platforms like Parivahan or IIB by entering your vehicle registration number
NCB, or No Claim Bonus, is a sweet reward you get for not making any claims during a policy term. It results in a discount on your premium during renewal; this ensures that safe riders get rewarded. To avail NCB, many policyholders even avoid getting a claim for small wear and tear of their bike.
Commercial vehicle insurance is another type of vehicle insurance. It provides protection for business vehicles like trucks, buses, or taxis. It covers damages to the vehicle, goods, and even passengers in transit.
Third-party liability insurance for commercial vehicles is mandatory under the Motor Vehicles Act. This ensures that any damage or injury caused by your vehicle to others is financially covered.
Passenger Carrying Vehicle (PCV) insurance covers third-party liabilities, but you can always choose to add more coverage for personal accidents, goods in transit, etc. based on your organization needs.
Renewing is easy, you can either do this via your previous insurance provider or through our website; just provide your vehicle and previous policy details.
PCV is for Passenger Carrying Vehicles (buses, taxis, etc.), while GCV is for Goods Carrying Vehicles (trucks, tractors, etc.). Each policy is specifically designed to match the nature of the vehicle’s use.

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