Car Insurance
Buy/Renew Car Insurance Policy Online in India, Up to 65% Off
Protect your car with a car insurance policy, so you can drive with peace of mind. You can customize your IDV yourself, along with 11 beneficial add-ons, to suit your car.
So, whether you want to buy/renew a car insurance by Universe or make a claim, everything can be done online with our quick and simple smartphone-enabled processes.
What is Car Insurance?
The purpose of car insurance, also known as auto or motor insurance, is to safeguard you and your car from accidents, thefts, and natural disasters.
This will ensure your financial security in case of any losses incurred due to unforeseen circumstances. Additionally, you will be protected from third-party liability.
Whether you want to comply with the law with the most basic, third party car insurance, or give your car ultimate protection with comprehensive car insurance or own damage insurance, Universe offers you a third-party, comprehensive and own damage car insurance policy at affordable premiums online.
One of the best parts? You can customize your IDV yourself, along with 11 beneficial add-ons to suit your car. So, whether you want to buy/renew a car insurance by Universe or make a claim- everything can be done online with our quick and simple smartphone-enabled processes.
Important Statistics about Car Insurance in India
The average cost of car insurance in India is shaped by numerous factors, such as the type of vehicle, location, age of the car, driving record, and the kind of insurance purchased. Here are some key statistics for car insurance in India:
Why Do You Need a Car Insurance Policy?
Car insurance serves as your financial safety net and is also legally required in India. Here are additional reasons why having a car insurance policy is important:
- Protect Your Pocket from Financial Losses
Whether you choose third-party or comprehensive car insurance, having a policy can save you from substantial expenses in the event of damages or losses due to accidents, natural calamities, fire, theft, and other unforeseen circumstances. Additionally, it helps you avoid hefty traffic fines. - Avoid Problems Due to Third-Party Damages
Accidents can happen to anyone. If you accidentally damage someone’s car or property, your car insurance will cover the costs, sparing you from disputes and financial strain. - Get Better Coverage & Benefits with Add-Ons
Opting for comprehensive car insurance allows you to enhance your coverage with add-ons like zero-depreciation cover, return-to-invoice cover, consumables cover, and breakdown assistance, providing greater protection for your vehicle. - Stay Compliant with the Law
According to the Motor Vehicles Act, all cars must have at least third-party insurance. Without it, you could face a penalty of ₹2,000 for the first offense and ₹4,000 for subsequent offenses. - Save Time
Thanks to technology, with Universe, you can buy car insurance and make claims online in just a few minutes. This not only saves you money but also valuable time.
