Money Bharat Vehicle Insurance - Protection for Your Valuable Assets
Get the best insurance for your car, bike, or commercial vehicle with affordable premiums and hassle-free claims. Protect against natural disasters and more.
General Insurance Solutions
Choose the right coverage based on your asset type and specific requirements
Car Insurance
Complete protection for your car against accidents, theft, natural disasters, and third-party liability.
Two-Wheeler Insurance
All-inclusive coverage for your bike against damages, theft, and third-party liability.
Commercial Vehicle Insurance
Specialized coverage for commercial vehicles including goods carriers, taxis, and fleet vehicles.
Natural Disaster Coverage
Protection against damages caused by floods, earthquakes, storms and other natural calamities.
Travel Insurance
Coverage for domestic and international trips, including medical emergencies and trip cancellations.
Electric Vehicle Insurance
Tailored coverage for electric vehicles with special considerations for battery and charging equipment.
Factors That Affect Vehicle Insurance Premium
Understanding these key factors can help you optimize your insurance costs while maintaining adequate coverage.
Vehicle Age
Older vehicles typically have higher premiums due to increased risk of breakdown and parts availability.
Insured Declared Value
The current market value of your vehicle determines the maximum amount insurable and affects premiums.
No Claim Bonus
Discounts of up to 50% for claim-free years that reduce your premium significantly over time.
Engine Capacity
Higher engine capacity or cubic capacity (CC) vehicles attract higher premium rates.
Registration Location
Vehicle registration zone (urban vs. rural) affects premium as risk factors vary by location.
Claim History
Previous claims affect future premiums; more claims generally result in higher premium amounts.
Key Features of Vehicle Insurance Policy
These essential features provide comprehensive protection for your vehicle and financial security for you.
Own Damage Coverage
Covers damages to your own vehicle due to accidents, theft, fire, natural disasters, and man-made calamities.
Third-Party Liability
Mandatory coverage that protects against financial liability for injuries or damages caused to third parties.
Personal Accident Cover
Provides compensation in case of accidental death or permanent disability of the vehicle owner-driver.
Cashless Claims
Get your vehicle repaired at network garages without paying out of pocket, as the insurer settles bills directly.
24/7 Roadside Assistance
Emergency services like towing, battery jump-start, fuel delivery, and minor repairs at the breakdown location.
No Claim Bonus
Progressive discount of up to 50% on premiums for each claim-free year, transferable between insurers.
Zero Depreciation Cover
Optional add-on that waives the depreciation deduction on replaced parts during claim settlement.
Passenger Coverage
Protection for passengers traveling in your vehicle in case of accidents and injuries.
Vehicle Insurance Eligibility Criteria
Check if your vehicle qualifies for insurance coverage and what factors determine eligibility
Vehicle Ownership
You must be the registered owner of the vehicle or authorized by the owner to purchase insurance.
Note: Registration certificate is mandatory
Valid Registration
The vehicle must have a valid registration certificate issued by the Regional Transport Office (RTO).
Vehicle Age
For comprehensive coverage, most insurers accept vehicles up to 10-15 years old. Third-party has no age limit.
Note: Older vehicles may have limited options
Vehicle Inspection
For used vehicles or policy renewals after expiry, a physical inspection may be required.
Commercial Usage
For commercial vehicles, valid permit and commercial registration are required.
Note: Additional documents for commercial vehicles
Exclusions
Vehicles with major modifications, or those used for illegal purposes are not eligible for insurance.
Note: Disclose all modifications
Vehicle Insurance Add-on Options
Enhance your basic vehicle insurance policy with these optional add-ons for comprehensive protection
Zero Depreciation Cover
Eliminates the depreciation deduction on vehicle parts during claim settlement, ensuring full claim amount.
Approximate cost: +15-20% of base premium
Roadside Assistance
24/7 emergency services including towing, battery jump-start, fuel delivery, and on-spot repairs.
Approximate cost: +5-10% of base premium
Engine Protection Cover
Covers damages to the engine due to water ingression or oil leakage, which are typically excluded.
Approximate cost: +10-15% of base premium
NCB Protection
Preserves your No Claim Bonus even after making a claim, safeguarding your accumulated discount.
Approximate cost: +10-15% of base premium
Return to Invoice
Covers the difference between the insured value and the invoice value in case of total loss or theft.
Approximate cost: +10-20% of base premium
Passenger Cover
Provides personal accident coverage for passengers traveling in your vehicle.
Approximate cost: +5-10% of base premium
Vehicle Insurance Claims Process
Follow these simple steps to file and settle your vehicle insurance claim efficiently
1Notify Your Insurer
Contact your insurance company immediately after the incident through their helpline, mobile app, or website.
2File a Claim
Submit the claim form with details of the incident, policy number, and vehicle information.
3Vehicle Inspection
The insurance surveyor will inspect your vehicle to assess the damage and estimate repair costs.
4Submit Documents
Provide necessary documents like RC, driving license, police FIR (if applicable), and repair estimates.
5Claim Approval & Settlement
Once approved, the insurer will settle the claim either directly with the garage or reimburse you.
Documents Required for Vehicle Insurance
Keep these documents handy when purchasing, renewing, or claiming your vehicle insurance
Basic Documents
- •Vehicle Registration Certificate (RC)
- •Valid Driving License
- •Vehicle Insurance Policy (for renewals)
- •PAN Card or Form 60
- •Address Proof (Aadhaar/Passport/Voter ID)
For New Policy
- •Vehicle Invoice (for new vehicles)
- •Previous Insurance Policy (if any)
- •No Claim Bonus Certificate (if applicable)
- •Form 29/30 (for used vehicles)
- •Vehicle Inspection Report
For Claim Processing
- •Duly Filled Claim Form
- •Copy of FIR (for theft/third-party damage)
- •Original Repair Bills and Payment Receipts
- •Photographs of Damaged Vehicle
- •Medical Reports (for personal accident claims)
For Commercial Vehicles
- •Permit Certificate
- •Fitness Certificate
- •Route Permit
- •Commercial Registration Documents
- •Driver's Badge
For Policy Transfer
- •No Objection Certificate
- •Form 28, 29, and 30
- •Transfer Fee Receipt
- •New Owner's ID and Address Proof
- •Joint Declaration (old and new owner)
Special Cases
- •CNG/LPG Kit Certificate (if installed)
- •Custom Modification Approvals
- •NOC from Financier (for financed vehicles)
- •Death Certificate (for vehicle ownership transfer)
- •Canceled Cheque (for claim reimbursement)
IDV Calculator
Calculate the Insured Declared Value (IDV) of your vehicle to understand your insurance coverage amount
Vehicle IDV Calculator
IDV is the maximum sum insured fixed by the insurer, calculated based on the manufacturer's listed selling price minus depreciation.
Frequently Asked Questions
Get answers to common questions about vehicle insurance policies, claims, and coverage
Drive with Complete Peace of Mind
Get comprehensive vehicle insurance coverage at competitive rates. Protect your vehicle against accidents, theft, and more.