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Insurance by Upstox

Motor Insurance
made simpler

Get the best motor insurance for protecting your vehicle and ensuring complete peace of mind.

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By signing up, you agree to receive transaction updates from Upstox or the insurance service provider. We will only call you if we require any further assistance.

Motor Insurance by Upstox

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Explore the ideal insurance cover for your ride

Calculate insurance
Calculate your ideal coverStart by adding your vehicle numberAdd your vehicle no.
OUR TOP PLANS

Plan

Bumper to bumper

Go Digit

Go Digit

Go Digit Motor Insurance
Settlement ratio96%
Garages6k+
Premium₹₹
top
TATA AIG

TATA AIG

TATA AIG Motor Insurance
Settlement ratio99%
Garages5k+
Premium₹₹
top
SBI

SBI

SBI Motor Insurance
Settlement ratio98%
Garages7k+
Premium₹
top
ICICI Lombard

ICICI Lombard

ICICI Lombard
Settlement ratio96.75%
Garages6k+
Premium₹₹₹
top

Motor Insurance does way more than shielding your vehicle

Mumbai monsoons or Bengaluru traffic, both can take a toll on your vehicle— and your wallet. Protect it with Motor Insurance! It’s mandatory and safeguards against accidents, theft, and damages, while also offering third-party and life cover plus cashless repairs.

Affordable PremiumsComprehensive coverageCashless Repairs

How it works?

shield

Provide your vehicle details

shield

Get a personalised quote and select vehicle IDV

shield

Get insurance policy instantly

Importance of Motor Insurance

Why do you need Motor Insurance?

If you have a vehicle (car or bike) in India, you must have a valid motor insurance policy. It protects you, your vehicle, and third parties involved in an accident.
COVERAGE & PROTECTION
Third-Party Safety

Third-Party Safety

Your motor insurance safeguards you against any injuries or accidental death of a third party.

Damage Coverage

Damage Coverage

Your motor insurance covers repair costs in case of accidents, natural calamities, or vandalism

Financial Security

Financial Security

Provides you with financial protection in case of theft or complete vehicle damage

BENEFITS & COMPLIANCE
Choose Cashless Facilities

Choose Cashless Facilities

Enjoy hassle-free cashless repairs at network garages across the country

Stress-Free Living

Stress-Free Living

You get peace of mind as there is comprehensive protection against all unforeseen events

Legal Requirement

Legal Requirement

As per the Motor Vehicles Act, it is mandatory to have motor insurance with third-party protection

Why choose Upstox for your Motor Insurance?

At Upstox, we understand the importance of protecting your vehicle and helping you drive worry-free. With our experience in financial planning and technology, we help you find motor insurance tailored to your needs.

Upstox’s Motor Insurance Calculator

Based on your vehicle’s value, age, and usage, we provide ideal coverage that protects you against any over or under-insurance.

Upstox’s Motor Insurance Calculator

Trusted Insurance Partners with Large Networks

Partnering with India’s top motor insurers, we offer high claim settlements, affordable vehicle premiums, and a vast workshop network for hassle-free repairs.

Trusted Insurance Partners with Large Networks

Comprehensive Coverage

Choose from third-party liability, own damage, and comprehensive coverage. Enhance protection with add-ons like zero depreciation, engine protection, key protection and roadside assistance.

Comprehensive Coverage

Custom Vehicle Plans

Whether you own a car, bike, or commercial vehicle, we help you pick the perfect plan with features specific to your requirements.

Custom Vehicle Plans

Hassle-Free Process

From policy selection to claim filing, enjoy a hassle-free experience without spam or pushy sales tactics.

Hassle-Free Process

Upstox’s Motor Insurance Calculator

Based on your vehicle’s value, age, and usage, we provide ideal coverage that protects you against any over or under-insurance.

Upstox’s Motor Insurance Calculator

Trusted Insurance Partners with Large Networks

Partnering with India’s top motor insurers, we offer high claim settlements, affordable vehicle premiums, and a vast workshop network for hassle-free repairs.

Trusted Insurance Partners with Large Networks

Comprehensive Coverage

Choose from third-party liability, own damage, and comprehensive coverage. Enhance protection with add-ons like zero depreciation, engine protection, key protection and roadside assistance.

Comprehensive Coverage

Custom Vehicle Plans

Whether you own a car, bike, or commercial vehicle, we help you pick the perfect plan with features specific to your requirements.

Custom Vehicle Plans

Hassle-Free Process

From policy selection to claim filing, enjoy a hassle-free experience without spam or pushy sales tactics.

Hassle-Free Process

Top Motor Insurance Plans

Here are a few of the best-selling motor insurance plans with comprehensive coverage —

SBI

SBI

SBI Motor Insurance
Claim Settled98%
Cashless Network7k+
Add-on optionEngine protection, Zero Depreciation, Roadside Assistance
top
TATA AIG

TATA AIG

TATA AIG Motor Insurance
Claim Settled99%
Cashless Network5k+
Add-on optionEngine protection, Zero Depreciation, Roadside Assistance
top
ICICI Lombard

ICICI Lombard

ICICI Lombard
Claim Settled96.75%
Cashless Network6k+
Add-on optionEngine protection, Zero Depreciation, Roadside Assistance
top

Factors that affect Motor Insurance Premium

Motor insurance is all about the vehicle condition, age, and the add-ons you wish to include in your policy.
Fuel Type
Fuel Type

Fuel Type

Vehicles with CNG or electric engines may have slightly different premiums than petrol or diesel vehicles.

IDV
IDV

IDV

Insured Declared value is the current value of your vehicle. Higher IDV means better coverage but also increases the premium.

Location
Location

Location

Premiums are typically higher in urban areas due to increased traffic density and theft risks than in rural regions.

Types of Coverage
Types of Coverage

Types of Coverage

A third-party liability policy has lower premiums but, offers limited coverage while a comprehensive policy has higher premium.

Driving History
Driving History

Driving History

A clean driving record with no prior claims can earn you a No Claim Bonus (NCB) , reducing your premium.

Model & Age of Vehicle
Model & Age of Vehicle

Model & Age of Vehicle

Premiums are higher for expensive vehicles, as repair costs are significant. Older vehicles may have lower premiums due to depreciation.

Selected Add-ons
Selected Add-ons

Selected Add-ons

Additional covers like zero depreciation, engine protection, or roadside assistance enhance your policy but come at an extra cost.

Documents needed to buy Motor Insurance

Here is what you must keep handy while buying motor insurance from Upstox.
life insurance importance
Identity proofAny 1
PANPassportVoter IDAadhaar Card
life insurance importance
Address proofAny 1
PassportVoter IDAadhaar CardProperty tax receiptElectricity, phone, gas or water bills not older than 2 months
life insurance importance
Vehicle and Insurance relatedAny 1
Vehicle Registration Certificate (RC)Pollution Under Control (PUC) CertificateInvoice of the vehicle (for new purchases)Previous insurance policy document (if applicable)No Claim Bonus (NCB) certificate (if transferring insurance)A valid and updated driving license is mandatory

Documents needed to buy Motor Insurance

Keep any one accepted document ready for each proof.
ac-icon

Identity proofAny 1

Plus
PANPassportVoter IDAadhaar Card
ac-icon

Address proofAny 1

Plus
PassportVoter IDAadhaar CardProperty tax receiptElectricity, phone, gas or water bills not older than 2 months
ac-icon

Vehicle and Insurance relatedAny 1

Plus
Vehicle Registration Certificate (RC)Pollution Under Control (PUC) CertificateInvoice of the vehicle (for new purchases)Previous insurance policy document (if applicable)No Claim Bonus (NCB) certificate (if transferring insurance)A valid and updated driving license is mandatory

Love from our customers

Here is what our customers feel about buying insurance from Upstox

Buying motor insurance through Upstox was quick and hassle-free. Their comparison tool helped me choose the best plan for my car in minutes!

Ankit MehraPurchased HDFC ERGO Motor Insurance

The team at Upstox ensured I got the right add-ons like zero depreciation and roadside assistance for my bike. Their guidance was invaluable!

Priya MalhotraOpted for Tata AIG Auto Secure Policy

Renewing my car insurance was a breeze with Upstox. They transferred my No Claim Bonus seamlessly, and I got a great deal!

Rohan KapoorRenewed ICICI Lombard Car Insurance

Buying motor insurance through Upstox was quick and hassle-free. Their comparison tool helped me choose the best plan for my car in minutes!

Ankit MehraPurchased HDFC ERGO Motor Insurance

The team at Upstox ensured I got the right add-ons like zero depreciation and roadside assistance for my bike. Their guidance was invaluable!

Priya MalhotraOpted for Tata AIG Auto Secure Policy

Renewing my car insurance was a breeze with Upstox. They transferred my No Claim Bonus seamlessly, and I got a great deal!

Rohan KapoorRenewed ICICI Lombard Car Insurance

Must-Know Facts About Motor Insurance

Before buying or renewing motor insurance, here are some important points to consider —
Protect others, & yourself

Protect others, & yourself

It is mandatory to have third-party liability insurance for all vehicle owners in India.

Reward for Safety

Reward for Safety

Clean driving provides NCB (No Claim Bonus) which can be up to 50% of the basic premium.

Maximize your Claim

Maximize your Claim

Consider zero depreciation if you are eligible for it as you can claim the full cost of replacing damaged parts without considering depreciation.

Beyond Third-Party

Beyond Third-Party

Compared to third-party liability (only) plans, comprehensive plans provide broader coverage, including own damage, theft, and natural calamities.

Choose cashless facilities

Choose cashless facilities

Opt for insurers having the largest network of affiliated garages with cashless facilities.

Customize IDV

Customize IDV

Opt for a higher IDV for your old vehicle, but you will need to pay a higher premium.

Avoid Coverage Lapse

Avoid Coverage Lapse

Renew your motor insurance before expiration to avoid penalties, lapses in coverage, and losing your NCB benefits.

Upgrade with Add-ons

Upgrade with Add-ons

Always try to enhance your policy with roadside assistance, engine protection, and return-to-invoice cover for comprehensive security.

faq-logo

FAQs

What is motor insurance, and why is it necessary?

Plus
Motor insurance provides financial protection against losses or damages to your vehicle and third-party liabilities arising from accidents, theft, or natural disasters. In India, it is legally mandatory to have at least third-party liability insurance to drive on public roads.

What are the different types of motor insurance policies available in India?

Plus

In India, the primary types of motor insurance policies are:

  • Third-Party Liability Insurance: Covers legal liabilities for injuries or damages caused to a third party.
  • Comprehensive Insurance: Provides extensive coverage, including third-party liabilities and damages to your own vehicle due to accidents, theft, or natural calamities.

How is the premium for motor insurance determined?

Plus
Premiums are calculated based on factors such as the vehicle's make and model, age, Insured Declared Value (IDV), geographical location, type of coverage, add-on covers, and the policyholder's driving history.

What is a No Claim Bonus (NCB), and how does it benefit me?

Plus
A No Claim Bonus (NCB) is a discount on the premium awarded for each claim-free year. It rewards safe driving and can significantly reduce your premium over time.

Can I transfer my motor insurance policy if I sell my vehicle?

Plus
Yes, you can transfer your motor insurance policy to the new owner of the vehicle. It's essential to inform the insurance company and complete the necessary documentation to ensure a smooth transfer.

What should I do if my motor insurance policy expires?

Plus
If your policy expires, renew it at the earliest to avoid driving without coverage, which is illegal. Some insurers offer a grace period, but it's advisable not to delay renewal to maintain continuous protection.

Are add-on covers necessary, and which ones should I consider?

Plus
Add-on covers enhance your policy by providing additional protection. Common add-ons include Zero Depreciation Cover, Roadside Assistance, Engine Protection, and Consumables Cover. Assess your needs and vehicle usage to determine which add-ons are beneficial for you.

How do I file a motor insurance claim in case of an accident?

Plus
In the event of an accident, inform your insurance company immediately. Provide necessary documents such as the claim form, FIR (if required), and photographs of the damage. The insurer will guide you through the claim process, including vehicle inspection and repairs.
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