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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Explore the ideal insurance cover for your ride
Plan
Bumper to bumper
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.
How it works?
Provide your vehicle details
Get a personalised quote and select vehicle IDV
Get insurance policy instantly
Why do you need Motor Insurance?
Third-Party Safety
Your motor insurance safeguards you against any injuries or accidental death of a third party.
Damage Coverage
Your motor insurance covers repair costs in case of accidents, natural calamities, or vandalism
Financial Security
Provides you with financial protection in case of theft or complete vehicle damage
Choose Cashless Facilities
Enjoy hassle-free cashless repairs at network garages across the country
Stress-Free Living
You get peace of mind as there is comprehensive protection against all unforeseen events
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?
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.
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.
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.
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.
Hassle-Free Process
From policy selection to claim filing, enjoy a hassle-free experience without spam or pushy sales tactics.
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.
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.
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.
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.
Hassle-Free Process
From policy selection to claim filing, enjoy a hassle-free experience without spam or pushy sales tactics.
Top Motor Insurance Plans
Here are a few of the best-selling motor insurance plans with comprehensive coverage —
Factors that affect Motor Insurance Premium
Fuel Type
Vehicles with CNG or electric engines may have slightly different premiums than petrol or diesel vehicles.
IDV
Insured Declared value is the current value of your vehicle. Higher IDV means better coverage but also increases the premium.
Location
Premiums are typically higher in urban areas due to increased traffic density and theft risks than in rural regions.
Types of Coverage
A third-party liability policy has lower premiums but, offers limited coverage while a comprehensive policy has higher premium.
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
Premiums are higher for expensive vehicles, as repair costs are significant. Older vehicles may have lower premiums due to depreciation.
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 Term Insurance
Identity proofAny 1
Address proofAny 1
Vehicle and Insurance relatedAny 1
Love from our customers
Must-Know Facts About Motor Insurance
Protect others, & yourself
It is mandatory to have third-party liability insurance for all vehicle owners in India.
Reward for Safety
Clean driving provides NCB (No Claim Bonus) which can be up to 50% of the basic premium.
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
Compared to third-party liability (only) plans, comprehensive plans provide broader coverage, including own damage, theft, and natural calamities.
Choose cashless facilities
Opt for insurers having the largest network of affiliated garages with cashless facilities.
Customize IDV
Opt for a higher IDV for your old vehicle, but you will need to pay a higher premium.
Avoid Coverage Lapse
Renew your motor insurance before expiration to avoid penalties, lapses in coverage, and losing your NCB benefits.
Upgrade with Add-ons
Always try to enhance your policy with roadside assistance, engine protection, and return-to-invoice cover for comprehensive security.
FAQs
What is motor insurance, and why is it necessary?
What are the different types of motor insurance policies available in India?
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?
What is a No Claim Bonus (NCB), and how does it benefit me?
Can I transfer my motor insurance policy if I sell my vehicle?
What should I do if my motor insurance policy expires?
Are add-on covers necessary, and which ones should I consider?
How do I file a motor insurance claim in case of an accident?