Motor insurance is an insurance policy designed for four-wheelers, commercial trucks, two-wheelers, and other road vehicles. It has been made mandatory for all vehicles such as cars, bikes, scooters, and trucks that are plying on the roads in India. Vehicle owners are required to avail motor insurance even for commercial vehicles as well. Nowadays, you can get vehicle insurance online and pay the policy premium as well.

A vehicle insurance policy comes with several features that can be very beneficial for the policyholder. Here are some features that you should know:

• You can purchase motor insurance online after comparing quotes from best motor insurance companies from Policybazaar.com in a hassle-free manner.
• You can also renew the motor insurance plan online from the comfort of your home
• You can add or remove any particular add-on as your requirement. You can do it while purchasing or renewing the insurance plan. Add-ons are optional covers that you can purchase to enhance the coverage of your motor insurance policy.
• Motor insurance not only provides cover for the damages caused by an accident but also covers from theft, natural calamity, fire damage, vandalism, manmade disasters, etc.
• You can get the benefits of a cashless claim assistance by providing enough evidence in case of accidents and theft.
• Motor insurance also provides a No Claim Bonus feature. Under this feature, if you do not raise a claim during the policy tenure then the insurer will provide you with a specified discount on the renewal premium.
• Insurance companies keep on coming up with different plans and add-ons to provide you better coverage as well as provide assistance in case you get stuck during the claiming process.

Motor vehicle insurance can be broadly classified under below heads:

Car Insurance

Car insurance gives coverage against accidental loss or damages to own car or a third party caused due to the insured car. When choosing a car insurance policy, a person should always compare the premium offered by various insurers to get best deal. The amount of premium would majorly depend on the make & value of the car, the state from which it is registered and the manufacturing year.

Two Wheeler Insurance

Two wheeler insurance or bike insurance provides financial and legal protection to bikes and scooters. It covers two-wheeler vehicles against any own damages as well as any accidental loss caused to third-party property or person. Similar to car insurance, the premium of a two-wheeler policy depends on the age of the bike, its make & model, registration year, etc.

Commercial Vehicle Insurance

Commercial vehicle insurance helps all commercial vehicle drivers to reduce losses they might incur due to damage to their vehicle. It covers a commercial vehicle from unforeseen damages like theft, fire, collisions and third-party damages as well. Here commercial vehicles include those vehicles that are not used for personal purposes, like goods carrying vehicles, trucks, etc.

Do you know, that around 4 Lakh people meet with road accidents every month? A survey was conducted by the World Health Organization Report, which stated that in 2012, India had recorded the highest number of road deaths in the world.

Considering the high number and poor conditions of the road, motor insurance has become a necessity to drive on the Indian roads. Motor insurance gives financial protection not only to you but also covers third party damages. A few private insurers offer a large number of other utilities to the policyholders, like:

• Direct settlement or cashless claims at network garages
• Depreciation Cover
• Engine Protection Cover
• 24X7 Roadside assistance
• Towing Facility