Drive with Confidence, Insure with Built 4 Bucks
Motor Insurance from Built 4 Bucks helps protect your vehicle against eligible risks such as accidents, theft, fire, natural calamities, and third-party liabilities, depending on the policy selected. Whether you need third-party coverage or broader protection, we help you understand available options and choose insurance suited to your vehicle and requirements. With the right coverage, you can enjoy greater financial protection and peace of mind on every journey.
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Motor Insurance and Its Benefits
1. Financial Protection Against Accidents
Motor insurance helps protect you from unexpected expenses resulting from accidents. Depending on the policy, it may cover repair costs for your vehicle and eligible third-party liabilities, helping reduce the financial impact of an accident.
2. Protection Against Theft and Damage
Comprehensive motor insurance can provide coverage against risks such as vehicle theft, fire, natural calamities, and certain man-made events. This can help protect one of your valuable assets from unforeseen losses.
3. Third-Party Liability Coverage
Third-party motor insurance helps cover eligible legal liabilities arising from injury, death, or property damage caused to another person by the insured vehicle. Third-party insurance is generally mandatory for vehicles used on public roads in India.
4. Flexible Coverage Options
Motor insurance is available in different forms, including third-party and comprehensive or own-damage coverage. Depending on eligibility and insurer offerings, policyholders can also select suitable add-on covers for additional protection.
5. Peace of Mind with Built 4 Bucks
Built 4 Bucks helps customers understand motor insurance options, coverage features, and applicable add-ons so they can choose a policy according to their vehicle and protection requirements. Proper insurance coverage can provide greater financial confidence while driving.
Motor Insurance & its Types
Differences Between Third-Party and Comprehensive Motor Insurance
| Comparison Parameter | Third-Party Insurance | Comprehensive Insurance |
|---|---|---|
| Coverage | Provides coverage for third-party liabilities such as bodily injury, death, or property damage caused by the insured vehicle | Offers extensive coverage, including third-party liability as well as OD cover for the insured vehicle |
| Legal Requirement | Mandatory by law in India | Optional as per personal preference. |
| Own Damage Coverage | Does not include coverage for damages to the insured vehicle | Includes coverage to protect against damages to the insured vehicle due to various perilse |
| Premium | Generally lower premiums compared to comprehensive insurance | Premiums may be higher due to the broader coverage provided |
| Financial Protection | Offers limited financial protection | Provides comprehensive financial protection for both third-party liabilities and damages to the insured vehicle |
| Suitability | Suitable for vehicles with lower market value or those on a tight budgets | Suitable for vehicles with higher market value or owners seeking comprehensive protection against various risks |
| Recommendation | Recommended for vehicles with minimal risk of damage or budget-conscious individuals | Recommended for vehicles exposed to higher risks, such as new or expensive vehicles, or for individuals seeking comprehensive coverage and peace of mind |
Add On Covers For Motor Insurance
Zero Depreciation Cover in Car Insurance
Zero Depreciation, also known as Nil Depreciation or Bumper-to-Bumper Cover, helps reduce the impact of depreciation deductions on eligible parts during an approved claim. In a standard comprehensive policy, depreciation may be deducted from the value of replaced parts. With Zero Depreciation Cover, eligible depreciation deductions may be reduced or waived, resulting in a higher claim payout, subject to the policy terms, conditions, and exclusions. Availability and eligibility may vary by insurer and vehicle age.
Zero Depreciation with Consumables Cover in Car Insurance
Consumables are items that are normally used up or require replacement during vehicle repairs or maintenance. These may include engine oil, lubricants, brake fluid, coolant, grease, nuts, bolts, screws, washers, oil filters, and similar items. A Consumables Cover add-on can help cover the cost of eligible consumable items used during an approved repair claim, subject to the insurer’s terms and conditions.
Return to Invoice Cover in Car Insurance
Return to Invoice (RTI) is an optional add-on that can provide additional financial protection if the insured car is stolen or declared a total loss, subject to the policy conditions. Depending on the coverage, the benefit may bridge the difference between the vehicle’s insured value and its original invoice value, along with applicable registration and road tax components where covered.
Engine Protection Cover in Car Insurance
Engine Protection Cover provides additional protection for eligible engine and gearbox-related damages that may not be covered under a standard comprehensive policy. Depending on the policy, it may cover certain consequential damages caused by events such as water ingress, engine oil leakage, or undercarriage damage. Coverage is subject to specific exclusions, limits, and policy conditions.
Roadside Assistance Cover in Car Insurance
Roadside Assistance is an optional add-on that provides support when your vehicle breaks down or becomes immobilised. Depending on the plan, services may include towing assistance, battery jump-start, flat-tyre assistance, emergency fuel delivery, minor repairs, and other roadside support. The services available depend on the insurer and selected policy.
Tyre Protect Cover in Car Insurance
Tyre damage is generally not covered under a comprehensive car insurance policy unless it occurs as part of an insured accident. Tyre Protect Cover provides additional protection for eligible tyre-related damages, which may include punctures, cuts, bulges, or tyre bursts, subject to the coverage terms, limits, and exclusions.
Key Protection Cover in Car Insurance
Key Protection Cover provides financial assistance for certain expenses arising from the loss, theft, or damage of your car keys. Depending on the policy, it may cover the cost of replacing or repairing the key and, in some cases, the associated key-lock or lockset replacement. Coverage is subject to the insurer’s terms, limits, and applicable conditions.
What are the Benefits of Buying Motor Insurance Online?
Motor insurance is generally available in three main categories, allowing you to select an online insurance plan that best suits your vehicle and coverage requirements.
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Convenience
Buying motor insurance online makes the process simple and convenient. You can explore insurance plans and purchase a policy from the comfort of your home or while on the go, without visiting an insurance office.
24/7 Accessibility
Online insurance platforms are available around the clock, allowing you to research, compare, and purchase policies whenever it is convenient for you, even outside regular business hours.
Easy Policy Comparison
Online platforms make it easier to compare different motor insurance plans based on coverage, premiums, features, and benefits. This helps you understand your options and select coverage that matches your requirements and budget.
Saves Time
The online insurance process reduces paperwork and eliminates the need for multiple office visits. Digital forms and online documentation make purchasing a policy faster and more convenient.
Potential Cost Savings
Online motor insurance may provide access to special offers or competitive premiums. Purchasing directly through digital platforms can also reduce certain distribution-related costs, potentially making the overall policy more economical.