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A name associated with luxury and comfort; BMW is a brand that needs no introduction. One of the best-selling car manufacturers globally, BMW started its operations in India in 2007. BMW cars are a luxury investment, which means getting them insured is not something you would want to take your time doing. With Bajaj Allianz General Insurance’s online BMW car insurance, your car can get an all-rounded protection from unfortunate on-road accidents.

There are various models of BMW that you can find in India. The list of popular models includes X1, X5, X6, 1-series, 3-series, and 5-series, to name a few. Being a luxury car brand, BMW leaves no stone unturned when it comes to the features being offered in their cars. These features include:

  1. Anti-braking system
  2. Power steering
  3. Front and Rear airbags
  4. Child lock
  5. Central locking
  6. Power windows

These features, along with many others, make the BMW a deluxe purchase. With the help of four-wheeler insurance, you can insure your new purchase and ensure its longevity.

Benefits of buying BMW car insurance online

Let’s look at the benefits of buying car insurance online for your brand-new BMW:

 

Buy it from anywhere

The great part about buying motor insurance for your car online is that you can purchase it using your mobile or your computer, no matter where you are. All you need to do is either visit the insurer’s website or use their app and purchase it in a few simple steps.

 

Save money on your purchase

When you purchase car insurance online, you get to enjoy the advantage of savings on your purchase. Buying the policy online will have you buying directly from the insurer. As there are no agents involved, your BMW car insurance price will be lesser when compared to an offline purchase, and there will be no additional charges on your purchase.

 

Renew your policy instantly

If your insurance policy is nearing its expiry date, you can renew it easily online from your insurer’s website. Just visit your insurer’s website and get your policy renewed with a few simple steps. And the best of it all, your BMW insurance price remains unchanged during renewal.

Inclusions and Exclusions of BMW car insurance

  • Inclusions

  • Exclusions

Damages caused to third-party vehicle and property

Third-party injuries or death caused due to accident

Damages caused due to natural calamities such as earthquakes and floods

Damages caused due to manmade calamities such as riots

Damages/Loss of car due to fire

Damages/Loss of car due to theft

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Driving with an expired or invalid license

Driving under the influence of alcohol or drugs

Using the car for unlawful activities

Wear and tear caused due to usage

Problems caused due to electrical or mechanical breakdown

1 of 1

Types of car insurance plans for BMW

When you are looking to purchase car insurance for your BMW car, you can select either one of the following:

Third-party Car Insurance

Third-party car insurance is the basic insurance you can buy for your car. It is mandatory under the Motor Vehicles Act of 1988. The policy is designed to cover the damages caused specifically to the third-party (this includes vehicle and property). Additionally, it covers injuries and deaths caused to the third-party. You are required to purchase a personal accident cover with the policy as well.

Comprehensive Car Insurance

Comprehensive car insurance provides you coverage for both own damages and third-party damages under the same policy. Own damages include damages caused due to accident, natural, and manmade calamities. Damage or loss caused due to fire or theft are also covered by the policy. There is the provision of including add-ons in your policy to enhance the policy’s coverage. It is important to note that the cost of this policy is higher when compared to a third-party insurance policy.

Add-ons for BMW Car Insurance

You can add the following add-ons in your BMW comprehensive car insurance:

 

Zero Depreciation Cover

With this add-on, the insurer compensates you with the maximum value for your claim without taking into consideration the depreciated value of your car.

 

Emergency Roadside Assistance

If your car suddenly stops working while driving, you can avail emergency services from your insurer with the help of this add-on.

 

Key And Lock Replacement Cover

If you misplace your key by accident, under Key Replacement add-on, your insurer will provide you with a temporary key for usage until you get a new key from your dealer.

 

Engine Protection Cover

This add-on covers the engine of your car from problems that might hamper its proper functioning.

How to buy BMW car insurance?

You can purchase your BMW car insurance online by following these steps:

  1. Visit the website of your insurer
  2. Enter the details of your car and the city of your residence
  3. Select the plan meeting your requirements
  4. You are presented with a quote based on the type of policy selected
  5. If you select comprehensive car insurance, you can customise it with add-ons. Do note that add-ons increase the price of the policy
  6. Pay for your policy online on the website

 

Via these simple steps, you can easily purchase the policy. Before you purchase the policy, you can use the car insurance calculator to get an estimated price for the policy you want to purchase. 

Renew BMW car insurance

You can renew your BMW car insurance online with these steps:

  1. Visit the website of your insurer
  2. Enter the details of your car and of your existing policy
  3. Mention details of any claims you may file during the previous policy term
  4. You are presented with a quote based on the details you entered
  5. If you wish to customise your policy, you can do so
  6. Once you are presented with a refreshed quote, you can renew your policy by paying online on the website

Claim Procedure

There are two types of car insurance claims: cashless claim and reimbursement claim.

1. Cashless claim

The steps for filing a cashless claim are:

  • Inform your insurer through their website, app, or helpline number, after the accident has occurred
  • File an FIR if required
  • Submit all the necessary documents and evidence related to the damage caused
  • Get your vehicle surveyed by a surveyor sent by the insurer
  • Get your car repaired at a network garage, where the insurer would be billed, and a cashless payment would be made directly to the garage

 

2. Reimbursement claim

Steps 1-4 of a cashless claim should be followed as is for a reimbursement claim as well. The only difference is that you can get your car repaired at a garage of your choice. Once the car is repaired and the payment has been made by you, your insurer will reimburse you for the paid amount

Frequently Asked Questions

Is car insurance mandatory?

Yes, car insurance is indeed mandatory for every car in India. The Motor Vehicles Act of 1988 has made it mandatory that every car being driven on Indian roads needs to have at least third-party car insurance. Not having a policy can get your penalised by the authorities.

What are the services provided under roadside assistance?

The services you can avail under the emergency roadside assistance are tyre refilling/replacement, fuel refilling, battery charge and free towing to the nearest garage.

How to reduce your premium?

Removing unnecessary add-ons, adding safety devices to your car, and not filing claims for minor damages are some of the ways to reduce your insurance premium.

What factors affect the price of insurance?

Fuel type of your car, the cubic capacity, your area of residence and driving record are some of the factors that affect the price of the premium you pay for your policy.

Does third-party insurance cover own damages?

Third-party car insurance covers only third-party damages and injuries/deaths and does not cover own damages. 

Written By : Bajaj Allianz - Updated: 22nd April 2024

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

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