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Buy/Renew BMW Car Insurance

Bmw Car Insurance

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BMW Insurance

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 BMW Insurance 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.

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:

BMW 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.

BMW 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.

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

1 of 1

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

BMW Car Insurance Premium Calculator

With the BMW car insurance premium calculator by Bajaj Allianz General Insurance Company, you can easily calculate the premium for your desired policy. Enter your car details and get an instant quote that fits your budget and coverage needs. This tool helps you make an informed decision by comparing plans and selecting the best one.

Documents Required to Raise BMW Car Insurance Claim

Raising your BMW car insurance claim is easy, provided you have the necessary documents. Here’s a list of what you need:

  • Copy of the insurance policy: This is crucial for verifying your coverage details.
  • Vehicle registration certificate: This is to confirm ownership and vehicle details.
  • Driver’s license: This validates the driver's eligibility during the incident.
  • FIR copy: Required in case of theft or severe accidents.
  • Claim form: Duly filled and signed.
  • Repair bills: For reimbursement claims, original repair bills are necessary.

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

Steps to File BMW Car Insurance Claim

Filing a claim with Bajaj Allianz General Insurance Company is an uncomplicated process. Follow these steps to ensure a smooth claim experience:

  • Notify the Insurer:

    Immediately inform Bajaj Allianz General Insurance Company using our website, app, or helpline number.

  • File an FIR:

    If required, file an FIR with the local police station.

  • Submit Documents:

    Provide all necessary documents, including the claim form and repair estimates.

  • Vehicle Survey:

    A surveyor from the insurance company will inspect the damage.

  • Settlement:

    The insurer will settle the repair bills directly with the network garage for cashless claims.

Whether you are buying or renewing your BMW car insurance, Bajaj Allianz General Insurance Company offers a reliable and efficient solution. Our comprehensive coverage options and user-friendly process allow you to protect your luxury vehicle easily. Remember, timely renewal is essential to maintain continuous coverage and avoid legal complications. Protect your BMW with the ideal insurance policy today!

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.

Is BMW expensive to insure?

Yes, being a luxury brand, BMW insurance tends to be more expensive due to higher repair costs and premium features.

How can I get a quote for BMW car insurance?

You can get an instant quote by visiting the Bajaj Allianz General Insurance Company website and using the premium calculator tool.

If my BMW insurance policy has expired, can I still renew it?

Yes, you can renew your policy within the grace period by Bajaj Allianz General Insurance Company.

What happens if I miss the renewal deadline for my BMW car insurance?

If you miss the deadline, your policy lapses, and you may need to undergo a vehicle inspection before renewal.

What factors should I consider when buying BMW car insurance?

Consider the coverage options, claim process, add-ons, and premium amount before making a decision.

What types of coverage are available for BMW car insurance?

Options include third-party liability and comprehensive coverage, with additional add-ons like zero depreciation and engine protection.

How can I save money on my BMW car insurance?

Opt for higher deductibles, avoid minor claims, and use the online platform to avail discounts.

Can I switch insurers when renewing my BMW car insurance?

Yes, you can switch insurers at the time of renewal, provided you compare the benefits and premium rates beforehand.

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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