• BMW Car Insurance

    Car Insurance
    • Get third party cover at low premiums
    • Choose from a variety of zero depreciation and roadside assistance covers
    • 3100+ cashless garages

    BMW has a large customer base of over 23,67,603 and an employee base of 1,24,729 as of 2016. BMW has around 31 production and assembly units in 14 countries across the globe.

    Why is it Important to Insure Your BMW?

    As per the Motor Vehicles Act, it is mandatory for every car owner to avail a car insurance. Aside from the rule, availing car insurance protects you from unforeseen liabilities due to road mishaps, natural calamities, etc.

    BMW Insurance Providers

    A number of insurers provide BMW insurance in India, a few of them are listed below:

    • Bajaj Allianz General Insurance Co. Ltd.
    • HDFC ERGO General Insurance Co. Ltd.
    • Royal Sundaram General Insurance Co. Ltd.
    • Bharti AXA General Insurance Co. Ltd.
    • Reliance General Insurance Co. Ltd.

    BMW Models

    BMW houses the following vehicles:

    • BMW 3 Series Sedan
    • BMW 3 Series Gran Turismo
    • First-Ever 6 Series Gran Turismo
    • BMW 5 Series Sedan
    • BMW 7 Series Sedan
    • BMW M760Li
    • BMW X1
    • BMW X3
    • BMW X5
    • BMW X6
    • BMW Z4 Roadster
    • BMW M3 Sedan
    • BMW M4 CoupĂ©
    • BMW M5 with M xDrive
    • BMW X5 M
    • BMW X6 M
    • BMW i8

    Types of BMW Car Insurance

    There are two kinds of car insurance available for BMW:

    • Comprehensive Car Insurance

    A comprehensive car insurance plan provides an overall coverage to you by covering own damage liabilities as well as third-party liabilities at the time of a mishap.

    • Third-party Liability Cover

    A third-party car insurance covers third-party liabilities at the time of a mishap.

    Buying/renewing BMW Car Insurance

    You can purchase or renew your car insurance online or offline depending on your convenience

    • Online:

    You can purchase the car insurance online or renew the existing one online via third-party insurance websites or the insurer’s official website.

    • Offline:

    You can meet with an insurance agent or visit the nearest branch office of the insurer to buy or renew a car insurance policy.

    BMW Car Insurance Claim Process

    The claim process for BMW car insurance involves the following steps:

    • Intimate the insurer as soon as the incident takes place and raise a claim request
    • The insurer will send a surveyor to inspect your car and assess the total damage/loss incurred
    • Submit the relevant documents to the surveyor for verification
    • Take your car to the nearest garage and get it fixed
    • In case of a cashless claim, the insurer will settle the repair bills with the garage
    • In case of a reimbursement claim, you have to settle the repair bills with the garage and submit the payment receipt to the insurer to get the amount you spent on the repairs reimbursed.

    Inclusions and Exclusions of BMW Car Insurance

    BMW Car Insurance comes with a number of inclusions and exclusions, a few of them are listed below:

    • Inclusions:
      • Loss/damage due to theft of the vehicle
      • Loss/damage due to natural calamities
      • Third-party liabilities
      • Own damage liabilities
    • Exclusions:
      • General wear and tear of the vehicle
      • Electrical or mechanical failure of the vehicle
      • Loss due to depreciation
      • If the accident was staged

    Add-ons Offered with BMW Car Insurance

    There are a number of add-ons available in the market for BMW Car Insurance, a few of them are listed below:

    • Zero Depreciation Cover
    • Engine Protect Cover
    • Roadside Assistance Cover
    • Return to Invoice Cover

    Discounts Offered with BMW Car Insurance

    The insurers offer a number of discounts to BMW car owners, a few of them are listed below:

    • Discount on insurance premium if you are a member of any automobile associations of India
    • Discount on insurance premium if you have installed ARAI approved security devices in your car
    • Professional Discount
    • No Claim Bonus Discount

    BMW Car Insurance FAQs:

    1. What is a car insurance?

    2. A car insurance is an agreement between the insurer and the insured where the insurer promises to financially protect the insured against the liabilities that he/she may incur at the time of a mishap.

    3. What is an excess?

    4. An excess is a part of the insured amount that the policyholder has to pay at the time of claim settlement.

    5. What is a letter of endorsement?

    6. A letter of endorsement is a letter that you submit to the insurer when you want to make certain changes to your insurance policy document.

    7. What is a cover letter in car insurance?

    8. A cover letter is a temporary document that the insurer gives the insured until the insurer can issue the original insurance policy document.

    9. What is total loss in car insurance?

    10. When a car is damaged beyond repair as a result of a mishap, the car is considered as total loss by the insurer.

    News About BMW Car Insurance

    • BMW launches the all-new BMW Z4 Roadster in India

      BMW launched the all-new BMW Z4 Roadster in India and is available at all the BMW dealerships in India.

      The new model by BMW comes with two engine variants - BMW Z4 M40i and the BMW Z4 sDrive20i. The former is considered to be one of the sportiest models ever launched by the automakers. While the BMW Z4 M40i provides a sporty feeling, the BMW Z4 sDrive20i comes with a more dynamic appearance.

      The ex-showroom price of the BMW Z4 M40i was Rs.78.9 lakh while the BMW Z4sDrive20i would cost Rs.64.9 lakh.

      11 April 2019

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