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  • Honda Car Insurance

    Car Insurance
    • Get quotes from multiple insurers
    • Choose from a variety of zero depreciation and roadside assistance covers
    • 3100+ cashless garages

    Honda Motor Co., Ltd. was established in 1949. Honda Cars India Ltd., (HCIL) is the Indian subsidiary of Honda Motor Co. Ltd. The Honda Motor Co., Ltd. has more than 400 firms situated across the globe. They also have their own insurance sector called Honda Assure that provides insurance solutions exclusively for Honda car owners. Honda Assure is an insurance tie-up with the top insurance firms in India to provide A-class insurance services to Honda customers.

    Why Is It Important to have Honda Car Insurance?

    As per the Motor Vehicles Act 1988, it is mandatory for all vehicles plying on public roads in India to have at least a third-party liability cover. Honda car insurance protects the the Honda car owners from future third-party and own damage liabilities that may arise due to any unforeseen mishaps. It is important to choose the Honda car Insurance for the following reasons:

    • It pays for damages
    • It reduces your liabilities
    • It pays for your hospitalisation
    • Provision of add-ons
    • Road Assistance provided post mishap
    • It compensates your family after your demise

    Partners for Honda Car Insurance

    Honda car insurance has tie-up with the following car insurance firms:

    • Bajaj Allianz General Insurance Company Limited
    • National Insurance Company Limited
    • Royal Sundaram Alliance Insurance Company Ltd.
    • IFFCO-Tokio General Insurance Company Ltd.
    • Universal Sompo General Insurance Company Ltd.
    • ICICI Lombard GIC Ltd.

    Benefits & Key Features of Honda Car Insurance

    Honda Insurance comes with several key features and benefits such as:

    • Instant policy issuance
    • Nearly cashless repairs
    • Seamless service
    • Transparent claim settlement
    • Quality repairs at authorised garages
    • Covers own damage liabilities
    • Covers third-party liabilities
    • Personal accident cover provided
    • Covers legal liabilities for your Paid Driver
    • Deductibles
    • Transfer of No Claim Bonus (NCB) from other insurance company on renewal

    Premium Calculator for Honda Car Insurance

    You can purchase Honda car insurance from official websites of the partnered insurance firms or you can visit the ‘Honda Assure’ website to make the purchase. When you visit any of the websites, you can make use of an in-built tool called the premium calculator to calculate your insurance premium. You will have to provide certain details like vehicle registration number, make and model of your car, your contact information, etc. Based on the information you have provided, the calculator will calculate and quote your insurance premium. You can use this calculator for both first-time purchase as well as renewal of your car insurance. The parameters for calculation will slightly vary from one insurer to another.

    Inclusions and Exclusions for Honda Car Insurance

    Honda car insurance comes with certain inclusions and exclusions such as:

    • Inclusions:
      • Loss/Damage to your vehicle due to Natural Calamities
      • Loss/Damage to your vehicle due to Man-made Calamities
      • Personal Accident Cover
      • Third-Party Liability Cover
    • Exclusions:
    • Mechanical/electrical breakdown
    • Wear and tear of consumables
    • General ageing of the vehicle
    • Depreciation or any consequential loss
    • Vehicles being used outside of the specified/agreed purpose
    • Damage to/by a person when driving without a valid license
    • Damage to/by a person when driving under the influence of drugs/liquor
    • Loss/damage due to war, nuclear risk or mutiny

    Add-ons for Honda Car Insurance

    The Add-ons offered by Honda car insurance are as follows:

    • Nil Depreciation Cover
    • Return to Invoice Value Cover
    • Hydrostatic Lock Cover
    • Key Replacement Cover

    Renewal Online for Honda Car Insurance

    You can also purchase the insurance policy for your Honda car from any of the third-party websites or websites of the partnered insurers or from ‘Honda Assure’ website. Once the premium calculator quotes your insurance premium for policy renewal, you are free to go ahead and renew the insurance policy by making payment online.

    Endorsements for Honda Car Insurance

    An endorsement in a car insurance policy refers to any changes or corrections made to your existing motor insurance policy.

    Endorsement comes into play when you need to update/alter your personal details, if there is a change in car ownership, if a CNG / LPG kit has been added, etc. But, the alterations aren’t made to the original policy document, instead an Endorsement Certificate is issued to the policyholder by the insurer.

    Endorsements are primarily classified into two, premium bearing endorsement where you have to pay an additional premium for the kind of change you have made with respect to your vehicle and non-premium bearing endorsement where you can just go ahead and make the changes without having to pay an additional premium.

    • Premium Bearing Endorsements
      • Correction of Vehicle Ex-showroom Price
      • Installation of Non-Electrical Accessories
      • Addition of LPG / CNG Kit (IMT 25)
      • Extension of Geographical Area (IMT 1)
      • Installation of Electrical Accessories (IMT 24)
    • Non-Premium Bearing Endorsements
      • Correction of Registration Number
      • Correction in Gender, Customer’s Address, City
      • Correction in Customer Type
      • Changes in Hire Purchase Agreement, Lease Agreement, Hypothecation Agreement (IMT 5 / 6 / 7)
      • Correction in Prefix, Customer Name/Corporate Name

    Claim Process for Honda Car Insurance

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

    • Cashless or nearly Cashless Claim:
      • Inform the insurer as soon as the mishap takes place
      • File an FIR at the nearest police station and get a copy of the same
      • The insurer will send a surveyor to assess the damages/loss
      • Provide all the necessary documents to the insurer/surveyor
      • Post assessment and approval from the insurer, take your car to the nearest cashless garage and get your car repaired
      • Your car will get delivered post repair, after the surveyor has assessed your vehicle at the garage
      • The insurer will pay for the repairs/replacements made
    • Reimbursement Claim:
      • Inform the insurer as soon as the mishap takes place
      • File an FIR at the nearest police station and get a copy of the same
      • The insurer will send a surveyor to assess the damages/loss
      • Provide all the necessary documents to the insurer/surveyor
      • Post assessment and approval from the insurer, take your car to the nearest garage and get your car repaired
      • Once your car gets repaired, you have to pay the garage for all the repair work and collect the bills and invoices for the same
      • You will have to then submit the invoices and bills you have collected from the garage to the insurer and your expense at the garage will be reimbursed

    No Claim Bonus (NCB) on Honda Car Insurance

    No Claim Bonus is a reward offered by the insurer to the policyholder for filing no claim in the previous year. It can be accumulated over the claim-free periods. NCB usually starts with 20% and can go upto 50%.

    Here are a few key points you need to remember when it comes to NCB for Honda car Insurance:

    • NCB becomes nil in case of a Claim
    • NCB gets transferred to the legal heir in case of the policyholder’s death
    • NCB can be utilized within 3 years
    • NCB can be transferred to a new vehicle in case the vehicle is substituted with a vehicle of the same class
    • NCB recovery can be done in case of a name transfer

    *Discount for Honda Car Insurance

    Honda car insurance offer certain *discounts such as:

    • Special discounts on own damage insurance premium for your car with Auto Car Insurance plan
    • A maximum of Rs. 500 on the installation of Anti-Theft Devices in your car
    • Upto 5% discount on the Own Damage Premium
    • A discount of Rs. 100 on reduction in Limits of Liability for Third-Party Property Damage with Auto Car Insurance plan
    • A maximum of Rs.200 for a valid Member of the Automobile Association of India
    • Discount of 35% on Own Damage Premium on opting for a maximum voluntary deductible of Rs. 15,000/
    • Upto 2.5% discount on the Own Damage Premium

    *The discounts will slightly vary from insurer to insurer.

    How to Buy Honda Car Insurance

    • Online:

    As mentioned before, you can purchase the insurance policy for your Honda car from any of the third-party websites or websites of the partnered insurers or from ‘Honda Assure’ website. Once the premium calculator quotes your insurance premium, you are free to go ahead and purchase the insurance policy via online modes of payment.

    • Offline:

    You can also purchase your Honda car insurance directly from the Honda insurance dealers by visiting their authorised offices or meeting with certified insurance agents. You need to submit copies and originals of the necessary documents in order to make the purchase.

    Type of car insurance available under Honda Car Insurance

    There are two kinds of car insurance available under Honda car insurance:

    • Package Policy

    This is a comprehensive policy that covers third-party liabilities as well as as own damage liabilities.

    • Third-party Liability Cover

    This offers a limited policy coverage extending to third-party liabilities alone.

    Honda Car Insurance FAQs:

    1. Can the additional accessories fitted to the car be covered under the same insurance policy?
    2. Yes, you can insure the accessories that have been additionally fitted to the car for an extra premium.

    3. In case of an out-of-town accident, whom do I contact and how?
    4. Contact the insurer by visiting the nearest branch or via their official app or their customer care number from the respective website.

    5. What should I do in case the accessories/car gets stolen?
    6. In case of car/accessories theft, file a FIR and obtain a copy of the same. Contact the insurer and raise a claim request for the same.

    7. What should I report to the police?Incidents such as third-party property damage, bodily injury to self, bodily injury to third-party and theft of the vehicle/accessories should be reported to the police.
    8. Can the cheque date be later than the date of your insurance policy issuance?
    9. As per the Insurance Act of 1938, the check date should be the same/prior to the date of policy issuance.