Motor Insurance (Car & Two-Wheeler)
Motor insurance for cars and two-wheelers — third-party and own-damage cover, add-ons, IDV and no-claim bonus guidance.
- Estimate Cost
- ₹1,000 – ₹5,000
- Typical duration
- 2 days
Service overview
- Motor insurance protects your car or two-wheeler against accidents, theft, fire and natural disasters, and covers your legal liability to third parties
- Third-party cover is mandatory under the Motor Vehicles Act; comprehensive cover adds protection for your own vehicle
Who needs it? / When is it needed?
- Every owner of a private or commercial vehicle in India.
- When you buy a new or used vehicle, renew a policy or transfer ownership.
- When your policy has lapsed or you want better add-ons.
What to expect from the WCP Professionals
- Comparison of comprehensive, standalone own-damage and third-party options.
- Advice on add-ons such as zero depreciation, engine protection, return to invoice and roadside assistance.
- Checks on IDV, NCB and anti-theft discounts.
- Support with ownership transfer and claims.
Key deliverables
- Quote comparison with the recommendation.
- Issued policy with the correct IDV and add-ons.
- Claim process guide and garage network list.
Standard turnaround time
- Quotes and issuance: same day to 2 working days.
- Lapsed policies requiring inspection: 2–4 working days.
Government fees, timelines & key outcomes
- No government fee; GST at 18% applies on the premium.
- Third-party premiums are fixed by regulation, and own-damage premiums vary by insurer.
- NCB of 20–50% applies on claim-free renewals.
- Key outcome: legal compliance and full protection for your vehicle.
Forms & filings involved
- Insurer proposal form.
- Vehicle inspection report, for lapsed or used vehicles.
- Endorsement for ownership transfer or changes such as CNG kit fitment.
Documents required
- RC copy, previous policy and NCB proof.
- Owner's KYC and driving licence.
- Vehicle invoice for new vehicles.
- Sale documents for ownership transfer.
What we need from you
- Correct vehicle and usage details.
- Your vehicle available for inspection, if required.
- Timely renewal before expiry.
Important conditions
- Driving without valid third-party cover is a punishable offence.
- Claims can be rejected for drunk driving, an invalid licence or unauthorised use.
- NCB lapses if the policy is not renewed within 90 days.
Additional information
- Transfer the policy to the new owner promptly after the RC transfer.
- Keep add-on benefits in mind when moving to a new insurer.
- Related service: Insurance Claims Assistance.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
Is motor insurance mandatory?
Third-party insurance is mandatory under the Motor Vehicles Act; own-damage cover is optional but advisable.
What is IDV?
Insured Declared Value — roughly the market value of the vehicle, which is the maximum paid for total loss or theft.
Is a zero-depreciation add-on worth it?
For new and expensive vehicles it often is, since it avoids deductions for depreciation on replaced parts.
Does the no-claim bonus transfer to a new car?
Yes. The NCB belongs to the owner and can be transferred to a new vehicle's policy.