Car Insurance in Visakhapatnam

Visakhapatnam is the most populated city in Andhra Pradesh. The people of this city prefer to travel by car, and thus the streets remain busy throughout the day. In such a scenario, accidents are common and thus, having a car insurance policy is essential if you are a vehicle owner. Furthermore, the Motor Vehicles Act of 1988 mandates every car owner to have at least a third-party insurance cover.

If you are looking for a car insurance policy provider, there are a lot of big names in the market. Among them, Digit is a company that you can trust. You can avail of facilities like easy and fast online claim settlement and 24/7 customer support. 

Read on to know more.

Visakhapatnam (commonly referred to as Vizag) is the largest city (both in terms of area and population density) and the financial and industrial capital of Andhra Pradesh. The city is marked with a population of ~5.18lakh, high literacy rate (~74%) and average annual growth rate of 2.17% (for the period 2006-2020) driving high disposable income, sale of the car and associate motor insurance over the years. However, with this momentous growth, challenges in terms of rising vehicle traffic, irrational driving, lack of proper infrastructure, etc. have also accelerated.

Challenges Faced by Car Owners in Visakhapatnam

• Lack of Proper City Planning: Vizag’s road network is comparatively very dense and congested due to narrow carriageways further marked with high pedestrian traffic and slow-moving vehicle concentration. As per the existing land use plan (according to the City Report 2019), the area under road and railways is about ~6%.
• Rising Traffic: The city reported increased disposable income promoting vehicular purchase, usage and sale. Further, the bumper-to-bumper traffic congestion, especially during ‘peak/rush hours’ is accelerated by auto-rickshaws (constitute ~70% of the total traffic), unorganized and stationary vehicles on carriageways.
• Increased Traffic Violations: In 2019, traffic violations in Vizag, including cancellation of driving license due to rash driving, use of cell phones while driving, overloading and drunk driving, increased by 50%. The statistics also refer to the irrational percentage of drivers on the road who can actually cause accidents and lead to damage on a rational car owner’s vehicle.
• Scarcity of Parking Spaces: Scarcity of parking space, especially near corporate parks and holiday/getaway places have also been marked as accident-prone areas - majorly for scratches, dents, and minor accidents due to paucity of place for better parking and mobility. 
• Theft: Vehicle robbery in the urban neighbourhood, accidents and vandalism is comparatively higher than that in the rural areas.

Legally, the Motor Vehicles Act, 1988, mandates the purchase of car insurance policy for any car purchase by the owner, irrespective of which type of insurance one chooses for himself/herself. Also, an insurance policy for car brings in holistic safety for one’s life, money, third party damage and of course the heavily invested money on the car. 

• Choice of Insurance: Digit offers three types of insurance:
  • Third-Party Car Insurance:  covers any damage caused from an accident initiated by you for the third party victim/car
  • Comprehensive Car Insurance: covers all damages caused to third party, own vehicle, personal damages, theft, etc.
  • Own Damage: This policy covers loss and damage to your own car, which may be caused due to accidents and collisions, natural calamities, fires, and thefts. This works as an added protection with the third-party car insurance policy.

Check: Use Car Insurance Calculator to get the car insurance quotes.

• Add-on Cover Insurance: Add-ons along with the insurance chosen is also available as per the state, which includes engine and gearbox protection, advance cash facility, tyre protection cover, zero depreciation, etc.
• Online Policy Renewal Facility: The entire system is digital and offers comprehensive service offering over its online portal along with claim settlement, policy renewal, etc.
• Heavy Penalization Waivers: The car insurance (third party insurance) can enable the car owner to avoid heavy fines implied. Recently, under the new road transport and safety bill, 2014, a proposal of increased in fine for non-insured car owners from Rs.10, 000 to Rs.75, 000 has been proposed.
• Quick Service: With congested road, busy professional life and paucity of time, facility for selection of garage for car repair, by GoDigit, creates its own USP with high preference among its customers.