Motor insurance for women – Features & benefits

Motor insurance provides critical protection for vehicle owners against a variety of risks. While basic third-party plans may appear sufficient, women drivers have specific concerns that warrant upgraded coverage. Comprehensive policies more effectively address these female-centric vulnerabilities.

In India, motor insurance is mandated by the Motor Vehicles Act, 1988. All vehicle owners must purchase at least a basic third-party liability cover. However, given the high costs of automotive repairs, women drivers should opt for a comprehensive motor insurance policy. This offers wider, customised coverage for enhanced safety and peace of mind.

Read on to know why comprehensive motor plans stacked with value-added benefits are the smart insurance choice for women looking to safeguard their cherished vehicles responsibly.

Why women need motor insurance

While motor insurance fundamentals remain broadly similar across genders. The following are the benefits women get when they choose insurance: 

1. Addressing safety concerns

Women driving alone or at night have valid apprehensions regarding safety and security. Add-on covers like depreciation and return to invoice cover in motor plans provide specialised protection. Roadside assistance services also provide round-the-clock rescue operations for added peace of mind.

2. Recognising distinct needs

From choosing family cars to managing children/parents and professional commitments, women have different needs for car cabin care and prefer higher fuel efficiency. 

3. Promoting financial independence

With increasing financial autonomy, more women now self-finance cars. Hence, there is a need for affordability despite comprehensive coverage. Customised plans offer concessions like voluntary deductibles or no-claim bonuses in car insurance to reduce premiums for women policyholders without compromising policy benefits.

Key features of motor insurance plans for women

The following are the main features you should look for in suitable insurance plans for women: 

1. Comprehensive coverage

A comprehensive motor insurance policy covers its damage in addition to mandatory third-party liability. This includes:

• Accident damage repairs like parts replacement, car towing, etc.

• Theft and burglary

• Losses from natural calamities like floods, storms, lightning, etc.  

• Artificial disasters like accidents, riots, strikes, terrorist activities, etc.

• Fire damage

Such extensive coverage allows cashless and speedy repairs at authorised garages without major out-of-pocket expenses.

 2. Add-on covers 

Insurers offer various add-ons at an additional premium to enhance the coverage scope. Popular options relevant for women customers include:

• Depreciation cover – It pays a total insured amount for parts replacement without accounting for depreciation. This is useful for new vehicles prone to rapid value erosion.

• Consumable cover – During repairs, it bears expenses for consumables like engine oil, nuts/bolts, break oil, filters, etc.  

• Return to Invoice – For total loss or theft claims within specified years of purchase, claim the full invoice amount instead of the market value.

• Engine Protect – Cover major engine and gearbox-related breakdown expenses excluded in standard motor plans.

• Roadside Assistance – Avail services like fuel delivery, lost key retrieval, taxi benefits, overnight accommodation, etc., in case of emergencies.

3. Premium discounts

Comprehensive motor plans for women provide various concessions in premium costs:

• No Claim Bonus – Get discounts of up to 50% for claim-free renewals to lower premiums.

• Voluntary Deductibles – Opt to pay out higher initial amounts from your pocket during claims to reduce premiums.

4. Hassle-free claims process

Cashless claims servicing, where charges are directly settled between the insurer and the garage, makes the process easier. Additionally, some insurers have dedicated women personnel for policy purchase and claim assistance. 

5. Wider network reach 

Many insurers offer an extensive country-wide chain of authorised garages. This proves helpful in case of accidents when travelling long distances. Also, options for intimate claims by calling mobile apps or portals offer convenience.

What makes a motor insurance plan suitable for women drivers? 

Insurer now offer ladies car insurance plans or comprehensive motor insurance to meet women drivers specific needs and preferences. These plans provide more comprehensive garage network access for hassle-free claims, additional protection covers and round-the-clock emergency assistance services. Prioritising affordability despite comprehensive coverage encourages financial independence. Therefore, while adhering to fundamental insurance basics, these thoughtfully designed inclusions make motor insurance plans truly women-centric.

Conclusion

Motor insurance plans for women drivers empower them to pursue their mobility needs safely and securely. The combination of financial protection and associated services fosters freedom and flexibility for women to take on diverse driving duties without constraints. When looking for motor insurance, women drivers can consider comprehensive plans.