Car insurance is a financial contract that protects you from financial losses in case of accidents, theft, or other damages to your vehicle. It can also cover medical expenses for you and your passengers, as well as property damage to others. There are different types of car insurance, such as third-party, comprehensive, and own-damage. You can find online cheap car insurance from  QuickInsure with the affordable rates and cost. 
 

Documents Required for Car Insurance:

New Car:

1. Vehicle Registration Certificate (RC): This document contains details about the car's owner, make, model, and registration number.
2. Purchase Invoice: This document proves the purchase of the car.
3. Identity Proof: This could be a driver's license, Aadhaar card, or passport.
4. Address Proof: This could be a utility bill, bank statement, or Aadhaar card.

Old Car:

1. Vehicle Registration Certificate (RC): This document contains details about the car's owner, make, model, and registration number.
2. Previous Insurance Policy: If the car had insurance before, the previous policy document is required.
3. No Claim Bonus (NCB) Certificate: If the previous insurance policy had no claims, an NCB certificate can be provided to get a discount on the premium.
4. Identity Proof: This could be a driver's license, Aadhaar card, or passport.
5. Address Proof: This could be a utility bill, bank statement, or Aadhaar card.

Criteria for Car Insurance with a Value Over 5 Lakhs:

While there are no specific criteria based solely on the car's value, several factors can influence your insurance premium:

1. Vehicle Type: High-performance cars, luxury vehicles, or sports cars typically have higher premiums.
2. Engine Capacity: Larger engine capacities often lead to higher premiums.
3. Vehicle Age: Newer cars generally have higher premiums due to their value.
4. Location: Premiums can vary based on your city or region, considering factors like traffic density, accident rates, and theft rates.
5. Driving Experience: Drivers with a clean driving record may qualify for discounts.
6. Insurance Company: Different insurance companies have varying premium structures.

Additional Considerations:

• Comprehensive Coverage: If you want comprehensive coverage for your car, it's likely to be more expensive than third-party liability insurance.
• Add-ons: Optional coverages like personal accident cover, zero-depreciation, or engine protection can increase premiums.
• Discounts: Some insurers offer discounts for specific professions, affiliations, or online purchases.

To get the most accurate quote, it's recommended to compare offers from multiple insurance companies on online car insurance provider . Factors like your driving history, location, and the specific coverage you need will significantly impact the premium.