Explore the connection between car insurance and CNG kits. Find out more about prices, insurance, and the essential actions to take to protect your car in the event of an accident.
If you are considering converting your car to run on Compressed Natural Gas (CNG), you may have some questions about how it will affect your car insurance. The good news is that CNG kits and car insurance have a true connection, and understanding it can help you make an informed decision about converting your car to CNG.
In this article, we will explore the relationship between CNG kits and car insurance, and provide you with all the information you need to know before making the switch.
What is a CNG Kit?
Before we dive into the connection between CNG kits and car insurance, let's first understand what a CNG kit is. A CNG kit is a conversion kit that allows a gasoline-powered vehicle to run on Compressed Natural Gas (CNG). CNG is a cleaner and more affordable alternative to traditional gasoline, making it a popular choice for car owners.
How Much Does a CNG Kit Cost?
The cost of a CNG kit can vary depending on the type of vehicle and the type of kit you choose. On average, a CNG kit can cost anywhere from $1,000 to $3,000. However, the long-term savings on fuel costs can make up for the initial investment.
How Does a CNG Kit Affect Car Insurance?
Now, let's get to the main question - how does a CNG kit affect car insurance? The answer is, it depends on your insurance provider and the type of CNG kit you have installed.
External Bi-Fuel Kit Insurance Meaning
An external bi-fuel kit is a type of CNG kit that is installed outside of the engine compartment. This type of kit is usually more expensive than an internal bi-fuel kit, but it is also easier to install and does not require any modifications to the engine.
When it comes to car insurance, an external bi-fuel kit is considered an "add-on" or "accessory" to your car. This means that it is not covered under your standard car insurance policy and you will need to purchase additional coverage for it.
Bi-Fuel Kit Cover
If you have an external bi-fuel kit installed in your car, you will need to purchase a separate cover for it. This cover will protect your CNG kit in case of any damage or theft. It is important to note that this cover is not automatically included in your car insurance policy and you will need to specifically request it from your insurance provider.
CNG Endorsement on Insurance Charges
When you purchase a CNG kit and get it installed in your car, you will need to inform your insurance provider about the change. This is known as a CNG endorsement on insurance charges. Your insurance provider will then calculate the additional premium you will need to pay for the CNG kit and add it to your car insurance policy.
Bi-Fuel Kit Covered Meaning in Hindi
For our Hindi-speaking readers, the term "bi-fuel kit covered" may be translated to "बाय-फ्यूल किट कवर किया गया है". This means that the bi-fuel kit is covered under your car insurance policy.
How to Get CNG Endorsement on Insurance?
Getting a CNG endorsement on your car insurance policy is a simple process. Here's what you need to do:
- Inform your insurance provider about the installation of a CNG kit in your car.
- Provide them with the necessary documents, such as the invoice for the CNG kit and the installation certificate.
- Your insurance provider will then calculate the additional premium you need to pay for the CNG kit and add it to your policy.
It is important to note that not all insurance providers offer CNG endorsement on insurance charges. Make sure to check with your insurance provider before getting a CNG kit installed in your car.
What Happens if You Don't Get CNG Endorsement on Insurance?
If you fail to inform your insurance provider about the installation of a CNG kit in your car, it can lead to serious consequences. In case of an accident, your insurance provider may reject your claim or reduce the amount of compensation you receive. This is because your car is now running on a different fuel and your insurance provider needs to be aware of this change.
Oriental Endorse CNG
Oriental Insurance is one of the leading insurance providers in India and offers CNG endorsement on insurance charges. If you have an Oriental car insurance policy, you can easily get your CNG kit endorsed by following the steps mentioned above.
How to Save on CNG Kit Insurance Premium?
Now that you know the importance of getting CNG endorsement on your car insurance policy, you may be wondering if there are any ways to save on the additional premium. Here are some tips to help you save on CNG kit insurance premium:
Real-Life Example
To better understand the connection between CNG kits and car insurance, let's look at a real-life example. Mr. Sharma recently got a CNG kit installed in his car and failed to inform his insurance provider about the change. Unfortunately, he got into an accident and his car was severely damaged. When he filed a claim, his insurance provider rejected it, stating that he did not have CNG endorsement on his policy.
If Mr. Sharma had informed his insurance provider about the installation of a CNG kit and got it endorsed on his policy, he would have received the necessary compensation to cover the damages to his car.
Conclusion
In conclusion, CNG kits and car insurance have a true connection. If you are considering converting your car to run on CNG, make sure to inform your insurance provider and get CNG endorsement on your policy. This will ensure that you are fully covered in case of any accidents or damages to your car. Remember to compare quotes and drive safely to save on your CNG kit insurance premium.
Also Read: 5 Interesting Facts You Must Know About Car Insurance
