Any vehicle that you buy needs an insurance policy. Buying a car insurance in India will give you many benefits. Many people buy car insurance without comparing or researching about it and jump into the premium factor directly. Based on the premium, people select their car insurance policy without considering the consequences of inadequate coverage.
There are 5 methods to choose the best car insurance policy:
1. Compare Key Features Provided by the Insurance Coverage
Shortlist motor insurance policies and then analyse them in terms of the coverage they provide. All the key inclusions must be present in your insurance. Coverage of natural disasters, man-induced calamities, third party liability in comprehensive policies; monetary compensation for third party injuries or death and property damage in third party car insurance; provision to add personal accident cover and more.
2. Roadside Assistance Cover
If you are stranded because of the engine breakdown or an accident or even if the tire of your car is punctured, you will be provided with the option of availing roadside assistance. This will enable you for calling your insurer as well as make a request for a sending a mechanic at your location.
3. Zero Depreciation Cover
When a selection is made for adding zero depreciation cover to your car insurance policy, the insurance company waives off the depreciation on substituted car parts. The significance of this is that you receive the full cost of car parts and do not have to shell out any money from your own pocket.
4. Options for a Flexible Car Insurance Coverage
A flexible coverage is always significant when you buy the best car insurance policy. There is no ‘one-size-fits’ kind of policy because the consumer base is varied. Your car insurance policy must depend on certain insurance needs. The insurer provider who offers the flexi-coverage facility should be prioritized over other needs. If a pre-existing package is offered by the insurance provider which is tailor-made according to your needs and requirements. A positive sign must be taken into consideration.
5. Compare Insurance Premium Online
There are many great deals on the internet. However, it is essential that you visit reputed brand websites and purchase a policy from them rather than anywhere else. You will get a decent deal online if you take the time from your busy schedule and do a little research on the Internet.
When you compare car insurance plans online, you must keep certain points in mind:
· Always compare car insurance plans that are offered by different insurance providers.
· You must also ensure that the comparison site computes premium on the fixed IDV (Insured Declared Value).
· Insurance premium quotes can be generated on car insurance premium calculators online.
When you buy any vehicle, buying the right cover for it is also very important. You must only choose the policy after carefully going through fine print because insurance policies are the very definition that is written in the policy wordings. You are still required to compare quotes from various insurance providers and see who is offering you the best deal. Therefore, always compare car insurance before finalizing.