Have you purchased a car lately?
If yes, then probably you would have bought a car insurance policy for sure.
Isn’t it? So, from where did you buy that? Perhaps, from an insurance agent who
claimed to have a tie-up with an insurance company? Chances are there that he
or she might have given you the policy on the basis of the on-road price of
your car. Is it right? And from the next year of your policy commencement, you
were asked to pay the just the premiums for policy renewal. If this is what that
happened in your case, then you are advised to go through this post. Always Compare Car Insurance before buying!
What is a car insurance plan?
Well, most of the car owners or
even who don’t own a car know what is a car insurance policy. A plan that
protects you financially in an event of accident is known as car insurance. Under
such policies, your insurance provider is liable to pay for the damages as well
as repairs of your car. In case, your policy includes third-party insurance,
then the extent of coverage increases accordingly. Moreover, the premium of
your car insurance depends upon a number of factors. The pointers given below
would help you know the ways for keeping your premiums down, as much as
possible. Take a look:
Go by the rule - According to the rules and regulations of
the Indian Motor Vehicle Act, there are some requirements you need to fulfill,
in terms of car insurance. There is a
limited liability part that should be purchased by all car owners. So, you can
restrict your policy to the same. You can always opt for more coverage, but in
that case you have to pay more on your premiums.
Drive safely, as much as you can – This is one of the
best ideas in any case. The more cautiously you drive, the lesser chances of
accidents (minor to major), the lesser insurance claims would be made. The best
part – you become eligible for no claim bonus (NCB). This would reduce the rate
of your annual premiums by about 10% to 20%. However, the NCB amount might differ
from one service provider to the other. Therefore, do Compare Car Insurance beforehand.
Refrain from buying unnecessary riders – Your
insurance agent is more likely to persuade you to get additional riders on your
car insurance. However, it would be better not to go for those, until and
unless it’s extremely important. The more the riders you buy, the more the rate
of premiums you pay. On top of that – most of the riders would seem to be
pointless after certain period of time.
Mount an anti-theft device – This might be a new piece of
information for you, but most of the insurance companies offer certain amount
of discounts if the policyholders install an anti-theft device gadget in their
cars. So, make sure to get one. These devices are not very costly and easily
available. However, make sure to buy a product that is approved by the Automobile Research Association of India
(ARAI). Top of all don’t forget to Compare
Car Insurance before shelling out.
No comments:
Post a Comment