Planning to buy car insurance policy for your new car? How do you choose a plan? the number of options available now, it can be confusing Motor insurance / auto insurance also known as car insurance is meant to protect your vehicle against unexpected risks. It helps cover against financial losses caused by accidents, theft or third party liability. While buying a plan, there are parameters that customers need to consider, choosing a policy from a reputable car insurance company can be the most important in processing claims. click here
To be affordable one can look for a cheap car insurance policy, one should balance it with the features and claim processing track record of the insurer. Today, with the advent of the Internet, consumers can buy car insurance online from the comfort of their homes !.
Types of Auto Insurance Third party insurance This policy does not cover damage caused by damage to the vehicle or the insured. As the name suggests, it covers the third person injured in the accident. The policy covers your legal liability arising out of damages caused by you while using your vehicle only to third parties – death, bodily injury and damage to third party property.
Having this plan protects you from any legal repercussions arising from third party liability. Also, accommodation third party insurance is mandatory by law in India.
Comprehensive insurance Comprehensive insurance is a type of vehicle insurance that provides cover to the insured person through the insured vehicle or bodily injury, including third party loss/damage. The scheme also covers vehicle damage due to theft, legal liability, personal accident, man-made/natural calamities etc. As the plan offers comprehensive coverage, though the premium cost is high, consumers prefer this policy.
Compare car insurance Car insurance in the form of third party liability is mandatory in India, given this, one needs to carefully compare and select insurance plans. An effective car insurance comparison helps you get quality plans from top insurers. Some of the factors below can be looked at to compare car insurance policies in an efficient way: 1. Compare coverage options When comparing a car insurance,
it is very important to find a plan that provides adequate coverage. Some common coverages are – loss or damage due to accident, theft, man-made/natural calamities, third party liability, etc. Apart from this, check the availability of optional coverage like roadside assistance, personal accident (PA) cover for driver and passengers and no-claim bonus (NCB) discount. 2.
Compare premiums Another important thing you should look at when comparing insurance is the final premium you will have to pay. Most of the time consumers look for the cheapest plan, but under such plans, many insurers will not provide good coverage.
Car insurance quotes When comparing a car insurance, you need to consider the amount you are willing to pay in premium in case of adequate coverage available. Depending on your vehicle model, date of manufacture and engine type ( Petrol /Diesel/CNG) you need to understand what cover is required for your vehicle. Today, you can get quotes from multiple insurance companies to compare premiums and features to make an informed decision about which policy to choose. click here
Car insurance online Nowadays
the most trend to buy car/motor insurance policy is through online mode. Online mode is an easy and convenient medium to find quotes and information about companies that offer car insurance. While buying car insurance online, one needs to know the make and price of the car, model, year of manufacture, vehicle identification number, driver’s license number of the insured person.
Cheap Car Insurance: Tips for Buying a Cost-Effective Plan When one looks at a car insurance policy, one wants to buy a featured plan that is also a cheap car insurance policy. By looking at some basics and following a step by step approach one can get a good plan, When shopping for a plan, compare insurance quotes from different insurers. You must compare both price and features.
If you are looking for maximum cover, choose a comprehensive policy and see what additional riders/covers you can take, as today, many insurers offer additional riders like zero depreciation etc., a comprehensive policy covers many unforeseen events for both man-made/natural events. Provides coverage against One should also look at their own risk classification (low-risk or high-risk). As a low-risk customer, you show the insurer a clean driving record and therefore you can get a premium discount.
Car insurance companies Motor insurance or vehicle insurance is offered by most of the general insurance companies in India. Some of the companies offering car insurance companies in India are as follows.
National Insurance Company
You get a host of car insurance benefits by national insurance companies such as cover on any loss, damage, injury or liability. But the owner of the vehicle must be the registered owner of the vehicle.
- Fire, explosion, self-ignition or lightning
- Robbery, burglary or theft
- riots and strikes
- corrupt law
- Terrorism Act
- Earthquake (fire and shock) damage
- Floods, typhoons, hurricanes, storms, tempests, floods, cyclones and hailstorms
- Accidental external means
- While in transit by road, inland waterway, elevator, lift or air
- By landslide/rock fall
Oriental Insurance Company
Oriental Motor Insurance offers a wide range of coverage, such as:
- Accidental damage or vehicle damage
- Third party liability, owner-driver personal accident cover
- Various add-on covers at additional premium
- Robbery, burglary or theft
- Fire, explosion, self-ignition and lightning
- Earthquakes, floods, storms, landslides or rockfalls, inundation
- Terrorism, riots, strikes, hateful acts
- Transit road, rail, inland waterway, air & lift.
ICICI Lombard General Insurance
The policy helps protect you against damage to your vehicle due to natural and man-made calamities including terrorism.
Some of the benefits offered by ICICI Lombard car insurance are as follows:
- You are far from assured of roadside assistance to help with a call accommodation, minor repairs etc
- You can avail cashless service at 4,300+ network garages
- Get instant policy online with minimum paperwork
- The policy offers a zero depreciation cover and replacement parts coverage with no deduction for depreciation.
- Get garage cash cover for every day until your car is in the garage.
United India General Insurance
Car insurance in United India fulfills the requirement of third party liability coverage. The policy is issued for a policy term of one year. However, newly purchased vehicles can get a plan with a three-year term.
Some of the inclusions of United India Car Insurance are as follows:
- Loss or damage caused by fire, accident, theft, riot, strike, explosion, act of terrorism and act of malice
- Loss or damage due to natural calamities including earthquakes, landslides, floods etc
- Personal Accident for Owner-Drivers
- Cashless repair facility.
HDFC ERGO General Insurance
You can protect your car with car insurance from HDFC ERGO and ensure peace of mind for yourself. The plan offers the convenience of over 7100 cashless network garages so you can enjoy a stress-free drive. You get 24×7 roadside assistance with instant car insurance quotes
Car insurance plans provide all-round protection by offering the following coverage:
- an accident
- Personal accident cover
- natural disaster
- Third party liability
- Add-on preferences
- theft.
Bharti AXA General Insurance
Bharti AXA car insurance offers three types of plans namely third party liability coverage, comprehensive car insurance , and stand alone damage with plenty of add-on covers to choose from. Both third party liability and comprehensive cover plans of Bharti AXA include compulsory personal accident cover for owner-driver.
Car policy covers any loss or damage to the owner’s vehicle due to any of the following:
- Accidental fire
- Lightning
- Self-ignition
- explosion
- theft, riots & strikes & malicious acts & terrorism
- Earthquakes and floods cyclones
- Flood transit by rail, road, air and elevator.
Conclusion
While we have seen the important parameters that affect car insurance, one thing you should never forget is to read the terms and conditions of the insurer. Remember, this policy isn’t just for you and your car, it’s also about the person driving behind you! So, buy a quality plan today and protect yourself from the unseen!.
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