Car insurance is legally mandatory in India. You have to have a car insurance policy to be eligible for driving in India. You also have to get car insurance renewal before expiry because driving cars with an car insurance policy is a punishable offence. Of late, there is an upsurge trend of buying cars and to tap into the increasing demand for car insurance, a plethora of car insurance online providers have made their appearances in India’s general insurance market. If you are planning to buy a new car, you should also select the best car insurance policy to safeguard your car. The huge profusion of car insurance online plans can make you confused. So, here are some easy tips to help you find the most suitable yet cheap car insurance policy in India.
Pick the right coverage of car insurance policy Car insurance online plans available in India come with two types of coverage. The third party liability coverage is legally compulsory so you have to avail it. However, this type of coverage doesn’t offer protection to the insured vehicle of policyholders. The comprehensive coverage of a car insurance policy is optional. However, it is advisable that you opt for it as provides protection to the insured vehicle apart from taking care of third party liabilities. You have to pay a bit more on premium of your car insurance plan, but you can stay financially protected in case your car gets severely damaged or gets stolen. Select car insurance company with vast network of cashless garage You make investment in car insurance policy to get financial assistance in case of any mishap. All car insurance companies in India facilitate policyholders with cashless service in all the garages across India in their network. You should choose a provider with widest network of cashless workshop so that you can avail cashless service facility in your vicinity. Choose car insurance online provider with best claim settlement ratio Even if you find a provider with cashless workshop in your locality you cannot avail cashless service facility if you car insurance claim gets rejected. So, you should settle with the car insurer with best claim settlement ratio. Your chosen car insurance company should also be prompt and quick not only in settling claims but also in resolving grievances of policyholders. Opt for the car insurer with wide range of add-on covers in store Car insurance add-on covers enhance the existing coverage of a car insurance policy. Although, car insurance add-on covers would increase car insurance quotes, you can avail them to have better protection because even the comprehensive car insurance policy doesn’t provide all-inclusive coverage. Some of the most crucial add-on covers include zero depreciation cover, engine protector cover, Return to invoice cover. You need to find the best car insurance policy with all these add-on covers in place. Alternatively, you can also start with a regular car insurance online plan and avail add-on covers after assessing your needs on your car insurance renewal. Before buying, you should always compare car insurance quotes to unearth the best available deal.
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