Car insurance is very significant in terms of all the protection and coverage it co0mes with. Not having a valid car insurance policy may cost you to pay a hefty fine. Third party vehicle insurance is mandatory in India as per the Motor Vehicles Act 1988. But, you shouldn’t keep that coverage within the third party cover only. You should always make sure that your motor insurance coverage is ample enough to protect any loss or damage. Therefore, comprehensive car insurance is suggested. Since the third party liability only covers protects you in case of any third party legal claims arising out of any injury, death or property damage of a third party, it doesn’t offer any coverage to you or your vehicle.
Everyone wants the best car insurance for themselves. However, not everyone follows some necessary steps by which they could easily acquire the best car insurance policy at a considerably lower price. Let’s find out some of the factors that you must consider in order to avail the best car insurance policy the lowest price.
Compare Car Insurance Quotes Online:
The perfect yet the best way to avail the best car insurance policy at a low price is to compare various car insurance quotes online by making use of various online car insurance comparison sites. But you must make sure that you pick the best motor insurance comparison site such as GIBL.IN which shows you an unbiased result when you compare them.
Choose the Best Car Insurance Company:
There’s no denying the fact that it is the best car insurance companies that offer the best motor insurance plans. You will be required to do some research on various motor insurers. You can do it online or you can also ask your friends and relatives regarding the reputation of any individual car insurance company. Do consider the claim settlement ratio and a number of network garages of the company you choose.
Buy or Renew Car Insurance Online:
There are a plethora of car insurance companies in India and they all have made themselves present in the online marketplace. You can also choose an online insurance comparison and purchase site such as GIBL.IN to buy car insurance online. When you buy car insurance online from an online insurance broking marketplace you can become eligible to avail attractive discounts on the premiums.
Do Not Make Small Claims:
No Claim Bonus (NCB) is a particular amount of discount offered on the renewal premium by the motor insurance companies on the condition that no claim has been made in a policy year. If you abstain yourself from filing a motor insurance claim against small damages that can be settled from your own pocket you can avail a discount from 20% to 50% on the car insurance renewal, depending on the number of claim free years.
Apart from the above-discussed points, you must keep a few additional factors in mind to avail the best car insurance policy at the lowest premium. Do make sure that you know the exclusions of your car insurance policy, choose a company that offers 24/7 customer service assistance etc.
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