How to Switch Car Insurance Companies?

You all know that car insurance is a legal requirement in India and so you have to carry your car insurance policy. If you have been carrying the same four-wheeler insurance policy, you may look to change car insurance providers for various reasons. You might not be pleased with your present car insurance provider or you might be on the lookout for better car insurance deals. Whatever may be the reason for a changeover, if you follow the right steps you can have the best four wheeler insurance policies from a new car insurance provider

Ensure sufficient coverage

While looking for the best motor insurance policy, you should make sure complete protection of your cherished vehicle. You have to keep in mind that even a package car insurance policy does not cover all damages. Hence you should consider a range of car insurance add-on covers such as hydrostatic lock cover, zero depreciation cover, engine protection cover and so on. You may have to pay a little extra premium but you can rest assured that all types of losses are covered.

Premium is not the main factor

When you have already decided to change your current car insurance provider, you ought to compare motor insurance policies. While comparing, you should not only focus on the insurance premium. A low priced car insurance plan might not provide adequate coverage; on the other hand, a motor insurance policy with high premium cost might come with features inappropriate to your needs. Hence, you need to compare vehicle insurance not only on the basis of car insurance premium, but in terms of benefit, coverage, and exclusions as well.

Claim settlement history

One of the leading reasons for changing car insurance provider is the claim settlement record. If you don’t get the desired claim amount of your car insurance policy or the claim is approved too late, then it is quite natural to search such insurer who has quick and hassle-free claim settlement record. As you are all set to change the car insurer, you should ensure that this time around your chosen insurer boasts a high claim settlement ratio.

Cashless network garage

Most car insurance providers in India have an extensive network of cashless garages. You can get your damaged four wheeler parts repaired or replaced from these workshops without having to pay from your pocket. Motor insurance companies usually clear up the bills directly with the garages. When you compare vehicle insurance online you ought to choose the provider with maximum cashless garages so that you do not have to go miles to avail the cashless services.

Apart from these features, you should also go through the customer reviews about different car insurers before settling with a provider finally. GIBL.IN, an insurance broking portal can help you in this regard. You can avail ample options for motor insurance to choose from.