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Insurance Article

Tips to buy cheap car insurance in India

October 13 2014

Most importantly, the insurance plan should suit your requirements and budget. Here are several ways in which you can get cheap car insurance in India.

How to select an affordable car insurance policy?

A Comprehensive Policy

In order to select a car insurance policy that ideally suits your requirements budget, it is crucial to measure the extent of coverage guaranteed by the car insurance plan. For an optimal insurance need, a comprehensive plan is the best bet. The policy offers cover against a number of unforeseen events such as man-made and natural events.

Reputed Provider

Another important thing to do is to buy car insurance policy from a reputed insurance provider. This is important to make sure you experience hassle-free claim process.

The Third Party Liability

Buying a comprehensive policy will also offer you the third party liability benefits. This means you will be relieved of the stress that occurs due to damage to third party property or injury to individual by your vehicle. It also covers permanent injury or death of an individual by your vehicle.

Immediate Medical Help

Buying a car insurance plan in India also insures the vehicle owner against injury and other medical expenses incurred due to an accident or road mishap. This cover is usually offered to vehicle owners as an integral part of the comprehensive policy. No extra premium is required for this cover.

Natural Calamities

The comprehensive car insurance cover in India guarantees protection against ‘acts of God’ or natural calamities. These perils are out of human control. Here is a list of natural calamities covered by insurance company in India:

  • Self-ignition
  • Fire Explosion
  • Typhoon
  • Earthquake
  • Lightning
  • Flood
  • Frost
  • Storm
  • Rockslide
  • Hurricane
  • Hailstorm
  • Landslide
  • Tempest
  • Inundation
  • Cyclone

Man Made Calamities

The comprehensive car insurance in India will ensure cover against the following man-made calamities:

  • Burglary
  • Theft
  • Riot
  • Strike
  • Malicious act
  • Accident due to external means
  • Terrorist activity
  • Damage done due to transit by rail, road, inland waterway, air, lift, or elevator

Your car is an investment. Buying a car insurance plan will help you secure this investment for life. The plan also guarantees relief from financial burden faced due to a misfortune.

Did you Know?

Apart from the above stated cover options, the comprehensive car insurance policy also ensures many features. These may be easily included in your policy at a slightly higher premium. The best example for this cover is the zero depreciation cover.

What is zero depreciation cover?

The cover allows you to repair your car without any depreciation in its parts. This can be done at any of the garages listed in the car insurance company network.

The car insurance plan can bought easily online. The best part is that you can buy it at any time of the day from the comfort of home. The major advantage of buying a plan online is that you will be issued a digitally signed policy immediately without having to allot a specific time period to visit the insurance office or the agent to get a copy of your policy.

How to get cheap car insurance?

There are many ways to get affordable car insurance. Here are some tips to save money on vehicle insurance purchase:

Low Risk Customer

You may get discounts from insurance companies via categorizing yourself as low risk customer. Showing a clean driving record will help you do so.

Low Risk Car

Equipping your car with ARAI approved safety equipment will help you get significant discounts on car insurance premiums.

Cheap car insurance quotes

This is one of the best ways to get affordable car insurance. Cheap car insurance quotes are easily available online, these days. You just need to get these quotes and understand what a plan offers. You need to match these details with your specific car insurance needs and budget. Comparing various quotes online will help you get the best car insurance plan at lower premiums.

Know your Car Insurance Requirements

This is a crucial factor in getting the best car insurance plan at lower rates. Prior to actually deciding on buying an insurance policy, you need to prepare a list of your requirements. Know about the cover you wish to include in your plan. Excluding some of the fancy covers will help you cut down on car insurance premium.

Use Less

This may be surprising for you but the trick may work. You can actually reduce your car insurance premium via using it less. You can use a public transport or car pool. This way, the car insurance company will categorize you and your car into low risk group and offer discounts on premium costs.

Buy Third Party Liability

If cost is the major concern, you can buy only the compulsory car insurance option; third party liability cover. This is affordable and will require only a minimum premium cost at regular intervals.

To buy cheap car insurance cover, it is important to follow the above stated tips. This will help you buy a car insurance policy at lower price without having to compromise on the quality. There are many other ways to save money when covering your vehicle. Buying online is one of them. This allows you to use cheap car insurance quotes.

Understand that rates for car insurance may vary greatly according to your requirements. A little efforts from your side will help you get affordable plan for your vehicle.

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