Top Things to Keep in Mind When Buying Car Insurance Online

At the time of buying a new car insurance many of us get fooled and end up paying a comparatively higher price. We generally ignore important aspects and end up paying more for less coverage. Usually people opt for low premium car insurance but miss out on adequate production cover at the time of mishap.

In a task to choose a suitable option that suits your budget and most importantly your requirement, here we are listing top important things to keep in mind when buying car insurance online.

  • Third party Insurance is Essential

As per the Indian Road Safety Act and Indian Motor Vehicles Act, it is essential to buy third party insurance plan. This is vital for the first time car buyers, before they drive their new car home. While the insurance is generally provided by the dealer, one must compare policies online to pick the most apt cover.

What is covered in third party insurance?

The third party insurance will cover claims for the damage caused to the third party including injury, disability etc. Keep in mind one can’t claim for any damage caused to one’s own vehicle. As online market is booming, the competition is increasing. Thus to retain clients, online portals provide lucrative premium to grow their client base. Therefore, buying a car insurance online after comparing will prove more beneficial.

  • Choose a comprehensive cover providing better protection

While looking online, ensure the plan you have chosen for yourself covers damages caused to you as well as your car during an accident. This will also ensure that your car is protected against accidental fires and thefts etc. You might have to pay a slightly more for this, but it is an important aspect and one must not ignore this. People generally ignore these parameters before choosing car insurance online.

  • Search for Additional Covers if Needed

Many of us don’t opt for additional covers, but purchasing add-ons will ensure proper protection for your car. For example, if your car breaks down while going in the middle of nowhere while returning from a party, the road side insurance team can instantly come for your rescue. Before you finalize the roadside assistance cover, you should consider the following factors like, how old is your car, plan prices and number of services available.

  • Save on Premium

If you feel you are spending a lot on your car insurance, here are few tips to reduce the premium of car insurance. One such way is to go for voluntary deductibles, which means you agree to share price of repair in case of any claim. Clients can also benefit from the no-claim bonus, offered to the car owners from the insurance company. Car owners who don’t make any claim during the term of insurance, qualify for the discount on the renewal of the policy.

  • Renewing on Time is Important

As much as it is essential to choose a nice insurance for your car, it is also essential to renew insurance policy on time. You can easily renew your insurance from the website of the insurer. The car insurance is generally renewed every year and vehicle owners get reminder either via a call or email before the renewal time. It is beneficial to renew motor insurance at the right time to prevent the trouble caused because of lapse in insurance. Car owners end up paying more premium and huge fine in case of significant lapse in time.

Note: Saving money should not be the only aim when buying car insurance online. Make it a point to read insurance quotes carefully, before enrolling and save yourself from being tricked. A good insurance is one that protects you as well as your car from all possible damages.

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