Things to Consider When Buying Your Car Insurance Policy

A car insurance policy is not a choice but a necessity for car owners. It provides the needful financial cover against theft, damages, and third-party liability. So, insurance is a way to minimize financial losses. Often, car insurance companies allow customers to boost their basic policy through riders. These riders are known as add-ons, giving extensive coverage and helping you to get your insurance plan customized as per your needs. Since a car insurance policy, be it a Maruti Suzuki plan or others, is vital, you must be careful while deciding and buying it. With sufficient information about insurance plans offered by various companies, you can weigh your insurance policy options and get the one that offers great coverage and maximum benefits. To help you make a well-informed decision, here are some key points to consider before purchasing an insurance plan for your car. 

Check the Reputation of the Company

First of all, you need to do some research on different companies in the insurance market. The approval of claims mainly relies on the status of the insurance company. Make sure you choose an insurance provider that has a reputation for providing good coverage under a competent price, a higher claims settlement history, quick action once the claims are registered, and good customer support. Avoid buying your insurance plan from a company with a poor track record in claim settlement and customer service.

Prior Knowledge of Premium Amount

One of the most important points you need to consider when buying a car insurance plan is checking the premium amount. Usually, a third-party insurance policy is sufficient to fulfill compulsory requirements. However, it is wise to go for a comprehensive plan that covers accidents, damages, insurance for the co-passengers, and more. The right car insurance policy is the one that offers enough coverage at a fair price. It would be valuable at the time of claims if you prioritize coverage rather than the cost you are paying. You can research and take the help of online tools to check aspects impacting the insurance premium and then purchase the plan as per your budget and requirements.

Consider Add-ons 

It is good to be very careful and practical while purchasing add-on covers. Add-on covers provide extra coverage that is not usually added to the comprehensive insurance policy. Purchasing add-ons is optional and depends on you whether you need them or not. You need to shell out some extra money along with the premium amount to get the advantages of an add-on cover. You can select add-on covers like roadside assistance, accessories cover, NCB protector cover, key protection add-on, and zero depreciation or bumper cover.

Network Garages

The network workshops of the insurance companies offer free car repair services for damages sustained by the car during the validity of the plan. Thus, when buying an insurance plan, you should check how vast the cashless network of the company is. 

These are a few vital points that you should consider when buying a suitable insurance plan like the Maruti Suzuki insurance policy. Besides, timely renewal of the plan is crucial. Otherwise, it will attract a penalty for driving without insurance under the new Motor Vehicles Act, 2019. Also, the absence of an insurance policy can cause costly accidental affairs in the event of any mishap. If you do not get the policy renewed on time, the insurance provider might wish to examine your vehicle thoroughly before the renewal. It may increase the premium amount. It is always wise to get your car insurance policy renewed on time.  Now, with the Maruti Suzuki Rewards app, you can easily keep a track of your car's insurance renewal. All you need to do is add your policy details in the app and it will start showing the expiry date so that you can get it renewed on time.

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Created on Jan 6th 2022 04:19. Viewed 231 times.

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