5 Things to Note When Buying Car Insurance

Your four wheeler purchase will always remain a special investment for you. You will surely want everything perfect in your car. So, whether you are thinking about its mileage, features, or colour, you should do a wise research on all aspects and then only make a right decision. An insurance plan is no different.

Essentials when purchasing care insurance

Here we are discussing 5 key points that you should consider when getting online car insurance.

1.     Types of insurance

In general, there are 2 types of insurance plans. One of which is the third-party liability that is mandatory in India. Another one is comprehensive insurance. It is always better to purchase comprehensive insurance as it covers third party liability together with personal liability, accident and theft.

2.     Shop Around

There is a great chance that your car loan service provider will itself suggest you a car insurance cover. But, it is not obligatory to get the car insurance from them only. Don't just settle down on the car insurance that dealer is providing, check out for various other options too. Online car insurance research should be performed to know what insurance comparators' are offering. Also, keep in mind that purchasing online car insurance is cheaper.

3. Look out for the comprehensive cover that provides better protection:

You are also recommended to seek a comprehensive insurance plan which will provide protection for losses and damages caused to you and your car in the accident. Moreover, it also saves your car from accidental fires, thefts, and further losses. Don't just overlook comprehensive coverage for saving on premium prices as third party vehicle insurance does not provide any cover for you or for your vehicle.

4.     Do not nullify coverage when customizing your car

In case you are customising your car, just ensure that any kind of change made to your vehicle does not nullify the coverage of insurance. The smallest amount of cosmetic changes should be acceptable.

But, modification in the engine or any mechanical setup is generally not included under the standard cover. Moreover, there is a limit to the extent of customisation which can be insured under any insurance plan. Do ask your provider about any such limits prior to giving your car that facelift.

5.     Make selection of the right add-ons for your vehicle

Add-ons are the best way to help in providing adequate coverage to your loving car, in accordance with your individual requirements. Trendy add-ons available include:

•    NCB protect (assist in keeping the discount through no claims, even when making a single claim in the year),
•    Zero depreciation (assists in getting compensations for car parts replaced as per the actual cost but not the depreciated cost), and
•    Roadside assistance

All these add-on covers help you in cutting down unwanted charges allowing you to add up savings on protecting your car.

Buying an online car insurance isn’t trickier like people believe it to be, but it surely needs a proper research and knowledge of the domain to save yourself from falling into the traps of fake dealers.