5 Tips to Save Money on Car Insurance Online
Every auto owner thinks
buying car insurance online is a big headache. But, if purchased carefully,
buyer can save some handsome amount of money on premium and also own some added
benefits at the same cost. Below are five tips which customer can keep in mind
while renewing his or her motor insurance online:
·
Compare Different Online Vehicle Insurance Policies
It may
look like a hectic tack and continuing with your current plan may seem to be
the best decision. But, comparing various online insurance products through
several websites makes this procedure hassle-free and easy.
·
Read Policy Documents Carefully
It is
advisable to read the policy fine print and know the hidden clauses while
purchasing car insurance coverage India. Go through each detail and understand
their implications to avoid any kind of hassles in the long run.
·
Know Your Car’s Value
Calculating
your vehicle’s value can save you from paying out large motor insurance
premiums. Insurance experts suggest auto owners to calculate their car’s market
value before renewing their policies. When vehicle owner knows the depreciated
value of the car, he or she can easily negotiate with his or her insurance
service provider over the premium amount and can save a lot.
·
Avail No Claim Bonus
Car
insurance online policyholder is rewarded by the insurance company in India for not
registering any motor insurance claims under his or her existing plan. If you
have no claim bonus, then do not forget to claim it when your policy matures
because it can decrease the premium amount by up to around 50 percent over the
years.
·
Claim Higher Deductibles
Industry
professionals always advised that by claiming higher deductibles, insured can
decrease the premium level which is paid later. The term ‘voluntary deductible’
means the amount policyholder pays at the time of car insurance claim. In case
insured pay a higher voluntary deductible, then he or she can save some money
on premiums.
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