Car insurance becomes a problem when we do not pay attention to the
hidden conditions and choose a
wrong policy. It not just burns a hole in your pocket but is many times worse than some other
cheaper available policy from a different vendor. Taking care of the problems being faced by thousands of users daily, Maxabout brings you the
most important tips to consider before buying a car insurance in India.
5 Tips for Buying Car Insurance in India
1) Compare & Crosscheck
Before you finalize your best possible option,
you should even compare the policy's price and list of facilities being given with the same. If you are getting few more options on the same price as the one you selected, the feeling of being lucky would stay with you for another 1 year. Agents will try to sell you the one which is
most profitable to them. You can question and ask about other policies for your car. Companies offer
more discounts online as there is no broker within the process.
2) Right Policy Type For Your Needs
You will mostly come along
many different types of policies, one offering complete damage care while the other only covering the third party. You should select your policy type by knowing your needs and the surroundings. If you feel theft chances are more in your area, you can have that option included while options like
insurance of the persons inside the car at the time of accident are also available.
Spend your money wisely and see if you can get maximum benefits on the least premium being paid.
3) Cash or Cashless
When it comes to claims, paying in advance and then getting the money back later is not always an option. You can choose the
cashless facility in case you feel that paying too much at the same time as the accident is not possible. It
costs a little more but saves a person from lots of hassles and the panic which is created at the time of accident.
4) Assistance or No Assistance
The policy which feels cheap not always comes with more benefits. Some of the policies by
reputed insurance companies are widely accepted while many others are
restricted by the garage owners around the country. You should focus on the one which is covered over most of the stations as those with limited features and least compatibility will cost you more at the time of the mishap. It is not that they will refuse to work but even if you bought a
cashless policy and paid in advance for the repair in some other city, the worth of the policy ends itself. Some
even offer road side assistance across India, helping people by solving their problems at single phone call.
5) No Claim Bonus
The
same is offered when your policy matures over years. See if the right amount of No Claim Bonus (NCB) is deducted from your policy's price as it can prove out to be a wrong fact if you apply for a claim. A wrong amount will simply not let the company settle the claim. You
can even get your NCB after changing the vendor of the insurance policy.
