After buying any insurance, it is very important to check its expiry date properly. If you do not renew the insurance at the right time, then later you will have to renew it by paying a higher premium.
It is the dream of every middle class person to have a car. In today’s time, to fulfill this dream, banks and all financial companies provide car loan facility. In such a situation, buying a car has become very easy for people these days.
But, under the rules of the Motor Vehicles Act, along with buying a car, it is also necessary to take its insurance (Buying Insurance). By taking car insurance, the customer gets many benefits.
Due to this, in case of any kind of damage to the car, people get compensation for their loss. Car insurance has to be renewed after a few days.
In such a situation, if you are also going to get your car insurance renewed, then it is very important to take care of some things. You can save money while getting your car renewed by following some easy steps-
Do the right way before buying insurance Research
Let us tell you that before buying or renewing car insurance, it is very important for you to get the right information about the new insurance company. In such a situation, if you want to do research about any insurance company, then you can get information about it online. Buy insurance only after comparing three to four companies.
Let us tell you that after buying any insurance
, it is very important to check its expiry date properly. If you do not renew the insurance all the time, then later you will have to renew it by paying a higher premium. Keep in mind that at least 7 days before the expiry of any insurance, think about buying a new policy.
Avail No Claim Bonus Bonus
If you have not taken any kind of claim in one year insurance policy, then you can get the benefit of No Claim Bonus later. Let us tell you that in the first year, you will get this benefit of up to 20 percent. Keep in mind that if you pay 5000 as premium every year, then you will get a benefit of up to Rs 1000 in the form of No Claim Bonus. Year after year this benefit increases.
Let us tell you that after buying a car insurance policy, you should also keep in mind that you should avoid taking small claims in between . By taking the cost of minor damages, you will not get the benefit of No Claim Bonus later.
