Car Insurance Buying Tips: Are you also confused about car insurance, then today we will tell you 3 things which you must follow.
Car Insurance Buying Tips: Is your car insurance about to expire or are you confused about which insurance to take with the new car? So today we will tell you what things to keep in mind before getting car insurance. Having car insurance is very important today. It can save you from financial loss in case of accident, theft or any other kind of damage.
It is also an important document from the legal point of view. You cannot drive a car without insurance. If you are caught driving without insurance, you may have to pay a heavy fine. Therefore, invest in a good insurance policy and keep these 3 things in mind.
Understand your needs
In India, there are two types of car insurance, first third party and second comprehensive insurance. In third party insurance, the entire claim of any accident caused by you is given to the other person. On the other hand, comprehensive insurance not only covers the damage caused to others, but also covers damage and theft to your own car. So choose an insurance that meets your needs and also fits easily in your budget.
Check the claim settlement ratio
Before buying an insurance plan, always check the claim settlement ratio of the insurance company. CSR tells you how many claims the insurance company has cleared in a year compared to how many claims were filed. Also, find out how claims are filed with the company from which you are buying insurance.
Compare plans
There are many different types of insurance plans available in the market as well as online. Take a decision only after carefully looking at all the insurance plans and comparing them. This will help you easily choose a plan that meets all your needs. Also check whether the company is offering some add-ons in the insurance or not.
