Insurance experts say that the customer should compare policies online before buying any policy.
Car insurance: The festive season is going on. There is a record sale of cars in this. In such a situation, if you are also preparing to buy a new car, then by taking care of some things, you can save a good amount on car insurance. According to insurance experts, customers buying a new car can save a good amount if they buy insurance online instead of buying it from a car dealership.
If you have a car worth Rs 10 lakh, then you can easily save Rs 10,000. At the same time, this amount becomes bigger on an expensive car. On the other hand, if you want to renew the insurance, then you should explore the insurance options online. Along with this, customers can save a fair amount on premium by understanding their needs.
Insurance experts say that the customer should compare policies online before buying any policy. Even if you spend an hour comparing insurance policies, you can save a lot of money. Yes, do not forget to check the features available in the insurance while buying the policy.
Understand Like This by Example
For example, the dealer charges a premium of Rs 35,000 for insuring a mid-size sedan with a 1.6-litre engine. However, when you search online, you will get insurance for the same car for around Rs.26,000. If you get an SUV with a 2.2L engine insured at a dealership, it will cost you between Rs 60,000 to Rs 70,000, whereas online you can get the same insurance for Rs 45,000.
Use No Claim Bonus Wisely
Experts agree that when your vehicle meets with an accident, you must get an estimate of the cost of repairs. In case the amount to be paid by you is less than the claimed amount, then you can waive the claim. If you ignore making small claims, then you will have to pay less premium at the time of renewal. For information, let us tell you that no claim bonus is the discount that is given to the person on the premium during the renewal of his motor insurance. This means that if the person taking the insurance does not make any insurance claim throughout the year, then the company gives him the benefit of no claim bonus in bonus.
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