Car Insurance: If you also take insurance from the dealer while buying a car, then it will cost you dearly. The best way to do this is to research online and compare and buy.
Car Insurance: Most of the people buy a new car in the festive season. Generally, people consider the colour, engine, features and price while buying a new car. But at the same time, it is important to think seriously about car insurance as well. With car insurance, you can get rid of worry about your car. Insurance helps to cover any damage that may happen to your car. However, doing research while buying car insurance is as important as buying a car. We have mentioned some important things to help the car owners. Through these, you can choose the right car insurance for you. While buying insurance for a new car, keep these 5 things in mind.
Do research before choosing an insurance company
Even if you take insurance from the dealer while buying the car, it will cost you dearly. The best way to do this is to research online and compare and buy. There are thousands of companies in India that offer car insurance. However, among these thousands of companies, you should choose only those who are brands and have credibility. Just as you consider every aspect of a car before buying it, you should also do research before buying insurance. Car insurance provider can make or break your experience. A good car insurance provider with positive rating in the market provides better support and service.
Car insurance has many benefits
The range of cover is one of the most important aspects of car insurance. Most people buy insurance because it is mandatory. But here it is very important for you to know about its other aspects. Through insurance, it is easy to compensate for the damages caused to your car during accidents. If you buy a comprehensive plan with better cover, it means that you are preparing yourself better for any risk.
Claim Settlement Ratio and Review
The next thing to consider while buying car insurance is the claim settlement ratio of the insurance provider. Insurance Regulatory and Development Authority of India (IRDAI) releases the claim settlement ratio of insurance companies from time to time. This ratio will help you in assessing the claim settlement capability of the company. Apart from this, you should also pay attention to online reviews, feedback etc. while choosing an insurance company.
policy portability
Portability is a term that people often associate with mobile networks. However, policy portability in insurance means switching between different car insurers. The concept of policy portability works similar to SIM portability. This facility will help you to switch to another insurance company if you are troubled by your car insurance insurer. Whenever you buy a policy, remember that it is not an obligation on you to continue with the same company.
Understand before buying a policy
Car insurance providers are working hard towards simplifying the insurance process. The good thing is that the experience of policy buyers is getting better due to helpful executive, responsive online website and user-friendly mobile application. But while buying car insurance, it is important to read and understand the policy thoroughly. Insurance is like a contract and it is very important to read and understand its terms.
