Getting car insurance can help you have proper financial cover for your car, keeping you safe from unwanted expenses in any accidental situations. If you are a car owner, having a 3rd party car insurance is mandatory according to the motor vehicles act. Driving without proper motor insurance is considered an offence in India and will attract penalties in form of a fine and jail term. By opting to get proficient car insurance you can effectively avoid such hassles. Here are the details on how to get the best insurance plan for your car. Read to know more!
What is car insurance?
Car insurance is an effective tool that provides you financial protection against any accidental damages to your car and the third party involved. There are various plans with different sets of inclusions to suit the requirements of the customers. The most popular kind of car insurance is third-party and comprehensive insurance plans. The former offers coverage only to the third party involved while the latter offers coverage to the third party as well as the policyholder. The premium rate varies accordingly. You need to carry out complete market research to pick out the best plan that suits your requirements.
Basic steps to follow to find the best car insurance –
Decide the right coverage amount
Coverage amount decides the types of plans that you can look for. Also, it helps you shortlist and select the best available deals. You must keep in mind all the things that you want in your car insurance. You can also opt for a 3rd party car insurance if you have a minimum requirement and do not want extensive coverage. It can greatly help you to safeguard yourself against any financial threats regarding the damage caused to the third party in the entire process.
The right amount of coverage also helps in saving money, focusing and spending on only what you need. It also reduces the risk of you overspending on things that are not of much use to you. Although, if you have a new car make sure to get comprehensive car insurance which will benefit you greatly.
Be prudent while considering add-ons
Add-ons are the additional features that can be made a part of your car insurance. These are the things that are not initially a part of your insurance plan but are added to it later on as per requirements. Each add-on has its own speciality and price. Depending on their utility, their prices usually vary.
You can include one or more add-ons to your car insurance to get better coverage. However, you need to be careful while doing this. Since there are many types of add-ons available in the market, people are likely to get confused between them. You need to focus on what you need, without considering the ones that seem unimportant. This will help you to avail of these inclusions in times of need, without having to fret over managing a large sum of money. You can also include such add-ons to your 3rd party car insurance plan, to protect yourself against any financial emergencies regarding your car.
Consider the online process for better offers
Buying comprehensive car insurance or a 3rd party car insurance can be done online within minutes. You do not have to go through the hassles of visiting your nearest policy provider for more details. You can connect with the customer representative online and get it done easily.
Buying car insurance through the online process can help you get your hands on better deals. Also, it is easier to go through different insurance plans and compare their inclusions. Online platforms have made it easier for various processes to be carried out. You can purchase the best Thrid party car insurance from the best online insurance provider to get the best plans at the best price. Therefore, this proves itself to be a brilliant opportunity to save both money and time.
Buy long-term plans to save more money
Long-term plans usually help you in saving money, and avail of the benefits offered by the features they have. You also get saved from the hassle of getting your car insurance renewed every now and then. The plan you buy gets continued for a long time, providing your car with prolonged coverage against any unprecedented and unbidden expenses. You can also consider buying a 3rd party car insurance with a longer tenure to avail of more exclusive and rewarding discounts. Also, with long-term car insurance plans of 3 or 5 years, there are no frequent renewals as of the yearly policy. You do not have to worry about your car insurance getting lapsed. The short-term plans need perpetual renewal and attention. If missed out, your policy gets expired and you have to reapply for it.