Articles 257 views January 3, 2020

New Tips to find the Best Car Insurance Policy for Family in India

There are many car insurance policies available in India these days. While most of them are comprehensive and very well-designed, not everyone matches the requirements of everybody. As a result, a person must do some research and then select the most suitable car insurance plan. Take a look at this article to get some useful tips for selecting the best car insurance plan for a family.

Tips to find the best car insurance policy

Listed below are some interesting and handy tips for you to find the best car insurance policies:

1. Assess your requirements

Begin by assessing your own requirements. You need to know what your needs are, as only then can you find the perfect car insurance plan. As mentioned above, there are several car insurance policies available in India these days. Not every plan will be of use to you. You need to choose the correct motor insurance cover after assessing the make and model of your car, its age, etc.

2. Make a budget

The various motor plans from the various general insurance companies of India are available at various price rates. Some are expensive, some are cheap. You need to see how much you can afford to spend on the auto insurance plan. If you can spend more, go for a plan that offers a larger and more wholesome cover. Else, settle for a car insurance plan that is compact and well-suitable to you and your budget.

3. Select the correct type of cover

Car insurance is available in two variants – third-party liability and comprehensive. See which type of car insurance you need and then go looking for a good plan in that category. If your vehicle is old and basic, you can go for a third-party liability plan. If it is new and very expensive, you definitely need a comprehensive car insurance policy. Understand the differences between the two types of motor insurance variants and then choose your ideal policy.

4. Compare

You need to compare motor insurance before you buy a policy. There is no alternative to this. Unless you compare, you cannot find the best policy at the best rate. It is very easy to compare. You can do it online in just a few seconds. So definitely compare the quotes if you want to find the best car insurance plans for a family. If you do not compare and decide to buy the first plan you come across, you may remain uninformed about the cheaper alternatives and end up paying an unnecessarily high price for the same plan.

5. Shop online

Motor insurance is widely available online these days. The online plans are popular as well. This is mainly because the online plans are much cheaper than offline motor insurance plans. If you want to save money and make a smart purchase, consider buying car insurance online. You can also make an unbiased decision while doing so as brokers won’t push you to buy specific plans in the online space.

6. Use your NCB

Never forget about your no claim bonus, or NCB, when buying motor insurance. If you have some accumulated no claim bonus lying, make sure you inform the insurance provider when buying a new car insurance policy. The NCB is always transferred to a new policy and you get a handy discount on the car insurance premium. Use your NCB and make a smart purchase.

7. Select the proper riders

Car insurance riders are add-on covers that are available at an added cost. You can buy as many riders as you wish and attach them to your basic car insurance plan. This is the best way to make motor insurance flexible and customised to your exact requirements. You can make a very profitable deal if you choose the proper riders. However, you should remember to buy only the riders you need and not every single car insurance rider you come across.

8. Look for a suitable insurer

And last but not least, take care while choosing the insurance company from whom you buy your policy. The insurer needs to be good and reliable. Many insurance providers forget about their customers once the plan is bought. Make sure the insurer of your choice has a good customer support cell where you can call in whenever there is a need. Also, keep an eye on the claim record of the company and choose an insurer who has a high and healthy claim settlement record.

If you follow these simple guidelines, you will surely find the best car insurance policy for your family vehicle. A car is of great use and you need to cover it properly. Get a good motor insurance policy and keep your beloved vehicle safe and secure at all times in an easy and effortless manner. Pay the premiums on time enjoy an uninterrupted motor insurance coverage.

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