Buyers Guide

Auto insurance in India is a legal necessity. Car insurance protects you against losses incurred in theft, financial loss caused by accidents and any subsequent liabilities. Getting car insurance is quite easy as most insurance companies have tie-ups with car dealers and leading manufacturers. These companies offer coverage immediately after you buy the car. There are many other general insurance companies which also offer motor insurance service to customers.



Choosing the best insurance policy may seem to be a very difficult task. This is not because insurance is a complicated subject but because there are numerous policies to choose from. Add to that the fact that there are many companies offering these policies with different options and facilities. All these factors make the task of deciding on the best policy, a little difficult. However, this does not make availing the best insurance policy an impossible task.



Empowering yourself with the right knowledge is always very helpful:
• Type of insurance The first step towards choosing the best insurance policy is to know about various types of policies available for you. Understand what each policy offers you and the coverage involved. The policies available for consumers in India include: Home Insurance, Health Insurance, Auto Insurance and Travel Insurance.
• Your insurance requirements:Once you obtain adequate knowledge about different policies offered, it is time to focus on your personal insurance requirements. This is very crucial when it comes to choosing the best insurance policy. Take some time out and think about the kind of protection you require. For instance, if you want the insurance company to provide you financial assistance during a health emergency, you can go for a health insurance. The key is to understand your specific needs when choosing an insurance policy.
• Knowing about insurance companies: You need to choose an insurance company in order to avail a policy. The best way to do this is to know about the various reputed insurance providers in the industry. Understand the services offered by each company and the prices at which these services come. Also compare these companies for the reputation they hold in the industry by searching complaint forums online.
• Comparison shopping: Comparing various policies is important to get the best insurance policy. Focus on comparing various policies for the kind of cover they offer. Also make sure you thoroughly read about deductibles and exclusions of each policy.
• Online Quotes:Search for free insurance quotes online. These quotes allow you to compare insurance policies offered by various companies on their associated premiums. This makes sure that you get the most affordable deal that also fulfills your specific cover requirements.
• Hassle-free renewal:Most people forget about the renewal process when shopping for insurance. This leads to a lot of trouble once it is time to renew the policy. Make sure that the policy you go with comes with an easy and instant online renewal process without any paperwork.
Additionally, you can also research and take tips from websites that give you a critical insight into choosing the best insurance policy for your vehicle. Again, you will find many websites, which allow you to compare rates.



Check if the insurance company selected offers “cashless� claims, where you don't have to pay any money upfront normally. Also, some insurance companies will offer you a lower premium if you are willing to pay the first Rs 2,000-5,000 of the claim amount from your pocket. Most public sector companies offer lower premiums but some of the newer private insurance companies have been quite aggressive in their premium quotes. However, check the fine print before deciding your insurance provider



Often, you may find cheap motor insurance providing you with more cover than an expensive one. The secret is to compare quotes and coverage provided by various insurance companies online. Most companies offer a free quote and once you provide them with the details of your vehicle you will receive quotes instantly. This will help you make an informed decision and find a policy that suits your requirements. Make sure you go through the terms and conditions of coverage of several insurance providers prior to choosing one. Some may offer you cheap motor insurance with the maximum coverage for the same premium that other companies may.



• Protection from Natural calamities - There is no predicting natural calamities and an accident can happen anytime even if you are careful with your car. Natural calamities can result in significant damage to your car whose repair would mean serious financial investment from your end. An auto insurance policy would protect you against the repair costs of your car getting damaged from any natural calamity such as fire, earthquake, flooding, landslide, lightening, heavy storms etc.
• Protection from Manmade calamities - More likely than natural calamities are manmade calamities. It is easy for a car to get damaged through some form of accident on the road, needless vandalism, terrorism, or even deliberate malicious acts. Even theft falls under this category and an auto insurance policy provides you cover against all such situations.
• Personal Accident Cover - Most of the insurance policies provide you protection against some form of injury while driving, getting into or out of your car. Moreover, many such policies provide an option to include coverage for the co-passengers as well.
• Third Party Legal Liability Cover - Sometimes, the biggest financial hit that you will receive is the repair costs of the other vehicle that you had the accident with and are responsible for. Additionally, an accident can often result in legal action being taken against you. Defense against such litigation is a long-winded and a costly endeavor. Auto insurance policies will protect you against all such third party implications. It should be noted that these policies also provide coverage against damage to any third party property apart from vehicles.

 

Going the online way

Additionally, you can also research and take tips from websites that give you a critical insight into choosing the best insurance policy for your vehicle. Again, you will find many websites, which allow you to compare rates.
Step 1. Log on to any recognized Insurance sites: First of all you will have to visit any of the reputed sites related to car insurance and auto insurance services in India. Once you will search for Car Insurance India on Google, you will find a list of top websites related insurance services. You can visit any of them.
Step 2 . Car Insurance policies review: After logging to the site just go through all the available auto insurance policies. Try to find out the coverage, claims, premium and deductible related issues.
Step 3. Apply for Auto Insurance quotes: As the insurance providing sites are partnered with different insurance companies, you will get insurance quotes from all the car insurance providing companies in India.
Step 4. Compare Car Insurance Quotes : The car insurance online services will benefit you in getting a lot of car insurance quotes among which you can shortlist few of them and create a wish list.
Step 5. Know the Car insurance Premium: When you create a wish list for you, try to find which premium is suitable and affordable. Always try to choose those premiums which can benefit comparing to its policy premium.
Step 6. Buy your Car Insurance: Finally after scrutiny, move ahead with a best policy for you. You can use your debit card, credit card, netbanking or cash cards to buy car insurance instantly. Your financial information is secured because the recognized car insurance sites use 128 bit SSL certificate that ensures your privacy will be sustained.