Best car insurance policy in India

Owning a car is a big achievement in India for you. However, after purchasing a car, it is also your responsibility to protect your car, and this can be done by getting insurance for your vehicle. According to the Motor Vehicles department (Act 1988) purchasing car insurance is a must in India, if you possess a car. Car insurance offers financial protection in case of a theft or damage to the insured car or any vehicle. That’s why you need to buy from Best car insurance policy in India. Before getting down to the factors guide line to the purchase of car insurance, let’s understand the two sections under Best car insurance policy in India which is available. It covers monetary losses incurred by the insured car for any damage, theft (stolen, death or injury to the third party. This policy is mandatory. This policy covers both first and third-party cover and any loss or damage taken by the insured car.

 Requirement of Car Insurance in India

Buying a Best car insurance policy in India can be a daunting task and given the fact that so many points need to be kept in mind before buying one.  And if you are buying it for the first time policy you need to be aware of all the aspects in order to take an informed decision. Let us look at some of the points to be considered before buy. Before you set out to buy a car insurance policy please, you do not forget to compare the plans offered by various insurance companies. You need to check out the coverage provided and the premium you have to pay for the policy. Before choosing one, opt for points like a company with a high claim settlement ratio (CSR) and a good number of network garages, as that would help in getting cashless claims also and it can done from Best car insurance policy in India.

Car insurance companies also offer add-on coverage for extra protection also. By paying a small premium, you can find additional benefits through add-ons which basically provide additional coverage. Always analyse your needs before including the right sections in Best car insurance policy in India. Some of the important add on covers are like, While settling the claim, the insured party has to pay some amount for repairs before the insurance company starts paying the rest of the money. These are also called deductibles. There are two types of deductibles in India– a compulsory deductible, which is a pre-defined value and a voluntary deductible, which can be adjusted as per the policyholder’s needs. You should use the deductibles smartly because sharing repair costs reduces the premium amount. You always make note of the IDV offered by the Best carinsurance policy in India. In case your car gets stolen or damaged or IDV is the maximum amount of claim the insurer will provide you.