CAR INSURANCE
The law makes it compulsory to have a valid and active car insurance for the four wheeler. Apart from being a mandatory requirement, a car insurance also provides protection from damages caused by accidents, theft, or mishaps. If you do not have a car insurance at the time of an accident, you will have to bear the hefty expenses of car repairs and hospitalization costs from your own pocket and this can be a steep bill.
For a smart purchase of car insurance you need to check out various insurance providers, compare car insurance policies, and pick the one which is best suitable for you.
Having car insurance is essential because it covers your expenses in the event of vehicle damage or injuries to other drivers, passengers or pedestrians.
The most important reasons
Having car insurance is a legal requirement and with the right level of cover, provides financial protection in the event of your vehicle being damaged. It will also provide cover for injuries to other drivers, passengers or pedestrians, and their property.
Accidents happen, so it’s reassuring to know that you’re covered financially if you’re involved in one.
- It pays for damages.
- It reduces your liability/li>
- It pays for your hospitalisation.
- It costs less when purchased online.
- It compensates your family after your demise.
What you cover in car insurance
Nil Depreciation
NCB retention covert
Consumables Cover
Engine Protector Cover
IKey Protect Cover
Daily Allowance Benefit
EMI Protection
How to Save Premium of Car Insurance Policy ?
- Know Your Car's IDV
- Claim Your No Claim Bonus
- Install Security Devices
- Become AAI Member
- Increase the Voluntary Deductible
The value of your car depreciates overtime. Hence it is important to know your IDV. A lower IDV attracts a lower premium.
The No Claim Bonus is your rightful reward for being a responsible driver. Earn discounts of up to 50% on your premium year-on-year.
The safer your car, the lower will be the premium. Installing anti-theft devices can fetch you up to 2.5% discount on your car insurance premium.
Become a member of the Automobile Association of India and you can secure a concession on personal-damage premium.
A Voluntary deductible is the amount you agree to pay out of your pocket. The higher your voluntary deductible, the lesser will be your premium.
