Online shopping can help you get cheap car insurance

Posted by shivanikapoor on July 22nd, 2017

Beingbudget loving people we are in search of the best things at cheap rates. same is applicable when we go for insurance shopping, ‘cheap car insurance’ is one of the often searched keyword, but keep in mind that cheap & best cannot go hand in hand. It’s you who can make your suitable car insurance a cheaper one without turning necessity in formality. To take the four-wheeler on road you need a minimum of third party insurance cover, it has been made compulsory by the Indian traffic act. It’s because the vehicle is considered to be a potential weapon which can damage a third-party life or property. Just pay the premium regularly and renew your policy to pass the financial burden of accident contingencies to the insurance company in order to bear the damages caused to the third-party life & property.

The basic third-party cover doesn’t provide any protection for the damages caused to the insured vehicle in the incident. In order to protect your vehicle financially from those unavoidable damages you need to buy a comprehensive cover. This cover protects your vehicle from the financial losses that may occur from the damages caused from natural calamities, man-made violence, accident and theft. With special add on(s) the policy holder can increase the scope of the policy like covering the essential parts of the vehicle, covering the policy holder in case of accident and also passengers on board. If you are buying a car insurance then make sure that you buy a comprehensive cover with required add on(s).

The policy holder can craft Cheap Car Insurance for themselves. Before curtailing add on(s) consider the factors that affect the premium:

• The model of your car and its engine capacity & type can increase or reduce the premium cost. A luxury car attracts more premiums.
• Location of your home and work can affect the premium.
• The covers you take decides your premium.
• Driving history of policy holder affects the premium.
• No claim bonus points.
• Installed security features of the vehicle can also determine insurance price.

So if you have a good driving history with good no claim bonus points and your car is installed with updated security features of airbags, safety-belt, burglars alarm, etc. then you can make your policy cover cheaper without curtailing any of the covers.

In case of deciding the covers never cut the basics. If you live in a peaceful area then there is no need to take the cover for man-made violence, if you have a health insurance cover that covers accident contingencies then you don’t need to extend the add on scope. Cutting less important things and filtering the basic requirements will give you a quality protection at reasonable rate.

Buy your policy online, cutting middle man cost and agency prices and getting fair quotes from a good company with good claim settlement ratio, solvency ratio and a good reputation  that will have good number of network garages nearby for cashless damage repair and assistance in the middle of the journey, when no help is available.