Buying a new car is a big experience in anybody’s life. A car is not only a means of commuting, but it becomes a part of the family. If you have bought a new car, then before hitting the road, it is essential for you to buy car insurance. Buying car insurance not only secures the car and is beneficial for you, but it is also mandatory by law. When you buy a car insurance, all the damages to your car are covered by the insurance company, and we all know that when a car is on the road, there are very much chances that it will face some scratches and scars. In addition to that, if there is any death caused by your car, the compensation paid for that death will also be covered by the insurance company.
When it comes to buying car insurance, most of the people trust the recommendations by friends and family. Although that might be a good idea, yet it is not the best way of buying the best car insurance in India. Whenever you are buying car insurance, you should look for several points that can help you in getting most out of your car insurance policy.
First of all, you must get all the information about the insurance company that you are going to buy policy from. Take a look at the company’s claim settlement records and market reputation of the company.
The sum assured is the maximum amount of money payable to you in case of total damage of the vehicle. In that case, you must try to get maximum sum assured for your vehicle. This might rise up you premium to a little bit, but it is beneficial for you in the long run.
Get Zero Depreciation Policy
In most of the policies, some of the components of your car are not covered such as plastic and glass parts. For that, you have to pay extra when claiming damage from the insurance. The solution for that is to buy a Zero Depreciation Policy. In this type of policy, every component of your car will be covered and you will not have to pay even a single dime out of your packet.
Compare and buy online
Buying car insurance online is also a good idea. The online car insurance portals offer you the option of comparing the features and prices of policies offered by different companies and then choose the best one that suits you.