What is Car Insurance?

Car insurance (also known as auto or motor insurance) is done to protect your vehicle from unforeseen risks. It basically provides protection against the losses incurred as a result of unavoidable instances. It helps cover against theft, financial loss caused by accidents and any subsequent liabilities. The cover level of Car insurance can be the insured party, the insured vehicle and third parties (car and people). The premium of the insurance is dependent on certain parameters like value of the car, type of coverage, vehicle classification; voluntary excess etc. Car insurance gives confidence to drive peacefully. In emergencies it acts like a boon to the insurance holder.

With so many car insurance companiesvying for customer base in the market, it is quite difficult to make a decision like choosing the right policy and insurer. Figuring out the right insurance policy, fulfilling the requirement and being cost effective can be time consuming. Many a times car insurance may seem complex but having it saves you spending a fortune later. At policybazaar you can compare car insurance quotes online and save up to 40% on your premium.

Other articles on Car Insurance

1. Motor Insurance Overview
2. 10 Hot Tips to Reduce Premium
3. What is Car Insurance?
4. Typical Ways to reduce your premium
5. Why Car Insurance?
6. Finalizing the best deal  - Car Insurance provider and the Car Insurance
7. How to claim Car Insurance
8. Types of Motor Insurance
9. Car Insurance FAQs
10. When a claim is rejected?
11. What does Car Insurance Cover?
12. What to do in case of Accident?
13. Car Insurance Policy - Comprehensive Coverage
14. What not to do in case of Car Accident?
15. Factors affecting Car Insurance Premium
16. When to change your car insurance provider - Guideline?
17. Car Insurance Glossary