To buy the right car insurance policy, you have to act prudently. The habit of blindly following what others have bought could land you in a trouble. Here are the four questions that you should ask before you buy car insurance.
Let’s say, the IDV value of your Honda City (1.3 DX variant) is Rs 5,61,735. In case of ‘no deductible’, your premium would be Rs 12,448. However, if you are willing to contribute Rs 15,000 as the voluntary deductible, the premium rates will reduce to Rs 9,598.
Often the agent agrees to lower the premium quotes by increasing the voluntary deducible limit. When a loss happens, you have to cough up a huge amount— voluntary and compulsory deductible— from your pocket.
The way the insurance sector is evolving, you will soon be able to get better discounts on the basis of various factors such as your driving track record, age, and so on; however, for now don’t commit into the deals and discounts blindly. Make sure you do a thorough comparison to avoid falling into a pit.
Car Insurance
Plans start at
₹2,094*
Compare & Save
Up to 85%*
on Car Insurance
09 Jan 2023
Yes, your comprehensive car insurance policy may cover the damages03 Jan 2023
As per the IRDAI guidelines, all motor insurance sectors including09 Dec 2022
Roadside Assistance is an add-on cover offered with your06 Dec 2022
No, any damage to the nut bolt or any other consumable of your05 Dec 2022
Third-party car insurance is a mandatory cover as per the motorInsurance
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
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