Avoid These Mistakes When Buying a National India Car Insurance Policy

Get Car Insurance starting at only ₹2,094/year #
Car Insurance
Processing

When it comes to choosing four-wheeler insurance, we blindly trust the insurance agent and purchase the one that offers the lowest premium. By doing so, we may sometimes end up purchasing a policy that doesn’t fit our needs. Thus, it is essential to do your research before buying a motor insurance policy. Here are some common mistakes that you should avoid while buying a New India Assurance car insurance policy.

Read more

  • Renew policy in 2 minutes*

  • 20+ Insurers to choose

  • 1.2Cr+ Vehicles Insured

Car Insurance

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Email
      Mobile No.
      Secure
      We don’t spam
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      Avoid Mistakes During Buying a New India Car Insurance Policy

      Purchasing four-wheeler insurance is similar to purchasing any other online product or service for yourself. If you make even one small mistake, you can end up purchasing a policy that doesn’t offer what you need. However, you can prevent that from happening if you avoid making common mistakes that people usually make while buying an insurance policy for their four-wheeler. To get the right and affordable policy from the New India Assurance Company, you should avoid the below-mentioned mistakes while buying New India Assurance car insurance:

      1. Not Comparing Policies

      One basic mistake that a car owner makes is not comparing insurance policies online before buying. Not comparing various car policy's quotes, inclusions, and benefits can result in inadequate coverage. Moreover, you should never pick a car insurance policy just because it has a lower premium, since the coverage and benefits of such a policy may be not adequate.

      Therefore, you must spend some time comparing the motor insurance policies of different insurance companies on websites like Policybazaar.com so that you get the best deal possible.

      2. Not Getting Enough Coverage

      Opting for at least a third-party insurance cover is a mandatory requirement for every car owner in India. This cover financially protects the car owner against any third party accidental liability arising out of third party property damage, injury or death by the insured car. However, this coverage is not enough to meet all your insurance needs as it will only cover third-party liabilities and not the damages to the insured car.

      Therefore, it is beneficial to go for the comprehensive insurance policy as it will offer you wider coverage. Although comprehensive cover will be more expensive than third party cover, it will fulfil your primary motive i.e. covering the damages incurred by your car.

      3. Not Considering Deductibles

      Voluntary deductibles refer to the expenses that a car owner agrees to pay from his/her pocket during claim settlement. When purchasing a motor insurance policy, choosing voluntary deductibles leads to a lower rate of premium. If you go for a higher voluntary deductible, your insurer will further reduce the premium of the policy.

      However, you need to be cautious while opting for the voluntary deductible. Going for a higher deductible just to reduce your premium may lead to a lower claim pay-out, which may not be adequate at the time of claim settlement.

      4. Choosing Non-essential Add-Ons

      Undoubtedly, add-on covers offer enhanced coverage in addition to your basic car policy cover but they can also drain a lot of money. This usually happens when you do not put much thought into buying add-ons with a comprehensive policy. Investing in unwanted add-ons can increase your premium whereas not opting for one may lead to inadequate coverage.

      Thus, you need to analyse your vehicle insurance requirements before investing in add-on covers. For eg, buying a passenger add-on cover is unnecessary if you drive solo. Avoid such mistakes by not investing in add-ons that you don't need.

      5. Not Renewing Policy Before Expiry

      Failure to renew New India Assurance car insurance policy before the expiry date may result in policy lapse and your insurer will cease to insure you against any own damages the moment it expires. Besides, if you are caught with an invalid motor insurance policy by the traffic police, you may have to pay a heavy fine. Moreover, if your uninsured car is involved in an accident with a third party, you may face legal complications and even imprisonment.

      Therefore, make sure to renew your policy before the expiry date. Whenever your insurance company informs you about your upcoming renewal, do it at the earliest date possible.

      6. Not Understanding Policy Conditions

      A car insurance contract contains the terms and conditions that every car owner should read before renewing/buying a policy. These terms play an important role at the time of raising a claim, such as details regarding the insured declared amount (IDV), inclusions, exclusions and more.

      Therefore, you must go through every detail of the policy beforehand. If you find any detail confusing, ask your insurer and clear your doubts. Do not make the mistake of not reading terms and conditions as this may lead to claim rejection by the insurer.

      7. Purchasing the Policy Offline

      The internet has opened a lot of avenues in terms of shopping for motor insurance online. However, many car owners are still apprehensive about buying car insurance online and choose the offline mode instead. In an offline mode, you not only lose the chances of detailed comparison but also get involved in unwanted costs of an insurance agent.

      Moreover, there are several merits of online purchasing such as anytime, anywhere purchase and no paperwork. Online purchases also prove to be more convenient and affordable as compared to offline purchases. Thus, purchase your New India Assurance car insurance online.

      8. Hiding Information

      When buying a New India Assurance car insurance policy, it is crucial for every car owner to share accurate information about themselves and the vehicle with the insurer. You should also truthfully answer any questions asked by the insurance company at the time of claim. Sometimes people hide major details, such as their age and driving history, to fetch a lower premium or more money during claim settlement. Doing so can prove to be disadvantageous as your policy may get rejected and you may also face legal complications.

      Thus, it is essential to provide full and accurate information at the time of the four-wheeler insurance purchase.

      Wrapping Up!

      All in all, you must read all the terms and conditions carefully and clear any doubts with the insurer before purchasing insurance for your car. You should also make your purchasing decision only after comparing car policies online. For getting the best coverage for your car, it is essential to avoid these mistakes while buying a New India Assurance car insurance policy.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Save upto 85% on Car Insurance
      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
       Why buy from policybazaar

      Car insurance articles

      Recent Articles
      Popular Articles
      IDV in Car Insurance

      22 Feb 2024

      In layman's terms, the IDV full form is the Insured Declared Value
      Read more
      Must-Have Car Insurance Addons for Brand New Cars

      31 Jan 2024

      Investing in a full-coverage car insurance policy is essential for
      Read more
      No Claim Bonus (NCB) in Car Insurance

      29 Jan 2024

      No Claim Bonus (NCB) is a reward given by an insurer to a
      Read more
      How to Choose the Right Car Insurance for Your First Car?

      17 Jan 2024

      Buying their first car is no less than a milestone unlocked for
      Read more
      Things To Know Before Purchasing Sedan Car Insurance

      12 Dec 2023

      The type of four-wheeler you purchase also impacts its insurance
      Read more
      Check Vehicle or Car Insurance Status/Validity Online
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your car must be
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      Find Car Insurance Details By Registration Number
      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access
      Read more
      How to Transfer Car Insurance Policy?
      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer
      Read more
      Comprehensive Insurance Vs Third Party Insurance
      Comprehensive car insurance offers protection to the insured car against third-party liabilities and own damages due
      Read more

      #Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc

      *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. Actual time for transaction may vary subject to additional data requirements and operational processes.

      top
      View Plans
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL