9 Secrets That Your Motor Insurance Provider Won’t Tell You

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

Due to the dangerous driving conditions, it is compulsory to have third party insurance for every vehicle plying on Indian roads. It ensures the overall safety of the people involved in a road mishap.

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.

      As we all know, it is very difficult to land a great deal for your car insurance plan. Keeping your vehicle insurance premiums from increasing is the game that everybody wants to win but nobody knows the rules. Here are the 9 auto insurance secrets that would help you save money on your car insurance premium.

      1. The Model of your Car

      The model of your car will directly affect your insurance premium. Your car insurance provider would not tell you but there is a car rating system for every model and make. In case you’re planning to buy a new car, then you must keep this point in mind and feel free to ask your insurance provider about it.

      2. Being Good has its own Perks

      You might be surprised to know that a bad driver would have to pay 40 percent more on his car insurance premium if he/she is at fault in the case of an accident.
      On the other hand, if you are a good driver you don’t have to worry about it at all. If you are a good driver, you are less likely to file a claim. When you don’t file a claim, you are rewarded in the form of a No Claim Bonus.

      3. Comparison is the Key

      Before you finalize a specific car insurance plan offered by a particular insurance provider, did you do your research? We are not asking you to transform into a detective, all we are saying is to be uber smart. Compare insurance premiums charged by the various motor insurance providers. The premiums might vary as the type of motor insurance plan varies. The better coverage you want, the higher your insurance premium would become. Ensure that you carefully read the print out of your insurance plan before you finalize it.

      4. Evaluate your Voluntary Deductions

      The voluntary deduction is the sum that the insurance buyer is supposed to pay if there is any road mishap. If your voluntary deduction is zero, you would get the entire claim amount if there is an accident. If you have an insurance policy with a specific amount as a voluntary deductible (i.e. the particular amount that you will have to pay from your pocket), then your insurance provider would pay the remaining amount.

      Your voluntary deductible and your premium share an inverse relationship. The higher your voluntary deductible is, the lower your car insurance premium amount will be.

      When there are any voluntary deductions, you should carefully evaluate all the consequences.

      5. Installation of Security Devices Can Decrease the Premium

      Security devices serve a double purpose when they are installed in your automobile. Firstly, it protects your automobile from theft. Secondly, it helps to decrease your insurance premium. Safety features such as airbags, and security alarms etc. can affect the determination of your insurance premium by the insurance providers.

      6. Skip Filing Claims for Small Expenses

      If a policyholder doesn’t file any claim on his/her automobile insurance plan, it entitles him/her to No Claim Bonus for a claim free year. The NCB is approximately 20 percent of the insurance premium.

      If you file a claim for small charges such as minor repairs, then you won’t be entitled to any NCB. The key is to analyze the amount of the NCB that you would earn and compare it with the repair charges. If the repair charges are higher than the NCB then feel free to file a claim for the same.

      You may like to Read: How to Make Car Insurance Claims

      7. Keep Your Policy in an Active State

      When your policy lapses, it means that it has become inactive. An inactive policy isn’t eligible for any No Claim Bonus. Hence, it is very important to keep your insurance plan in an active state.

      8. Expensive Gadgets Can Hike Your Insurance Premium

      If you have installed any expensive gadget in your car then it could hike your insurance premium amount. Apart from that, if you have made any modifications in your car such as rear spoilers, alloy wheels, exterior modifications, etc. it is going to affect your insurance premium. The sole reason behind that is your insurance provider will analyze your driving style on the basis of such modifications and customizations. And, the result won’t be in your favor when it comes to deciding the insurance premium amount.

      9. Road Safety Organizations is the Key

      Having a membership of road safety organizations such as Automobile Association of India is very beneficial in reducing car insurance premiums. Apart from other benefits, the policy holder can get a discount on his/her car insurance premium.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      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

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