Essential Parameters To Compare Car Insurance Online

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

Purchasing car insurance is just like buying any other essential item at your home. You must make sure that you get the best coverage at a reasonable premium. Therefore, you must compare car insurance rates before purchasing one. Below are some essential parameters that you can use to compare four-wheeler insurance online.

Read more

  • Renew policy in 2 minutes*

  • 20+ Insurers to choose

  • 51 Lakh+ Vehicles Insured

#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
      Mobile No.
      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..

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

      Importance of Car Insurance Comparison

      To get the best policy for your prized possession, it is crucial to compare different car insurance policies. Moreover, a four-wheeler insurance policy aims to safeguard your car from multiple unforeseen damages on the road. Thus, you must make sure to get a policy that offers you the highest coverage at a budget-friendly cost.

      So, if you are looking to purchase a car insurance policy for your newly bought car, try comparing car insurance plans from the best car insurance companies online and choose the one that suits all your needs.

      Parameters to Consider While Comparing Car Insurance

      Before deciding on purchasing a motor insurance policy for your car, here are some parameters that you can use to compare car insurance online:

      1. Type of Coverage

        When it comes to comparing car insurance, you must be aware of the types of insurance coverage offered by insurers. There are two types of policies namely third-party insurance and comprehensive car insurance. The first one is mandatory and compensates for any third-party damage arising out of the insured vehicle.

        The comprehensive car insurance on the other hand will compensate for both third-party and own damages sustained by the insured car. You can also compare car insurance premiums of the cover you wish to buy.

        Thus, while comparing car insurance policies, be aware of the type of coverage you are looking for and then make your comparisons based on that coverage.

      2. Required Add-ons

        Another important parameter that you can use to compare four-wheeler insurance is the additional covers. These add-on covers can be purchased to enhance the coverage of your standard car insurance policy. Thus, while picking a car policy you must also compare the cost of add-ons that you are planning to purchase along with it.

        Not only this but to get the best premium, make sure to only buy the add-ons that you require for your car. You can choose and remove any add-on you want as per your requirements.

      3. Insured Declared Value

        Insured Declared Value or IDV is a crucial parameter to consider while comparing motor insurance. It is the current market value (minus depreciation) of the insured vehicle, that you will receive as compensation in case your car has sustained total loss. Deciding the right IDV is of core importance as the higher the IDV, the higher will be the premium of your policy.

        Thus, while comparing car insurance policies, make sure to also compare and choose the IDV with higher benefits and affordable premiums.

      4. Network Garages

        Apart from doing the basics i.e. going through customer reviews, make sure to also know about the number of network garages of a particular insurance company. The higher the authorised workshops a particular insurer has, the better it would be for you to raise a cashless claim for damages. Therefore, while comparing car insurance, make sure to also compare the list of network garages offered by the insurance company.

      5. Claim Settlement Ratio

        Claim settlement ratio is also an essential factor to look for while comparing four-wheeler insurance. It refers to the number of claims that an insurer settles when compared to the total claims received in a year. A higher CSR means the claim settlement process of a particular company is easy and hassle-free. Thus, while comparing motor insurance plans of different insurance companies, make sure to compare their CSR as well.

      How to Compare Car Insurance?

      The best way to compare four-wheeler insurance is to do it online. Below we have mentioned steps to compare motor insurance rates on

      • Visit the ‘Car Insurance’ page from the ‘Insurance Products’ dropdown on the homepage
      • Now enter your car number and proceed forward
      • Select the rest of the details of your car such as model, variant, fuel type, registration year
      • You will now find car insurance plans from multiple motor insurance companies.
      • You can now compare these plans based on various factors such as premium, add-ons, IDV, additional discounts and more
      • Once you have decided on the plan you want to buy, you can pay the premium amount online and purchase the desired car insurance policy.

      Wrapping Up!

      We invest a lot of time and effort while purchasing a car for ourselves. From price, specs, and model to colour, we tend to compare every single factor before making a final purchase. A similar should also be done while purchasing a car insurance policy for our cars.

      Therefore, you should use all the above-mentioned parameters to compare car insurance online so that you get the best of all.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      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
      Importance and Benefits of Comprehensive Car Insurance Policy

      20 Sep 2023

      Having third-party car insurance is mandatory as per the motor
      Read more
      5 Common Myths About Buying Motor Insurance

      13 Sep 2023

      When buying car insurance, it is essential to have a thorough
      Read more
      Lesser Known Motor insurance Add-ons

      13 Sep 2023

      While popular add-ons like Engine Cover, Zero Dep, and Return to
      Read more
      Essential Tips To Take Care Of Your Car's Engine

      07 Sep 2023

      As much as the heart is a vital organ for your body, the engine is
      Read more
      What Should You do in Case of a Car Accident?

      07 Sep 2023

      Its said that your safety is in your hands. As a driver, if you
      Read more
      Check Vehicle/Car Insurance Status Online on Parivahan Sewa, Vahan, IIB & RTO
      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
      How to Find Car Insurance Details by Registration Number?
      As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
      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
      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
      Read more
      Vehicle Scrappage Policy in India: All You Need to Know
      With an aim to phase out unfit and polluting vehicles, the Government of India has rolled out Vehicle Scrappage
      Read more

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