If you have just purchased a new car or are planning to purchase one, then you must be well aware of the type of four-wheeler insurance plans for new cars. Moreover, purchasing a car policy is compulsory in India, so you must buy one before you land into any financial or legal trouble.
Here are two major types of brand-new car insurance plans available in India:
A third party car insurance is a mandatory cover for every new car plying on the roads of India. This policy covers damages sustained by third parties due to the insured car. These damages include third-party death, disability and property damages. The premium for third-party liability insurance is less but it does not cover own damages sustained by the car.
However, you can include your own damages by purchasing a Standalone OD cover bundled with your third-party plan.
A comprehensive car insurance cover is not compulsory but can be beneficial for new cars. This policy covers both third-party damages and any own damage to the insured car arising out of unforeseen events like accidents, calamities, theft, fire, etc.
When it comes to providing overall protection to your new car, it is best to purchase a comprehensive four-wheeler insurance policy.
Now that you know the types of new car insurance policies, here is an easy method to purchase a new car insurance plan on Policybazaar.com:
Buying new car insurance online has a number of advantages over the offline purchase mode. Here is why you should buy new car insurance online:
A new car insurance policy is not only mandatory but also essential to protect your car from multiple unforeseen damages. Without a car insurance policy for your brand-new car, you may have to pay huge expenses from your pocket in case it meets with an accident. You can simply compare car insurance plans from the best car insurance companies in India on Policybazaar.com and choose the most suitable one for your newly purchased possession.
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