Car insurance is a deal between the insured and the insurance company that covers the policyholders during a financial crisis, on the payment of a yearly premium. The premium for car insurance is decided at the time of buying a plan and is payable at the time of policy renewal to continue with the coverage. This is determined on the basis of a few factors such as the age of the vehicle, the age of the driver, location, capacity of the engine, make and model of the vehicle etc.
Mostly, general insurance companies across the country offer two types of car insurance plans:
This cover protects the insured against any liability that may arise out of accidental injury, death and damage to the property when the insured’ vehicle is at fault. However, the insured car or the policyholder is not covered under this plan.
As the name suggests, the Comprehensive Plan is an extensive cover that protects the insured vehicle during an accident or if a liability claim is filed. Moreover, it covers the insured car for the damages caused by natural or man-made calamities like theft, fire, earthquake, flood, terrorist activity, riot etc.
Thanks to the internet, we have access to buying insurance online as well. In fact, this is the safest and easiest way to insure yourself or your vehicle. You just need to visit the official website of the insurance companies, browse the various plans and get one. Insurance experts also suggest comparing various plans online. This is the best way to find an adequate plan. For instance, if you are looking for car insurance to insure your new Honda ZX. While browsing the various insurance companies and their plans, you somehow find Bajaj Allianz car insurance serves your insurance requirements the best. If the premium is a concern, you can save more by acting a little smartly here. Choosing higher deductibles, installing safety devices, enrolling in car associations or lowering the insurance coverage for your old car, avoiding making claims for minor damages, transferring the NCB while porting a plan and timely renewing the policy are the few ways to reduce the premium rate. To continuously enjoy insurance benefits, you must renew your plan before it lapses. Mostly, it is a one-year contract which is renewable online as well.
Whether you’re travelling from Mumbai to Goa or Guwahati to Tawang, the poor condition of Indian roads may throw lots of difficulties your way and restrain you from having a safe and enjoyable trip. So, don’t let anything wreck the excitement. Secure yourself and your vehicle with a car insurance plan and remain stress free throughout the trip!
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