Tips to Keep Your Car Insurance Cost Low

Every year when you pay your car insurance, I am sure at least once, you think of how the cost could have been reduced. It is a big dent in the pocket. Well, this is a common dilemma and thus we have a few handy tips to help, people like you, save some money on car insurance.

Read more


Compare & Save upto 85%* on Car Insurance
Processing
Get Car Insurance starting
@ only 2094/year#
  • Renew Policy In2 Minutes

  • 20+ Insurers To Choose From

  • 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.

Compare Online

It is mandatory to buy insurance when you buy a new car. Usually the salesperson who assisted you in buying the car, assures to get you car insurance at the cheapest possible rates.

“Sir, don’t worry about car insurance I will get you a discounted rate.”

And, you fall for this trap! The catch here is that you end up buying a wrong policy - a policy that undervalues your car. Sadly, this wrongdoing hits you hard on the face when you make a claim for reimbursement.

Stay away from all these cheap tricks and compare policies online. Find the one that is the best fit for your requirement and pocket without giving false information. Compare premiums and get huge discounts.

Transfer Your Insurance

If you are doing away with your old car and buying a new car then don’t do away with the existing car insurance. Remember to carry forward the no claim bonus and benefits that you might have accrued over the years. This will reduce your insurance cost for the new car.

Think Hard Before Claiming

 

A standard procedure is to put in a claim if your car is damaged and needs money for repair. However, you must understand the concept for No Claim Bonus which means if you don’t claim for a year then you can avail discount on your premium. Claim when the amount is substantial. Don’t claim for small repairs. Which one do you want – a small claim or big discount on premiums? Balance and decide yourself.

Keep Your Car Safe

You must be thinking what a ridiculous thing I am saying! Of course, you buy insurance because you can’t guarantee safety of your car. Yes, I agree but the point I am making here is about being cautious. So, there are anti-theft tools which can be installed in our cars at a nominal cost but go a long way in protecting the car. Now, a safer car means lesser claims which eventually mean no claims bonus, thus cheaper insurance every year. Logical, isn’t it?

Do share with us the tips, tricks or ideas you use to save car insurance costs.

Written By: PolicyBazaar - Updated: 15 July 2021
You May Also Like
  • Transferring Car Insurance from One Person to Another

    Transferring Car Insurance from One Person to Another An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance transfer to the new owner. But sadly, most people have...

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

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

    read more
  • Money Saving Advice for All Car Owners

    Money Saving Advice for All Car Owners After a dream home, a dream car is your second-largest purchase that you make in your lifetime. But the expense does not cease when you drive off the car dealer's lot. Read mor...

    read more
  • Difference Between Comprehensive Insurance and Third Party Insurance

    Difference Between Comprehensive Insurance and Third Party Insurance Comprehensive insurance is insurance coverage that pays for the repair or replacement of vehicle damages resulting from an incident. Comprehensive ca...

    read more
  • Types of Motor Insurance

    Types of Motor Insurance The word Motor broadly covers a lot of classes of vehicles plying on the roads. These may be two-wheelers like scooters and motorbikes, three-wheelers or four wheelers like private cars, jeeps, ...

    read more

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?

  • 24x7 Claims Assistance
    NEW
  • Cashless Assurance
  • 3-Day Repair Assurance
  • Free Pickup & Drop
  • Self Video Claims
  • Windshield Claims At Home
View Plans

Car insurance articles

Recent Articles
Popular Articles
How Can I Buy New Car Insurance In India?

23 Nov 2022

With everything going online, buying new car insurance in India...
Read more
Difference Between Zero Dep and Comprehensive Car Insurance Policy

18 Nov 2022

If you are new to the motor insurance world, you must have...
Read more
How do I Renew Car Insurance After an Accident in India?

17 Nov 2022

A car insurance policy only protects your car till its expiry date...
Read more
Essential Parameters To Be Used To Compare Car Insurance

15 Nov 2022

Purchasing car insurance is just like buying any other essential...
Read more
Risks Covered Under Comprehensive Car Insurance

14 Nov 2022

Usually, there are two major car insurance covers offered by...
Read more
Check Car Insurance Status Online on Parivahan Sewa/ 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
Multiple Ways To Check Your Car Insurance Status Online
With everything going digital, checking vehicle insurance status online has become easier than ever. It not only...
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
Car Depreciation Calculator
If you are looking to purchase a new car or planning to sell your existing one, it is important to know how...
Read more
Transferring Car Insurance from One Person to Another
An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance...
Read more