Guide To Choose The Right Insurance Plan
In India, all car owners are required to carry third-party auto insurance. According to the Motor Vehicles
Act of 1988, third-party auto insurance is required for all car owners. A car insurance policy offers
financial protection against any damage to your car that may occur. It is crucial to obtain automobile
insurance policies because of the variety of benefits they provide. However, there are a few factors you
should think about while choosing the best auto insurance policy. Here is a guide to assist you in
selecting the best auto insurance policy.
Tips To Buy The Right Car Insurance Plan
Here are a few suggestions to assist you in selecting the best insurance policy. Choose the appropriate
insurance policy for you by scrolling through the section below:
1) Compare Different Plans
Different car insurance providers in India frequently offer customers discounts on their car insurance
policies to attract new business. To save money on car insurance premiums, it is wise to purchase plans
during certain seasons.
2)Pick The Right Car Insurance Type
Car insurance plans come in a variety of broad categories. Car insurance comes in a variety of forms,
including standalone own-damage coverage, comprehensive coverage, and third-party coverage. Third-
party car insurance is required of them, and others can be added on top of that. However, purchasing
comprehensive auto insurance policies is recommended.
3)Check The Insured Declared Value
The Insured Declared Value, is the highest amount that your insurance will reimburse you if your car is
stolen or damaged. So, it is very crucial to set the proper insured declared value as this money would be
reimbursed to you. Your car's IDV is estimated based on several factors, including the vehicle's
manufacturing date, registration certificate model, and the date of registration.
4)Be Wise In Choosing The Adds- On
To keep the cost of your car insurance low, you must purchase the appropriate add-ons. You can choose