Bad Road Manners Can Lead To Increased Car Insurance Premium!
Published On Feb 18, 2019, Updated On Oct 31, 2019
Save On Car Insurance Premiums By Sticking To Good Traffic Habits!
Do you have a clean traffic record? Start thinking about ways to mend it in-case your traffic record is not very good. It does cast an impact on your car insurance premium. So, if you were already worried about paying hefty premiums against your vehicle insurance, this is your chance to fix the situation.
Been a traffic wrongdoer for
quite sometime now? Well, if you aren’t looking forward to get
penalized, it is time you should think hard about keeping a clean
traffic record. Kiss goodbye to the chances of getting pulled up by
traffic cops or being involved in grisly road accidents. Wondering
why so many words of advice? Well, the transport department is
planning to rule against all traffic offenders. If you’ve been
looking to settle for cheap car insurance rates or save money in the
form of zero depreciation car insurance, maintaining a good traffic
record is enough.
Good News for Those with a
Good Track Record
If you have been lucky enough
to stay clear from the mishaps on road for good 5 years, the
transport department is right by your side. As a token of
appreciation, you will be rewarded with attractive incentives in the
form of four-wheeler insurance premiums. According to the reports by
Tol, the transport department is in talks with IRDA (Insurance
Regulatory and Development Authority), recommending a cut-back in car
insurance premiums for those with good traffic manners.
Thought that was it? Might
not really be!
The department is always
trying to keep a close eye on car insurance policy tenures and
coverage. You will be watched whether you are renewing your auto
insurance policy on time. In a nutshell, the entire vehicle database
will be automated with the IRDA base. All kudos to the application of
the leading-edge Vahaan software.
This cybernated information if
of great use. It will help the department to figure out car owners
failing to obtain the best car insurance coverage. Thinking about the
aftermath? Well, if you are unfortunate, the department officials can
get your vehicle impounded quicker than expected. One can only
release the vehicle post paying for the car policy selected.
Did you know such rules are
already put to use in the United States? Frequent traffic wrongdoers
are penalized with increased car insurance premiums, as high as
The condition is pretty serious in a country like ours. Little did you know that more than 5 lakh accidents occur in India, leading to casualties as high as 1.5 lakhs. Why take a chance and fall a prey in the hands of the transport department? Go for a motor insurance policy and safeguard your car on time.
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