How to Compare Car Insurance Policies To Choose Right One

Published On Oct 27, 2020 8:00 AM By InsuranceDekho

Not sure, which car insurance to buy? Let us help you choose the right car insurance.

There are many benefits of comparing car insurance policies. Comparison of available car insurance plans help you receive the best coverage and services as well as the best price and thus have good value for money. The best way to compare policies is to do so online, as all the different options can be visible to you simultaneously and you can easily view the different coverage and premium options in one go.

Let’s read all about the different factors to keep in mind when comparing car insurance policies, and how to make the best comparison.

1. Check The Premium

The first and foremost thing to keep in mind is the insurance premium, that is, the money you would be paying to your car insurance company. However, do not compromise too heavily on coverage while trying to reduce your premium. While it is beneficial to save money, it is also extremely important to keep in mind that your car gets the best protection possible. Therefore, premium is one factor out of many to keep in mind.

2. Check The Coverage

Keep in mind the ideal coverage that you would like to have for your car. You may be able to purchase car add-ons with your comprehensive insurance policy in order to strengthen the coverage and tailor it to your needs. Look at which insurance providers offer the add-ons and coverage that are most useful to you according to your driving habits.

3. Don’t Forget To Consider The Age of Your Car

Keeping in mind the age of your car is important. This will impact not only the insurance premium but also the IDV (insurance declared value) of your car, which reduces every year and indicates the compensation that you would receive in the event of your claim. The health of your car is assessed by an insurance company before finally quoting a premium and the age is an important factor.

4. Have A Look At Reviews/Feedbacks Shared By Other Customers

The views of other customers is an important factor to keep in mind while assessing which insurance company and policy works best for you. It can be valuable to keep in mind which companies have the most number of positive reviews and thus positive experiences as this could be a reflection on your future experience with the insurance company.

5. Do Read Policy Coverage Exclusions

In addition to what is covered, it is important to assess the exclusions from the policies. This involves going through the fine print and ensuring that there are no exclusions that you are unaware of when making a purchase.

Takeaway

There are many factors to keep in mind while comparing car insurance policies online. It is an easy and simple process and if you are equipped with the knowledge of what to consider you would be able to seamlessly find an insurance policy that works best for you.

Types of Car Insurance You Should Know:

Third Party Car Insurance

Comprehensive Car Insurance Policy

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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