How To Compare Comprehensive Car Insurance Plans?

Published On Apr 15, 2021 11:00 AM By InsuranceDekho

In this article, we'll give you the tools you need to make an informed decision about your car insurance policy.

Based on the coverage they offer, there are three types of car insurance policies. The first type of insurance is third-party insurance, which is required for all vehicles on Indian roads. It would cover third-party liabilities, such as bodily injury, death, and property damage, in the event of an accident. The standalone own damage coverage compensates the policyholder for losses to his or her property.

How To Compare Comprehensive Car Insurance Plans?

When deciding on a car insurance policy to buy, keep the following points in mind: 

  • Know Your Needs

Only you can determine what your preferred price point and insurance requirements are. For example, if you have a new car, consider a zero depreciation car insurance policy, or if you travel with your family, a passenger policy may be beneficial.

  • Compare Policies

Now that insurance can be purchased online, comparing different car insurance companies, their premiums, getting quotes, and checking their network of cashless garages has never been easier. Before you commit to a policy, make sure you've done your homework.

  • Add-ons

These extra features give you more freedom to customise your plan, as well as the ability to tailor a standard insurance plan to your specific needs. Furthermore, having the right add-on can make a huge difference. Make sure to read up on them and, if necessary, seek clarification from the insurance company.

  • Claim Settlement and Customer Service

It's critical to be able to make claims quickly and connect with your insurance provider. Check the car insurance claim settlement ratio and read customer service reviews about the firm. We make claims most often in times of crisis, so dealing with an inefficient or cumbersome claiming process will only add to the frustration.

  • Read the Small Print

Every policy is unique and carefully worded. Before deciding on one, make sure you read the document and understand its terms and conditions, or have someone who knows more about it look it over.

  • Don't Provide Incorrect Information

When buying car insurance, it's critical to provide accurate information. If a discrepancy is discovered, it could be a costly mistake when filing a claim. It could also result in your insurance policy being cancelled.

Conclusion

A comprehensive car insurance, plan in general, provides the best coverage in car insurance. It covers third-party liabilities as well as own damage car insurance costs. There are also some add-on covers that can be purchased in addition to the standard policy to customise it to meet specific needs. As previously stated, there are a few things to consider when buying car insurance in order to make an informed decision.

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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