How to Get the Best Car Insurance Quote?

Size and space, fuel efficiency, mileage, colour, and so much more—we enumerate so many preferences while shopping for cars. Isn’t it? But do we take a little time to protect our beloved cars against theft and other damages? We are all aware of the fact that purchasing third-party car insurance is mandatory in India. Under this type of car insurance, a policyholder cannot claim that any damage happened to their car. You must have imagined your personal funds depleting due to the mishaps. A comprehensive car insurance policy comes in handy when it comes to protecting your vehicle.

In India, there are numerous car insurance companies that provide the best quotes to their customers. Therefore, it is wise to compare different car insurance quotes and choose the one that suits you best. Read on for the complete guide to choosing the best car insurance quotes. 

What is a Car Insurance Quote? 

Customers can request a personalized amount estimate from insurance companies before purchasing a car insurance policy. You may have to provide a few details regarding your vehicle, insurance type, and more to get an estimate. This approximate amount provided by the insurer to the insured is known as a car insurance quote. It specifies the cost of purchasing a policy for a specific set of coverages, services, and benefits. 

How to Get the Best Car Insurance Quote? 

Here are the steps that you can follow to find the best car insurance quotes. 

1. Keep your car specifications such as size, model, variant, driving history, and more in handy. 
2. Collect the details of  previous insurance for the same car. 
3. Choose between the type of car insurance policy is a third-party or comprehensive insurance plan. 
4. Browse the car insurance companies online and request quotes. 
5. Compare all quotes on the basis of their price, type of coverage, benefits, sum assured, premium and more. 

Once you choose the best car insurance quote, you can make a purchase online from InsuranceDekho. 

Why Should You Compare Car Insurance Quotes Before Buying a Policy? 

There are numerous benefits to comparing car insurance quotes before purchasing a plan. Some of them are listed in the section below. 

• Better Savings: You can find the best value by checking the quotes for your car insurance. You can examine each plan's cost and coverage, then choose the plan that provides sufficient coverage at a reasonable price.
• Choose the Right Insurance Company: The cost of a Comprehensive Car Insurance Policy varies amongst car insurance providers. You can pick the alternative with superior services and a reasonable pricing plan. 
• Budget Planning: You can determine if the car insurance plan fits your budget by looking at the quote before purchasing it. If not, you can ask your insurance company to modify the coverage and make it affordable for yourself.

Major Factor that Determines Car Insurance Quotes 

Listed below are the major factors that would impact car insurance quotes. 

• Location: Accidents, vandalism, theft, etc. happen more frequently in some places than others. Likewise, depending on where you live, the cost of having the repairs made may vary. Therefore, a car insurance company will typically base their price on where you live.
• Age of the Insured: Based on their driving behaviours, older drivers are viewed as lower risk drivers than younger ones. If a person has a clean driving record and is over the age of 25, the cost of car insurance typically decreases.
• Type of Coverage: The type of coverage you are planning to purchase also affects your car insurance quote. Generally, policyholders may have to pay a higher price for purchasing comprehensive insurance plans as they provide wider coverage in comparison to third-party insurance policies.  
• Insured Declared Value: The estimated market price of the car is known as IDV, or Insured Declared Value. In the event that the covered car is stolen or severely destroyed, a car insurance company will provide the insured declared value to the policyholder. As a result, a greater IDV tends to raise the price of insurance.
• Additional Covers: You can enhance the coverage of your car insurance plan by purchasing add-ons with your standard policy. However, a premium will increase depending on the type and quantity of additional covers bought by the insured. 

Conclusion 

Comparing car insurance quotes will benefit you in numerous ways. There are many good car insurance companies in India where you can provide your car details and budget to get quotes online. Moreover, ensure that you consider all the above-mentioned factors when purchasing car insurance.

Also read: All You Need To Know About Vehicle Scrappage Policy in India