Questions To Ask Your Car Insurance Agent

Buying your own car is nothing less than a dream come true. Achieving this comes with a host of responsibilities such as buying an insurance policy and maintaining your car. It is a significant aspect of enjoying the comfort and performance offered by your car and before you buy an insurance policy it is important to do intensive research and find out which policy is fit for you. However, our hectic work schedules do not always permit us the luxury of taking time out to do the research and so we are here to help you. In this article, we mention the top 5 questions that you should ask your car insurance agent before you invest in an insurance policy.

Questions To Ask Your Car Insurance Agent

You should ask the following questions to your car insurance agent, such as -

What is the Insured Declared Value (IDV) of the car insurance policy ?

The Insured Declared Value (IDV) is the most important aspect of any car insurance policy. It is the maximum sum that is provided to you by your insurance provider in case of theft or damage to your car and should ideally be the first question that you ask. The optimum IDV should be equal to the market value of your car and you should not settle for a lesser amount. You must make sure to ask this question to ensure optimum coverage and benefits.

What are the payment terms of policy ?

Different car insurance companies have different payment terms and you should enquire from a car insurance agent about the same. This is important as the plan that you choose has to be convenient and affordable for you. Most companies have several easy payment schemes and you should look more closely before hurriedly arriving at a decision.

What is the deductible amount?

A deductible refers to the amount of money that you have to pay for damages sustained by your car before the rest of the amount is paid by the insurance provider. This amount varies from company to company and you should check this with the car insurance agent to find out whether it is affordable or not. Many people miss this clause and then end up paying extra sums. Be cautious to check this amount before buying a policy,

Are there any discounts on the policy?

Most car insurance companies have special deals and discounts, especially if you buy it online. Instead of directly paying the money that the insurance company demands of you, talk to their agent and find out if you can avail a discount on the same. The offers keep changing and you should definitely ask this question to get your hands on the best deal in the market.

Should I buy add-on covers?

Car insurance add-on covers are additional covers that you receive from your insurance provider along with your car insurance policy, sometimes at the payment of an extra fee. You must have a detailed discussion on this issue with your agent to ensure that you buy your policy with the essential add-ons at a reasonable amount.

Take Away

These are the top 5 questions that you should ask your car insurance agent before buying an insurance policy. If you keep these points in mind and have a discussion, buying a car insurance policy will be comparatively easier. You can then be assured of complete protection for your car and added benefits for yourself as you accelerate and zoom off in your dream car.

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.