Secrets That Your Car Insurance Companies Won't Tell You
Published On Dec 18, 2020 12:00 PM By InsuranceDekho
For novice car owners, auto insurance is a new sector. Though driving the car securely is most important, ensuring it with the correct policy is also significant. Insuring your car may seem to be a good idea, but not knowing all about car insurance can land you in trouble instead.
Due to the risky driving conditions, it is necessary for every car on the roads to have car insurance. It guarantees the safety of the individuals in a road accident and other mishaps. Keeping your car insurance costs from increasing is what all want to win, but no one understands the rules. Here are the insurance secrets that would help you save money on your car insurance plan.
Secrets That Your Car Insurer Won’t Tell You
Following are some of the noteworthy things which you should also keep in mind for your car insurance:
- Car Model Matters
Your car’s model has an impact on the money you would be paying for the car policy. Every make and model has a varied rating system based on which the amount is decided.
- Keep your Policy in Active Status
Driving a car with an inactive plan means that the dents caused to the car would not be covered and you would not be eligible to get any no claim bonus. Thus, keep your car insurance policy active at all times.
- Transfer your No Claim Bonus (NCB)
You can transfer your NCB from one car to another if you are the owner. If you buy a new vehicle, you can ask the insurance company to issue an NCB transfer certificate.
- Comparison is Vital
Before you finalize specific car insurance offered by a particular insurance provider, do your research thoroughly. Compare the costs charged by the various car insurance providers. The costs might vary as the type of insurance plan varies. Read the printout of your insurance plan carefully before you finalize it.
- Avoid Filing Claims for Small Expenses
If you do not file any claim on the automobile insurance plan, you will be entitled for NCB for a claim free year. If you file a claim for charges like minor repairs, then you would not be entitled to any NCB. You should analyze the amount of the NCB that you would earn and compare it with the repair charges. If the repair charges are more than the NCB then file a claim for the same.
- Become a Member of Road Safety Organizations
By becoming a member of road safety organizations such as Automobile Association of India you can get reductions in car insurance charges.
- Avoid Expensive or Fancy Gadgets
Installing fancy or expensive gadgets in your vehicle for the purpose of entertainment or luxury will add to your motor insurance charges. Instead if you install security cameras, airbags, and accident prevention sensors, your car insurance will work in your favour.
- Get Rewarded for Good Driving Skills
A driver has its own share of advantages that save you not just from getting involved in a mishap, but also offers you NCB. As the name suggests, NCB is the insurer’s reward to the policyholder for not making a claim in the earlier years.
Getting a perfect deal on your motor insurance policy is not hard. Yes, it does take some groundwork and study on your part, but it pays off in the future. Buy a policy that suits your needs and never dither to ask questions when in doubt.
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.