Tips to Find the Best Car Insurance Policy for Family in India

Written by Sharad Bajaj

Updated On Oct 14, 20232 min read

While purchasing a car insurance policy one has to take care of many aspects and if purchased after considering all the factors the policy can be turned out into the best policy.

Finding a car insurance policy in India is not a difficult task these days as there are many car insurance policies available. Most of them are comprehensive and well-designed however it is not necessary it matches the needs of all people. As a result, one must do thorough research and then select the most suitable car insurance plan. Go through the following steps in this article to get some useful tips for selecting the best car insurance plan for a family.

Read Here: When Can Car Insurance Claim Be Rejected?

Tips to find the best car insurance policy for an Indian family

Below are some tips for you to find the best car insurance policies:

1. Search for a Suitable Insurance Provider

The car insurance company that you select should be reliable and reputed in the market. Generally, it happens that insurance providers forget about their clients once the plan is bought. Make sure the insure company that you selected has a good customer services cell where you can reach out whenever you need them. Also, have a thorough understanding of the claim record of the company selected by you and select the provider which has a high car insurance claim settlement record.

2. Analyse Your Insurance Requirements

It is necessary to understand and analyse your own requirements before making a purchase. You need to understand your needs, as only then you will be able to find the right car insurance plan. There are several car insurance policies available in India nowadays. Not all the insurance plans are of use to everyone. You need to select the correct car insurance plan after understanding your and your cars needs .

3. Use your No Claim Bonus

Always keep No Claim Bonus in mind while purchasing a car insurance. If you have some accumulated No Claim Bonus in your account, don’t forget to inform your insurance provider about it. you get a discount on the car insurance premium as the No Claim Bonus is always transferred to a new policy. Always use your No Claim Bonus for a wise purchase.

4. Prepare a Budget

In India there are various insurance companies that provide car insurance plans at different rates. Some of them are expensive however some are affordable. You need to to analyse how much you can afford to spend on your car insurance plan. If you can't spend a good amount then you must go for a plan which offers larger coverage otherwise you can settle for the car insurance plan that is well suited to your budget.

5. Select the Right Cover

Car insurance in Indian is available in two types third-party liability and comprehensive. Select the right type of car insurance you need and then go for a good plan in that category. If your vehicle is old, you can also opt for a third-party liability plan. If you have a new and expensive car, you surely have a comprehensive car insurance plan. Understand the differences between the two types of insurance plans available and then select your right policy.

6. Compare Plans

You should compare car insurance before purchasing a policy. Once you compare, you will be able to find the best policy at the best quote. It is very easy to compare as you can do this online in a few seconds only. So it is necessary to compare the quotes if you want to find the best car insurance plans. If you do not compare different plans you may remain uninformed about the better and affordable alternatives and end up paying an exorbitantly high price for the same plan.

7. Shop Online

Car insurance is widely available online nowadays in India. The online plans are quite popular also. The main reason behind this is that the online plans are much more affordable than offline car insurance plans. If you want to save money and make a wise purchase, prefer buying car insurance online.

Conclusion

To convert your car insurance policy into the best one, you must follow these simple tips while purchasing. A car is of great use and you need to have proper coverage. Get a good car insurance policy and keep your car safe and secure. It is also advised to make payments for the premiums on time and enjoy uninterrupted car insurance coverage.

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.

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.

Written by Sharad Bajaj

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Sharad is an insurance industry veteran who has managed motor insurance products for over a decade. He helped set up and scale the motor insurance vertical for a leading insurance company in his previous stint. In his spare time, Sharad likes to read and be in tune with nature.