How to choose best Car Insurance Policy, Buying a car is like a dream for many in India. Selecting a good car with great features is hard to find. Many Indian car buyers often take loans to pay for the car.It very important to buy a good car insurance because of long term. Buying a car insurance can be hard for many insurance buyers. Usually auto dealer’s sales team will try to convince the car owner to buy insurance for the newly purchased car. However, it is very important that the car owner should have a good idea about car insurance available before buying. Now check more details about "How to choose best Car Insurance Policy" from below.....
How to choose best Car Insurance Policy
Categories of Vehicle Insurance
The policy provide cover for damage to property. Accidental death or injury to third party is also covered. 2. Comprehensive Plan: Many experts recommend a complete plan. The comprehensive plan provide complete protection.
This plan is best when a loss or damage happen due to third party.
They also provide other additional services on the basic policy for more effective cover.
Premium affecting factors:
- Risk related to vehicle: Diesel vehicles have 10 to 15 % higher premium than other cars. Sports Utility Vehicle (SUV) and commercial vehicles require higher premium.
- Risk related to location: More populated areas and urban areas have higher premium than semi-urban areas.
- Claim History: If the individual has already claimed before. The premiums go up the next year.
- Driver age: The age of the buyer is also one of the greatest factor when deciding for insurance premiums.
ConclusionIt is thereby advised to a car buyer to first check available insurance. Before buying a car insurance a buyer must first compare the available options. Comparison can be done online or through insurance brokers. After this a decision should be made. It is absolutely important to buy a good insurance policy. It can help an insurance buyer save a lot of money.
Buying cheap insurance is not a good idea, since it should be bought for long term.