Secure Your Drive with a Suitable Car Insurance Policy this Diwali

Diwali is not only the festival of lights but also offers ample opportunities to buy new things. One of the things that you can check off your list of aspirations this Diwali is a car. With hefty discounts and additional accessories on offer, it is the best time to get a new car into your home.

While you are at taking test drives from different dealers, do take a close look at the quotes that they provide. It has different components such as ex-showroom price, GST, handling charges, insurance, accessories and so on.

Understanding Car Insurance

The insurance component is something that one must not ignore at any cost. And there are quite a few reasons for the same.

  • Legal Clearance

As per the Motor Vehicles Act of 1988, all vehicles plying on the road must have a valid car insurance cover on them at all times. If you fail to do so, you pay hefty penalties.

  • Coverage

Over the years, cars have become more expensive. Should your new prized possession meet with a minor or major accident or incident, the comprehensive car insurance cover will ensure that you need not worry about any expenses arising out of it.

  • Peace of Mind

Incidents do not always happen when your car is on the move. If there is a natural calamity such as a flood, cyclone or earthquake, it can cause damage to your car even while it is parked. Also, if there are attempts of theft or burglary, the policy can be your savior. To ensure complete peace of mind, buying a car insurance is recommended.

Understanding Your Car Insurance Policy

Before you set out to buy an insurance policy, here are a few things that you must be aware of. These points will help you better understand the policy that you buy and make the process relatively easier.

  • Comparison

You can log in to a certified insurance company’s website and buy a car insurance online. There are loads of benefits of buying a policy online such as convenience, hassle-free experience, lower premiums and so on. However, buying car insurance online also presents the opportunity to compare policies. On comparison, you can make the most of your buying experience. You will be able to buy a policy that is high on features and low on premiums. There are several websites which will help you get quotes from different insurers at your fingertips.

  • Discounts

If you want to reduce the premium of a car insurance policy, there are a few discounts that you can avail. If you register yourself with any of the authorized automobile association, you can expect a small discount. Similarly, if you install any safety device on your vehicle that is recommended by the Automotive Research Association of India, you can get discounts up to 2.5%. And the biggest of them all is the NCB or no claims bonus. For every year that you do not claim your policy, you stand to benefit from a sizeable discount while renewing your policy.

  • Add-ons

There are lots of situations where a policy buyer might look for additional coverage for their vehicle. Add-ons or riders come in handy in such times. By paying some additional premium, you will be able to enhance the capabilities of your policy. Some commonly sought-after add-ons include zero depreciation cover, engine cover, roadside assistance and so on.

Stay Insured

Buying anything new comes with a lot of excitement but none as buying your own car. If you are someone who loves their car dearly, buying a car insurance policy for it one of the best ways to keep it secured.

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