Interested in buying a new car, Keep these things about car insurance in your mind

If you are someone who is planning to buy a car in the recent future then you must be thinking to buy insurance too. Even though car insurance companies have multiplied during recent years in India, there are many who do not know about the type of insurance they should be buying. If you don’t have any idea about car insurance, then you must read this article and become clear about it. A proper insurance can not only save your car from accidental damages but also save you from unnecessary headaches.

Some important point that a user should keep in mind while buying car insurance

Check details about Insurance Company

Before purchasing an insurance plan for your car, check the particular company you are planning to take the insurance from. Knowing the history and credibility of the insurance company is beneficial for you in the long term. If you are given a better plan from another company you can opt for it. Hence, it is important to compare the policies of different insurance companies. It is also important to know whether a particular company’s network connects your city or not.

Coverage of the plan

The coverage of the insurance plan must be known to you. The plan should pay for damage caused to the third party during an accident. If the car is stolen or damaged the owner should get the claim amount. In order to avoid any issue during such type of troublesome situations you must read the terms and conditions while browsing a plan.

Insured declared value

Check the Insured declared value (IDV) of a vehicle before purchasing car insurance. However, do remember that the insured declared value is not same as resale value. The Insurance Company allows you to select IDV from a given range.

Understanding your requirement

Depending on the use of your car, the type of insurance will differ. You should keep in mind about how you use the car and then choose insurance. If you are a person who uses a car in only your neighbourhood locality you can prefer a cheaper plan as the risk is low. However, if you use your car for business purposes and travel intensively you might need a higher premium plan.


Calmly think about your requirement from an insurance plan and then choose it. Choosing an insurance plan with a higher premium might be heavy on your budget. If your requirement is low (when you have an old vehicle) you need not opt for a high premium plan.


Also read: Royal Enfield Himalayan 650 to be available in India around…

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