Busting 5 Myths About Buying Four Wheeler Insurance
Car insurance comes under personal finance, and when it comes to personal finance, everyone has an opinion. Sometimes, unsubstantiated opinions about car insurance can be passed on from one person to the next until they turn into myths. The thing about myths is that, to the uninitiated buyer, they are facts upon which purchase decisions will be made. This can be quite dangerous and result in major disappointments in the future. To keep this from happening to you, the following article will go over some of the most common myths about buying 4 wheeler insurance online to ensure you make smart & sound buying decisions. 1. Older cars don’t need insurance First of all, not only is car insurance necessary but it is also mandatory by law to buy at least a basic policy for every car. So, whether your car is old or new, the Indian Motor Vehicle Act, 1961 makes it compulsory to buy motor insurance. Secondly, the reason that many people believe this myth is beca