Car Insurance

When you buy a car, it comes with an insurance policy, right? It’s a neat package that ensures that you do not have worry about the formalities of four wheeler insurance and that allows you to legally drive your car, right from the moment it leaves the dealership. But have you ever wondered if the plan that is given to us is the best option for you and your car? Here are some reasons why you should look into plans besides the one that comes with the car. 1. The one size that fits all might not fit you. The plan that comes to your car is pre-packaged. It is the same one that all other buyers will receive. However your insurance needs might be different, you might live in a flood-prone area, on which case, getting the engine protector cover might be needed. Or maybe your parking spot is under a coconut tree, in which case you might want to get the windshield protector add-on just in case. Or maybe you live in a theft-prone area and would like protection for your personal belo...

Buying a car insurance policy can be a little tricky, especially with the number of options you have today. There are dozens of insurance providers and they will all have a bunch of USPs and benefits that sets them apart from others. However, since car insurance is a financial product and financial products are all about the numbers, here are five important digits to remember when buying a car insurance policy that will help ease the entire purchase process. 1. Network garages. This is one of the most important numbers to keep in mind when buying a car insurance policy. The more network garages an insurance provider has under its belt, the easier it will be for you to access cashless claim in case of an accident. Don’t settle for a motor insurance plan if has a network garage near your home but fewer network garages in general. This is because an accident can happen anywhere or you could relocate, therefore the key is to have a widespread choice of network garages. 2. ...

To explain it with a rough analogy: your car’s VIN, chassis & engine number are for your car, what your Aadhaar, PAN and Passport number are for you! So, it goes without saying, all 3 of these numbers are very important. Not knowing where to find them is somewhat equivalent to not knowing where your identity proof documents are located, can you imagine that?! Keeping this in mind, the following article will tell you where you can find these important numbers in your vehicle – it should help when buying car insurance , filing a claim, and if you ever need to file an FIR. Not to mention, it’s good to know just for your general knowledge too! So let’s begin. 1. VIN VIN stands for Vehicle Identification Number, no awards for guessing that one! Your car’s VIN is unique, just like your fingerprint. It is made of 17 alpha-numeric characters and it is used to identify & keep records about your vehicle. It may also be required when buying a car insurance policy for your ca...

If you are new to buying a car, then it is likely that buying a four wheeler insurance would be the last thing on your mind, if there at all. However, ignorance is the same as innocence, meaning not being aware of it does not mean you don’t have to buy it. In fact, the Indian Motors Act mandates every vehicle owner to get insurance for their vehicle. Apart from being mandatory, buying four wheeler insurance is also a smart thing to do. If your car is insured, any accidental damage to it will be covered by the insurance provider. The insurance company will pay for the damages and also cover the cost of repair. However, you will get these services if you buy a four wheeler insurance and pay an annual premium. The basic idea of vehicle insurance is that you pay the insurance provider to secure financial aid in accidental damage situations. Hence, you need to exactly what to buy. Here are a few tips for first time four wheeler insurance buyers.   Do your research As ...

Car insurance is extremely important and mandatory too! However, current reports show that a vast populace is not insured. Moreover, if you ask individuals, many will tell you they wish they didn’t have to pay for motor insurance . Well, this article will highlight the importance of such policies to reinforce their need if you drive your vehicle on Indian roads. Without car insurance: Driving your car on Indian roads without a valid motor insurance policy could result in numerous fines and even jail time. This is because, because of the Motor Vehicles Act, car insurance is mandatory. Driving your car without a valid policy could invite a penalty of Rs. 4,000 and jail time of up to 6 months. Liability: Besides for the fines, car insurance covers your liability towards others in case they suffer injuries or their property is damaged due to an accident that you are involved in. Without a motor insurance policy, you’d have to cover these costs out of your own pocket. However...