Choosing
which insurer you should purchase your car insurance policy from is a decision
that has to be taken very wisely and after careful comparison. There are
hundreds of motor companies in India that cater to their clients with
customized car cover policies at affordable rates. Even though you can renew
your car policy a year later, you can’t tell the extent to which you may need
the insurance cover in future. Therefore, the best way is to compare policies
before you purchase them or renew them each year. There are some factors that
you must evaluate before deciding upon a particular policy being purchased from
the list of motor insurance companies in India:
Premium:
It
is the most important part of your finance management in car cover. There are
many ways to cut down your premium such as parking your car in safe area,
security alarms, No Claim Bonus, valid and reputed driving licensing etc. So,
you should always look to cut down your insurance premium so that you get
maximum coverage at affordable rates.
Riders:
There
are some insurance riders every car owner can consider to incorporate in their
plans. These riders provide additional and essential benefits to your car.
Although, they come at slightly higher costs but the coverage they offer is
well balanced and quite helpful. Some of these include Personal accident cover
which financially safeguards you against unforeseen events causing bodily harm,
such as Accidental Death or Permanent Total Disability arising due to a road
accident; rental reimbursement rider covering the cost of renting a car, Road
side assistance offer facilities like fuel refilling, battery jumpstarting,
lost key replacement, legal advice etc.
Reputation:
There
are several motor
insurance companies in India that are
available at your service. But it’s a two-way street under which you pay for
the coverage and your companies provide protection to your car. Hundreds of
fraudulent companies are being set up around in markets that may promise
service & cover but at the time of claim you may find it extremely
difficult to get money. Therefore it is necessary to do background check about
the reputation and financial standing of the insurer you wish to take insurance
from. Going through online reviews, speaking to friends and relatives, and
staying abreast with financial news can help you keep track of the motor
insurance company's reputation.
Convenient Buying:
Your
insurer should be accessible anytime of the day or night. A well-established
digital presence will make the difference and give easy claims online.
Nowadays, motor insurance companies in India have introduced mobile app which
is huge plus for consumer to manage policy while on the go. From purchase to
renewal, claims to documentation everything is right under your belt along with
these apps. It also makes it easy to get a car insurance plan online as you get
a digitally signed policy through their portal.
Cashless Garage Facility:
The
most important part of car crashes is to arrange finances to pay to the garage
people. If at all, you get a cashless garage facility it would be like a boon
for that moment. Some advanced insurers offer a cashless garage facility
wherein, if you get your car serviced at a garage that is part of your insurer
network, you can get it fixed under a cashless claim.
Customer Service Team:
It
is very important you maintain a healthy relation with your motor insurance
company. Understand there customer service problem solving ability, way of
approaching customers and closing concerns under deadlines. One quick way to
check this is to visit the insurer’s website and contact them via chat or phone
calls and assess how quickly and helpfully they respond to your concerns.
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