Things to keep in mind when buying a used car

The used-car market in India is growing rapidly. Even luxury carmakers are looking into India’s pre-owned car market to target customers like you, and considering the attractive offers offered on used cars, it’s only understandable if you too would like to weigh in.

However, since this market is still in its nascent stages, it’s important you tread carefully. There may be sellers who function without proper licenses or don’t provide sufficient documentation, which can be problematic in the future.

Here is a checklist you can keep handy to ensure that you have cemented your ownership of a used car:

1. Do you have the originals?

Unlike a new car, buying a pre-owned car involves transfer of ownership, which is why it’s important you have the originals to support your claim rather than just the photocopies.

This also includes documents which only a new-car owner gets. Firstly, the Road Tax Receipt ensures there are no pending dues so you don’t end up paying penalties. Secondly, the duel fuel certificate is for cars that have been modified such that they can run on two types of fuel. You must also ensure you get the No Objection Certificate (NOC) from the regional transport office (RTO).

2. Do you have the payment receipts?

Similarly, ask for the receipts of any payments you have made. This receipt should contain the dealer’s complete address and their contact details. This is, after all, the proof of your purchase, so make sure it’s the original invoice, and not a copy.

3. Do you have the registration certificate?

In India, it is not enough to merely purchase a car, you have to get it registered too. This is the most important document to have while you’re on the road. It has all the details of your car—its registration number, its chassis number and even its engine number. These are the various ways your particular vehicle can be identified. However, don’t just blindly copy the details. It may have happened that the engine was replaced in the past after the car’s initial registration. In this case, you have to ensure the certificate reflects this development. Keep in mind ‘DRC’ on a certificate stands for ‘Duplicate Registration Certificate’, which suggests it isn’t the original.

For those who plan to purchase a used car from another state/region in the country, make sure the registration belongs to the state/region you are driving in. If you are taking the car from one state to another, you may have to pay additional road tax and Octroi charges in your state. This is usually calculated as a percentage of the car value. This percentage differs for each region’s RTO.

4. Do you have the pollution certificate?

This is a simple and necessary certificate that serves as proof that you are sticking to the government’s guidelines on pollution control. This ensures that you are staying within the purview of the law.

5. Do you have your insurance papers?

The good thing about buying a used car is that you simply have to change the insurance policy ownership, and not necessarily buy a new one. While doing so, do enquire about the history of the insurance —has any insurance money been claimed before? When does it expire? Are there any pending premiums? Also, if you have to opt for a new insurance policy in case of its expiry, you could even try bargaining to reduce your premiums.

6. Do you have all the loan-related documents?

This is not just related to a loan you may or may not have taken, but is also applicable to any loans the previous owner of the car had availed. For this purpose, you need Form 32 and Form 35. Moreover, as mentioned above, you also need to obtain an NOC from the previous lender. This will ensure all dues have been paid, thereby leaving you in the clear.

Buying any car, not just a used or second hand car, is a big decision that involves lot of thought and research. However, buying a used car requires even more attention. Make sure you tick all these points off the list while buying your very own pre-owned car insurance. Keep the papers handy and drive safe!

[Source: https://www.tomorrowmakers.com/articles/car-insurance/things-to-keep-in-mind-when-buying-a-used-car]

All About Car Insurance

Quoting the Safest Figures - Car Insurance Quotes

The discussions and calculations regarding car insurance quotes has been a part and parcel of every car owner's life in an attempt to ensure a more secure future for his car. All insurance policies and coverage details come down to the primary estimation of insurance quotes and the stability and viability of different insurance options available to a car owner depends on the insurance quote that is provided to him. In order to be a part of the best deals, and get the most value added services from your car insurance policies, it is extremely  to work upon the most suitable that caters to your personal needs.

The first thing that most car owners worry about after purchasing their dream vehicle is to get it properly ensured so that the expensive dreams do not shatter under one accidental moment of madness. However, in the hurry for proper insurance, many often go with the first deals offered to them without bothering to weigh down their options and compare car insurance quotes to get an idea of the best deals in the market. The wisest option under such a scenario would be to look at the value oriented benefits of multiple insurance rates and choose one that provides the most extensive coverage with an affordable premium payment.

Car insurances can often be quite expensive with steep upfront payments and a long tenure of periodic premiums. However, several insurance companies look up customer credit details and offer value added solutions ranging from reduced opening premium to a higher claim package in case of reimbursement. You can always compare the policies offered to you by all the companies and go for the most affordable insurance quotes that would not be a burden on your finances but would help provide you all the benefits of a premium coverage package.

Many experts advise potential car owners to keep a lot of secondary factors in mind while going through car insurance quotes comparison to come out with the most satisfying experience for their policies. Good car insurance is not only determined by affordable insurance quotes but their responsiveness to claims and the detailed amount of accidental coverage they provide to your car and car additions. A notch support system to answer all your queries, and multiple centres all over allowing you to file your claims, are additional benefits that every car owner should look for before signing on the dotted line of the insurance papers.

Several online sites also offer the chance of calculations on the best car insurance policies and quotes based on your finances and payment details. However, it is more advisable to get in touch with your insurance agent immediately after purchase of the car to avail additional benefits and discounts.

Several cars also offer associated insurance with the purchase of new models. Some of the pre-existing offers might provide a lot of value for money schemes, but it is always wise for a potential car owner to sit down with a pen and paper, calculating quick car insurance quotes to get the best out of an auto insurance policy.

[Source: http://ezinearticles.com/?Quoting-the-Safest-Figures---Car-Insurance-Quotes&id=3876442]

Why Car Insurance Policy Is So Important In India

Learn How to Get Car Insurance without a License Online

If you are on the lookout for low cost auto insurance with no license then we may assist you to find one right from the comfort of your home and at your personal convenience. Take advantage of our free nationwide online specialist assistance to locate top rated insurers in America that could be willing to provide you car coverage at easily affordable premium rates despite you’re not having driver’s license. Click here know more about securing auto insurance without requirement of driver license

Can You Get Car Insurance Without A License? Yes You Can

It could be possible for you to secure auto insurance without driver’s license these days. This might seem contrary to what most people think. There are few companies which don’t hesitate to offer vehicle insurance policies to even those drivers who do not have driving license.

Nevertheless, the chances of purchasing auto insurance without license will depend on your age and to that effect, it could be much easier for you to obtain a policy if you are a teenager. Check the possibility of No fault insurance if your state provides.

4 Main Reasons For Getting Car Insurance Without A License

There could be certain situations in which getting no license car insurance may be necessary. Here is a list of such circumstances that one might take note of.

Having personal driver – You can contemplate buying this type of car coverage if you are an elderly or a disabled person who needs driver for driving car. But the car being driven has to be owned by you and the driver must be able to provide valid driver’s license if so is the case.

Under Judgement order – If you have been caught driving without proper license and judge has ordered you to get license. In such a situation, it is vital for you to get an unlicensed auto insurance policy first. In any case, you need to ensure that you find car insurance providers which are legitimate.

Suspended driver license – You could buy car vehicle insurance without having valid driver’s license if your driver license is under suspension for any reasons. However, you need to know that if so is the case then the premium charged for policy will be substantially higher. Besides, it is advisable to be honest with insurers.

Improving driving record – While one can purchase unlicensed car insurance cover, it is crucial for a buyer to know that the best premium rates are available for only those who have good past driving histories. Hence, before searching for this kind of auto coverage it could be better if buyers improved driving records

Buy Car Insurance With No License And Still Get Essential Coverage

Some companies provide no driver license car insurance covers for protecting vehicles from any kind of physical damage. One must not forget the fact that it is not essential that car will suffer damage only if you are driving it. Vehicle can get damaged even if you are not driving it and just sitting on the roadside. Normally, car

insurance without license of this type is cheaper as compared to legally required minimum liability cover or full auto insurance policy.

[Source: http://www.nodepositcarinsurancequote.com/get-car-insurance-with-no-license.php]

Why Should You Have Vehicle Insurance ?

Some tips to consider during car insurance renewal

Car insurance is mandatory in India. Without a valid insurance policy you will not be able to drive your motor on roads. There are general insurance companies that offer hundreds of car cover policies with customized solutions to meet consumer needs and requirements. The policy could be purchased for a year’s time and can be renewed after every year. However, most often consumers are confused at the time of car insurance renewal and tend to purchase any policy which may later not even cater to their needs. If particular element of the policy doesn’t cater your needs you will have to bear the financial losses.

Below are few tips to consider while opting for car insurance renewal:

Understand 

Before you buy insurance cover, it is essential to understand what cover you are willing to opt i.e a third party cover or comprehensive insurance.  Then you should wisely analyze if the requirements of your car compared to previous year. Drop out the least important requirements and then revise the amount of cover you would require. You should also keep in mind the minimum level of cover that is set as mandatory by your government. While is it unsafe to be underinsured, paying high premiums will also burn hole in your pockets.

Compare online

The wisest step would be comparing quotes online before car insurance renewal as it can save you a hefty amount of money and provide better coverage as well. It allows you to do a detailed comparison between insurance companies on the basis of their financial track record and claim settlement ratio.

No Claim Bonus

Every time you complete your car insurance year without a single claim you’re rewarded with No Claim Bonus points.  You can redeem the points against the claim amount or premium reduction. So check and see if you can avail of this benefit. If yes, then the discount will be deducted from your premium and you have to pay less for the current year. It is advisable, don’t claim for petty scratches or dent. Instead accumulate your bonus points and go for higher claim or discounts.

Add-Ons

Add-Ons help you customize your car insurance as per your need, besides adding on to the protection. Insurers provide consumer tailored solutions for add-ons that specifically suit your needs based on vehicle age, IDV, make & model and other factors. You should invest small money for additional benefits such as nil-depreciation insurance, roadside assistance and personnel cover known as “Add On covers.” Add-ons might increase your premium slightly but they provide extra protection to both you and your car.

Discount

Since you’re valued consumer, insurance companies will try every means to retain their customers. You will be offered renewal discount, festive discount etc. that can substantially reduce the burden on your pocket. Factors like good driving record, gear lock, anti-theft system, safety equipment will reduce your annual car insurance renewal premium by 5 to 10%.  Insurance companies’ gauge that you are concerned about your car and help you reduces the cost of the insurer and the benefit is carried forward to the consumer. Make sure you explore all the available options and minor details about your car at the time of car insurance renewal.

Why insurance renewal is important for your motor?

It is quite common to miss a credit card or utility bill payment due. The reasons could be endless like illness, emergency, travelling, hectic work schedule, etc. While, this is still a minor thing that could be rectified in time, skipping a motor insurance policy might will put you in danger of serious financial loss, if you were to meet an unfortunate incidence during this time. Also, most people who skip policies just to save the premium amount without understanding its repercussions will have to face the hassles later.

A motor insurance policy is an annual contract that needs renewal after every year on its due date as mentioned in the policy document. A lapse occurs when one fails to renew the policy by the due date. So, if the renew date passes away and had it been you meet an accident or so, any type of claim made will not be entertained by the insurance company. Moreover, after a lapse, in case of an accident one has to bear the entire cost from one’s own pocket. Therefore, it is important to have your motor insurance renewal on time to keep the cover continuing and prevent any financial losses.

Every motor insurance policy comes with a grace period for renewal. You can check this from your agent or insurance company without any further delay. The period can range from 3 to 30 days with or without any late fees or charges for using this grace period. You should immediately get in touch with the insurance company and check on options to renew the car policy. Some companies might allow you to renew the policy in case the lapse is only for a few days or else insurer will advise you to apply again for a fresh policy.

If you’ve applied for a fresh policy after a lapse, you should scan and shortlist insurance company based on competent premium offered, benefits & features available. Simultaneously, one should arrange all the previous policy documents, details of any past claims and basic motor documents such as RC, pollution certificate, etc. and keep them handy.

Motor insurance policy renewal is quite simple these days and can be done easily anytime from the place of your choice on companies websites. Nowadays, companies have introduced apps through which you can not only purchase policies, but also manage many things like paying premiums, renewing policies or claiming them. Insurance companies also chase and send reminders for policy renewal to customers through automated calls, emails and SMS alerts. Online renewal is also advisable as you can get a digitally signed policy immediately.

One can set reminders on mobile phones or calenders rather than depending on the insurance companies to provide renewal alerts. Expert service portals also come handy in such scenarios.

The consequence of motor insurancepolicy lapse:

•Renewal may be rejected

•Renewal may be allowed, but with some fines & penalties

•Fresh policy possible only after vehicle survey or inspection

•The company might charge a higher premium on the policy

•Possible loss of annual No Claim Bonus

•Utilize your valuable time and energy, take higher responsibility and possible loss of money in case of any accident during the lapse period

Know how to choose the best motor insurance policy…

Insuring your motor is mandatory by Indian Traffic law. But people, who are relatively inexperienced with car policy purchase, should have to compare quotes and then go for best coverage at affordable rates. A car purchase is a long-term decision and probably one of the expensive monetary investments that you make after property. Needless to say, we all love our cars and care for it a lot. Motor insurance policy is the best way to safeguard your beloved car. With ever expansion and rapid development on insurance segment choosing the best policy has been quite a daunting task.  Therefore, it is important to purchase right car policy else you might end up paying high premiums or cover rejected at the crucial moment of time. Most of us don’t really know what gets covered with a comprehensive motor policy and end up wasting energy, time, money and efforts thereby feeling frustrated when the claim is rejected.

A comprehensive motor insurance provides an individual with accidental cover while driving and also for its passengers, against any loss or damage done to your vehicle against natural calamities such as Fire, Explosion, Self-ignition, Lightning, Earthquake, Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, Hailstorm, Frost, Landslide, Rockslide etc.

In today’s world, internet provides the entire world wide information just one click away. Motor insurance policy comparison efforts have highly reduced due to this. By searching over the internet for reduced cost automobile insurance you can get different quotes from different companies as per the information provided by you.

While purchasing a motor cover you can be entitled for many discounts such as if your vehicle has an alarm, discount for safety features like airbags, theft alarms, careful driving, non-smoker or alcoholic, purchasing from particular credit/debit card may also fetch good discounts. Review the status of all the drivers in your family. Most discounts will apply only to one portion of the policy, so just enjoy whatever you can bank upon.

Online comparison sites help you to avail vehicle insurance that will help you save quite a lot of money and time. Working over the internet is not difficult, you can easily compare quotes at the comfort your home or offices. Compare them in terms of benefits & features offered, discounts, premium payment flexibility or hassle free claim settlements.

Once you have selected the motor insurance policy make sure that you get the cover worth the money spent on your premium. Before signing an application for any insurance cover, call up and take a feedback of the insurance company past performance. Check if the company is listed and has valid licensing, talk to your family or friends, customer service or existing customers about their experience with the company. Check problem resolving ability and tackling of any crisis or claim procedure.

Many companies nowadays have come up attractive packages to lure new customers or retain the existing ones. All you need to do is hunt down your benefits as much as possible at optimum costs. You can have a look at other company websites online and check for their premium rates and what all things the other insurers are covering in the same rate of premium. This will help you to decide the best possible car insurance you can get from a valid insurer at lowest premium.

16 Important Car Insurance Terms

Benefits of owning suitable car coverage

Car insurance is mandatory in every state of India. It can help you compensate the loss of huge sum amount during accidents, natural disasters or man-made calamities. Driving a car without valid car insurance is illegal in India. In case of death or bodily injury to a third party or any damage to its car, the car cover policy provides you with necessary compensation. Such type of vehicle insurance is known as third party cover and protects you from any financial losses.

While third party cover takes care only of the third person health, life or property damage repairs, a comprehensive car cover protect your car from any man made or natural calamities like terrorist attacks, theft, riots, earth quake, cyclone, hurricane etc. in addition to third party’s claims/damages.

At times, car coverage could be confusing and difficult to understand. There are certain guidelines that could be followed by car cover buyers which help them choose car policy at cheaper rates and best features. Car cover acts like a great friend at the time of crisis. It covers the losses made in an accident and thus saves you from paying out the huge sum from you.

Some benefits of car insurance cover:

•Offers benefit to survivors when an accident results in death

•Covers lawsuits, including legal fees brought against you as the result of an accident. Covers the bills of vehicle repairs due to damage cause in an accident.

•Covers damage to your car caused by other than an accident such as fire, theft, flood, etc.

•Car insurance policies allow premium discounts for theft or for owning more than one policy with the same insurer.

•No claim bonus is offered on renewals provided you fulfill certain terms and conditions. You can accumulate and claim a bonus of around 50 to 60 % within a span of 4 -5 years.

While getting a car insurance ‘one-size-fits-all’ insurance policy doesn’t exist. Different people have different set of needs for their cars. Internet is one medium which can help you compare car insurances under a single umbrella. It will help you not only choose the right car cover but will save time and most likely, unnecessary waste of money. It is good that you compare policies in terms of benefits & features, discounts & deals, flexible payment options and hassle free claim procedures.

One thing to learn while quoting for car policy would be when it comes to deductible on your insurance, you should know how much you will be able to afford. The higher the deductible, the lower your insurance cost will be. Please understand that you pay this amount if you do get into an accident, so if you don’t have an emergency fund, a high deductible, will not make you financially sound in that crisis situation.

Also, understand that your car insurance will cover only those things permanently attached to your vehicle, like your car stereo, damage to seat covers, windows panes, dashboard etc. So, if you keep your CD collection, laptop, sports equipment, or cell phone in your car, you might want to consider the extra protection of a property insurance policy. Take note of what coverage is included in the premium so that you can compare quotes more accurately.

Things to know while buying vehicle insurance…

When a person buys vehicle, he or she wants it to be safe. Even a small dent or scratch will make your mind reluctant and mind sad. Imagine what happens when you accidently bump into another vehicle, person or property? Else your vehicle gets destroyed due to some natural calamities like fire, earthquake, storm, etc. or man-made incidences like getting stolen? For a moment there will be tremors running in your mind. Not only will you have to pay hefty fees from your pockets but also get an emotional setback. To avoid such crisis situation vehicle insurance offers the necessary financial support to an individual when your car meets into any of the situation discussed above. Vehicle insurance is important for overall security of your life as well as your vehicle. 

Motor insurance comes with a certain premium to be paid to the company. Company will then cover you financially depending upon the terms and condition and insured declared value of your vehicle. Often it’s difficult to pay higher installment from your pockets. Therefore, the best way to find some beneficial deals would be getting a free insurance quote online. By spending a little time comparing quotes online you can shop for the best deals at affordable prices. It is advisable when you visit online websites compare quotes in terms of benefits & features, discounts offered, hassle free payment options, good claim settlement ratio, better renewal offers, etc.

You can quickly make the comparison between varied vehicle insurance policies on internet. There are several online sites which have the additional features of comparison that lets you get different customized policies under single umbrella.

Before opting for insurance policy purchase, its better you know all your demands and considerations. You need to have a thorough knowledge about different available quotes, check if the policy is affordable by you or not because to avail the benefits you should a pay certain premium. But make sure it doesn’t cause a burden on your family budget.

Internet helps you get vehicle insurance quotes at the leisure of sitting at your home or place of work. You can easily access different quotes available on the internet. The rates of all the policies are quite clear and transparent. Thus, it helps you save money, time and energy in visiting place for collecting brochure, forms, filling them up, getting documents attested and finally submission. 

The same follows at the time of renewal and claims. The best part is you don’t have to get an appointment on internet. You can access it 24 X 7 anytime and anywhere from the place of your choice. You don’t need to create an account for reading insurance quotes; they are available for free nowadays.

The company reputation in the insurance markets, their claim settlement ratio, customer service approach is very important to consider before purchasing vehicle insurance. The company should be genuine, economically strengthen , must have free insurance quotes available on net.

In simpler terms, an affordable vehicle insurance policy should encompass all your car needs is what one should aim for. Therefore, it is necessary to compare car insurance prices in such a manner that it will strike a balance between cost, coverage and exclusions. Besides, comparison it’s the reputation of the company and its claim settlement track record that must be considered while comparing car insurance quotes.