A Guide to Avail the Best Car Insurance Policy in India

In terms of buying the best car insurance in India, most motor vehicle owners tend to commit a series of mistakes that need to be paid special attention to. The mistake that they commit is by neglecting the importance of conducting a proper research. Most of the policy-buyers consider only one factor while buying or renewing their car insurance and that is – the premium of the policy. However, make yourself mark safer from repeating all such mistakes, here’s a step-by-step guide to help you choose the best car insurance policy in India.

Compare Premium Quotes Online

Online comparison of various car insurance policies is a must in order to avail the best car insurance. You may come across a really good cover online if you take some time to compare premium quotes online. You must keep in mind a few things when you compare car insurance online:

• Compare policies from different insurance providers
• Make sure that all the comparison portals calculate the premium on the same Insured Declared Value (IDV).
• Make sure you check at least 3 Insurance comparison portals.

Review Additional Riders Offered

You must consider all the important add-on covers available with your insurer and choose those that you think would be most suitable. Some of the best Car Insurance add-on covers include:

• Engine Coverage
• Third Party Liability
• Roadside Assistance
• Zero Depreciation
• Personal Accident Cover

Consider Reviews of Car Insurance Providers

You can ask your friends or family members regarding their experience with any particular Motor Insurance provider. This will certainly give you a clear idea of how their customer services it and their claims process procedures. This will, in turn, help you make the correct choice.

Check Claim Settlement Ratio

Right before you finalize any particular Car Insurance provider online, the final and last factor you must consider is the Claim Settlement Ratio of that particular insurance provider. A Claim Settlement Ratio basically stands for the amount of time taken by any insurance provider to settle down a claim for their customers. If the claim settlement record that insurance provider is good enough, you should go for it purchase or renew your Car Insurance policy. You can also check the Claim Settlement Ratio of any insurance provider from the IRDAI website.

Follow the above-mentioned tips in order to choose the best car insurance policy in India online. Also, make sure you don’t end up purchasing something more than you really need.