subject: Car Insurance at Affordable Rates in India [print this page] Car Insurance at Affordable Rates in India
Each day many people are purchasing vehicles. However, to maintain these vehicles is a costly affair. One such costly feature that comes under maintenance of the vehicles is Insurance. In India, you can find many government-owned and private bodies providing cheapest, best and affordable insurance plans. There are numerous benefits for getting your car insured. First benefit for getting your car insured is the coverage that an insurance policy provides. This gives you mental relaxation, smooth and secures journey and indirectly good health.
Normally, when you buy a new car, the car dealer helps you in getting car insurance. These insurance plans are sometimes expensive or sometimes cheaper than the plans available by insurance companies.
Getting motor plan insurance is an important task, but people are more interested in availing an affordable insurance plan with maximum coverage. With so many options, it seems a difficult decision. In order to avail for the cheaper car insurance plans, you need to look for various offers and discounts available in the insurance market. As there is a competition in the insurance market, with little research and an eagle eye on various offers, you can easily find out the cheaper insurance plans. You can get these plan details easily on the internet. Comparing these plans helps you to save lot of time and money.
Affordable Motor Plan Coverage in India
Auto insurance or car insurance plan covers all financial risks involved in using a car. A car may face damages through natural calamities or by human heedlessness. It might meet with accidents, loss, or theft. In any case, it leads to huge loss of money and unnecessary monetary burden on the owner of the car. Our Indian government, thus, has made a mandatory act to get car insurance compulsory for the car owners.
There are two types of motor or car coverage plans, which are comprehensive coverage plan and third-party coverage plan.
As the name suggest, comprehensive coverage plan is highly comprehensive providing optimum coverage against all natural calamities and accidents, losses or thefts. The third-party coverage plan covers only the accidents, loss, thefts and death. Since, the coverage is less when you buy the third-party insurance plan, the premium is also less. With comprehensive coverage plan, the more features you cover the more premium you need to pay.
In India, the third-party insurance plans are provided by government-owned companies and the comprehensive insurance plans are provided by private owned companies.
Cheapest and Best Auto Plan Providers in India
As you are looking for the cheapest auto insurance plan providers in India, you can find the best of them on Internet. Internet is the one stop place to search for best and affordable insurance rates with maximum insurance coverage. Some of the best government-owned companies are as follows:
General Insurance
New India Assurance
Oriental Insurance
United India Insurance
Other best private companies offering comprehensive plans are as follows:
ICICI Lombard
National Insurance Company
Bajaj Allianz
Tata AIG
Reliance General Insurance
HDFC Ergo
Royal Sundaram
These companies offer you many motor coverage plans and helps you in a great deal to choose the policy that fulfills yours and your family needs.
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