subject: How To Obtain Car Insurance Policy For Your Vehicle [print this page] Car insurance policy is mandatory in IndiaCar insurance policy is mandatory in India. A person needs to buy a basic car insurance cover at least which is also called third party insurance cover. However, people purchase car insurance policy which is comprehensive in nature. Extensive car insurance coverage includes damage or total loss of the vehicle, third party coverage, and personal accident coverage for the owner. If there is need to increase the new car insurance coverage, the same can be done with the help of add-ons which can be purchased by paying more premium amount. There are a lot of add-ons and you can choose whichever you require.
For obtaining new car insurance policy for your vehicle, there are multiple methods. Usually, people approach car insurance agents when they want to buy new car insurance policy. But that is not the best option to buy car insurance. That is because an agent is representative of one insurance company and is guided by the commission. The car insurance policy may or may not be comprehensive in nature. Moreover you might be able to get car insurance policy with same features and benefits from other insurance companies at lower price. It is also possible that add-on might not be available with the car insurance policy which the agent is selling. Find the best car insurance coverage online provided by insurance companies.
Another option to obtain new car insurance policy is through brokers. A broker can show you quote from multiple insurance companies but he too is guided by the company which will pay him the most commission. Also broker may not have all the companies on his panel. A broker will only try to sell insurance policies of insurer with whom there is better working relationship.
The best and transparent option to obtain assurance car insurance policy is through web aggregators. Car insurance web aggregators give you comparison of quotes from all the insurance companies. This works better since you can access all the information yourself and make the choice. You will be able to compare assurance car insurance premium of the vehicle by different insurers and buy the policy which is most suitable for you. However do ensure that your coverage is not being compromised so as to save money on premium amount.
There was a reason why people used to prefer agents and brokers. Because they claimed that they could help people during claim time. So having a go between was preferred by most people as to avoid inconvenience and people were ready to pay extra for it. But now with insurance companies improving services, people can buy online and deal directly with the insurance companies as claims are now becoming hassle free process.
by: Addy Brown
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