subject: The Advantages Of Motor Car Insurance Policy [print this page] Motor car insurance policy today, is not just a simple document that needs to be carried, but sometimes, it can be a life saver. Many drivers these days, think that car insurance or auto insurance is a waste of time and money. If they are careful while driving nothing can happen. But, this is not true in many cases. Many a times, accidents have taken place because even very experienced drivers can panic in the last moment and lose control over the vehicle, leading to an accident. So, it is important to take new car insurance so that it can protect and provide compensation to us under such circumstances. This can happen to anyone and no one is immune from this.
In India, these days, roads are becoming more and more unpredictable thanks to the exponential increase in traffic in terms of number of vehicles (two wheelers, four wheelers and heavy vehicles) and also pedestrians. Apart from this, our vehicles are becoming faster and faster. This makes our driving problematic and accidents can take place.
These days, vehicle owners are not only worried about damage caused due to accident, but they are also concerned about damage to the vehicle caused due to scenarios other than accidents. These include acts of terrorism, riots, clashes, floods, hurricanes, storms, hailstorms, theft, etc.
With the help of car insurance policy, all such scenarios are covered and the car owner does not have to worry about anything. Just take car insurance and forget. But, dont forget to renew it after one year. It is very easy to renew your car insurance policy today, than ever before. One can use various car insurance calculator India to arrive at the best price of new car insurance and renewal insurance and benefit from the same.
There are two major types of new car insurance policies available. These are Third Party Liability policy and Comprehensive policy. A third party liability is that type of new car insurance, which compensates for only those expenses which are incurred by the third party in the accident. This type of policy only pays for such third party expenses which include medical as well as vehicle damage expenses. No compensation is paid for the policy holders vehicle damage or medical expenses.
On the other hand, there is comprehensive policy. Under this comprehensive car insurance policy, all and major damages caused to the vehicle in terms of accidents, theft, calamities (natural and man-made) such as floods, hurricanes, hailstorms, riots, clashes, acts or terrorism, etc. When the policy holder continues or renews the old policy without any claims in the last year, he can be eligible for great discounts. As this policy covers all major ways in which a vehicle can be damaged, the cost of comprehensive car insurance policy is very high.
When we compare these two car insurance types, it is advisable to opt for comprehensive car insurance policy in comparison to third party liability car insurance. When taking a new car insurance, it is recommended to go with comprehensive car insurance policy because of the fact that comprehensive covers all possible sources that can cause damage to the car.
With the help of car insurance calculator India available at various websites it is easier now to calculate car insurance based on the brand, model and design of the vehicle. The car insurance calculator India can be used to calculate insurance from various car insurance companies which are offering the policies and the quotes can be compared so that we can arrive at the lowest possible rates.
by: Andy Smith
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