subject: Search Online Before Buying Auto Insurance [print this page] India is one the largest market for automobiles in the world. Many Indian and foreign auto makers now offer their best cars and bikes to the discerning Indian consumer. Car insurance forms a major part of any insurers portfolio in India.
The government had made it mandatory for every vehicle to possess a valid insurance coverage to be ridden on Indian roads. Most auto makers have tied up with various insurance companies and offer a one year insurance policy that comes bundled with the vehicles cost. New car insurance is big business and there are ways you can save money and still buy a good insurance policy for your car.
Bikes are Indias favorite mode of transport. Bike insurance is necessary so that you are protected and financially secure in case of an accident. Most two wheeler insurance policies also have accident riders and its a good idea to opt for these riders in addition to the regular policy. Opt for third party liability when buying a new car insurance policy or bike insurance. This is a critical part of insurance coverage and protects you in case your vehicle is involved in an accident and some third party makes a claim against you. In this event, if you have opted for third party coverage, the insurance company will pay damages up to a certain pre decided amount to the third party.
Understand your insurance requirements and then buy a car insurance policy or two wheeler insurance. When a vehicle is new, insurance premiums are high and hence it makes sense to take some time and study the various policies before you buy them. Its a good idea to be completely upfront with your insurance company so that they do not reject your claims at a later date citing wrong information. In case of new car insurance its a good idea to share your previous insurance history with the insurance company so that they can possess the relevant information.
Seek help from an insurance advisor: Unlike insurance agents, advisors are not employed by one particular insurance company and will be able to assess your requirements and help you navigate among the various options that are available now. Its also a good idea to try and club your insurance requirement so that you can avail of better discounts. If for example your family has two cars and two bikes then you could negotiate with an insurance company and get all four vehicles insured with the same company and enjoy a common standard of service and the benefit of dealing with only one insurance provider.
Comparing insurance quotes from various companies is also a good idea to buy cheap new car insurance. All major insurers have websites where they advertise their four wheeler policies and bike insurance schemes. Most two wheeler insurance sold online is at discounted rates. Another thing that people can do is to use insurance comparison websites to help them get the lowest quote on a four wheeler insurance policy.
by: oveearya
welcome to Insurances.net (https://www.insurances.net)
