Top 10 Car Insurance Tips

Evaluate Car Insurance quotes before buying. Usually you could save as much as 55% on you coverage top rate.

Examine each fees and capabilities.

Watch-outs:

1) IDV : This is the maximum money you can get in case of overall loss. To reduce your premium your agent is able to reduce this amount..

2) Voluntary excess : Say in case of an coincidence, you opt to pay for the first 5,000/-. After this  amount can be reduced out of your premium. However there can be a trouble, in case your agent does this without informing you. Which is what happens quite a bit, so watch-out.

3) No claims bonus : Please make sure you get the proper no-claims bonus. if you take greater than you are entitled to, your claim if any might not be processed.

4) Your cover note : This is valid for the primary 60  days, after that you ought to get the very last policy report. in case you do not get hold of this, you could not be insured. Please ensure your broker / agent provides you this.

5) Cashless : Do not be over exited by this. Most of the companies have a cashless settlement procedure having multiple partners in each and every city. A broker could guide you about which companies have a cashless settlement tie-up with which company, and garage.

6) Continuously purchase insurance from an insurance broker. Ask for the broker’s license no and have a cross check it on the IRDA Website. These brokers are paid identical amount of the company’s policy they sell. Therefore they may be now not biased to any specific insurance company. An insurance agent then again can sell policy of just one organization and hence will usually push that company and its benefits.

7) You could get additional personal accident Insurance for passengers and driver. This is a best way to insure people who travel in the vehicle with you.

8) Be straightforward /truthful in your declarations on the proposal form. This will ensure that your genuine claims will be paid.

9) There is a lot of misleading -information in the market. So get everything in writing or cross check it on a reputed websites.

10) Safety is first. Therefore always drive safely. Don’t ever drive under the influence of alcohol. Over time this will reduce your premium while covering the hazard.

All the best!