How to get cheapest quotes on car insurance

Purchasing car insurance is important. However, its high premium rates are something due to which many people refrain from buying the same. However, the costs faced in policy’s absence can be way higher than the policy cost.

To get cheapest quotes on car insurance, the best place to search is online!

Get best deal by evaluating car insurance quotes online

Going online is perhaps the best way to get cheap car insurance. You can easily evaluate several plans offered by different insurance companies.

Hence, you can spot the best deal right on and stay updated about the best current offerings in the market by doing regular online research.

Knowing the benefits becomes easy online!

When you compare quotes online not only does it enhances the chances of getting the best deal but also lets you review through all the pros & cons of the particular insurance easily. As a result you can get the best possible deal as per your requirements & budget.

Have you ensured whether the company is legitimate or not?

Regular searching mechanisms let you keep a track on the best offerings of the company. Hence, do a regular comparison of policies online. It will help you save lot of money on the yearly premiums.

In this process, however, remember to get your car insurance from a licensed and trusted insurer to avoid unnecessary troubles and lack of co-ordination when you need it the most. Ensure that the company has sufficient funds to give you your compensation even in its rough patch!

Are you sure everything is covered in your policy?

State your expectations clearly to the insurer and ensure what the insurer will truly abide by.

For e.g. Your car consists of expensive high-tech stereo equipments. However, you did not inform this to your insurer. As a result, there’s no room for equipment’s replacement cost covered in the policy.

In this case, if the equipment gets stolen, the insurance company will provide only the equipment’s average cost which can be very less and unacceptable. Hence, ensure that everything is covered to stay secured in the long run.

Further some useful tips for ideas on how to reduce your premium-

Target a deductible amount

Agreeing for a certain deductible amount, let’s you lower your premium on car insurance in case your car gets damaged. The greater the amount of deductible the lower will be the insurance premium. However, decide this amount cautiously such that it does not become self-demeaning in the end.

Safe driving records matter!

Most insurance companies provide good significant discounts for drivers who have accident-free records. Thus, maintain a safe driving record to benefit from huge and regular discounts!

Also last but not the least, always pay your premiums on time and avoid missing the date of renewal to get long-term benefits.

Why the cheapest car insurance may not be the best for your car

Life would be so much simpler if getting cheap car insurance was as easy as watching.

All you had to do was enter the details on the price comparison sites and zero in on the cheapest car insurance company that offers the least premium. However, getting cheap car insurance is not that easy. Unfortunately, things are not that simple.

While saving money in any way that we can is great, it is also important to understand that cheapest car insurance may not be the best for your car.

Our car is one of our most valuable assets. In case your car is involved in an accident and your insurance does not provide sufficient coverage you would need to shell out a lot of money from your own pocket.

Watch Out for the Cheapest Car insurance!

You Get What You Pay For

Cheap car insurance may ensure lower premium but does it provide adequate coverage? When you shop around for the best car insurance, you compare different car insurance quotes. This is obviously the best thing to do. However, while comparing policies ensure that you are comparing like-for-like cover. Some policies may seem cheaper but when you make the claim, you realize that you may have not the same level of cover. Sometimes the cheapest policy may mean far lower coverage than you actually require. Don't we all wish to buy cheapest car insurance?

Premium Calculator

Car Insurance Premium Calculator

# estimated premium amount

Note: This premium quote considers the full NCB (No Claim Bonus) and system generated IDV. It is valid only for policies bought online.

Absence of Add-on Covers

Don’t get the cheapest car insurance if it does not have essential add-on covers. Consider a scenario where your new car, insured with a basic policy, meets with an accident and you are stranded in a lonely stretch of road. At that point, would you not want the benefit of fuel assistance, taxi and accommodation benefits? Cheapest car insurance should contain value-added features such as depreciation cover, coverage of electrical and non-electrical accessories, NCB retention, road side assistance and engine cover may add to your premium amount but in times of need you may be thankful that you opted for these covers. Cheap car insurance with basic coverage will not provide such useful add-on covers.

The Downside of High Deductible

Cheap car insurance also refers to enhancing your deductibles. Increasing your deductible can reduce your premiums. But should you really set your deductible that high? What would happen when you meet an accident and want to actually use the policy? If the repair costs are extensive then high deductible would mean you would have to pay a significant amount of money from your own pocket. It is always important to understand the pros and cons of high deductible while taking the motor insurance policy.

Check the Claim Process and Customer Service

When referring to cheap car insurance, be careful of poor customer service. Even if you have to pay higher premium, you need to ensure that the car insurance provider provides good customer service. This is helpful when you need to enquire about any doubts about the policy or when you want to file a claim during stressful times. Also while searching for cheap car insurance, ensure that your insurance provider provides 24*7 telephonic service for claims support and other assistance, even on holidays. The claim settlement process should be simple and hassle free. Before choosing the car insurance, check their claim settlement process and their reviews. You can also talk it over from someone who has a policy with the same company. Car insurance is a serious investment for your car so compare policies properly and don't just fall for the lure of cheap car insurance.

Get Answers to Common General Insurance FAQs

General insurance is something which provides protections to your valuable assets like vehicles and home and also takes care of your health related expenses. It also helps you to travel stress free. It is logical that protecting your assets and covering your expenses becomes crucial given the huge amount of money you involved in the same

This article is about general insurance and its types. Also you will learn some essential factors related to purchasing general insurance.

General Insurance- Meaning

General insurance is something which provides protections to your vehicles, home and covers your health and travel related contingencies. On the contrary, life insurance provides insurance against one’s life. After the demise of the policyholder within the policy period, the dependents receive the sum assured amount. Life Insurance falls under the non-general category.

Further you can see the common types of general insurance available in India:

                                Vehicle insurance

As per the law, it’s necessary for all vehicle owners to get a vehicle or motor insurance. In the absence of the same, the person is deemed as driving illegally and is therefore restrained from driving.

It’s like a long-term insurance covering the various damage costs which might occur due to unforeseen events or accidents. It’s something which helps sustain your vehicle’s luster without giving a huge blow to your pockets!

In simple terms, it’s a cover which compensates for the damage costs which might happen to your vehicle due to any kind of accidents or unfortunate event.

Health insurance

It covers various health emergencies and related medical costs. Whether the policy covers existing illnesses and what diseases it will cover and how much sum assured value will vary as per the health plan. Hence, read the policy documents carefully before investing. Carefully examine that all your requirements are covered and confirm the same personally with the concerned insurance company personnel.

Home insurance

Get introduced to another common general insurance type which is home. Most of the people rely on these policies which enable them to buy their dream homes. This becomes possible due to easy premium schemes to be paid in installments unlike lump sum amounts. As home is the most important asset of every person, this becomes a must-have product.

 How general insurance secures one against 3rd-party liabilities?

General insurance policies do secure a person against huge third-party liabilities. For example, a person ‘A’ possesses car insurance which is a type of general insurance. A collides with another car. Therefore, the third part member (owner of the other car) claimed compensation which seemed to be a really big amount. However, thanks to A’s comprehensive car insurance which saved him from huge third-party liability. The insurer compensated for the damages with the help of 3^rd-party liability cover.

How safe it is getting general insurance online?

It’s totally safe getting general insurance online provided you buy it from a reputed insurance company. Apart from that, it is the quickest & one of the easiest ways to get the best plan. This is possible due to the ease it provides in comparing various insurers online and selecting the best one.