Knowledge Centre

Car Insurance Comparison

Car insurance is the surest way to safeguard your prized possession. It is a necessary and therefore government has made it mandatory for all car owners to insure their cars before plying on the road. Due to these reasons, obligation and compulsion, one has to insure their motors, no matter what. But, selecting a good car insurance policy can be a challenge as there are multiple options to choose from. Therefore, one needs to have a guide that will enable them to compare car insurance online in India.

For the ordinary being, this will seem like a cake walk. But when you delve deeper in to the matrix this is seldom the case. So, what is the most effective way of comparing car insurance in India? Is it cost comparison? Quote comparison? Benefit comparison? Or an exclusion and limitation comparison?

For a novice, any one of the comparison would suffice to the requirement of comparing among various car insurance policies. But, if you ask an expert about the same, the answer would be a combination of all the above comparisons. No aspect of an insurance policy should be given more than its due weightage while comparing between them.

This implies that, while comparing car insurance quotes one must take in to consideration the premium amount that will be required to maintain a policy versus the benefits the policy has to offer with minimum limitations and exclusions. In simpler terms, an affordable, all-encompassing and comprehensive car insurance policy is what one should aim for. This may seem too idealistic and unrealistic due to the fact that most policies are pre-determined with less provision for customization. Therefore, it is necessary to compare car insurance prices in such a manner so as to strike a balance between cost, coverage and exclusions.

Another important aspect that must be considered while comparing car insurance quotes of various companies is the reputation of the insurer and its claim settlement track record. This will make sure that you do not end up buying car insurance policy from a provider whose integrity is doubtful.

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