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Quick Guide : Car Insurance Comparison

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Published on April 17, 2019. EST READ TIME:3 MIN

Cars have become an inseparable part of travel for the youth and the adult alike. It is one of our most prized asset which needs to be protected. Driving on the road comes with its own share of risks. Having a valid car insurance is a legal requirement under the motor vehicles act 1988 and the recently enacted motor vehicle amendment act 2019.

With so many insurers offering car insurance plans, it becomes confusing for people to understand which one is the best for them and 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. But, if you ask an expert about the same they would say it is the combination of all the above. You can choose to avail any of the car insurance plans from third party insurance cover, comprehensive insurance plan and standalone car insurance plan.

Types of Car Insurance Plans: 
Third party car insurance is a mandatory requirement for all the motorists and is much cheaper than the other two, a standalone own damage car insurance offers coverage against natural calamities and man made events and a comprehensive car insurance plan offers advantages of both the third party and standalone insurance plan but it is more costlier than third party and standalone plans.

Considerations: 
Factors which can affect your choosing car insurance include claims settlement ratio, customer service center processes, Add-On's available, market reputation of the isurer.

While choosing any car insurance plan, you need to go through the benefits and features of the plan so that the chosen plan is able to fulfill all your needs of insurance for your car.

This blog has been written by Mr. Mukesh Kumar recommends "getting your two wheeler insured from HDFC ERGO, a brand serving more than 1 crore+ customers. With overnight repair services and more than 6,800+ network garages, you can be assured of help in event of any damage to your vehicle

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