CAR INSURANCE OVERVIEW
Car Insurance, alternatively known as motor insurance or auto insurance is a specific policy that you buy for the protection of your vehicle against any sort of damages due to inescapable or unfortunate accident. Since India is a country mainly known for its vast population, car accidents have become a daily drama here. No matter how safely you drive your car or how responsibly you manage your vehicle, accidents can happen just as fast as we blink isn’t it? Imagine this: you parked your car outside a shopping mall and when you come back from shopping after a couple hours, with a bolt from the blue you discover a big dent on the back of your car. How do you deal with such situation? Well, fortunately, that’s when your online car insurance policy comes into its role play.
Why Car Insurance Is Important in India?
Car insurance policies can literally serve you more than you can ever think. The importance of car insurance in India is directly linked to the law imposed by the Government of India. As per Motor Vehicles Act, 1988, it’s mandatory for all motorists to possess at least the third motor insurance. Having car insurance in India is important as it covers all the costs incurred from such events of vehicle damage or injuries done to other driver, pedestrians or passenger involving your vehicle. Online car insurance policies also play a vital role by providing coverage against various loss or damage to your vehicle resulting from Theft, Accident, Fire or Explosion, Lightening, Self Ignition, Strikes, Riots, Disaster, Act of Terrorism, Transit by Rail, Road, Air and so on depending on the type online car insurance plan you choose. To enjoy the benefits of an auto insurance coverage in India one needs to pay for the premium on their car insurance policy.
Different Types of Car Insurance Plans
In general, you will be offered two types motor insurance covers by a car insurance company within their car insurance plans. The Two types of motor insurance plans are Third Party Liability Car Insurance Coverage and Comprehensive Car Insurance Coverage.
Third Party Liability Car Insurance
The first party who is the owner of a four wheeler buys a motor insurance policy from the second party that is the car insurance company for the protection against the claims of a third party that can be a driver of another vehicle, passengers or even pedestrians. Third Party car insurance policy is specifically designed to cover any property damages or bodily injuries to a third party caused by your vehicle. It’s obligatory to have third party car insurance for all motor vehicles piling on road in India.
Comprehensive Car Insurance
Comprehensive car insurance is an optional car insurance policy that comes with higher level of protection for your vehicle. The best advantage of buying comprehensive car insurance in India is that it protects your own vehicle against various damages arising from accident, fire, vandalism or even theft plus it also takes care of the third party liability claims. Some extra features and benefits are offered with comprehensive car insurance plan by the best car insurance company in India. Given that the comprehensive auto insurance policy covers both third party damages and own damages, it’s the best car insurance plan for your four wheeler. At GIBL.IN, simply fill a form, compare and get the best comprehensive car insurance plan for your vehicle.
Add On Covers for Four Wheeler Insurance
Like the name suggests, add on covers for motor insurance stand for additional coverage that are not included with a comprehensive auto insurance plan. To purchase add on cover for your vehicle, you’ll have to make some extra payment along with your car insurance premium. Best car insurance companies in India offer auto insurance policy buyers with a broad range of effective add on covers and attractive discounts. Car insurance company offers various add on covers from which you can pick as per your requirements for your four wheeler insurance. You can choose one or multiple add on covers for your auto insurance. Including add on covers in your motor insurance policy is subject to your car insurance premium. Some of the best add on covers for car insurance policies are following.
The car insurance company will calculate depreciation on certain parts of your vehicle at the time of claim settlement. This procedure leads to getting less claim amount. However, purchasing Zero Depreciation or Nil Depreciation cover for your auto insurance policy entitles you to get the full amount on your claim.
Car engine is not covered by an auto insurance policy in general. Engine Protect cover pays for any engine-related repairs or damages that are not related to accidents. This add on cover is mainly suggested for the owners with high end cars. Engine protector can be purchased in a policy for the cars up to three years of age.
This is a very crucial add on to consider for your motor insurance policy. Car insurance company provides round-the-clock services like towing, refueling, change of flat tyre, arranging for a mechanic in case of vehicle breakdown under Roadside Assistance cover.
No Claim Bonus (NCB) Protection
No Claim Bonus is an additional discount on premium offered by car insurance companies to their policyholders for not filing any claim during a policy term. This discount is applicable on your auto insurance premium. This add on cover can help you save money on your car insurance premium by up to 50% on the basis of claim free years on your policy.
Compare Car Insurance Policy Online
There’s no denying the fact that the best deal for car insurance policies can be found online without hassle. You can even avail the lowest priced car insurance policy effortlessly if you compare car insurance policy online. Car insurance comparison online in India can literally open up a new yet innovative direction in terms of finding the best car insurance plans. The answer to such questions like “How to find the best car insurance policy?” is directly or indirectly linked to the online comparison of various auto insurance policies. When you buy car insurance policy online, you can certainly be a gainer if you compare car insurance. You can compare the car insurance quotes offered by different insurers online easily. GIBL.IN lets you compare various car insurance policies offered by top car insurance companies in India and help you procure the best motor insurance plan.
Why to Compare Car Insurance Policy Online?
The answer is simple; you should not compromise while buying or renewing online car insurance policy. Not all auto insurance companies offer the same features for their car insurance plans. Only the best motor insurance company can offer you the best car Insurance quotes. That too can be found easily when you compare motor insurance policy online. You can specifically see for yourself all the features and benefits that are being offered by different auto insurance company and choose only those policies that match your requirements and budget when you compare car insurance online.
Get Only the Best Car Insurance Plans
Be assured of getting the best car insurance policy when you compare motor insurance policy online. Comparison of different motor insurance plans at GIBL.IN certainly enables you unearth the best deals while buying car insurance online in India.
Online Car Insurance Quote Comparison
While shopping around for online car insurance in India, most people only check with the car insurance companies they are familiar with. You may have known about these car insurance companies through your friends on via commercials on the TV. However, these auto insurance companies can certainly be popular but they may not be the best option for you when it comes about buying best online car insurance in India at lower rates. The more online car insurance quotes you get, the better your chances of finding the cheapest priced car insurance policy. By running an instant comparison of various online car insurance quotes, you can avail best car insurance policies.
Benefits of Car Insurance
Car insurance online certainly has a plethora of benefits to offer. The list of advantages for car insurance comprises of the following.
- Covers third party damages involving your vehicle.
- Compensates vehicle repairing costs due to damage from an accident.
- Coverage against damages caused from vandalism, theft, fire, etc
- Offers cashless payment system. You can repair your vehicle form the network garages of your insurer and avail cashless facility.
- Offers additional discounts on premium as in multi car or multi policy discounts, accident free discounts etc.
- No Claim Bonus which is offered by auto insurance providers to reduce the cost of premium for each claim free years maintained by policyholders.
Online Motor Insurance Renewal
Motor insurance renewal has the same amount of significance as buying car insurance online in India. Not only can you buy auto insurance online but you can renew can insurance online also. Do keep in mind to renew car insurance before it expires. Car insurance renewal can be done anytime online. You can effortlessly get car insurance quotes even at the time of online car insurance renewal. You can renew car insurance for an old car as well if you consider car insurance policy renewal online. Online car insurance policy renewal is time saving and convenient.
How to Renew Car Insurance Online?
The process of motor insurance renewal is easy, fast and convenient. To renew your auto insurance, all you have to do is log into an insurance broking portal. Thereafter enter the required details related to your vehicle and previous auto insurance policy. After that, you’ll receive free car insurance quotes on your four wheeler insurance renewal. Compare those quotes and choose the suitable coverage for your car insurance renewal online. It’s wise to look for some additional features or plans offered by other insurers and compare them when you go for motor insurance renewal online. In just a click of your mouse you can instantly perform your car insurance renewal process.
Car Insurance Exclusions
If you buy or renew vehicle insurance policy online, it doesn’t mean that car insurance company will cover every damages in all circumstances. Car insurance exclusion stands for a provision within an auto insurance policy that eliminates coverage for certain acts or damages and they include the following.
- Your motor insurance will not cover any damages if you get caught driving under the influence of alcohol or drugs.
- Any sort of accidental damages done to your vehicle while using it for illegal activities.
- Damages or losses incurred while driving without a valid license.
- Losses or damages done to your car due to war and nuclear risk.
- If you use your car for commercial purpose with the license of private car, your insurer will not compensate in case of damages.
- In case of consistent wear and tear, your auto insurance provider will not pay for regular mechanical expenses.
How to Buy Car Insurance Online?
The process of purchasing online car insurance policy is easier than you think. You can get online car insurance quotes in a matter of minutes on purchase of both new policies or renewal of old car insurance policies. You can purchase or renew auto insurance policies online directly from the website of any individual insurers or, you can also buy auto policies from an insurance broking portal, which is, judging from various aspects is the best way to buy or renew motor insurance policies in India. Because insurance broking portals present you a broad ground of choices to pick and select from and guide you thoroughly so you can avail the best car insurance plan when you buy or renew auto insurance policy online. You can compare motor insurance policy online and thereafter choose a plan as per your requirements.
So if you are having trouble finding the cheapest and best car insurance online plans, give us the pleasure to guide you to the right direction. Simply fill a form at GIBL.IN, get top car insurance quotes, compare them as per your needs and insure your vehicle instantly in a few minutes.