5 Steps to get a Better Car Insurance Deal

Generally, two in five of car insurance policyholders think about changing a policy or an insurance service provider when policy renewal time arrives. You can easily save some handsome amount of money only if you compare online motor insurance quotes. Below are few simple steps to get a better deal on vehicle insurance online:

Car Insurance

Look for the Best Cover, Not for the Low Cost

While comparing online quotes, people should be clear in mind that you are searching for the best plan and not just looking for the least expensive policy. Online comparison is the best way to get the best rate for the right plan that meets your needs. It shows which insurance products include extras. But, opt for the policy that gives high level of protection which you actually require.

Never Increase the Excess

Growing your excess may make a car insurance policy affordable, but it can be risky. Hence, do not increase the excess to an amount insured would struggle to pay in the future.

Check Around Other Insurance Companies in India

As not all insurance companies in India list their names on quotes comparison websites, so customers won’t be able to compare their products in single go. It can be worth getting a car insurance quote from their website directly.

Add Someone to the Plan

Including an additional driver especially a more experienced one to your vehicle insurance policy can surely bring the coverage cost down. But, do not mention him as the main driving person in a plan.

Stay Away From Assumptions, Be Sure!

When a person is comparing online car insurance quotes offered by different insurance companies in India, he or she will definitely make some assumptions. But, it’s totally depending on you to make sure these assumptions are right. Carefully read the policy document so that you’re very much clear on what assumptions have been made.

Source from: http://blog.policyboss.com/car-insurance/5-steps-get-better-car-insurance-deal/

Hidden facts about Vechicle Insurance you must know

Worried about your beloved car security? Why to wait? Go for car insurance. But wait, do you know the hidden secrets behind these vehicle insurance policies? Let’s peep through those hidden facts, you are unaware of yet influence your policy and its coverage hugely.

1)     Your occupation plays a vital role while taking the vehicle insurance policy:

Depending on your profession you will be assigned discount on your car insurance. Elaborating this, teachers, doctors, engineers are considered to be less probable to bang their vehicle at the trunk of the tree.

2)     Profile of your car also stands as the biggest factor:

Based on the cost of the vehicle, safety and theft data, your insurance cost will vary. Insurance rates will be lower for low profile vehicles or the ones which are less likely to be stolen. However the “Insurance Institute for Highway Safety” has data that you can research to help you make an educated decision.

3)     Stolen personal assets or items due to car theft are not or less likely to be covered under car insurance policy:

If you are regularly carrying laptop, i-pods, expensive gadgets or other expensive belongings in your car or having habit of keeping it into your vehicle as per your convenience, make sure that your motor insurance policy does cover these belongings and assets as well. It has been strongly observed that most of the car insurance policies don’t cover these items, giving justification as your home insurance covers the same.

4)     Vehicle information should be precisely listed on your auto insurance policy:

Inaccurate or inadequate information can make huge difference to your   vehicle insurance policy. It is commonly seen blunder insured does.

5)     Group insurance policies provided by employers are economic:

Check with your employer if they provide any group insurance policies as these policies are cheap or economic. Affiliation of these organizations or corporates with insurance companies sinks the extra costs on your car insurance policies.

6)     Abstainer discount:

If you are non-alcoholic or having anti-theft device in your vehicle, you can surely ask for the discount. However, taking vehicle and home policies or multi-policies from the same company, it will drop the cost of your discount.

7)     Insurance risk score gets affected by your credit score:

If you pay your bills on time and you’ve had the same credit accounts for a long time, then you’re generally more steady and firm. It makes huge difference to your policy. Insurance companies keep a rigid record of all these information to come up with an “Insurance risk score”.

8)     Mistaken belief: Colour of the vehicle affects the insurance cost:

Undoubtedly, colour of your car indicates your personality and driving habits but considering a myth, 25% vehicle owners have mistaken belief that your vehicle colour affects your motor insurance cost. It has really no effect on your car insurance policy.

9)     Stopping the payment has dark impact in the long run:

Switching over to new or another vehicle insurance policy and curbing the payment of the previous one can harm your credit score negatively. In such cases, previous insurer will cancel your policy due to non-payment. Hence, once should always cancel the previous policy to switch over to a new one.

10) Brand loyalty does not get paid off:

Internet is flooded with websites full of calculating and comparing difference between insurance companies. Having misconception that choosing a “Brand” as an insurer and paying the premium and everything else gets taken care off, you will reap nothing out of this. You are not getting paid off for your brand loyalty here. There’s huge difference between, plans, quotes, premium, benefits and coverage of different insurance companies. One should study and analyze these things and then go for the best one rather than sticking to one brand pointlessly.

One must understand that choosing car insurance is not a rocket science but selecting the best insurer for their beloved car is a great deal. There are many elements affecting your vehicle insurance and its cost such like, you driving habits, age, marital status, your regular driving purpose and mileage of the car, your alcoholism, the geographical area you are living in etc. one must take all these things into consideration while choosing a motor insurance.

Source from : http://blog.policyboss.com/car-insurance/hidden-facts-car-insurance-must-know/

Why online buying is better for car insurance?

Car Insurance in India is governed by the India Motor Tariff, so the coverage for your vehicle will be based on standard parameters across all insurance company providers. Moreover, Car Insurance is mandatory and needs to be renewed every year.

According to the India Motor Tariff law, the minimum car insurance which is mandatory for customers is third party insurance. Besides, you can always buy a comprehensive car policy for your car that keeps it secure against damage caused by natural and man-made calamities, including acts of terrorism. A comprehensive car policy helps you avail of own damage, personal accident and liability cover all in one policy.

Vehicle insurance should not be bought with the motive of just buying insurance for your vehicle rather it should be bought with the aim to protect you from any financial setback which may arise due to an accident. Hence, one should opt for comprehensive car policy covering own damages as well as third party damages. Therefore, government also emphasizes on buying insurance for your own good.

Buying an appropriate insurance policy is often a complex task because of the non-understanding of various pros and cons, jargons etc. in the policies. We do research using several comparison tools but still sometimes end up buying the wrong policy without understanding its coverage and various clauses. While there are several ways to buy an insurance policy such as you approach an insurance agent, you visit the insurance company one good option is purchasing car insurance online. 

The online medium is far too convenient and simpler as you can buy insurance sitting at your home. All you need is a computer and an internet connection. When you visit these insurance companies, you are presented with various comparison tools. They provide you different kinds of calculators to compare policies offered by different insurance providers. To be able to compare polices offered by different insurance providers, it is very important to know the particular premium for each policy. The insurance premium is the main differentiator when it comes to compare vehicle insurance India. You can also compare on features, benefits, discounts, payment modes etc. on car insurance online.  

While buying car insurance online there is a vehicle insurance premium calculator which helps you determine the premium of the insurance policy for your vehicle. This calculator helps you understand details and clauses that are a part of automotive insurance policies. It is important you understand them very well as they affect the premium of the insurance policy. Every customer is not same as they have their own specific requirements and vehicle insurance premium calculator helps them to evaluate policies as per their requirements. The more benefits you get the better you can compose your car insurance policy.

Premium calculators also help you to understand the structure of your insurance policy. Every vehicle insurance comprise of three different parts which are third party insurance cover, own vehicle damages as well as personal accident cover. Third party insurance cover is mandatory as per the law but there may be existence of personal accident cover as it is not compulsory. So, online vehicle insurance provides you these tools to understand insurance coverage as well.

While calculating car insurance online the premium calculator will ask for following things:

•Date of registration: Most of the calculators ask the date of registration of your car

•Car details: It includes type of model along with manufacturer’s name and total cost incurred by you

•It also prompts for the additional coverage required by you like personal accident cover for you and your family.

 

Source: http://nishantmehta333.livejournal.com/5840.html

How to Compare Car Insurance Quotes

Getting quotes from auto insurance providers is easy. You can pick up the phone and talk to an agent, or you can get your quote right on the insurer's website. These days, you can get an accurate idea of how much car insurance will cost you just by punching in a few figures on your computer. But once you've got a handful of quotes in front of you, how do you determine which policy will suit you best? Here are a few tips to help you effectively compare car insurance quotes.

Couple compares insurance rates

Understand that cost isn't everything.

When you first start comparing auto insurance quotes, it may be tempting to base your decision on the "bottom line:" Which policy will cost me the least amount of money out of pocket? Some people don't want to spend too much time shopping for car insurance—and for this reason, price is often the sole determining factor. But, price is not the only thing to consider when you're trying to get the most coverage for your money. If you're really interested in figuring out which auto insurance provider will offer you the best bang for your buck, you have to look beyond dollar signs and pick through the fine details that separate one from the other.

Get all of your information in order.

When you compare car insurance quotes with an eye toward buying auto insurance, you don't want ballpark figures. You want to know exact dollar amounts and precise coverage limits. In order to ensure there's accuracy in the quotes you receive, be ready to provide information like the make and model of your car, as well as all of its safety features. Since you'll also be asked about your driving record, it's important not to omit anything that could change your quote. Likewise, be ready to provide all information about any past accidents you've been involved in and how much money in claims your insurer paid out as a result. Past claims can have an impact on your quote amount.

Leave no stone unturned.

Comparing car insurance quotes isn't always like comparing apples to apples. Sometimes, it can be more like comparing apples to oranges... or apples to baseballs. The fact is, not all car insurance policies are the same, and there are numerous car insurance coverage options to choose from. Failing to conduct a thorough comparison could put you at risk of missing something critical. To prevent overlooking important details, make sure that each quote takes into account the same level of coverage for bodily injury, property damage liability, collision coverage, uninsured motorist coverage and personal injury protection, and then look at the other factors involved in your decision. Never assume that the coverage involved in all quotes will be identical. If you make this assumption, you could find yourself choosing a policy that's missing something vital—like adequate collision coverage or bodily injury coverage.

Take a look at your existing policy for reference.

Not everyone shopping for car insurance has an existing policy. But if you do, prefacing your quote car insurance comparison by reviewing your existing auto insurance policy is a great place to start. Are there some levels of coverage you could stand to lower, or do you need more coverage? Is your personal injury protection coverage too low? Use your current auto insurance policy as a measuring stick to determine if you're getting the best coverage for the best price.

Opinions matter.

Getting the opinion of friends, family members and neighbors who have had experiences with different car insurance providers is a good way of narrowing down your choices. When it comes right down to it, there are some insurance companies that are better than others at delivering high-caliber customer service and a speedy claims process. Since these factors can't be compared on paper, it makes sense to dig a little deeper into the "real world" reputation of an insurance company by talking with people who have had first-hand experience. If you're not satisfied with what you've learned by talking directly with those you know, take your search online. You can learn a lot by reading customer comments on discussion forums and social media websites.

Research the insurance company's financial standing.

Just because a worst-case scenario is unlikely to occur doesn't mean it's impossible. Think about what could happen if you insure your vehicle with a provider that's in the process of steep economic decline. It could cause pending claims to be held up indefinitely, or you might even lose coverage if the insurance company in question goes under. Before you pick an insurer, check out the company's credit rating on A.M. Best. It's free, it's easy, and it's the smart thing to do.

Source from : https://www.allstate.com/tools-and-resources/car-insurance/how-to-compare-car-insurance-quotes.aspx

From where to buy car insurance online

From where to buy car insurance online from NishantMehta15

Cheap Car Insurance - How to get discounts on your car insurance?

Cheap Car Insurance - How to get discounts on your car insurance? from NishantMehta15

How to Switch Your Car Insurance Smartly

Paying premiums for motor insurance to the same insurance company in India for a very long time can be a big mistake. Switching insurer after few years is generally suggested by many industry professionals. By switching insurers, policyholders can save some handsome amount of money. But, insured should know that not every switch results to be productive. Following steps help you in making an informed switch:

·         Compare Online and Shop Around

Some motor insurance companies in India offer coverage for around six months and some insurers give coverage for a year before their respective renewal. Therefore, online comparison with prospective insurers is very necessary. Customers can also get free online car insurance quotes to make a better decision. Compare products in terms of respective coverage, limits, deductibles and benefits. Online comparison is essential to know how various policies are going to affect them all along the term period.

·         Review the Coverage Need

Marriage, becoming a parent or relocation is some of the scenarios that impact the coverage requirements. But, there are various plans that offer different deductibles, limits and features. So, select a plan to avail the best cover which you can easily afford. Mapping your requirements and thorough research are two important steps involve in the process of buying online motor insurance.

·         Contact Your Existing Insurance Company in India

All insurance companies in India want to continue the business with their clients and will be willing to compete really hard. Hence, some insurers instantly give special deals to customers if insured hint strongly at leaving. Therefore, ensure that you are not missing anything.

·         Be Careful While Selecting the New Insurer

Check the performance, financial strength and experience of the insurer you select through websites. Ask your relatives and friends about the same. Do not forget to check online reviews.

·         Check Extra Benefits and Convenience

24*7 customer service is a main factor because you never know when you might seek help. Some insurers offer online services to manage the car insurance plan, track repairs and claims. For customers’ convenience, you can check the payment modes of each insurance company in India.

Complete the switch and cancel your previous car insurance plan

When you finish the ground work, make the switch. Make sure that your new vehicle insurance coverage starts before or on the same day when your previous plan ends. Rather than cancelling the previous plan, some policyholders just stop the payment of previous plan’s premiums. But, it is not the right way to exist a plan. Contact your existing insurer and inform that you are closing the policy, and then confirm the same in written.

·         Get Your Identity Card

When you get your new identity card, the policy becomes active.

Source : https://onlinecarinsuranceindia.wordpress.com/2015/08/18/how-to-switch-your-car-insurance-smartly/

Think before Selecting Online Car Insurance Policy

Getting online Car Insurance quotes is easier than calling an agent or visiting insurer’s local office. In fact, buying a policy online gives clear information about a product which you can’t receive when you talk with an actual agent. Online research helps you to understand coverage and ensures that you’re not paying more for it.

·         Make sure you have the sufficient amount of coverage

Generally, it has been observed that vehicle insurance should not cover costs which policyholder can easily afford. It helps customers to find out your deductible. Based on your financial strength, decide your liability limit.

·         Know all the benefits of a policy

Understand your needs and then compare it with your online car insurance plan. At the time of renewal, do not forget to ask whether insurer offers any other benefits or not.

·         Who needs to be insured?

Usually, vehicle insurance companies in India prefer each family member to be covered under the same policy.  It is more affordable than buying a single policy for everyone.

·         It is possible to avoid any coverage

Check with your insurance service provider that coverage included under a plan is essential or not and how much it costs you. But, it doesn’t mean that you can avoid necessary coverage just to save some money on car insurance premium.

·         Check Payment Options

According to insurance experts, it’s always less expensive to pay annual insurance premium in one lump sum. But, make sure that annual payments won’t stress your financial budget. Check with your insurance service provider that whether you can pay monthly, quarterly, half-yearly and yearly.

Source: https://onlinecarinsuranceindia.wordpress.com/2015/08/14/think-before-selecting-online-car-insurance-policy/

Car Insurance Comparison Myths Everyone Should Know About

Understanding the jargons of insurance policy is no joke. There are a number of cars insurance myths that your insurer might make you believe while determining your premium rates. Here, we have listed few auto insurance myths that you should know:

·         The Matter of Your Car Colour: Red might be the new black in automotive world, but it is no reason to drive premium rates up. Car insurers should be and are keener in acknowledging the brand, model, manufacturing year, body style, and engine configuration. What counts most, the driver’s behaviour? Violation of traffic rules is one of the significant points that might affect your new car’s insurance premium rates. You might think a lot about your car’s colour, but insurance companies have no interest in that.

·         Old Car’s Never Get Stolen: Ever heard the term “old is gold” and this applies more severely in case of well-maintained cars with sound engines. Nobody would care for car’s age when its spare parts are sold in black market. So, all those people sitting assured about their used cars get alert and insure your vehicle now.

·         My Car Insurance Company Will Cover in All Cases: Collision and comprehensive coverage are optional with auto insurance policies; however, each coverage comes with its own set of conditions. It is one of the biggest car insurance myths that companies will cover any and everything that happens to your car with or without reason. If your windshield gets smashed by tree’s branch or some freak scratches your car with pointed objects or breaks your glasses at night, your car insurance might not come to rescue.

·         Credit Scores Have No Affect Over Insurance Rates: Another common car insurance comparison myth that needs to be debunked. Many insurers consider applicant’s credit history as top priority for offering insurance. Your credit score is the biggest indication of how well you are in managing your finances. There are companies that consider this point even for changing or renewing insurance policies.

·         Insurance Company Has Power To Nullify Policy Anytime: Unless your insurance company has more than enough reasons for doing this, they have no arbitrary power to do so; Cancellation grounds may include non-payment of premium, fraud, too many incidents, deliberate accidents for getting cover, etc.

·         If Someone Else Borrowed My Car, He/She will Be Responsible For Accidents: One of the biggest auto insurance myths that need to be debunked. No, whenever your car meets accident, you will be accountable for the incident irrespective of who is driving the car.

Source: https://onlinecarinsuranceindia.wordpress.com/2015/08/11/car-insurance-comparison-myths-everyone-should-know-about/

How to compare car insurance quotes to get good deal?

Many people who are relatively inexperienced with car insurance should always get some expert reviews on comparing insurance policies to choose the best coverage at the affordable rates. If you understand the system properly you can get big savings by comparing quotes before applying for a policy. Getting car insurance is not like getting some other simpler kinds of goods or services. At times, choosing the best policies and insurance companies would be complex and difficult task. A variety of important steps has to be taken care off to compare car insurance helping buyers who really need to know which options are best for their car needs. The articles will take you through few tips to get an efficient car insurance comparison suitable for your car needs.

Cheapest cover is not the best cover

Some people are full of assumptions. Firstly, since car insurance is mandatory in India people buy it without any keen interest. Secondly, the major assumption is cheapest is the best cover. However, there’s one important thing to be clear about, when you compare car insurance quotes you’re not trying to get the cheapest policy. You’re trying to get the best price for the right policy for you.

Most car insurance comparison tools will have an easy way of showing which policies include extras such as benefit riders, legal protection, key replacement materials and additional facilities or flexible payment options. When you’re comparing policies, make sure you look at the insurers offering the protection you actually need.

Don’t go for excess

While increasing excess things may make a policy cheaper, it can be risky. Never increase the excess to an amount you would struggle to pay because you will need to pay out before insurer pays it to you.

Check Pricing

Not all insurers’ providers list themselves on price comparison websites, so you won’t be able to compare them in one go in terms of monetary benefits. Therefore, it is advisable to get a quote directly from their websites, as they may be willing to offer you a better deal.

Add someone to the policy

It may seem unlikely, but adding an additional driver to your policy – especially if they are an older and more experienced motorist can bring the cost of cover right down. Don’t make them the main driver if you wish to, but add them as a named driver and see if you’re offered cheaper cover.

Don’t let assumptions hinder minds…

When you compare car insurance an insurer will make certain assumptions and it’s up to you to make sure these are correct. Typically, for car insurance these include that you have never had a conviction and that your car has no modifications. Always read small print on the policy documents, terms and conditions properly so that you’re clear on what assumptions have been made, and ring your insurer to discuss if there’s an issue.

Discounts & Waivers

Look for the discounts wherever available on car insurance as it will help you decrease your premium rates. Most general companies have tied up with various credit/debit companies and offer valuable discount if you shop online with these particular cards. So look for these facts while comparing insurance policies. Most insurers offer safe driver discounts that will help you get down rates for your clear records of car mishaps for a least a year or longer.

Customer Service

Talk to customer service agents and get a complete idea on the services company would be offering to their clients, before you buy a policy. Always understand the approach of customer service agent on the phone which will help a prospective car insurance customer to know how they would be dealing with a company once they become policy holder. This will be one of the major aspects of communication to keep in mind when you compare care insurance. Healthier is the communication the better it is to reap the benefits.

Source: https://onlinecarinsuranceindia.wordpress.com/2015/08/10/how-to-compare-car-insurance-quotes-to-get-good-deal/