If you want a car insurance policy that offers you financial protection from third-party liabilities as well as provides you compensation for damage to your own car due to an accident, then you must consider buying a comprehensive car insurance plan.
When you select car insurance online for comprehensive coverage, you have to look for certain features and factors. The guide below discusses the aspects of buying a suitable comprehensive car insurance policy.
Table of Contents
How to Get Comprehensive Car Insurance – Things to Consider
Understand What You Require
While you may not be a professional at risk assessment, you simply have to put your observation skills into practice and understand the basic risks. For example, is car theft common in your area? Does water inundation occur every time it rains in your locality? Is your daily travel route an accident-prone zone?
Learning the answers to these will help you better understand what features you are looking for in your comprehensive car insurance policy.
Understand the Coverage Range
You have the option of buying car insurance just to fulfil legal requirements or purchasing a car policy that can save you money in times of accidents and mishaps, along with complying with the law. In most cases, the second option works better. Opting for a comprehensive car plan not only makes you adhere to the law but also ensures financial coverage for all that is included in your policy.
Online Policy Purchase Option
When you buy comprehensive car insurance online, reputed insurers offer you a discount on the online purchase of this policy. Additionally, you have the convenience of comparing and buying a car policy without leaving your house when you opt for the online method.
Look for Cashless Repair Facility
The term ‘cashless’, when used in insurance, means that your insurer will make the payment to settle the claim on your behalf. For example, if your car damage repair bill came up to ₹15,000, your insurer would pay the amount directly to the garage because of their tie-up, which enables cashless repair service or cashless claim settlement.
Know What Add-ons are Being Offered
Be practical at the time of choosing your add-ons and select on the basis of your needs. Each add-on comes with its own price that differs from one insurer to another, which is why you need to be wise while selecting add-ons. Carefully evaluate which add-ons offer the most value for your situation, ensuring that you are not overpaying for coverage you might not need.
Check For Discounts
While discounts are not available for a third-party policy (because the IRDAI decides a standardised rate for this policy), you can avail yourself of discounts when you opt for a comprehensive car plan. Discounts for installing anti-theft devices, becoming members of automobile associations, etc., can be availed when you select a comprehensive car insurance policy, so check with your insurer.
Conclusion
When selecting a comprehensive car insurance plan, you have to consider the insurance provider, compare online quotes, and check how the insurers settle claims by reading reviews of their customers. Don’t forget to inquire about any discounts or special offers that could further reduce your premium while maintaining the coverage you require.
With all these guidelines, you will be able to get the right comprehensive car plan to protect your vehicle.
