How to Reduce Car Insurance Cost?

06-11-2014 / admin / 0

Below is the Car insurance guide that helps you to find out the most cost-effective policy for your requirements.

Know the Basics

Third-party vehicle insurance protects insured against claims filed by other people following an accident, including policyholder’s liability for injury to others. Some policies provide coverage against fire, theft and third party but it is slightly expensive for the extra security.
A comprehensive motor insurance protects insured against the accidental damage to your own vehicle. Extra advantages can include coverage for medical expenses and personal possessions.

How insurance companies in India Decide Premium

Various factors are taken into consideration when insurers calculate client’s premium, including the likelihood of meeting with an accident, expected repairing costs and whether buyer is at risk of having his or her car stolen.
Insurers will consider these risks based on where customers live, occupation and age. Any no-claim bonus is also a part of coverage. Driving record and claim history of a buyer are other factors that plays vital role in deciding premiums.

Search the Best Deal

As there are various insurers in the Indian insurance market, so shop around and then select the preferred coverage level. Contact insurance brokers in India because they will definitely select the best deal for you.

Reduce Car Insurance Premium

If person limits the number of miles he or she travels per year, then premium will reduce because of the low mileage limit. Avoid additional coverage and increase vehicle security to enjoy lower premiums.
You can increase safety level of a vehicle by installing advanced security devices such as steering wheel locks, tracking systems and immobilizers to a car. Successfully completion of a driving course will enable motor insurance policyholders to pay less.

Avoid factors that can affect vehicle insurance premium

Search around for the best car insurance plan online well in advance of policy renewal. If you have any no-claim bonus, then continue it in the next year.



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For more details on risk factors, terms and conditions please read sales brochure carefully before purchasing the insurance policy/concluding a sale.

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