Auto insurance is an insurance policy that covers the policyholder’s car against the monetary losses that the policyholder may face due to an accident or the case of theft. The policyholder has to pay an assured amount for the premium to avail of these covers from the insurance company. But the hike in the car insurance policy, it is quite beyond the reach of common people. And the cheapest car insurance often does not cover every need of the policyholder. For this reason, today I have come with the complete guide to discover the best cheap car insurance policy in India.
The car insurance policy’s premium is set on the basis of the customer’s needs. So, to find and buy the best cheap car insurance you must study your requirements. Because the premium of your car insurance is subjected to your coverage requirement. In this article, I am going to give you some tips to find the best cheap car insurance policy that will fit meet your requirements completely.
Basic Things of Best Cheap Car Insurance:
There are some basic things that the cheapest car insurance in India must contain to give you coverage at the time of an emergency i.e. for the reason you are opting for buying car insurance in the first place.
So here comes the list of things that your best cheap car insurance must have:
Natural Calamities Cover
Even after driving your car with the highest safety your car may get damaged because of any natural calamity like earthquake, flood, storm, fire and so many other natural calamities. And in case of damage because of a natural calamity, the most important fact is that there is merely any precaution you can take rather than buying the best car insurance for your car.
Thus, it’s always better to buy a comprehensive auto insurance policy for your car to get the utmost safety. So, while buying your best cheap car insurance compare and check if they cover for all kinds of natural calamity damages or not.
Accidental Damages Cover
You may meet with an accident at any time, even after driving your car with the utmost care. So, your best cheap car insurance must cover the accidental damages too.
Theft and Wreckage Cover
With the growing crime rates in the present day, you need to be secure and safe from crimes like theft, robbery or other manmade damages. So, do not forget to check whether your best cheap car insurance cover for such damages or not.
Third Party Liability Cover:
According to the Indian Motors Vehicle Act, each car must have at least the third party insurance for car policy coverage. So, your best cheap car insurance has to cover this one. Now, you can also get car third party insurance online/third party car insurance online
Cover For Medical Bills To the survived
In the case of an accident, the cost incurred. An online vehicle insurance third party helps to bear the expenses for damages to the other driver’s vehicle as well as provide money for any loss of life or limb along with hospitalization and legal expenses.
As per the Insurance Regulatory and Development Authority (IRDA), it is compulsory for each car running on the Indian roads has to be protected under any active auto insurance policy.
Other Important Aspects To Check Before You Buy The Best Cheap Car Insurance:
Here are some other important aspects that you must check before you opt for buying the best cheap car insurance policy.
Suppose your new car that is insured under a basic insurance policy, encounters with an accident, thus you are stuck in an isolated road now. At this point in time, won’t you want the assistance of fuel benefit, accommodation benefits, and taxi?
To get such assistance you need the value-added aspects such as NCB retention, depreciation cover, and coverage of the electrical as well as non-electrical accessories, engine cover and road-side assistance, which may add to the premium sum.
However, in times these value-added features become the most needed aspect of the best cheap car insurance policy. The cheapest car insurance comes with only the basic coverage that often does not provide such valuable add-on covers. So check and compare before you buy the car insurance policy.
(You can also read: Two wheelers insurance)
Deductibility Of The Insurance Policy:
Increasing the deductible may help you in reducing the premiums of your best cheap car insurance plan. So, compare the car insurance companies to see which company provides the highest deductible from where you can cut the unnecessary features from your insurance policy to make it cheaper.
The trick to finding the best cheap car insurance policy is not discovering the inexpensive car insurance plan but to discover the low-priced car insurance policy that completely meets your requirements. Knowing exactly how much cover you require, will help you to buy the best cheap car insurance plan for your needs.