Buying a car insurance is a once in a year affair for most of us who are car owners. Whether new or used your car needs an insurance not just to fulfill a legal compliance but also to ensure that you have an insurance cover whenever there is a break-down or an unforeseen event. Insurance comes at cost but how much is the point and therefore you need to know the exact cost of the insurance policy, various the factors covered or excluded in your car insurance policy. Do not remain less informed about things that are not included in your insurance policy. Enlisted below are tips to buy a Car Insurance in India:

Note all is covered in your Insurance Policy and try and grab a little extra coverage: It is important that you get complete information on the insurance cover the insurance company is providing you. Apart from that you should try and also check various add-ons that provide you an additional coverage when you buy an insurance policy for your vehicle.

It is important that you get complete information on the insurance cover the insurance company is providing you. Apart from that you should try and also check various add-ons that provide you an additional coverage when you buy an insurance policy for your vehicle. Be in time to Renew your Insurance Policy: It is very important that you pay your insurance policy in time and avoid additional fee. To be in time you can set reminders; make a note in a place which would always be in front of your eye such as your work-station, fridge, study table, and not forgetting a telephone reminder.

It is very important that you pay your insurance policy in time and avoid additional fee. To be in time you can set reminders; make a note in a place which would always be in front of your eye such as your work-station, fridge, study table, and not forgetting a telephone reminder. Never lie or make False Declaration: Your car policy will become invalid at any point of time during your coverage period if the insurance company any frivolous declaration is made.

Your car policy will become invalid at any point of time during your coverage period if the insurance company any frivolous declaration is made. Look for Discount for Security Features: These days cars come with enhanced security features, such as anti-theft alarms, immobilizers and systems that stand as a road block when it comes to theft of your vehicle. Automative Research Association of India (ARAI) approves such gadgets that make your car safe. Having an accreditation from ARAI can fetch you a discount upto 2.5% on your premium. Such cars have lesser chances of being stolen and therefore can be insured with lower premium.

Here’s what determines your Car Premium

The city of Registration: The city where your car has been registered is a factor that will determine the insurance premium. The reason being there are higher chances of any damage or theft happening to the vehicle in a densely populated city than in a scarcely populated city thereby inviting higher premiums.

The city where your car has been registered is a factor that will determine the insurance premium. The reason being there are higher chances of any damage or theft happening to the vehicle in a densely populated city than in a scarcely populated city thereby inviting higher premiums. The Make and Model of the Car: There are certain make and models of the car that are designed well and equipped with gadgets that would cause a lower impact on both vehicle and human riding the vehicle, for such well-designed cars the premium would be lesser than car that lack such features and carry potential risk to both the occupant and the vehicle.

There are certain make and models of the car that are designed well and equipped with gadgets that would cause a lower impact on both vehicle and human riding the vehicle, for such well-designed cars the premium would be lesser than car that lack such features and carry potential risk to both the occupant and the vehicle. NIL Claim Bonus Percentage: Insurance premiums will always be lower if you have never made a claim before. No-Claim bonus therefore plays a major role when it comes to determining your insurance premium. So, do not utilize the claim for any tiny reason such as a dent or a scratch.

Insurance premiums will always be lower if you have never made a claim before. No-Claim bonus therefore plays a major role when it comes to determining your insurance premium. So, do not utilize the claim for any tiny reason such as a dent or a scratch. Checkout the type of Cover availed: You can also consider additional cushions for stuff such as CNG/LPG kits, road side assistance costs, key replacement costs, will are certain to increase your premium amount.

How to cut down the Car Insurance Cost

Renew in time

Having a fresh renewal costs more than a timely renewal. To be just in time or before time will help you avoid any increase in the premium cost.

Do not get pained with small repairs.

If you make small claims for stuff such as dents or scratches you will just end up paying more premium at the time of renewal of your insurance policy and thus will not be able to encash the privilege of no-claim bonus in the coming year.

Apply for Car Insurance Policy Online: Now that you know what are things to consider and look for while buying your car insurance policy you are just ready to apply for your car insurance online.

Benefits of applying for car insurance policy online