Every year, more than 7k people suffer from car accident injuries.For this reason, Car insurance mandatory for all drivers because it cover vehicle, you and everyone else on the road.But choosing right car insurance is little bit difficult task in India.
Find 7 Tips below for choosing Best Car Insurance in India-
Claim settlement Ratio-Look Claim Settlement ratio annually how much unit Claim settled for the year.Ask for Claim ratio for this year how much they have settled for Car Insurance else you find it at IRDA site.
Discount- Do research while buying car insurance many company can give you more than 60% discount offline.So while buying Car Insurance Compare Quote with 4,5 companies then make a decision.If you are renewing your coverage, compare the renewal price with other competitors.
Cashless Facility- Look for Insurance company who offer Cashless Facility.
Deductible- Higher deductible lower the premium so choose policy with low deductible.
Road Side Assistance– Many insurance company will provide this cover with little enhance in Premium, Opt for this coverage.At time of accident its difficult to search for Good Service center or Towing facility so if you opt for RSA they will provide you road side assistance.
IDV- Insured Declared Value is the maximum Sum Assured fixed by the insurer which is provided on theft or total loss of vehicle. Look for Higher IDV it will cover total loss of Vehicle.
Zero depreciation also known as Nil depreciation or Bumper to Bumper car insurance is a car insurance policy that leaves out the depreciation factor from the coverage, thus giving you complete cover.
It means that if your car gets damaged following a collision, no depreciation is subtracted from the coverage of wearing out of any body parts of car excluding tyres and batteries.
Zero depreciation car insurance policy offers 100% coverage for all fibre, rubber and metal parts without deduction of depreciation