Recently, I purchased the car insurance policy from policybazaar. I am here to share the experience for the same. I took car insurance policy from them and the benefits which they gave were totally fine. Even the website explained me well about the policy terms and conditions. Everything was transparent. One can easily check and compare the different policies and choose the best one. I would love to recommend this policy to all.
July 09, 2013 - According to the National Automobile Dealers Association, used car prices remain relatively high, but the good news is prices may be coming down. In its latest guide on the used car industry, the monthly average price of used cars up to eight years in age dropped 2.1 percent in May, which is its largest monthly drop since October...
The Third Party Liability is also called as Liability Only or Act Only, and is mandatory by law for all vehicles plying the roads in India. The Liability Only covers the legal liability of the third party against damages to the property or any injury/death caused by your car. The policy type does not cover you or your vehicle. Hence, it is apt to go for the Comprehensive Insurance policy which will cover the ‘Liability’ and ‘Own Damage’.

After our analysis of 2,700 cities and 128 companies, we found that Erie was the most affordable major insurer in the country with an average yearly rate of $1,052 based on our sample driver - about 31% cheaper than the national average across every insurer. The very largest of the five is GEICO, the second largest auto insurer in the U.S. by market share.
While it may be tempting to choose the cheapest, most bare-bones policy, there is certain coverage that’s not worth cutting, no matter the savings. We consulted the experts — a mix of insurance agents and accident attorneys — to find six basic coverage types that every auto policy should have. As you look for an affordable policy, keeps these necessities in mind:
The certificate of insurance is a document which provides information on the specific insurance coverage issued by the insurance company as per the Rule 141 of Central Motor Vehicles Rules 1989, and only in Form 51. The document offers information on the effective policy date, type of the insurance coverage. This document should always be carried in the vehicle.
Yes, there are multiple insurance providers that help you renew your policy online. This is possible starting 60 days before the expiry of your existing policy. In case your vehicle insurance policy has already expired, an authorised surveyor will inspect the vehicle before reissuing the policy. The policy would only be issued subject to a satisfactory inspection and submission of required documents.

Yes, it does. The location at where you reside can affect the premium. If your locality is prone to robberies, theft, burglary then the motor insurance premium will be higher than the localities where the instances of theft are less. The metro cities in India usually have higher premium than non-metro cities, you will find that cities are usually divided into zones for insurance purposes normally it is metro cities and the rest of India.

July 09, 2013 - According to the National Automobile Dealers Association, used car prices remain relatively high, but the good news is prices may be coming down. In its latest guide on the used car industry, the monthly average price of used cars up to eight years in age dropped 2.1 percent in May, which is its largest monthly drop since October...
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