We all know that cars have become a need in today's times. One of the most convenient and favored ways to commute to work is driving the car you own. Most drivers are aware that buying car insurance is mandatory as per Indian law. They also know that driving carefully would lower the car insurance premium and driving carelessly would increase the insurance premium. Also, being a new driver would again raise the insurance premium.
Yes, there is an add-on cover for car accessories. Add-on cover for car accessories is an attractive benefit offered by a number of car insurance providers that gives additional coverage for your car accessories. On the payment of an additional premium, you can ensure that you are covered of the cost incurred on your car accessories that most car insurance policies do not cover. Hence, this is beneficial and a cost-effective advantage for car owners.
Personal injury protection (PIP) or medical payment are similar to bodily injury liability but instead cover the costs of injuries to yourself and any passengers in your vehicle. You certainly don’t want to be underinsured when it comes to your own medical attention — choosing PIP helps protect you from financial damages that might come as a result of physical ones.
Recently, I was surfing through a website of policybazaar, and to be honest one of the best website for them who wants to purchase the policy and are new into it. As we all know that policies and all little complicated things. But with the help of this website one can easily compare and the interface is unique. They have given s the information related to car policy and how to take, claims etc. Factors Related to policy etc. I think before purchasing the policy one should visit this website.
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Car insurance will prove a benefit if you ever experience a wreck, vehicle theft or other unpreventable problem on the road. The policy can help pay for such concerns as your own vehicle damage, injuries and related costs. Coverage can also pay for the damage you cause others if you are deemed at-fault in a wreck. With your policy, you can reduce your chances of significant financial losses after an unfortunate accident.
According to Motor Vehicle Act, it is mandatory that every motor vehicle plying on the road should be insured with ‘liability only cover’. It ensures that any damage done by your vehicle to another person’s property will be covered in a claim. By buying motor insurance, you can protect your vehicle from natural disasters or theft. When an insurance policy is giving you ample benefits and coverage, we don’t find any reason of not buying it.
A car insurance policy will be valid for a particular period. After this period, the insurance policy lapses. It is advisable to renew it in time so as to benefit from the No Claim Bonus (NCB). If policy lapses and you renew it within 90 days you may still benefit from the NCB. Post 90 days, you need to initiate the process by filling details all over again and getting your car inspected by the surveyor. Also, as the NCB is lost it would result to higher premiums.
Although law mandates insurance policy for 3rd party only but it is strongly advised to buy a comprehensive insurance policy that protects your vehicle from man-made or natural calamities. With comprehensive cover, you can claim from your insurer for accidents or damages caused to your vehicle. In the absence of comprehensive cover, you need to foot the entire bill on your own.
If you own a car, car insurance is a required expense in 48 of the 50 states. A lack of diligence when shopping for your car insurance could lead to a hefty monthly bill, as well as headaches if you actually need to file a claim. We researched and explored quotes from over 128 companies in 2,700 cities to determine which insurers had the lowest costs, nationally and in each state. Our team also evaluated which companies had the best track record for customer service and the claims process.

Depreciation in car insurance refers to loss of value due to wear and tear of the vehicle. The rate of depreciation is significant from the time you buy the car insurance policy. It is applicable to each car part except glass. The rate of depreciation is 50% for rubber, plastic parts, tyres and tubes, batteries and air bags; while a 30% for all fibre components.


According to a study done by InsuranceQuotes and Quadrant Information Services, drivers saw an increase average of 44% after they filed a claim (worth $2,000 or more) — meaning your premium could nearly double just for using your insurance. The study found that increases will range by state, depending on the local regulations that affect how insurers set a premium. In California, the average rate increase is 63%, while in Maryland it’s only 21%. If you have a minor repair with a cost that’s close to your deductible, it may not be worth filing a claim. But don’t hesitate to use your insurance when you need it most; after all, that’s what it’s for.
Liberty Mutual actually tied Erie insurance for this category, but since we already called Erie the best overall company, we'll describe how Liberty Mutual is well known for a strong shopping experience. Customers of Liberty Mutual report in the study they were particularly satisfied with the flexibility of policies offered by Liberty Mutual, as well as their relationship with Liberty Mutual agents. If Erie is not located in your state, Liberty Mutual can be a good alternative if you can get a competitive rate.
Personal injury protection (PIP) or medical payment are similar to bodily injury liability but instead cover the costs of injuries to yourself and any passengers in your vehicle. You certainly don’t want to be underinsured when it comes to your own medical attention — choosing PIP helps protect you from financial damages that might come as a result of physical ones.
The cheapest auto insurance company for you depends on where you live, what type of car you drive, your driving record, and other factors. Travelers is our top pick for number and variety of discounts. For “high-risk” drivers, we recommend Progressive. For new drivers, we like Allstate. For Uber and Lyft drivers, State Farm offers some of the most comprehensive coverage.
The program, called Snapshot, uses a telematic device in your car to send driving data to the company. It’ll note things like how quickly you brake and accelerate, how often and far you drive, and if you use your phone while driving. This way, the risk of insuring you can be more accurately weighed against your habits and the miles you drive. For infrequent drivers or city-dwellers who don’t rely on their cars to get around, this can be another opportunity to see significant savings on auto insurance.

As you fit the CNG / LPG kit, it is necessary to inform both the Road Transport Authority (RTA) where the vehicle is registered and your Insurance Company. The RTA will make a note of the change in the Registration Certificate (RC), and the Insurance Company will inform you about the payment of extra premium for the value of the kit to be covered under the “OD” and “TP” sections. The fitting of the CNG should be endorsed in the RC barring, which an insurance claim would be considered as void.
The coverage offered in liability policy differs from the comprehensive policy. While liability plan only covers third-party liability, the comprehensive one covers you for the damages to the vehicle and the owner which is called as Personal Accident Cover. The limit varies from plans to plan. Moreover, additional add-on benefits are also offered by some auto insurance plans. So, it is necessary to check and compare this trait to decide the personal accidental cover along with the additional coverage, if any under the same auto insurance plan.
Although law mandates insurance policy for 3rd party only but it is strongly advised to buy a comprehensive insurance policy that protects your vehicle from man-made or natural calamities. With comprehensive cover, you can claim from your insurer for accidents or damages caused to your vehicle. In the absence of comprehensive cover, you need to foot the entire bill on your own.

If there are any changes in the existing policy, such as change of address or modifications to the vehicle or its use, it can be done by an endorsement by the insurance company. All you have to do is submit a letter to the insurer with proof for the required changes, and obtain the endorsement. Some endorsements may require you to pay an additional premium. Hence, you must check the correctness of the endorsement before submitting the same.
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