Considering there are so many car insurance companies in India, selecting the best one may be challenging. Read through the following sections to find the best car insurance company in India.
How Do You Pick the Best Car Insurance Company?
As per the Motor Vehicles Act, having valid third-party car insurance is mandatory, which protects you financially in the event of a car accident.
It is important to have the best vehicle insurance coverage, regardless of whether you choose the necessary third-party car insurance or comprehensive car insurance.
Mentioned below are a few pointers that will help you choose the best car insurance company in India:
Check the Insured Declared Value
The insured declared value, or IDV is the amount of money that your insurance company will cover if your car is stolen or damaged beyond restoration.
The IDV is not the same as the resale value of your car. It is simply the most your insurance company will give you if your car suffers damage after an accident.
Different insurance companies provide different IDVs. Furthermore, the IDV is also dependent on the amount of premium you pay. You must first determine the car's actual market value before looking for the IDV.
Choose a Suitable Type of Plan
The two types of car insurance plans offered by insurance companies include third-party insurance plans and comprehensive insurance plans.
Third-party insurance policy, as the name implies, offers protection against third-party injuries or property damage. It covers personal harm, property damage, vehicle damage, and death of the insured.
A comprehensive policy provides all third-party benefits while also protecting your car. A third-party plan is less expensive than a comprehensive plan. Since both these plans vary significantly, you must determine your requirements before selecting the best car insurance policy for yourself.
Check Out the Customer Service
When it comes to car insurance, excellent customer service is essential. When you have a question or need to submit a claim, you want an insurance company that is available and quick to respond.
Thus, choose the best car insurance company in India that has good customer service, phone assistance, email support and chat support.
Add-on covers are added coverage benefits over and beyond the already existing policy. To satisfy the different needs of people, the majority of Indian insurance companies offer a variety of add-on covers, such as zero depreciation, roadside assistance, engine protection, tyre damage and more.
You can tailor your policy and add additional covers based on your needs. However, note that adding too many add-on covers can increase your policy premium substantially.
When comparing car insurance policies, seek a company that offers the add-on coverage you require.
Choosing the best car insurance company in India requires significant research and commitment. Consider your options carefully because car insurance is a significant investment that will shield you and your car in the event of an unforeseen accident. Consider reading more about car insurance on Park+.
If you want to know more about car insurance and get the best car insurance, download the Park+ app on your phone.