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What you should know if you are buying car insurance for the first time

Car insurance

Are you thinking about buying your first car? Okay, so the last thing on your mind may be auto insurance. It is necessary, though. The Indian Motors Act makes it mandatory for all car buyers to insure their vehicles.

As of now, why are so crucial for you to buy auto insurance. Well, if your car is covered, in case of accidental damage to your vehicle, auto insurance will come to your aid.

Of course, you have to pay an annual premium to the company to get insurance coverage, but it helps to reduce the costs that you will have to face if you have an uninsured car.

In short, when your vehicle is involved in an accident, you pay the company for your financial support, thus reducing your financial burden.

Choose the insurance company with the best coverage that offers the best rate (premium). The tariff exemption will usually vary for all companies, which affects the premium payable.

United India Insurance Company - 60℅ tariff discount for all vehicles except Maruti vehicle.
In private companies, the discount will vary for all vehicles, so we can choose the company that has a lower premium high security when selecting the product.

There are different types of policies for car insurance.
  • Third-party Insurance - A compulsory policy according to the Motor Act of 1988 to be taken with the purchase of an automobile. 
  • Comprehensive Insurance -Coverage against theft, accident, explosion, fire, lightning, self-ignition, attacks, riots, natural disasters or acts of terrorism, loss, or damage to your vehicle. 
  • No Depreciation - Zero depreciation cover ensures full coverage for the vehicle or car insurance in case of an incident without factoring for depreciation. 
First of all, you must think about the budget for buying a car. 'After that, why should you buy a vehicle? There are some tips we need to know about buying a car:
  • Vehicle company
  • Car budget
  • Car safety
  • Safety features in the car
  • Think about it independently
  • Pay attention to all the critical factors
  • Background and condition of the vehicle if it is second hand
  • Important car papers
  • color
  • Engine working and condition
  • Make sure before driving
  • Vehicle requirements

What is Motor Insurance Cover?

A comprehensive insurance plan includes the following:
  • Loss or damage due to natural disasters:
  • Loss or damage due to human-made hazards:
  • Personal Accident Cover:
  • Third-Party Legal Liability

What is not covered by motor insurance?

Your insurers do their best to protect you from negative consequences, but there are some exceptions. Generally, motor insurance premiums do not cover:
  • When you drive someone else's car
  • Your car, when an unspecified driver is driving your car
  • Damage when the vehicle owner is under the influence of alcohol or drugs
  • Damage due to a driver without a valid driving license
  • Mechanical and electrical breakdowns