The Best Ways To Get Motor Insurance
Car insurance is a must for all drivers. It protects you from liability if you cause an accident and financial losses if your car is stolen or damaged. Motor insurance protects your car and other vehicles against physical damage and bodily injury resulting from traffic collisions and against liability that could also arise from that place.
Different types of car insurance
The most common is third-party liability insurance. This protects you against any legal liability arising from injury, death, or damage to a third party or their property caused by your vehicle. It is mandatory by law to have this type of insurance.
Comprehensive insurance is another type of motor insurance available in India. As the name suggests, this kind of insurance provides comprehensive protection for your car against any damage caused by natural or man-made calamities. This includes damage due to fire, theft, riots, floods, earthquakes, storms, etc.
While third-party liability insurance is mandatory by law, comprehensive insurance is not. However, it is highly recommended that you get comprehensive insurance for your car as it provides much broader protection than third-party insurance.
Things to keep in mind when looking for motor insurance
If you are looking to buy motor insurance, you must a few things in mind. First, check if your car is covered under any existing insurance policy. If it is, you can save on the premium by transferring the policy to your name.
Next, compare different motor insurance policies from different insurers to find the one that best suits your needs. Remember to check the inclusions and exclusions of each policy before making a decision.
Finally, don’t forget to check the add-ons available with the policy. Some popular add-ons include personal accident covers, roadside assistance, engine protector, etc. Choose the ones you think would be most beneficial to you and add them to your policy.
So it’s essential to choose the one that’s right for you. The most common types are third-party, comprehensive, and collision. Third-party insurance is the most basic and covers you for damage to another person’s property or injury to them. It doesn’t cover your car.
Comprehensive insurance covers damage to your car as well as damage to other people’s property. It also covers you if your car is stolen or damaged by fire. Collision insurance covers damage to your car if you hit something or if something hits your car. It doesn’t cover damage to other people’s property. Other types of insurance, such as personal injury protection and medical payments, are not always required.
When you’re shopping for car insurance, be sure to compare apples to apples. That means comparing the same type of coverage and deductibles. Also, be sure to ask about discounts. Many insurers offer discounts like having a good driving record, insuring more than one car, or taking a defensive driving course. The best way to find the right car insurance is to shop around and compare quotes from different companies.
