6 Tips to Get the Best Car Insurance Deal

Car Insurance as an essential asset for your vehicle, you will find plenty of car insurance companies introducing their plans. Each company tries to make their product eye-catching, which conversely makes it harder to select the best plan as per the requirement.
As third party liability insurance becomes mandatory in India, car owners rush for it and due to the scarcity of time, sometimes end-up picking the wrong policy. So taking a prudent decision is always advised.

Now you must be wondering which companies are the most reliable to offer economical deals. Well, there are N numbers of companies offering good plans. However, you can go for HDFC Car Insurance to protect your vehicle from any damage or legal liabilities. Once you decide with whom and where to invest, the next step is to find the cheap and best deal. No doubt, everyone likes to save money and here is how you can find the safe and cheapest plan!

1. Apply Your SmartnessWhere you’ll have to be quite smart to select a cheap and best plan. You should choose the plan as per the requirement. You need to precise whether you need a reasonable plan or an apt coverage for the vehicle. First, set a budget then explore the options available within your budget. Simply opting for car insurance comparison online, you can find the deal of your choice.
2. Cheap is Not Necessarily the BestThere is no hard and fast rule that cheap car insurance always will be the best option for you. You can lower your car insurance risk by simply applying few awareness tips like add a security alarm, park your car in a garage or a safer place, opting for the popular but inexpensive model, which require less money to repair, prove yourself as a safe driver etc. This way, even buying an expensive policy won’t affect your pocket much.
3. Add an Experienced DriverAdding an experienced and secondary driver in your policy document can be a good decision. It also lowers your premium cost as adding new young drivers can be expensive.
4. Increase No Claim BonusEvery claim free year, you can get an additional discount on premium, and this way the plan can be cheaper than the time of purchasing it. While changing your insurer, if you wish, don’t forget to carry over your NCB. You can also protect your NCB, which you have gained for not claiming for five years, by paying an extra premium.
5. Consider to Cover What You Need ActuallyBy prioritising your need, you can save on premium and can avail the plan at an affordable cost. Some insurers may try to convince you for add-ons. Buy them only if you need them. Also, consider the extra coverage offered by others. This way you can bargain with your insurer regarding a particular rate or discount.
6. Consider the deductiblesDeductibles always play important role in terms of deciding your insurance premium. Remember, more the deductibles, lesser the premium you pay. In a contrast, if you choose a car insurance plan with a lesser deductible, the premium will completely be increased. However, the insurance experts say that choosing the higher deductibles for the sake to save on premium is not a smart decision. Because, whatever the amount will, you are going to pay it from the pocket. 

We hope this article is helpful to you and you’ll be careful about these pointers while buying a car insurance in future. However, if you already have one, try to implement them for future and trim down the insurance premium!