Diwali is an auspicious time to buy something new. Every year, millions of Indian buy a new house or car, make a new investment, start a new venture, etc. In case you are planning to invest in a brand new vehicle this festive season, congratulations! But with that, also make sure that you buy an optimum car insurance plan to protect your precious possession.
Here are a few tips that will help you buy the best car insurance plan and brighten up your Diwali.
- Compare Car Insurance Plans Online
Several insurers in India provide car insurance plans. Choosing the right one among the multiple options available in the market can be a tedious task. Hence, it is recommended to compare car insurance plans online offered by different providers.
You can consider comparing the plans based on the premium amount, coverage, inclusions, exclusions, add-on benefits, etc. While doing so, also take into consideration the claim settlement ratio of the insurer. It is ideal to choose an insurer with a high claim settlement ratio as it increases your chances of getting a claim settlement in the future.
Besides, you can use the car insurance premium calculator to determine how much the policy will cost you. So, if you are looking to buy a car insurance plan any time soon, research and compare plans online to make an informed decision.
- Select Add-On Covers (If Needed)
When buying comprehensive car insurance in India, such as Acko Car Insurance, the insurer allows you to enhance the scope of the policy with add-on benefits. There are numerous add-on covers available in the market. Some of these are as follows –
- Zero depreciation cover
- Engine protection cover
- No claim bonus protection cover
- Return to invoice cover
It is important to note that each add-on cover you decide to opt will cost you additional premiums. So, choose only those add-on covers that may come in handy in the future.
- Choose A Reliable Insurer
As mentioned earlier, the car insurance provider you decide to buy the policy with should be reliable. One way to determine the reliability of the insurer is by checking their claim settlement ratio. It is the ratio of total claims settled to the total number of claims received by the insurer.
Based on the claim settlement ratio, you will be able to determine whether the insurer is capable of settling your claim request in the future. It is ideal to choose a car insurance provider with the highest claim settlement ratio.
- Evaluate The Claim Process
The insurer you choose should provide a cashless claim settlement facility. With this facility in place, you will be able to seek car assistance from a nearby network garage at any time and anywhere. Typically, insurers provide a list of network garages under them. Make sure that you select a provider with a wide range of network garages across the country.
Besides, the claim settlement process, whether it is cashless settlement or reimbursement settlement, should be hassle-free and easy.
Conclusion
Based on these tips, we are sure that your brand new car this Diwali will be secured with the best car insurance plan in the market.