Best Car Insurance In India | Cheap Car Insurance In India

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Best Car Insurance In India | Cheap Car Insurance In India: In a developing country like India, buying a car is a lifelong dream for millions. Owning a car, however, comes with various responsibilities. For starters, it is mandatory to have an active car insurance policy to be able to drive the vehicle. Many car owners buy car insurance just to comply with government norms, without giving it a proper thought.

The cost of car insurance is often the deciding factor for car owners. People opt for the policy with the lowest premiums. But the cheapest policy may not necessarily be the best policy. A car insurance policy not suited to your needs may leave you without adequate cover in times of need. It is imperative to consider all the available options and choose the best car insurance policy in India.

The question arises, where can you get the best car insurance policy? Let us take a look at the factors you should consider before zeroing on the best car insurance policy.

Best Car Insurance In India

Comprehensive cover: Having a third-party cover is mandatory in India. Anyone other than the insured and insurer is considered a third party. Only damages caused to a third party are covered by the policy. A third-party insurance does not cover any damages caused to you or the vehicle, which is why it is important to have a comprehensive cover. A comprehensive car insurance policy covers damages to the owner/driver, vehicle as well as third parties.

Bundled plans: Having individual insurance plans for different possessions can burn a hole in your pocket. If you want to save some money on insurance, go for bundled plans. Bundled plans offer insurance cover for different assets together. For instance, you can get car insurance along with home insurance. Alternatively, there are bundled plans that cover multiple vehicles under the same policy.

Premiums: A car insurance policy has to be renewed at regular intervals by paying the pre-decided premium. The insurer is liable to pay for the damages only if you pay the premiums on time. Excessively high premiums can become a financial burden in no time.

With a knowledge of the broad parameters for selecting car insurance, you can conduct thorough research to find the best car insurance policy in India. Here is a word of caution before you start! A car insurance policy that has low premiums will most likely not offer adequate coverage. Also, only a few insurers offer bundled plans in India. In a nutshell, getting the ideal mix of features and pricing is a bit tricky. However, if you are a corporate employee, you can use your superpowers to get the best deal.

With Elephant insurance, you can get home insurance bundled with motor insurance. Two-wheeler insurance comes bundled with home insurance worth Rs 20 lakh, while car insurance comes bundled with home insurance worth Rs 50 lakh. Corporate employees can also get a flat 80% discount on car insurance premium with Elephant insurance. That is not all, along with unique features and affordable pricing, you also get post-sales service, dedicated claims support and artificial intelligence-based recommendations!

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