Save Money and Stay Protected: How to Choose the Right Car Insurance and Why You Need It

Daily commute, ever Increasing traffic, increase in number of vehicles and ignorance of people walking on the streets all this leads to many mishaps. Newspapers are filled with these kind of incidents and anyone and everyone owning a vehicle must have faced this situation sometime s in life. Sometimes, you may get lucky enough to save yourself and your car from any damage. However, on another day, the situation may deteriorate and bring a significant financial burden on you. During such times, a car insurance policy that walks beside you will keep you protected financially against third-party damages and any mishap that may happen to your vehicle. In India, over 25 general insurance companies provide motor insurance policies. Different insurance companies provide unique features and benefits to cater to the unique requirements of their customers. Therefore, you should check certain parameters while comparing and choosing the best car insurance for your vehicle.

Documents to be submitted for availing car insurance
You need to submit the following documents:

Duly filled up and signed claims form

Valid Insurance Policy

Driving License and Registration Certificate Copy (Present originals for verification)

Original FIR Copy (in case of third-party damage, theft, or property damage)

Repair bills and payment Receipts (if seeking re-imbursement)

PAN and Aadhar Card xerox (Present originals for verification)

Difference between Third Party Liability and Comprehensive Cover?
Third-party liability insurance (mandatory for all vehicles in India) covers only damage/injury that you may cause to others on account of unexpected vehicle part failure or accidents. For injury to third-party, you have unlimited coverage while for property/vehicle damage to third-party, you have a coverage of Rs. 7.5 lakhs. Comprehensive Cover insurance covers third-party liability and also damage to your own vehicle/injury to self. We recommend you to opt for Comprehensive Cover insurance.

Zero Depreciation
Zero Depreciation is an Add-On premium to secure your claim for full claim value (as against depreciated value). No Claims Bonus (NCB) for a Car Insurance

If you have a full year during which you do not make any claims, that means your insurer will consider you a safe driver and offer you a discount on your insurance premium. This is called a No Claims Bonus and ranges from 20%-50% as the number of no-claims years increase. Transfer existing car insurance to a new car

One can transfer existing car insurance from one car to another, if you are selling off the car you own and buying a new one. You need to inform your insurance company about the same within 15 days, post which you need to have a pre-inspection done. However, NCB is not transferable.

There are numerous Car Insurance Companies in India. With the invention of e-commerce, you can also buy Car Insurance Online. Visit our website www.kwikfixauto.in and have an easier and hassle-free experience. We provide right guidance on car insurance and also provide following services

Choosing from multiple insurance providers and insurance plan as per your individual requirement
Timely Renewals
Claim documentation
Advice on whether you should file a claim or not in various situations
Please feel free to call us on +91 9950 345 345.