You simply can’t drive your car on road without the right kind of insurance. The law makes it mandatory for every car owner to purchase a car insurance policy, and renew it whenever the validity of the older one expires. However, it would not be wise to buy a car insurance plan just to fulfill the legal requirement. A car insurance policy plays a very important role when it comes to providing financial security to the car owner. Therefore, it is important to choose the right car insurance plan, keeping in mind your specific need for the same.
What type of car insurance do you really need?
Car insurance can be mainly classified into two categories- third party insurance and comprehensive insurance. Third party car insurance provides financial cover for damages caused to other people or their property. Comprehensive car insurance covers third party damages as well as the damages caused to your own vehicle. The premium for a comprehensive policy is often higher than third party insurance. For this reason, you need to carefully determine what type of insurance you really need, and also opt for car insurance cashless renewal whenever the policy expires.
What if you don’t buy a car insurance plan?
Driving without a car insurance policy is a legal offence. A vehicle without proper insurance can be a threat to the safety and well-being of everyone else. Moreover, in case of an accident, you may have to bear high repair costs from your own pocket. If you are responsible for the accident, you’ll have to pay for the repair costs of other person’s vehicle as well. Having an insurance plan handy can save you from paying for all of it from your own pocket.
What factors affect car insurance premium?
Most people want to pay lower premium on car insurance. Apart from the type of policy you buy, there are a few other factors as well that can influence car insurance premium. For example, if you have violated traffic rules in the past or have caused an accident, you may have to pay a higher premium. The lack of safety features in your car may also increase your insurance premium value.
How to buy/ renew car insurance?
These days, the most convenient way to purchase a new car insurance policy or renew an existing one is to visit the online website of your chosen insurance service provider. The entire process of buying or renewing the best car insurance policy online can be completed with just a few clicks of the mouse.
IFFCO Tokio is one of the most reliable names in the insurance industry. It provides exclusive car insurance plans to the car owners. Offering the best car insurance policy online, IFFCO Tokio strives to meet all the car insurance requirements of its customers.
What type of car insurance do you really need?
Car insurance can be mainly classified into two categories- third party insurance and comprehensive insurance. Third party car insurance provides financial cover for damages caused to other people or their property. Comprehensive car insurance covers third party damages as well as the damages caused to your own vehicle. The premium for a comprehensive policy is often higher than third party insurance. For this reason, you need to carefully determine what type of insurance you really need, and also opt for car insurance cashless renewal whenever the policy expires.
What if you don’t buy a car insurance plan?
Driving without a car insurance policy is a legal offence. A vehicle without proper insurance can be a threat to the safety and well-being of everyone else. Moreover, in case of an accident, you may have to bear high repair costs from your own pocket. If you are responsible for the accident, you’ll have to pay for the repair costs of other person’s vehicle as well. Having an insurance plan handy can save you from paying for all of it from your own pocket.
What factors affect car insurance premium?
Most people want to pay lower premium on car insurance. Apart from the type of policy you buy, there are a few other factors as well that can influence car insurance premium. For example, if you have violated traffic rules in the past or have caused an accident, you may have to pay a higher premium. The lack of safety features in your car may also increase your insurance premium value.
How to buy/ renew car insurance?
These days, the most convenient way to purchase a new car insurance policy or renew an existing one is to visit the online website of your chosen insurance service provider. The entire process of buying or renewing the best car insurance policy online can be completed with just a few clicks of the mouse.
IFFCO Tokio is one of the most reliable names in the insurance industry. It provides exclusive car insurance plans to the car owners. Offering the best car insurance policy online, IFFCO Tokio strives to meet all the car insurance requirements of its customers.
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