Mistakes to Avoid When Buying Online Car Insurance

1
Mistakes to avoid when buying online car insurance
2
  Car insurance is mandatory as per the law in
India. It protects you from financial and legal
loss if your vehicle is involved in an accident.
Yet many people purchase car insurance without
giving all the aspects much thought. If you are
buying a car insurance policy for the first time,
do not neglect the importance of giving careful
attention to the selection of your car insurance
policy. The same goes for you if you are renewing
your policy. And with everything shifting online,
you can now put more time and effort into buying
and renewing your car insurance. To help you,
here are a few mistakes to avoid when buying or
renewing car insurance online.
3
Not comparing policies When purchasing online car
insurance, it is not necessary to select the
first insurance provider that pops on your
screen. It is important to explore different
policies to get good coverage. Many aggregator
websites will help you analyze plans according to
your preferences. Remember, there are many
insurance competitors, hence each one puts their
best foot forward by providing various discounts
and additional benefits to attract more and more
customers. So, a little bit of research and
comparison will help you get a deal that truly
gives you the best value for money.
4
Setting a low IDV The IDV is the insured declared
value of your car. If you set a low IDV for your
vehicle, it will be underinsured. So when you
suffer from total loss or theft of your vehicle,
you will be at a loss as you will get an
insufficient financial coverage from your
insurance provider, lower to that of the actual
value of your vehicle. Always try to get the most
value as you possibly can when you buy online car
insurance. This could cause your insurance
premiums to rise, but its worth it, especially
if you want to make a claim in the future.
5
Selecting insufficient add ons Additional
covers are extra-features added to your insurance
policy according to your choice. However, most
people think that these additions are unnecessary
and increase the premium for no good reason. What
most people dont understand is that these
add-ons provide financial assistance during an
accident or other unforeseen event, which truly
gives the best value for money. So next time you
are buying or getting a car insurance renewal
online, make sure to review all the add-ons and
select the ones as per your requirements. Some of
the add-ons that most people prefer to include
are zero depreciation, roadside assistance, tire
protection cover, passenger cover, and personal
accident cover, among others.
6
In conclusion, it is imperative to drive a car
only if it is insured. Also, while purchasing
online car insurance, it is essential to keep
these points in mind to not miss out on benefits
and regret later. Take a good amount of time
researching and comparing, which will reward you
in the future. Happy shopping and drive safely!
7
Follow us on
www.facebook.com/iffcotokio/
twitter.com/iffco__tokio
https//www.instagram.com/iffcotokioofficial/
8
Visit Here https//www.iffcotokio.co.in/
For more details Types of car insurance you
can choose form.
Thank You