Saving money while buying car insurance is not a difficult task. The starting step should be taken by making a lot of research. It has turned very easy and simple to compare car insurance online in India. To get cheap car insurance, one needs to do the proper market research and proceed with the deal. The market is full of competition. Therefore, you can get the best deal if you are a savvy customer.
Here are 10 tips to get a cheap car insurance
Compare Insurance Provider
Many of the people are seen buying car insurance without comparing with a different insurer. Be proactive by checking the policy and the car insurance cover offered to you along with its price.
Protect the No Claim Bonus
The no claim bonus is the single best way of cutting your car insurance costs, so protect it. Thus, building up your no claims bonus discount could really help you to get a cheaper policy.
Increase Voluntary Deductibles
You can choose to increase your deductibles. By doing this you can lower down the premium cost of your car insurance.
Anti-theft devices secure your vehicle against theft and robbery. It helps to reduces the chances for claims, so the insurance company. While choosing the anti-theft device, make sure it is approved by Automobile Research Association of India (ARAI). You can install anti-theft devices such as alarm, steering wheel lock, keyless lock device, electronic immobilizers, vehicle tracking, to reduce your insurance premium.
Bundle multiple policies
Many insurance companies offer benefits for customers who open up more than one line of insurance. Policies grouped together can be cheaper than policies insured with a different insurer.
Check for offers
Insurance companies provide certain offers. So before buying the car insurance policy, ask the insurer about any ongoing offers that you might be eligible to receive.
Renew Policy before Lapse
It is always advisable to renew the policy before it lapses. If your car insurance is lapsed, you need to get a fresh insurance that requires to get your vehicle inspected again and there are chances that your premium might get increased. With the lapse of a policy, you lose your accumulated NCB benefit. To reduce your insurance cost, renew the insurance policy before it lapses.
Maintain a clean driving record
One of the best factors to gain cheap car insurance is being more responsible. Maintaining a good driving record can help you with a low premium cost.
It covers damage from fire, floods or vandalism and reimburses you if your car is stolen. The insurance company pays you the current market value of your car if it’s stolen. So, if your car is older and has a low market value, you can avoid these types of coverage.
It is the most important thing to be followed by every car holder. Not just to save premium but also to save your life. Driving safely reduces the traffic accident and damages to the car which helps to reduce your car insurance cover cost.