The Vehicle Insurance Tips and Tricks You Must Know!

Once you’ve owned a car, you’ll be need to pay for assorted types of payment, such as the parking fees, toll fees, maintenance fees and the car insurance! Without the proper car insurance, you cannot even drive your car on the roads or streets, as it is totally against the traffic law (unless, you’re one of the people that love to break the law!) and you could be got caught and being accused for this matter!

So, you’re advised to get the appropriate car insurance from the auto insurance companies, which you’re think they can provide the best deal to you here! Basically, the things you should concern when you’re buying car insurance or lending the car loans are:

• Your car type;
• Your Driving behavior;
• The Driver living place.

Go figure, you’re now having the financial problem, have lots of bad credits and you’re also a lousy driver, would you think that the car loaners will lend the car loans to you? Definitely not!

Thus, no matter you’re looking for car insurance or car loans, you should first make sure yourself clears from any debts and try to convince the lenders that you’re a safety driver as well! If you can follow the above steps, then you’ll have the 99% chances to get the car loans and great vehicle insurance deals.

Oh, by the way, don’t even forget to drop the car insurance companies some good visits and ask for the auto insurance quotes as well!

Source: http://onlinecarinsuranceindia.weebly.com/blog/the-vehicle-insurance-tips-and-tricks-you-must-know

Why you should have third party insurance?

Third party insurance is associated with general insurance, especially motor insurance. According to the Indian Motor Traffic law it is mandatory to have third party insurance for those who hold motors. However, many consumers who are taking it are not aware of its coverage, benefits and claim process. As the name suggests, when the beneficiary of any insurance policy is someone other than the two parties involved in the contract (the insurer and the insurance provider), the cover is known as a third party insurance cover.

The article will guide you on third party coverage, it functioning and how the liabilities are settled in general insurance claims.

Third Party Insurance Cover

Some general insurance policies cover two distinct parts in their insurance policy i.e. ‘own damage’ part and ‘third party’ part. A third party cover represents any other form of damage caused other than the insured person’s motor. The driver of the vehicle and the passengers in it, or any pedestrians or third party property, which are likely to get affected by the vehicle are covered by the third party cover.

Claims

Many people in India who are not fully aware of the insurance policy structure have a misconception that it is the insurance companies who are taking care of third party claims. However, it is not like this. This cover has to be taken by the insured person and not the insurance companies who look after it.

Some cases of claims involving third party insurance:

Road accident

As per the motor Vehicles Act, 1988, a motor third party claim must be filed by the affected person in a tribunal at the place of accident.

You’re a Victim

If you’re a victim of an accident, you must obtain the insurance details of that vehicle. Make sure a police complaint is filed for the accident and the first information report clearly states the facts of the case as to who was in the wrong. Based on these, a complaint must be filed at an MACT court at the place of the accident or at a place where the injured resides.

In most cases, the driver or owner of the car will try to settle the matter out of the court procedures. But, if the accident involves death of any person then any legal heir of the deceased can apply for claim under the third party insurance to get sufficient compensation. The court will summon the owner or driver of the reported vehicle as well as representatives of both insurance companies before taking a final decision in the case.

Property damage

This is very usual scenario. Whenever there is an accident there is a high chance of property getting damaged on the road such as building, stalls, etc. So if your property is damaged by a third party while driving you can either go for an out-of-the-court settlement or a settlement through MACT. If you feel that the damage caused and the expenses incurred thereby are more, a proceeding through MACT can be initiated. Get the details of the vehicle and their insurance.

Third party laws

As per the Motor Vehicle Act, 1988, a third party claim can be made under two categories: ‘no fault liability claims’ or ‘fault liability claims’. In the first case, the accident or injury happens by chance and not due to anyone’s fault.  In such cases, the compensation for the person who claims will be as per rules of the Motor Vehicles Act, 1988. However, if the claim is under fault liability, the claimant needs to prove the negligence on the part of the inflictor i.e. the car on the drive. In such events, when it is proved, the compensation can be higher, and depends upon the court judgment based on factors like human asset value or loss of earnings for the person or his or her family out of the incident or damage.

Options

Although, the basic coverage is compulsory for certain policies, there are many other options in a third party cover to choose from. Apart from insuring driver and co-passenger, you have the option of insuring additional passengers in insurance policy. There is also a provision to opt for a higher sum assured for the passengers or third parties. Third party insurance is the minimum insurance coverage that is mandatory as per law in certain cases like a motor insurance. Third party fund pooled is not administered by the insurance company, but mandated by law.

How to get the car insurance on a budget

Vehicle insurance is not cheap, but we need a protection for you and your family. You can get a better deal from your insurance company by following these simple guidelines.

1. Some things are hard to change: The price of your insurance is controlled mostly by a few uncontrollable variables. Their age, sex, marital status and all affect the rate it pays for insurance companies justify statistically different amounts of charge to drivers on the basis of these personal criteria. You can not really do much to change this – and I would favor his girlfriend just to get a better rate.

2. Sell yourself a little better: Other determinants, such as where to park your car, your driving record and your credit rating can affect the price you pay for auto insurance. Living in a low-crime neighborhood can reduce the amount you pay. Safe drivers are rewarded with lower insurance rates because the insurance company hopes that a driver who has proven to be a safe driver in the past will probably continue to drive in a similar manner.

3. Good pay credit: A stumbling block for many consumers is that insurance companies now adjust their rates based on their credit history. Good credit pay lower insurance rates, however, if you have bad credit, you may pay a little more.

4. Get the legal minimum coverage: The amount and type of coverage you can perform and has a great effect on the price they are forced to pay. A large full coverage policy costs much more than carry minimum liability coverage permitted by your state.

5. Liability Insurance: Most states require that carry at least liability insurance. Liability insurance is designed to pay for the damage caused when you have an accident. Do not pay for repairs to your car or to pay for medical coverage if you are injured in an accident. If you are trying to obtain insurance coverage at the lowest rate possible, car owners have the option of taking insurance coverage liability only. However, if there is a lien on your vehicle, you are required to carry full insurance coverage against liability only.

If you’re buying the lowest price available on Vehicle insurance, you should consider obtaining liability insurance only at the minimum level allowed by your state. Remember, however, that liability coverage only covers the other party must be the fault of an accident. It will not cover the cost of repairs to your vehicle if at fault.

Source from: http://www.theinsuranceblog.net/insurance-tips/how-to-get-the-car-insurance-on-a-budget/

Car Insurance Comparison - How to Compare Car Insurance Rates Effectively?

“It’s not just a car it’s your Carnama”, one of the beautiful milestone that you have achieved in life today. Will you not save your milestone from unnecessary damages, threats or accidental mishaps? Well we’re sure you would like to save it. The remedy for all your concern would be buying a suitable car insurance coverage for your vehicle.

Today, markets are flooded with car insurance policies lower or high rates, features filled or benefits oriented but “one-size-fits-all” are not the solution for cars. Every individual, every car, every condition is different therefore a car insurance policy has to be designed depending on individual needs, income source and car safety elements. It is advisable to have a suitable car insurance comparison on elements like rates, benefits and features, safety aspects, discounts and promotions activities, flexible payment modes and claim procedure before reaching for any consensus for car insurance purchase.

If you're not sure how to compare car insurance rates, we've got handful of tips that may just save you some bucks on insurance purchase.

Multi-quotes

Today car insurance market is incredibly competitive and vast, insurance providers often go that extra mile to get your business. So, if you carefully compare quotes from different insurance provider you could make the competition work to your advantage. Therefore, your first step should be getting atleast three to four quotes from reputable car insurance providers. Once you've done that, look at each of them carefully to make sure you're comparing apples to apples. This will help you determine which one will give you the best coverage for your buck.

Limit of liability coverage

Liability insurance often pays for the car repair and medical bills of another driver if you're involved in an accident and found to be at fault. Although the law expects to have a minimum insurance requirements but this coverage might not be sufficient in the event of a worst-case scenario. All insurance quotes don’t come with matching limits of coverage. Therefore, it’s necessary to compare these quotes to determine the limit of liability coverage for each of the chosen options. At times, it can happen that the cheapest car insurance quote might have the lowest limit of liability insurance, which in reality may not be high enough to cover accident-related damages. So, just consider these options while having car insurance comparison.

Deductibles

Collision or comprehensive insurance pays for damages to your vehicle. Most policies will pay to repair or replace a vehicle up to its actual cash value. But, generally difference between policies is the deductible, or the amount of money you need to pay out of pocket in the event of a claim before the insurance policy kicks in and pays for damages. A policy with a higher deductible will often have lower premium rates, but if you make a claim, you will have to pay more out of pocket compared to keeping lower deductible. While having car insurance comparison make sure that the policies you are looking at have the same deductible in order to make an accurate comparison.

Get motorist insured

Insured motorist’s coverage helps you get the cover if you’re involved in an accident with someone without insurance. Else you could end up covering the damages you've suffered causing a big hole in your pockets. Although, it doesn't come standard with all insurance policies, but it's worth consideration.

Discount Eligibility

If you're a safe driver, or if your car has safety measure, lesser miles covered, No claims, particular credit/debit card holder, or festive offers you will be able to get some form of car insurance discounts. Make sure to find out about any discounts you may be able to receive, and bank upon when having a suitable car insurance comparison. It’s only when you step down into the water you’ll understand the depth of it. Car insurance sector is also vast. By mere admiring the policy from above and assuming its good is not enough. You need to step down in water of quotes comparison and then carefully choose your options. It's easy to arrive at the assumption that the cheapest policy is the best policy, but that's not always the case. Sometimes the low cost insurance also offers the lowest limits of coverage. Low rate is not always “THE BEST” insurance quote for car insurance.

Source:http://onlinecarinsuranceindia.weebly.com/blog/car-insurance-comparison-how-to-compare-car-insurance-rates-effectively

Tips to get cheap car insurance policy package

Although cheap car insurance may sound like a good financial decision, but if you simply choose the cheapest package without thinking, you will end up in trouble, especially when you are involved in collision. No matter how much your salary or income is, choosing the wrong offer and package can bring you more troubles than benefits in the future. Cheap car insurance is the one that meets all the requirements of your car and comes at affordable rates. While market is flooded with insurance policies you get several ways to cut down the additional costs on your insurance policy and purchase suitable car insurance, especially buying insurance online.

While buying car insurance choosing reputable auto insurance company is a must. For this you can always have a look at the online reviews and their reputation. However, once you find the company, your work is not done. You still need to sort out some more things to ensure that your low insurance cost will not affect your protection.

Here are some basic tips to make sure you get cheap car insurance without any future problems:

The Car:

When you decide to buy a car, the insurance company will obviously look into your car type. Expensive or sports car is a type of vehicle that will cost you more in insurance. If you think that insurance money is a not worth your time and wallet then try considering a car with some safety devices that will lower your insurance cost.

Car Independent

We all love to just bump in our car seat and go for a long drive or offices or vacations etc. But more miles can cost higher premiums for your insurance. So it’s better to lower your mileage and keep your premiums lower. Try car pooling or using public transport a couple of times in a week to lower your mileage.

Trained Driver

Learning how to drive from a reputable driving school gives you better chance to become good driver with sound knowledge about traffic rules. The better you drive the lower will be your premium because of the safety assurance that you provide to the insurance company. Also, be defensive driver and do not drink or text while driving to avoid collision or accident in your records. This is one of the ways to buy a cheap car insurance policy.

Choose higher deductible.

If you’re sure you can keep a clean driving record with good driving habit & confident in your driving then you should opt for insurance policy with higher deductible, which means that the package cost will be much cheaper. Of course, this is possible if you are a responsible driver with good financial condition.

Family policy

Try and take a comprehensive car policy along with your other experienced family members. Because of their reputation and safety aspects there are high chances of setting a cheap car insurance premium for your car.

Besides, following these simple tips there are many insurance companies that compete in offering good price and discounts on policy packages. Therefore, constantly reviewing offers between different companies is very important. You can get better coverage at lower prices with affordable rates. You can shop online for better deals. By comparing quotes online from different companies, you can know about better options before actually visiting the insurance offices. It is not impossible to buy cheap car insurance, provided you know what you need and what options you have. The best way is reviewing all your coverage needs before choosing the one that suits your pockets.

Source:http://onlinecarinsuranceindia.weebly.com/blog/tips-to-get-cheap-car-insurance-policy-package

Car Insurance Comparison: Did you compare your car insurance quotes well?

Car Insurance Comparison: Did you compare your car insurance quotes well? from NishantMehta15

Car insurance online purchase is the need of the hour

India is the country filled with emotions. When you buy your first car you’ll take the car to the temple, break a coconut, put garlands and distribute sweets for auspicious beginning. You’ll pray god let my every journey be safe and protect our car from all evils or mishaps. Practically speaking it’s impossible for god to come and protect every car that runs on the road. Therefore, you can consider insurance companies as the disciples of god who are there to protect you and your car from any damages done to yourself, car and third party. This protection comes in the form of insurance coverage. We all are passionate about our cars and moreover we love taking good care of it. In today’s time, getting auto insurance can be extremely beneficial in case any of damage has caused to your car by any reason and the expenditures incurred in vehicle repairs are high. There are several insurance companies who will aid you getting the finest auto insurance quotes as well as policies for your car.

While there are various ways to buy car insurances such as visiting the insurance companies, purchasing on phone or through insurance agents one simple and quick medium in modern era is car insurance online. Procedure of getting online insurance quotes are simple, speedy moreover free. You can compare and acquire car insurance rates for the best car insurance quotes that will overcome your requirement without getting in contact with every individual company.

Evaluating various quotes of car insurance online helps you save your time and money. All you have to do is fill up the form accordingly as per the criteria and a range of insurance quotes, benefits, features, discounts offered, flexi-payment modes will be thrown out in a tabular array form. The data is not only sorted but also gives you options of different service providers under one umbrella. Acquiring online auto insurance policy is better as well as perfect place where to obtain cheap and affordable auto insurance quotes as well as policies and acquire complete info. Whether you are searching for new car insurance or else you are looking to renew your car insurance it helps in obtaining the foremost auto insurance rates for your car. 

You can get car insurance online directly from the car insurance company or if not so tech savvy ask your friend or relative for some online help. But you need to have knowledge on looking for ideal insurance companies that renders foremost car insurance before you get started.

Car insurance rates are another necessary part so that it can help out planning for the ideal car insurance, in order to safeguard you and your vehicle from any adverse situation.  It is quite crucial to prefer good car insurance company if you wish to have sound car insurance policy. In your quest to search for the best car insurance, it is advisable internet would be the finest resource of the modern times. While buying car insurance online, you will come across number of insurance companies that renders wide array of insurance plans. You can opt for the ultimate insurance at optimum costs from this huge range of auto insurance policies that fulfills your requirement.  

For better understanding visit local auto shop and try to understand various pros and cons of your vehicle before buying car insurance online. It will help you save money on unwanted purchases. Lastly get acquainted with the insurers’ strengths as well as ratings. Look for companies who keep transparency in their financial data products, credit ratings and moreover related services for the insurance industry.

Source:http://onlinecarinsuranceindia.weebly.com/blog/car-insurance-online-purchase-is-the-need-of-the-hour