According to the Motor Vehicle Act 1988, all car owners should have a third party insurance cover.

Take care of 4 things while taking auto insurance car insurance, then get good insurance, car insurance news
Take care of 4 things while taking auto insurance car insurance, then get the right insurance.

  • If you take an add-on cover in insurance while buying a car, then the protection of your insurance policy increases.
According to the Motor Vehicle Act 1988, all car owners should have a third party insurance cover. Without this minimal production, no one can run the vehicle. You can be penalized if you run a car without it. In the case of insurance, insurance cover is available based on terms and conditions on car damages. To know about better protection in the market, Money Bhaskar interacted with Mr. Ankit Agarwal, Director of Girnar Insurance Broker Pvt. Ltd.


Right car/trim level


When you like a car, you see it's variant and insurance cost. In most cases, if you go into the high trim car list, then the difference in insurance cost will be found. That means if you buy a Mercedes Bench or an expensive car, you will have to take costly insurance. This is because the cost of the vehicle is seen in the protection, its valuable part is seen. More trim reduces insurance claims.

Types of insurance

While buying a car, you can take two types of insurance. A loyalty policy can be added with a Comprehensive Policy. In a Comprehensive Policy, usually after a limited time, insurance cover gets less than the cost of the car. Even after a limited time in the Halkin Zero Depreciation Policy, insurance cover is equal to the full price of the vehicle. This insurance is for 5 to 7 years. In such cases, if you use the car sometimes, it would be better to take a comprehensive policy, whereas those who use it daily should take zero-zero depreciation policy.

Add on cover

If you take an add-on cover in insurance while buying a car, then the protection of your insurance policy increases. In the add-on cover, you can take a guarantee of a specific part of the vehicle. As if your car gets drowned in the water and the engine gets damaged, then the add-on cover comes for it.


Good Insurance on Safety Features

If you have anti-theft equipment in your car, then insurance companies can get the right protection insurance on good terms add the condition. In the vehicles which are certified by the Automotive Research Association of India (ARAI), such as Central locking, immobilizer, you can get better insurance coverage in lesser premiums. Because safety features reduce your chances of theft.

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