How To Purchase Hassle Free Car Insurance

Every vehicle owner must have at least third-party insurance in India. Purchasing motor insurance can take a lot of time and effort. Car owners must first understand what they want before buying an insurance plan. To help you breeze through the process, here’s a look at how to purchase hassle-free car insurance.

For several years, four-wheeler owners only had two car policy options – third-party cover and comprehensive cover. Third-party cover only provides financial assistance when a third party or their property gets damaged in an accident involving your vehicle. Comprehensive cover offers coverage for you and your vehicle as well. Innovations by insurance companies have led to new products in the market. Zuno now offers Zuno Switch, a unique offering that provides vehicle insurance to up to three drivers and vehicles. Policyholders can turn their insurance on or off and only utilise the cover when using the car. The policy works well for individuals or families who own multiple four-wheelers that they use sparingly. Instead of buying a separate policy for each car, they can now get a single policy for up to three vehicles. They can turn the insurance cover on whenever they intend to use a particular four-wheeler. Apart from decreasing your paperwork, Zuno Switch allows you to pay as you go. You only pay the car insurance premium for the days you use the policy.

Once you know what insurance policy you want, you can research and compare policies online. Most insurance companies offer similar third-party coverages and rates since the IRDAI regulates prices for this cover. If you’re looking for a comprehensive plan, you should check for the best car insurance policy online. You can compare costs, coverage and available add-ons in a few minutes.

Once you’ve shortlisted a few car insurance plans, you need to pick the one that best suits your needs. Check the insurance company’s claim settlement ratio before you pay your premium. The claim-settlement ratio tells you how many claims the company settled in the previous year compared to the total number of requests received. Look for companies that have a high ratio.