Comparing Car Insurances



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Car insurance is an insurance policy that offers financial cover to the insured vehicle in the hour of need. With the help of a car insurance policy, the policyholder will get the required cover against loss or damage of the vehicle that is caused by accident, theft, fire, explosion, self ignition, lightning, riots, strikes, Act of terrorism, Transit by Rail, Road, Air & Elevator and natural calamities, (Earthquake, Flood and more).


Car Insurance Importance



In India, around 55 road accidents take place every hour. What will you do if the repairing cost is high and you are not able to get it done on time? Who will be responsible for the damages as well? There is where an effective car insurance policy takes place. Those who are already insured with a valid car insurance policy can ask their insurer for assistance and can get the repairs done on time. In the case of third party liability, if you have a valid car insurance p[lan then the insurance company will deal with the same without any hassles. However, no one will offer the required cover to you if your vehicle is not insured. You have to pay for all the damages on your own.
Apart from the benefit of paying for the damage and medical treatments that occur because of any injuries, the drivers might face serious legal liabilities. That’s why it is mandatory to carry valid car insurance as per the Indian law. In India, as per Chapter 11 (Section 145 to 164) of The Motor Vehicles Act, 1988, it is mandatory to have at least a Third-party car insurance.
Recently, the government of India has changed many rules and imposed huge penalties to curb the violations and to make sure that everyone is travelling safely. Apart from these penalties, punishment such as jail sentences is also there. For the same, the government has made changes in the Motor Vehicles ACT Amendment 2019, which passed recently by the cabinet.

Type Of Car Insurance Plan

Third Party Liability Plans

Third party liability cover is basically designed in a way under which the insurer will be liable to offer the cover to damages which are caused by you to a third party. Third party liability cover is not liable to cover any losses or damages caused to the policyholder. It is basically designed to take care of the minimum risks which are covered under the Auto Vehicles Act 1938.
The third-party liability insurance quote is the mixture of a few components which comprises of:-
  •  Third-party premium
  •  Personal Accident Owner Driver Cover
  •  Goods and Service tax

Comprehensive Plans

Comprehensive cover is the most effective form of car insurance and designed in a way that can offer wider coverage to the insured and the third party as well. Under the same, you not only get the basic third party liability cover but also the complete coverage to your vehicle as well. It will provide cover against maximum expenses to the insured car and third party liability.
The quote for the comprehensive cover is the sum of its components which include:
  •  Third-Party premium & Own Damage premium
  •  The premium for Personal Accident Owner-Driver Cover
  •  Additional coverage (add-ons) along with Goods & Services Tax

Why compare Online?

Having valid car insurance is mandatory in India under the Motor Vehicles Act, 1988. In India, there are several insurance companies that deal with car insurance. So with so many options, it becomes quite difficult to choose the accurate and best insurance policy. Here at PolicyX.com, we assist you to choose the best plan with the help of free quotes that allow you to save up to 60 percent on the premium of your car insurance as well.

Several Options: With the available different options, you can assure that you opt for the best insurance policy for your car. By doing a comparison, you will also get to know that there are many insurance companies in the market which have better plans for you.
Convenient: It is very convenient as it allows you to compare quotes of top insurance companies instantly. No hassles and easy to use. With the help fo free quotes, we allow you to compare different policies from the comfort of your home.
Save Money: Comparing car insurance online is a better idea to get clarity of each and every detail associated with the product. It keeps complete transparency, like what will be the premium, what you will get under it and what will not. It will help in taking the right decision.
Transparency: Comparing car insurance online is a better idea to get clarity of each and every detail associated with the product. It keeps complete transparency, like what will be the premium, what you will get under it and what will not. It will help in taking the right decision.
Minimal Documentation: If you think that for online purchase, the documentation process will be a hassle then you are mistaken here. We allow you to buy car insurance without much documentation and deliver a soft copy of your policy documents to your Email address.
Comparing Car Insurances Comparing Car Insurances Reviewed by Rohan Chaudhary on November 18, 2019 Rating: 5

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