Buying a car is one of the most exciting moments in one’s life. However, with ownership comes responsibility; apart from regular car maintenance, an essential task is buying adequate four-wheeler insurance for your car. This protects you and your beloved asset financially in case of unprecedented dangers on the road.

But with so many insurance providers and policies in the market, how do you choose the right four-wheeler insurance for your needs? Read on to learn how to choose the right policy.

What is Four Wheeler or Car Insurance?

A 4 wheeler insurance or car insurance policy provides financial protection to the insured (you) if your car suffers damage. It covers expenses related to repair and replacement if the vehicle is damaged or stolen.  There are three main types of car insurance:

• Third-Party Liability Insurance – This is compulsory by law and covers injury or damage caused by your car to a third party (anyone apart from the car’s owner). However, it does not cover damage to your vehicle.

• Comprehensive Insurance – This optional policy covers its damage and third-party liability. It provides extensive coverage against artificial and natural calamities, accidents, theft, etc.

• Standalone Own Damage Insurance – This policy only covers damage caused to your own car due to covered perils and does not include third-party liability.

Key Benefits of Car Insurance

The following are the main benefits of getting car insurance:

• Financial security – Get adequate coverage against unforeseen car damages and save on heavy repair bills.

• Compliance – The Motor Vehicles Act mandates third-party liability insurance. Non-compliance can result in fines or imprisonment.

• No Claim Bonus – Avoid making claims during the policy tenure and get up to 50% off premiums.

• Personal accident cover – Get cover against permanent disability or death of the owner-driver caused by an accident.

• Zero depreciation – Opt for zero depreciation add-on cover to receive the total claim amount without accounting for depreciation.

Factors to Consider When Choosing Car Insurance

The following are some main reasons to consider when choosing car insurance:

1. Coverage Offered

Carefully evaluate the policy’s inclusions and exclusions. Opt for wider coverage through a comprehensive policy based on your car’s value.

2. IDV

Choose the appropriate insured declared value or current market value for the car. Higher IDV means higher coverage but also higher premiums.

3. Add-Ons

Based on needs, evaluate useful add-on covers like zero depreciation, engine protection, NCB protection, etc..

4. Premium

Compare premium quotes from insurers. Consider voluntary deductibles to reduce premium outgo.

How to Buy Car Insurance Policy Online?

Follow these simple steps to buy car insurance online in minutes:

• Compare – Get quotes from insurers like ACKO to compare policies and premiums.

• Select – Choose a suitable plan, add-ons, and IDV as needed. Proceed to payment.

• Pay – Complete premium payment online via card, UPI, net banking, etc.

• Download – Instantly receive a soft car insurance policy copy on your registered email ID.

Conclusion

It is crucial to choose adequate car insurance tailored to your requirements. Evaluate factors like IDV, inclusions, claim process, and premiums before purchasing the policy. Add relevant riders to enhance protection. Buying online is the most convenient way to get insured instantly.

 

Opt for a provider like ACKO Insurance that offers robust digital processes, hassle-free claims, and 24×7 customer support for total peace of mind. With the right car insurance policy bought online, you can drive tension-free, knowing you and your automobile are optimally protected.