Insurance

Importance of Buying Car Insurance

buy car insurance

So you’ve finally bought yourself a shiny new car. You’ve been thinking about it for months on end, and after saving up the money and heading out for endless test drives with your family in tow, you’ve got yourself the car of your dreams. It looks great today, fresh out of the showroom – but what about tomorrow and every day after that? With road traffic constantly rising, and rains creating numerous potholes on our roads, having insurance has become mandatory.

Under the Motor Vehicles Act, third-party liability is legally required for all vehicles on the road, but that’s hardly enough to keep your fabulous new ride looking great. Third party insurance will only cover your liability when it comes to damage caused to a third party (any person not riding in your car), and third-party property.

If you’re browsing for car insurance, you should look for a policy that offers personal accident cover along with third party liability. Personal accident cover will also cover you, the owner of the vehicle, or the driver of the vehicle at the time of the incident. Depending on the kind of policy you choose, you can also get cover that extends to all the individuals riding in your car at the time of the accident.

car insurance importance

Here are some of the other reasons why you need to have this all-important policy in your glove box at all times:

 

  1. You Can Get a No Claim Bonus

At the time of renewal, if you haven’t made a single claim in the previous policy year, you are eligible for a No Claim Bonus. This translates into a discounted premium amount.

 

  1. There’s a Death Benefit

Your car insurance policy can also look after your family members financially if an accident leads to the loss of your life. It may sound grim, but we know that the most important job you have is looking after your family. With the right car insurance, you can ensure that you’ll always be able to look after them – even when you aren’t around.

 

  1. Add-ons Can Help Increase Your Cover

If you want better protection, you could consider purchasing add-ons with your insurance. With options such as Zero Depreciation Cover and Engine Cover, you can ensure that your car stays in top shape, no matter what.

 

In today’s digital era, it’s become incredibly easy for us to browse and even purchase car insurance online. All we need to do first is make sure the plan we’re opting for offers us and our cars the kind of cover we need.

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