Having car insurance today is mandatory due to growth in a number of road accidents. A report from the Transport Authority of India states that more than 1317 road accidents occur every day. The numbers themselves indicate the risk of driving on Indian roads. Accidents can lead to overburdening dues on you which result in a financial crisis for you and your family. Buying car insurance not only helps in lowering these dues but also provides you with peace of mind.

It is essential to choose insurance that offers you and your family value for money. Many times, due to urgency we tend to settle down for policies that do not offer us the comprehensive benefits that are essential. This urgency causes major problems during the time of claim settlement. Therefore, it is imperative that you comprehend all the options carefully before selecting the insurance policy for your car. You can also compare policies of companies like ICICI Lombard and others to get the best car insurance quotes that fit your budget.

Benefits of Buying a Car Insurance Policy

• Future Savings: Car insurance policy can help in protecting you and your family from the huge medical expenses that come after hospitalisation. The coverages like collision, comprehensive, bodily injury liability and many others can help in covering the cost of expensive medical treatments if an accident happens.
• Protection for You and Your Family: Car insurance helps in protecting your co-passengers too, they can be your family members, your friends or other passengers. Right car insurance policy will provide coverage for any property or bodily injury costs that may arise during the accident.
• Time-Saving: After an accident, the fallout can be tedious and time-consuming. However, if you have the appropriate coverage, you can avoid negotiations with property owners and drivers who are involved in the accident. Good insurance policy helps you with vehicle towing, repairs and replacements covering the costs of damages to the other drivers. Once you claim the cover, the insurance company helps in managing the process and support you through it.

Features of a Car insurance policy

1. Personal Accident Cover:

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Personal accident cover provides your assistance, financially, in case of an accident that may lead to a serious injury. Coverage of 2 lakhs is available for the individual driver of the car while mounting, travelling or dismounting from the car. An add-on feature is also available under this where the option of the accidental cover of fellow passengers is available. Therefore, by buying a car insurance policy, you can also secure your family members in case of a fatal causality.

2. Damage Cover (Natural or man-made)

The car insurance policy covers any damages incurred by the vehicle due to natural reasons (earthquake, lightning, storm, hurricane, landslide, and any other natural calamity) and man-made reasons (Theft, riots, terrorist activities, malicious activity and any damage during transit by any means).

Car Insurance Natural Damage

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3. Third Party Liabilities

The insurance policy also provides cover for scenarios where your vehicle might be the cause of an accident which resulted in the death or any physical disability of an individual. It also covers any damage caused to third-party properties.

4. Roadside Assistance

A very handy option provided under the comprehensive car insurance policy. The roadside assistance cover helps you during the unfortunate and nagging breakdowns of the car. You can call for help for issues such as towing, flat tires, battery issues, the supply of fuel and replacement of keys four times in a policy year.

5. Zero Depreciation

Under this option, comprehensive coverage for your vehicle is provided without factoring in for depreciation. As we know, the value of a car depreciates with time due to natural wear and tear or due to any accidents. With zero depreciation cover, if you file a claim, the insurer will cover the complete cost.

6. Comprehensive Cover

You can also opt for comprehensive coverage in your car insurance policy. It covers all the aspects starting from third-party liabilities to theft and personal accident coverage. You can also boost the coverage by selecting additional covers like zero depreciation, engine protector, accessories cover, medical expenses cover for you and your family.

Car Insurance Advantages

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Buying car insurance is a must because we live in the country with the most congested roads in the world. The probability of your car to survive its life-span without being in an accident or damaged is very low. So, to protect it from any major or minor accidents you must buy a comprehensive car insurance policy. You can buy the same both offline and online. However, if you are looking for the fast process, buying a policy online is a much better option.

So, hurry up, visit the insurance companies’ website and get a car insurance quote for buying the policy that will suit all your requirements.