Close Menu
Dailynewstv.co
    Facebook X (Twitter) Instagram
    Dailynewstv.co
    • Home
    • News
    • Business
    • Technology
    • Health
    • Fashion
    • Lifestyle
    • Travel
    • Beauty Tips
    Dailynewstv.co
    Home»Automotive»Things to Remember Before Buying Car Insurance!
    Automotive

    Things to Remember Before Buying Car Insurance!

    JackBy JackAugust 26, 2021No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    When it comes to renewing their vehicle insurance policy, research has shown two out of every five customers consider switching policies or insurance service providers. Why? Comparing the offerings and pricing policies of third party fire and theft insurance can help the customers save a lot of money on their premiums. The cumulative savings can as well be used for better causes.

    • While comparing online quotes, it is important to remember to seek the most excellent plan apt for your circumstances, not just the cheapest one available. Online comparison is the ideal approach to find the best deal that suits your needs in terms of features, benefits and add-ons. Take your time to figure out what fits your requirements best.
    • When comparing online car insurance rates, you would undoubtedly make certain assumptions. However, if you’re not too sure you may verify with people you know who already have car insurance to ensure that your assumptions are correct. Read the policy terms and conditions carefully. Don’t miss reading the fine print!

    A car owner’s insurance journey begins while buying their car. No matter what state you reside in you must purchase “Compulsory Third Party” (CTP) car insurance. The only factor this policy covers is third party injury/death, it neither covers damage to your vehicle nor damage to the third party vehicle. This policy is all about making compensation available to all parties who deserve it equally.

    Once you have your CTP in place, you will likely be exploring three types of non-mandatory, but very useful car insurance to cover other kinds of losses:

    • Comprehensive car insurance covers both personal car and third-party car and property damages. By purchasing this, after an accident, you will be able to recover either the agreed value or the market value of your car if it is declared a write-off or is found stolen. And if it is not, you will be able to have it repaired after paying only a small excess.

    Plus, it is an umbrella policy that covers your vehicle expenses in case of damage due to harsh weather, to fix emergency repairs until a specified limit, any wreckage due to theft or attempted theft.

    Insurers also provide you with towing services from the site of accident to a safe zone and hire a ride to get back safely if your vehicle has been stolen when you are stranded in some place.

    • Third party car insurance – there are two different versions of this car insurance. With third party property insurance you are covered for damage you do to others’ cars/property but not damage to your own. With third party fire and theft, you are covered for any third party damage as well as damage caused to your car only by fire or theft. 

    The key is to figure out which policy serves as the best protection for your bank account and your circumstances. Then you may want to pay extra for add-ons such as:

    • Road-side assistance, which assists motorists whose vehicles have broken down due to mechanical problems, leaving them stranded. The support provided by the insurance company in this add-on may include minor repairs, battery restart, phone assistance, emergency fuel, and minor repair (depending on the insurer).
    • Contents cover, which is where some of the contents of your car are covered if stolen or damaged in an accident.
    • Windscreen cover, which is where you get free windscreen replacement every year.

    Conclusion 

    Car insurance is one of the important decisions to be made. And considering the several insurance options like collision insurance, third party car insurance, comprehensive car coverage etc. that you may have, it would be best to make an informed choice after assessing the situation around you

    Take your time to research car insurance online and extract the most value for your money. Introspect on your car usage behaviour, frequency, and the kind of roads/places you travel often to finalize a policy that shields your car.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Jack
    • Website

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Recent Posts

    Maximizing Efficiency and Safety with Crane Hoists in Modern Industries

    August 9, 2024

    Viviscal: Your Ultimate Guide to Fighting Hair Loss

    July 10, 2024

    Advising a Dermatologist: Essential Information on Managing Hair Loss

    July 10, 2024

    Minoxidil’s Role in Fighting Hair Loss

    July 10, 2024
    Categories
    • App
    • Arts and culture
    • Automobile
    • Automotive
    • Beauty Tips
    • Biography
    • Business
    • Communication
    • Culture
    • Diet
    • Digital Marketing
    • E-Learning
    • Education
    • Fashion
    • Finance
    • Food
    • Health
    • Home Improvement
    • Law
    • Lawyer
    • Lifestyle
    • Net Worth
    • News
    • Social Media
    • Software
    • Technology
    • Travel
    Facebook X (Twitter) Instagram Pinterest
    • Contact Us
    • Privacy Policy
    Dailynewstv.co © 2025, All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.