Lower Your Car Insurance By Questioning Like An Insurance Agent

As per the Indian insurance regulator’s data, vehicle insurance in India registered significant growth in the past few years. The sector’s growth can be credited to the growing awareness of car owners and the government’s mandate to have a third-party car insurance policy.

As more individuals are now purchasing a car policy, the queries related to lower premiums are also on the rise. Notably, there are several ways in which individuals can lower the cost successfully and make the most of their policy plan. 

Effective ways to lower vehicle insurance policy premium

•  Reconsider purchasing a comprehensive insurance policy

Those with an old vehicle may rethink acquiring a comprehensive cover. Paying a premium that is almost equivalent to the value of the car is often not a clever decision. So make sure to compare the best cheap car insurance companies before getting one.

Instead, vehicle owners should look for a coverage that includes only the most essential requirements. 

• Pick a lower coverage 

Cars with anti-theft devices attract a discount on premiums. This, in turn, helps lower the overall cost of buying a motor plan. 

• Find out applicable discounts and claim them

Individuals should make it a point to find out about other applicable discounts like No Claim Bonus and claim the same whenever possible to lower the overall premium burden. 

•  Compare insurance policies and their offerings

The Online car insurance comparison often comes in handy to select an insurance policy with a low premium. Furthermore, it helps to glance through all the essential features and terms of services easily.

Online policies are often more affordable since it cuts out the middleman and enables consumers to directly deal with the insurance company in question. 

• Take a defensive driving course

Those who have been or are a part of defensive driving or accident prevention course are more likely to receive a 4-wheeler insurance policy at a lower premium amount. 

• Improve credit profile

Besides having a spotless driving record, car owners should also ensure that they have a decent credit history. While a spotless driving record helps determine the policy buyer’s risk, a clean credit profile indicates their premium payment capacity.

This helps avail coverage at a lower premium amount. 

• Consider installing an anti-theft device

Car owners who have installed an anti-theft device on their vehicle are better positioned to lower their motor insurance policy premium successfully. 

• Negotiate with the policy provider

Consumers must make an effort to negotiate with the company regarding the premium cost and other terms of service.

Typically, buyers with a spotless driving record are more likely to have the upper hand when it comes to negotiating. 

• Consider frequent use of public transport

In most cases, four-wheeler insurance providers are likely to ask policy buyers the number of miles they tend to the driver each day in the insured car.

More than often, individuals who drive 3-4 hours in the insured vehicle happen to pay a higher premium than those who drive their car only for a couple of miles. 

•  Insure multiple cars and drivers at once

One of the most effective ways to lower premium is by availing a bundle discount for insuring multiple vehicles and drivers all at once. However, car owners must find out in advance whether such an arrangement will help secure lower premiums.

Furthermore, they find out the accompanying terms to insure multiple vehicles and drivers to avail suitable premium structure.

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