Car insurance is an essential requirement for every vehicle owner in India, offering financial protection against accidents, theft and damage. An affordable car insurance is one that comes with essential coverage at reasonable cost. Many companies in India offer affordable policies that still give you the basic protection your vehicle needs. With many options available, it can be challenging to find affordable car insurance that provides the right coverage. With many options available, it can be challenging to find affordable car insurance that provides the right coverage.
Tips for Finding Affordable Car Insurance in India
1. Collate Insurance Providers – Use online comparison tools to compare quotes from various insurers.
2. Opting for Third-Party Insurance – Third-party car insurance is the minimum legal requirement in India making it a cheaper option. It covers damages to other vehicles and property caused by your car.
3. Installation of Anti-Theft Devices – Many insurers provide discounts if your car has anti-theft devices or security features installed.
4. No Claim Bonus – is a discount offered by insurance companies on car insurance premiums for policyholders who have not made any claims. Depending on the number of claim-free years this bonus can lower your premium by as much as 50%.
5. Skip Coverages That Aren’t Necessary for You – Opting out of unnecessary coverages can help reduce your insurance premium. While add-on covers can benefit your car, it’s important to be mindful of the ones you truly need and disregard the rest.
6. Avoid Unnecessary Car Modification – Car Modification such as alloy wheels and spoiler can increase your insurance premium.
7. Make, Model and Age – Factors like the make and model of your vehicle, its age, and your location can impact the premiums offered by insurers.
List of Insurers Offering Affordable Car Insurance in India
1. HDFC Ergo – Car Insurance starting at ₹2,551.
Website: https://www.hdfcergo.com/car-insurance
2. ICICI Lombard – Car Insurance Prices starting at just ₹2,094/yr.
Website: www.icicilombard.com/motor-insurance/car-insurance
3. Tata AIG – Believe it or not! Prices starting at Rs.2094.
Website: https://www.tataaig.com/motor-insurance/car-insurance
4. IFFCO Tokio – IFFCO Tokio Car Insurance is a well-known motor insurance policy in India, offering comprehensive coverage and a range of benefits to vehicle owners.
Website: https://www.iffcotokio.co.in/motor-insurance/car-insurance
5. Bajaj Allianz – Bajaj Allianz General Insurance Company offers cheap car insurance solutions to protect your vehicle without breaking the bank.
Website: https://www.bajajallianz.com/motor-insurance
Finding affordable car insurance in India is possible with the right research and understanding of your needs. It’s important to choose a plan that fits your budget while ensuring adequate coverage for your vehicle. Car insurance not only protects your car but also provides peace of mind on the road.
