Car Insurance is a contract between the insurance company and insured that safeguards the policyholder against financial loss in case of theft or accident. A car insurance policy also offers coverage for damage or loss caused to your car. It is mandate to buy car insurance in India irrespective of the vehicle type, i.e. personal or commercial vehicle.
As per law, it is mandatory for vehicle owners to buy car insurance for their vehicles plying on Indian roads. However, the Parliament passed the amendments to the Motor Vehicle Act, which was effective from September 1, 2019. This has not been a good sign for the car owners as driving errors are now making a big dent in their monthly budget and some of these owners may even cost them the same or more than their monthly fuel bills.
The premium amount of your car insurance is decided on the basis of Insured Declared Value or IDV of the vehicle. If you increase the IDV, the premium rises and if you lower it, the premium reduces. It is important for any policyholder to compare various car insurance options before going for a car insurance renewal or buying a new policy.
With car insurance comparison on PolicyBazaar, you can save money, avail discounts, and find the best plan. Compare various insurance plans online and buy the one that fulfills your insurance expectations hassle-free.
Why buy an IFFCO Tokio Car insurance policy online?
Accidents and mishaps cannot be predicted, but taking necessary precautions can help you stay prepared in the wake of consequences. To stay protected and to save yourself from any legal consequences, buy IFFCO Tokio car insurance online today
Our online car insurance policy provides complete assistance when the need arises, and covers your vehicle against physical loss or damage, act of God, theft etc. To obtain a car insurance quote, fill out our “Request a Quote” form available on our website. Just enter your personal details and information about the vehicle to be insured, and get a quick online quote.
Royal Sundaram offers Car Shield, a comprehensive package policy which covers Loss or Damage to your car; Liability to third parties and provides personal accident cover to the Owner/Driver. Car shield also comes with a host of discounts.
Which comparison site is best for car insurance?
The best site overall was moneysupermarket.com. Along with comparethemarket, and Gocompare it compares prices from more than 80 providers. Moneysupermarket’s car insurance search is not the best looking, but the results were accurate and it is very easy to compare policies.
Buying car insurance online is a great option if you want to shop on your own schedule and save time and money. The benefit of buying car insurance online is that you can quickly get quotes directly from insurers without calling companies individually and repeatedly providing the same information over the phone.