Driving a car can be an enjoyable experience, but it also comes with its share of risks and uncertainties. From accidents to theft, natural disasters, and other unexpected events, owning a vehicle can expose you to financial losses. Whether you are a new or experienced car owner, understanding car insurance is essential to make informed decisions and securing your financial well-being.

According to the Motor Vehicle Act, getting third-party insurance is required whether you buy a new or used car. A comprehensive cover is also an option which offers several car insurance benefits.

The first kind of insurance shields you from monetary and legal obligations to a third party. a comprehensive insurance policy, on the other hand, protects your car from damage caused by accidents, fire, theft, cyclones, floods, etc. It also covers any third-party liability in addition to this coverage. Here are five key advantages of auto insurance.

  1. Vehicle loss or damage that is insured

You are covered if your car is damaged in a collision, a fire, or by self-ignition. Additionally, your new car insurance policy covers losses caused by terrorism, strikes, riots, burglary, or theft of the vehicle. The fact that car insurance covers loss or damage while being transported by rail, inland waterways, air, road, or lift is an additional perk. *

  1. Personal accident cover

A further benefit of auto insurance is that it provides personal accident coverage for a set sum. Protection against accidental passing away and permanent total disability is offered by personal accident insurance. Additionally, this coverage can be added to the auto insurance policy for unnamed passengers (up to the maximum number allowed by the vehicle’s seating capacity). You can use a car insurance premium calculator to calculate the estimate of your premium. *

  1. Large network of garages

Across the nation, Car Insurance maintains a sizeable garage network. This guarantees that, should the need arise, you will receive cashless services at each of these locations. In the event that your car sustains damage, this feature makes it simple to obtain repair services. *

  1. Liabilities to third parties

Your vehicle is covered by auto insurance if it is involved in an accident that causes loss or damage to the property of any third parties. Additionally, your auto insurance shields you from any liabilities you may incur in the event of a third party’s passing away or bodily injury. *

  1. No claim bonus

The no claim bonus is a significant benefit of having car insurance (NCB). The customer is qualified for this benefit for each year without a claim. This might be offered as a concession on the car insurance prices, which would further lower the cost of auto insurance. * ##

Here are two things to think about when selecting car insurance among different insurers.

  1. Easy and quick procedure

It is crucial that you do not have to go through a drawn-out process in order to purchase an auto insurance policy. The entire procedure must be straightforward, efficient, and practical. Additionally, it is advised to pick an insurance that provides the added convenience of online policy purchases.

  1. Customer support

A reputable insurance provider employs knowledgeable staff to assist in addressing all of your questions. To ensure that your problems are resolved without delay, insurance firms also provide live chat services.

Car insurance protects you from financial losses that may arise from accidents, theft, natural disasters, and other unexpected events. To ensure you are getting the best protection, it’s important to research and compare different insurance options, understand the coverage types and deductibles, and choose a policy that meets your specific needs and budget.

* Standard T&C Apply

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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