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New Car, New Policy: Your Guide To Buying New Car Insurance Online

It is always an exhilarating experience when a person buys a new car. From the fresh smell of the interiors to the smooth sound of the refined engine, there is no feeling quite similar. Before you start driving your brand-new car, one important aspect you must consider is car insurance. Getting the right car insurance to protect your investment is crucial. If you are wondering, ‘How to buy new car insurance online?’, then it’s your lucky day. In this blog post, we will help you understand the process of securing insurance for your brand-new car.

The Importance Of New Car Insurance

In India, it is mandatory to get your car insured under the Motor Vehicles Act of 1988. It provides financial protection for you and your new car. Insurance acts as an armour that secures your car from unexpected expenses in case of accidents, theft, or damage. Obtaining an insurance quote for new car insurance is the initial step to ensure that your car, yourself, and others on the road are covered.

What Are The Types Of New Car Insurance In India?

There are several coverage options in the market, among which, you can choose the one that fits your needs. The most commonly found coverage plans in India are:

  • Third-Party Liability Insurance: Third-party liability insurance is the minimum coverage required and mandated by the law in India. It covers the costs of damages, injuries and property damage caused to a third party in case of an accident.
  • Comprehensive Car Insurance: Comprehensive insurance covers various car damages, including third-party liabilities for three years and Own Damage (OD) for one year. It also includes coverage for bodily injuries or death of the policyholder and passengers in the insured vehicle.

You need to gather some additional information to obtain a personalised quote. Accurate information about your car, make and model should be kept in handy as it is very important. Determining the exact type of car insurance you need– third-party liability insurance or comprehensive car insurance, or any additional coverage options, is advisable.

Steps To Get The Best Quotes For New Car Insurance Online

You can compare car insurance policies online in India and select the one that meets your financial expectations. At Elephant Car Insurance, we provide unbiased comparisons of quotes. We have simplified the process of purchasing new car insurance online. Visit Elephant.in and follow these 3 easy steps and get your insurance policy instantly!

  • Fill out the important details like registration location, car brand, car model, fuel type and variant.
  • After submitting the required details, several insurance policies will be presented to you. You can compare and choose the best insurance policy that suits your requirements.
  • Once you make a decision and make the payment, the insurance policy will be issued instantly.

Advantages Of Buying New Car Insurance Online In India

When it comes to car insurance, choosing the online route stands out for several reasons. Online surpasses offline in pricing, convenience, and services. Compare multiple policies effortlessly based on coverage, add-ons, and premiums. The online process is entirely paperless, ensuring a quick and easy purchase. Streamline your insurance purchase with the simplicity and efficiency of the online approach.

Avoiding Common Mistakes

While searching for a new car insurance quotations, be mindful of these common mistakes:

  • Underestimating Coverage Needs: Don’t skimp on coverage. Ensure your policy matches your specific needs.
  • Price-Centric Decisions: Don’t prioritise choosing the lowest price, be sure to consider coverage and deductibles.
  • Missing Discounts: Inquire about available discounts to save on your premium.
  • Overseeing the Voluntary Deductible: Choose a deductible that aligns with your budget and financial capabilities.
  • Neglecting Policy Review: Thoroughly understand your policy terms and claims process.

Conclusion

Finding the right quote for new car insurance is crucial. Insurance is not a one-size-fits-all concept. According to your circumstances and specific requirements, your policy is tailored. Now that you know how to get new car insurance online, we hope you find the perfect car insurance quote for your new car. Don’t wait, get your perfect quote with Elephant.in today. Safe driving!

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. You are recommended to obtain specific professional advice from before you take any/refrain from any action. Tax benefits are subject to changes in tax laws. Please contact your tax consultant for an exact calculation of your tax liabilities.| EL/BLOGS/23-24/01

 

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