Car Insurance Blogs

Helping you to make informed decisions about insurance
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What Is Full Coverage Auto Insurance? And Who Should Buy It?
published on May 2, 2022

The idea of having “full coverage” auto insurance: getting total protection for your car, no matter what may happen, sounds great. But what does “full coverage” really mean for car insurance?

To start with, there is no standard definition of “full coverage” for auto insurance. “Full coverage” although related to car insurance is confusing and misleading at times. The coverage is usually a package deal made of several collision, comprehension, and liability policies that can be customized to fit your needs. Different insurance providers offer different policies. A well-grounded insurance policy that safeguards you and your dear ones can be availed from the following coverages

  • Comprehensive coverage:

Comprehensive offers coverage from damage to your vehicle. It can help with losses resulting from fire, theft, vandalism, floods, and those related to weather. Some insurance companies may exclude damage caused by a certain type of natural disaster such as flooding.

  • Collision coverage:

A liability policy does not cover damage when you are at fault, that’s where collision coverage comes in handy. This type of coverage offers protection when your vehicle is hit by another person or you have crashed. It can be utilized whether you are at fault or not.

  • Liability Coverage:

This type of coverage includes the following components: third party car insurance, property injury, and bodily damage. This coverage gives you protection when you are at fault in an accident and have caused any damage/injury to another property or person. This third party car insurance is compulsory – and your car can’t run on the road without it!

Generally, full coverage auto insurance is more expensive than regular insurance. Based on your needs you can make it affordable by customizing your auto insurance. Factors such as age, type of vehicle, location, driving record, and the policy you choose affect your insurance costs.

Full coverage insurance isn’t required by law, but many states make it necessary for car owners to have some coverage such as liability insurance. Full coverage is a worthwhile investment if a car is your main mode of transportation. Build a package that covers you well during unforeseen accidents. Be sure to compare insurance quotes with us and get the best rates for your full coverage auto insurance. To safeguard your car get the best quotes at Elephant.in.

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Ways to Receive a Cheap Insurance Policy for your Car
published on March 28, 2022

Bought your first vehicle? Congratulations! Before you hit the streets, make sure your car is protected by utilizing vehicle insurance. Purchasing new car insurance policy work wonders in safeguarding your asset. Whether you’re concerned about enduring the expenses of unintentional harm or property invoices for third-party property damage, auto insurance is the final savior.

There are loads of insurance products on the current market, all promising you a world of benefits and savings. Thus, it’s crucial to purchase a worthy insurance program. But, it’s also vital to pick out an inexpensive auto insurance program.

Here are a few ideas that can allow you to pick out the very best four-wheeler insurance without damaging your own pockets.

  1. Before buying a car, compare insurance prices

Afore buying car insurance, check the cost of it. Car insurance premiums are concerned in part with the car’s price, the expense to fix it, its overall safety record, and the chances of theft. Many insurance companies offer discounts for features that reduce the possibility of accidents or theft.

  1. Shop around

Costs Differ from firm to firm, so it wages to shop around; that’s why you must attempt to get at least 3 price quotes. It would be helpful for you to call companies directly or access car insurance online price. Your state insurance department may also offer judgments of charges charged by significant insurance businesses.

Get car insurance price quotes from different kinds of insurance businesses. Some sell through their representatives. These agencies have the same title as the insurance carrier. Some of them sell by independent agents who offer policies from several insurance firms. Others don’t use agents. They sell directly to customers over the telephone or through the Net.

  1. Always ask for greater deductibles

Deductibles are the term used for what you pay before your insurance coverage kicks in. By requesting higher deductibles, you can reduce your costs substantially. For example, raising your deductible from $200 to $500 could decrease your collision and comprehensive coverage cost by 15 to 30 per cent. Moving into a $1,000 deductible can save you 40% or more. Before choosing a high deductible, make sure you have enough money set aside to pay it if you have got a promise.

  1. Ask about group insurance

Some of the firms offer discounts to drivers who get insurance through a group plan from their employers through professional, business, alumni groups, or different institutions. You can ask your proprietor and inquire with groups or clubs you’re a member of to determine if this is possible.

  1. Maintain a Fantastic credit record

Forming a decent credit history is able to cut your insurance costs. Most insurance companies use credit information to price car insurance policies. Research demonstrates that individuals who effectively handle their credit have fewer promises. To guard your credit standing, pay your bills on time, do not get extra credit than you need, and retain your credit balances as much as possible. Check your credit report regularly and have any errors corrected promptly so that your record remains accurate.

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How Usage-Based Programs Can Lower Your Auto Insurance Premium
published on December 21, 2021

You may be finding yourself using your car a lot less, especially during the pandemic; it is because you are working from home, socializing less, and cooking at home. When it comes to your corporate auto insurance, you may wonder if you can save any money. It is because you are behind the wheel-less, here is where corporate auto insurance comes into play. This kind of policy bases rates around the telematics of your drive. You can save your money if you are the right driver of the program.

Things to know about usage-based auto insurance:

When you purchase car insurance, then regular car insurance premiums are estimations from the insurance companies about how you are using the car and other factors. Often, resulting in people paying premiums that are way off their estimates. By basing the compensation on how often the vehicle is used – the usage-based auto insurance works using mileage as a deciding factor. Ideally, insurance is calculated based on the actual usage of your car, and this can be a more structured and logical way of doing it.

Is usage-based auto insurance ideal for you?

Usage-based car insurance is gaining a lot of popularity. It is mainly because there seem to be many benefits for people. Furthermore, when you purchase car insurance, experts say that Usage-based car insurance is a much more modern form of insurance and embraces modern technologies that allow insurers to track their policyholders. To try and figure out how much insurance you are due to pay, companies can use a device plugged into the car or even an app on the phone.

The information collected will be used to work out and determine your bill, and it measures several things, including your mileage and how fast you drive, how hard you hit the brakes, where you go, and the times of day you drive.

When you get a car insurance quote, some professionals say there are many benefits to this coverage; drivers that opt for this coverage must be aware of the potential drawbacks. By doing this, insurers collect your data and come up with a premium specifically for you. The more your compensation goes up, the more you use the car or, the more reckless you are. You may be able to qualify for lower rates if you stay within safe ranges set by the insurance company.

Hence, when you get a car insurance quote, then you must know one thing that all car insurance policyholders are looking for ways to cut the cost of their insurance without sacrificing coverage. Thankfully, you don’t have to whittle down your coverage to just the basics, as there are a plethora of ways to save money. If you are keen to reduce your premium without giving up any coverage, you can also discuss discounts and deductibles with your insurance agent. To ensure you have optimum coverage for your needs, you need to take the time to review your auto insurance.

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How to choose the best Bike Insurance Policy
published on November 22, 2021

One of the most popular modes of transport on the Indian roads is two-wheelers. The two-wheeler riders are also exposed to high risks of accidental injuries and fatalities, but riding a two-wheeler can make it easier to breeze through the traffic. We consider numerous factors such as design, mileage, and price, among others, when buying a two-wheeler. Hence, owning two-wheeler insurance is highly recommended to enjoy the ride without any worry. The third-party insurance cover is obligatory, which gives you coverage against a third party’s financial liabilities.

It is advisable to purchase a standalone own-damage cover or a comprehensive insurance plan that will cover both aspects under a single premium in a hassle-free manner; hence, it is also advisable to think about the cost of own damages in a mishap.

Why should you buy two-wheeler insurance online?

Motor insurance is mandatory as per the Motor Vehicles Act 1988; riding a bike without insurance is an offence that’s punishable by law. As per law, only third-party insurance is mandatory, and people prefer buying a third-party cover to save on premiums. However, it is essential to understand that having an insufficient insurance cover is as good as having no insurance at all. Therefore, it is necessary to compare bike insurance online and buy an insurance policy that meets your requirements in the best way.

Tips to consider when it comes to buying two-wheeler insurance online:

You consider various factors like looks, mileage, cost, etc. Similarly, you should choose the right insurance cover for your two-wheeler by going through several aspects while buying a two-wheeler. As a comprehensive two-wheeler insurance cover provides an all-inclusive cover, it is advisable to prefer buying cover over third-party insurance.

Know your Coverage Requirement:

It is essential to make an assessment based on your requirement and budget before you start to look for insurance. Bike insurance is of two types depending upon coverage – third-party cover and comprehensive cover. Based on your two-wheeler usage, your expenditures, and other existing liabilities, choose a plan that offers the right range.

The Cubic Capacity of the Bike Decides your Premium:

When you are choosing insurance, be informed about your bike’s cubic capacity, as your bike’s cubic capacity decides the insurance premium that you will pay. If the cubic capacity of your two-wheeler is high, your premium will also be on the higher side under the motor vehicle insurance quote.

Understand Insurance Declared Value (ID):

Ideally, as per the motor vehicle insurance quote, ID is the current market value of a vehicle. ID is the maximum sum insured fixed at the time of purchasing a policy and is the amount that will be paid in case of total loss or theft of a two-wheeler. As a vehicle age, depreciation will increase, ID will decrease, and as a result, the premium will get lower year on year. Keep the above points in mind when buying insurance, and also ensure to renew your policy on time.

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Alliance Insurance Brokers Pvt. Ltd.
8th Floor, Gold Crest, 10th Road, Juhu, Vile Parle (W), Mumbai 400 049, India
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CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
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