subject: Things Not To Do When Buying Car Insurance [print this page] A vehicle insurance policy is an important cover to invest in for every car owner. This is why the competition in the market is so fierce. The ample choice consumers have today amongst the vying providers is enough to confuse them to buy car insurance that does not completely meet their needs. As there are several things you need to do when deciding on a motor insurance, there are a few things that you should not do. Heres the list
Dont be extremely price conscious
Your car is a priced possession of yours. So spending a few extra rupees on keeping it secured should not pinch you as much. But at the same time, dont go overboard with your budget. When shopping for a motor insurance policy make sure that you do not make a choice by price alone. Judge the product on the basis of the coverage and benefits provided. Compare various plans for aspects like coverage, speed of claim settlement, benefits and cost. It is possible you may come across plans that are within your budget and meet all your requirements. But opting for a cheap plan may not cover all your needs.
Dont wait for discounts, ask for them
As motor insurance is a highly competitive industry, it is normal to expect discounts on the policies in the market. In case you dont see any kind of discounts being displayed, inquire about them. You will surely get some or the other product with a good deal. Also, applying for the policy online can fetch you some really exciting deals. This facility is hassle-free and involves a no documentation process.
Sticking to one provider, is not the best policy
Many consumers tend to stick with a consumer for a long time. While this may lead you to get some benefits, how do you know that you are getting the most of your money? Therefore, always consider shopping around. Get multiple quotes around the time you need to renew your policy. Many insurers let you carry your benefits into your new account when you buy car insurance policy from them. This lets you to keep the benefit accrued in the previous policy.
Dont follow advice blindly
It is a habit with many consumers to shop for policies on the basis of advice from friends, relatives, acquaintance etc. While taking an advice poses no harm, you must ensure that you should not buy car insurance just to please a friend or relative. Compare the offerings of the policy with your requirements and only then settle for a plan.
These are a few things you should refrain from doing when buying car insurance plans. Read through policies and reviews to make an informed decision.
by: Wooledge Newton
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