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Things You Must Consider While Buying Car Insurance For A Used Car

by Sahil Doshi

posted in Insurance

Syndicate This Article
A car is a basic necessity in today's world. It makes commuting smoother and convenient. But not everyone in the society can afford to purchase a new car, instead they buy a used car to fulfill their needs. If you are among those who want to purchase a car insurance for your used car, here are a few factors that you must keep in mind to get the best policy as per your need:
  • Access your insurance needs: You can buy a standard insurance or a policy that offers the maximum coverage in all cases. When deciding on the best policy, consider the make and model of your car, how frequently you would use it and how much it is worth. If you purchase a comprehensive policy that covers your vehicle in every damage, you will certainly have to pay higher premiums, and if you plan to save your money on insurance, you will get less coverage. Therefore, it is advised to determine your need first and then buy a policy that equally matches with your preference, and of course, the budget.

  • Check insurance quotes: Once you are clear about the type of coverage you want, get insurance quotes online. Get at least three for the specific vehicle you need coverage over. Be sure to compare quotes of similar policies that offer equal coverage. You may also visit several reputed insurance companies in person to ask for any discount you may be eligible for. While checking the quotes online, you must include all the members of the family who will drive the car on your insurance quotes. The driving records of the people on your insurance will affect your rates, so if you leave people off for the quote, it may harm you in the long run.

  • Make a purchase: After checking the quotes online, you can buy the policy that seem appropriate for your needs. You can either choose to pay the premiums every six months or fix your monthly installments. You must also print the copy of your insurance and keep it in your car in case you need it when to met with an accident or are pulled over.

  • Switch insurance companies every few years: You can also save big on your car insurance if you switch the insurance company after two to three years. You must not switch too often as the insurer may ask how long you've been associated with your current insurance company at the time of purchase. While switching companies, do consider your needs, if they are changing. For example if you have kids now, who were not there in your early policy purchase, you must increase the liability limits then in your policy or add other features to get maximum benefit out of it. Don't forget to ask the new company for the discounts. The maximum years who have been with your old company and your safe driving record will fetch you good discounts. At least once a year you must check whether you are eligible for the good driver and loyalty discounts.

  • About the Author: You may contact HDFC ERGO General Insurance Co. Ltd. for used car insurance at 1800-2700-700. You can also visit their mobile site at https://m.hdfcergo.com/insurance/CarInsurance or desktop site at https://www.hdfcergo.com/motor-insurance/private-car-insurance.html

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