Car Insurance Policy Comparison : 6 Tips For Car Insurance Comparison To Make Better Decision

6 Tips to Compare Vehicle Insurance Policy

1. Check the IDV

The IDV or insured declared value of a policy is one of the core parameters that decide the policy premium. If the car is beyond any repair or is stolen, the insurer will pay you the IDV of the car. As you compare car insurance policy, do not forget to look at the IDV of the car. As a policyholder, you can change the IDV and see how that impacts the policy premiums.

2. Compare Premiums

Compare vehicle insurance online to buy a policy that fits into your budget. Given the sheer number of insurers offering policies, it is very difficult to get the most affordable policy without comparison. As you compare car insurance policy, do not forget to look at the premiums versus their policy coverage. As opposed to only looking at the policy premiums. This will ensure that the policy not only keeps your wallet happy but also your mind at peace.

3. Add-Ons for Better Coverage

An out-of-the-box car insurance policy might suffice for a lot of car owners, but not for all. This is where the add-ons come into the picture. They enhance your policy’s capabilities by a considerable margin without you having to shell out a bomb for the same. When you compare car insurance online, you will come across commonly opted-for add-ons such as zero depreciation cover, NCB protection cover, emergency roadside assistance, etc.

4. Discounts on Offer

Another excellent perk of comparing policies is that you can compare the discounts that insurers are offering and make an informed decision. If you want to make the most of the deal, look for a policy offering a higher discount percentage.

5. Network Garage List

Insurers usually have a list of garages where you can claim cashless benefits and hassle-free normal claims as well. A quick look at these lists when you compare car insurance policy can be quite helpful.

6. Pay Per Use

Insurers now let you opt for policies for the number of kilometers that you drive and not a blanket premium. This can help you save a few bucks while renewing your insurance.

As you get into the habit of comparing insurance policies, you slowly discover the various benefits of doing the same. And the most prominent one being, compare insurance policy so that you can take a more informed decision.