Factors To Keep On List When You Compare Car Insurance Online


3 min read

Updated on Aug 08, 2023

There are several parameters where one would like their country to ace the lists, road accidents not being one of them. India ranks 1st among 199 countries as far as deaths due to road accidents are concerned, followed by China and the USA. The data provided by the World Road Statistics only affirms the belief that most Indian drivers have, that it is not very safe to drive around in the country.

However, this does not imply that one should not drive. With adequate safety measures, adhering to traffic rules, and a car insurance policy, one can drive around without worrying much about the statistics. And strict rules and amendments to traffic laws have seen a reduction in the number of accidents on the road.

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This is one of the major reasons why one should have a car insurance policy. Also, a valid policy will keep you away from any hefty fines being imposed by the traffic police.

Here are some of the factors that you need to be aware of when you compare car insurance online and they are applicable for a new policy or renewals.

Top 4 factors Compare Car Insurance Online

1. IDV

The insured declared value of a car plays an instrumental role in deciding the policy premiums. A higher IDV fetches a higher policy premium and vice versa. When you compare insurance online, make sure you look at the IDV that each insurer is offering before even looking at the insurance premiums.

As you compare car insurance online, you have the option to change the IDV and see how that impacts the premiums. One must be mindful of not reducing the IDV to the lowest, as it can have detrimental effects.

2. Policy Premium

When you compare car insurance policy online, you get quotes from different insurers. You can utilize this to pick a policy with affordable premiums. It is recommended to look at the features being offered versus the policy premiums, rather than looking only at the premiums.

3. Add-Ons

An add-on to your car insurance policy enhances its capabilities. It is not mandatory to buy add-ons for your car insurance policy. However, for certain circumstances, it might just make a lot of sense. Some commonly opted for add-ons include zero depreciation cover, emergency roadside assistance, engine protection cover, NCB protection cover, etc. This is another factor to consider when you compare car insurance policy online. Insurers offer different quotes for different add-ons and some might even offer some unique add-ons.

4. Garages Part of the Network

A garage that is a part of the network of an insurer enables a smoother experience and lets you exercise cashless claims. As you compare car insurance policy online, make it a point to look for garages near your house.

Irrespective of the type of policy, it is a good habit to compare insurance online as it lets you have the best policy for the price. Compare insurance online to get not only the most affordable policy but also the best package.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.



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Jul 14, 2021
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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