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Car insurance is a vital aspect of car ownership. If you have a car, you must have car insurance. But do you know that you can change your insurer if you are not happy with your current insurance company?
Road emergencies are unforeseen and no one can predict them. Insuring your car against road emergencies is crucial. Moreover, the third-party liability car insurance being a mandatory feature of India’s Motor rules, having a car insurance is unavoidable. Thus, everyone with a car buys insurance without fail. However, there might be instances that you bought a car insurance policy and later realized that you are not happy with the insurer and want to switch. So, what options do you have in that case? Can you change the car insurance company? If so, what are the pros and cons of changing your current car insurance company? Let us find out the answers to all such questions in this blog.
Since car insurance is an obligatory thing that a car owner must have, it is better for every car owner to search for the best car insurance companies. Thus, they can ensure to get the most affordable and value for money car insurance policy to suit their requirements completely.
4 reasons why you could look for switching your insurer to the best car insurance in India:
A 30-day notice period before cancelling the policy is required to be given to your insurer in case you intend to switch to a new insurer. Your current insurer might try to retain you by offering a lucrative deal like lowering your car insurance price during this time and to make you change your decision.
It depends on when exactly you are planning to switch. If you are switching the insurer in the middle of the policy term, you may have to pay the reimbursement of your premium on pro-rata. However, if you are taking your time and switching your policy at the time of plan renewal, you do not required to pay anything to your insurance company.
Read More: Easy Steps to Switch Car Insurance Plan
Here are some cons you may like to know before planning to switch your car insurance policy:
Switching your car insurance company has both advantages as well as disadvantages. It is essential for everyone planning to switch his/her car insurer to keep a note of both the aspects before strategizing the move.
There are numerous car insurance companies offering several policies. Hence, it is always recommended to check car insurance online and look for various options available. You must compare plans to ensure that you buy the best and most suitable policy for your car. Here you can use a car insurance calculator to calculate the premium you need to pay for different policies.
However, don’t keep your car uninsured while you search for the best offer. Make sure to insure your car as soon as you purchase it. If not insured, you might be levied with fines by traffic police for driving an uninsured car.
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