What Is Car Insurance and How to Avail the Best Car Insurance in India?

Car insurance is a legal obligation in India. As stated by the Motor Vehicles Act 1988, all the owners of vehicles have to have insurance. Car insurance is a lawful agreement between the owner of a car and a car insurance company, which in exchange of a premium takes up legal responsible for paying or compensating the expenses of any damage or loss suffered by the vehicle insured.

There are two types of car insurance plans to choose from:

• Third party legal liability car insurance policy which is mandatory for all cars
• Comprehensive car insurance plan which is optional and costs a bit higher.

Car insurance policy covers a range of risks such as third party legal liabilities including third party property damage and injury, own damage. Damage to the vehicle from different manmade calamities such as theft, strike, riot, vandalism, fire etc is covered under auto insurance policy. Any loss or damage to the vehicles from a various natural calamities such as earthquake, flood, self-ignition or lightning, storm etc. is also covered under a car insurance policy.

The premium of car insurance is determined upon the Insured Declared Value (IDV) of the vehicle, registration zone of and cubic capacity of the vehicle. In order to enjoy the benefits of a car insurance policy, you will have to pay pre specified premium.

To avail the best car insurance online India, the most important factor that you must take into consideration is to compare car insurance policies available from different insurers,

Why to Compare Car Insurance Online?

Since all of us want to procure the best car insurance policy at the lowest premium and with widespread coverage, we must give special importance to the online comparison of motor insurance policies.

Sometimes you end up paying too much for the specific type of coverage that you don’t really require for your vehicle. Sometimes when you buy car insurance online you don’t really have the clear idea of how much coverage you actually need and therefore, end up buying less or more. Both circumstances cause you to regret at the time of claims.

For these reasons, you must make a proper research of the vehicle insurance company from where you are buying insurance and at the same time check their track record. Plus, you will also need to see which insurer offer maximum coverage at the lowest premium.

There are a number of car insurance providers in the Indian market and comparing them one by one door-to-door would take you lifetime. This is why the best way to do this is visit an easy and free insurance comparison portal such as GIBL.IN, from where you can easily and effectively compare various car insurance policies instantaneously. You will be able to see the coverage and premium of different insurers. With this technique you will be able to chalk out the best car insurance policy as per your requirement and budget. This is why car comparing car insurance online is very much important in terms of buying the best motor insurance policy.