What is a good car insurance company in India?

 

If you ask me, a new car should be given maximum protection. So you should just forget about third-party plans as they do not offer coverage for damages occurring to your vehicle. They provide the minimum cover required as per the law - this means that you are driving your car legally but without any real protection.

Get a comprehensive plan.

These are probably the best car insurance plans for a new car. They will cover your vehicle from damage/total loss due to accidents, floods, natural/man-made calamities, theft, etc. Such plans will give you more protection from the perils of the road and ensure you can drive your car with complete peace of mind.

Get the right add-ons.

You can also give your new car higher levels of protection by including add-ons to your policy. Some of the best add-ons for a new car include the following:

Bumper to Bumper Cover: Every insurance policy will provide cover after considering the rate of depreciation on your car. This means that, in case of a claim, the insurance company will only provide the depreciated value of your car’s parts. This means you will have to contribute a certain amount to cover the repairs of your car. However, with bumper to bumper cover, the insurance company will not factor in depreciation, thereby providing the full cost of parts.

Return to invoice: In case of a total loss of your vehicle, a normal car insurance policy will only offer the IDV of your vehicle. If you do not have bumper to bumper cover, it will also take depreciation into consideration when providing compensation. However, if you opt for the return to invoice cover, you will get the on-road price you paid for your car.

In conclusions, I suggest you get a comprehensive plan and include the right add-ons to provide the best protection for your new car. Hope this has been helpful, congrats on your new car and drive safe!