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Cheap Auto Insurance for Military Personnel

Auto Insurance Advice : Cheap Auto Insurance for Military Personnel
If you are in the military and you are thinking about buying car insurance I would strongly suggest with your own agent that you are currently dealing with. There are many carriers that they represent that are going to give you discounts just because you are in the military. My name is James. I'm an agent with The Resurgence Group. We're a full service insurance agency in St. Petersburg, Florida. So again when you are thinking about buying that car insurance and you currently are dealing with an agent, give them a call or you can call some of the carriers direct, mention that you are in the military and they'll see what it is that they can offer you as far as a discount. A lot of times it is going to be where you have certain deductibles and certain limits that you have to adhere to on a specific policy and that is how they are saving you money because they design a policy specific for the military so what I would suggest is give a call to your agent and let them do some research and they should be able to come back and give you different options as far as different carriers.

My name is James. I'm with The Resurgence Group and if we have a chance to help the military we would love to as well as I am sure your agent would. Let them go to work for you and get you the best possible policy for the least amount of money. .

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Top 10 Car Insurance Companies in the United States

Hello! Today I am telling you about Top 10 Car Insurance Companies in the United States Let's Start What are the simplest thanks to determining UN agency the highest dog is once it involves automobile insurance? Well, at the end of the day, there ar in all probability additional differing opinions than there are insurers. We�re not kidding. Just look at this list of insurance firms to urge however a style of what�s out there. If customer service is �your issue,� you may strive Amica, which has command onto the J.D. Power customer service award for over a decade currently. But action speaks louder than words�and �action� might be best delineate as putt your cash wherever your mouth is.

If that�s true, then we would like to seem at the highest ten automobile insurers by market share, which suggests that nothing over UN agency brings within the most premium greenbacks within the U.S. Since we pride ourselves on the �truth� here at TTAI, we tend to feel we ought to illustrate that the highest insurers for market share also are the highest advertising insurers within the U.S. Let�s face it; advertising works�why else would these insurers collectively pay over a BILLION greenbacks annually to tell you ways nice they're.

You don�t have to be during this industry too long to note however furiously a State Farm client can defend the integrity of their insurance company for no alternative reason than that they're most acquainted with that company � even supposing they'll haven't filed associate claim in twenty years of being a client. Almost any company can take your cash for twenty years while not truly benefiting you in any manner�and be extremely nice concerning it! Tip: Smaller, �Regional� insurers almost newer build it on any of the �Best� lists, as only �National� insurers sometimes take the stage. But there are some smaller, regional companies out there with the best client service within the business. Back to why you�re here in the first place. Let�s look at the list, which is knowledge from 2010 (latest available) from the Insurance info Institute (III). Don�t let the login info brings you down.

There probably won�t be too several changes on this list as time marches on. At no. 1. State Farm Mutual � as recently as 2009, State Farm controlled 18.11% of the U.S. car insurance market. Makes you wonder why they aren�t the foremost value effective insurance company. No wonder they�re asking you to do a �Discount control.� At no. 2. Allstate � coming in at ten.85%, Allstate is definitely one among the large dogs. Over 10% of the U.S. car insurance market permits Allstate to own a star endorser pitch their product twenty-four hours per day on each TV and station, along with each website on the net. And they�ve even got the Allstate Value set up currently for that UN agency can�t afford their traditional coverage! At no.

3. GEICO � that lizard is making a heap of money! Warren Buffet�s Berkshire wife (which operates as Geico) has been a competition for years, coming in with eight.64% of the U.S. market share for car insurance in 2009. Mr. Buffett loves the idea of the premium �float,� which is nothing additional than cash to be used for alternative investments. At no. 4. Progressive � with their amount of advertising you might have expected to listen to variety over seven. 83% of the market share. This insurer light-emitting diode the approach in the non-standard insurance market. They were the first company to mention, �It�s OK if you have some tickets and accidents.� Of course, this was the plan of obligatory insurance laws, which mandated that virtually everybody had to shop for insurance�even those folks UN agency wouldn�t unless it absolutely was the law. Progressive is leading the market with their Snapshot� technology. At no. 5. Zurich money Services � you would possibly be asking, �Who?� Here�s a tip. Zurich is Farmers Insurance. Now that you recognize this, it�s probably not a surprise to you that they �own� a vi.06% share of the market when it comes to insurance.

Just like it�s exhausting to know however Ford manufactures panther cars, insurance companies purchase and sell one another so as to realize market share and line their pockets. At no. 6. Liberty Mutual � This insurer purchased Safeco Insurance not too long gone, which helped them solidify spot variety six with a four.57% market share. They are in all probability best famed for his or her higher automobile Replacement commercials, which is a distinctive sort of new automobile replacement. At no. 7. USAA Insurance � we here at TTAI can bet you a shiny nickel that you had no concept that USAA isn't related with us government or the Department of Defense in any approach, shape or manner. They simply market to military service members to earn their four.39% market share. The advertising certainly works, as a family member of yours may have �earned� the proper to shop for insurance from this company for his or her service within the U.S. military�even if that �right� costs you additional for the same coverage than a unique insurance company. At no. 8. Nationwide Mutual � Nationwide comes in at 4.29% market share.

You might acknowledge them from those �hilarious� vanishing deductible tv commercials they run on TV perpetually. At no. 9. Travelers � did you know that Travelers sold the primary insurance policy within the U.S.? However, that fact might surprise you less than they're a pair of.14% the share of U.S. car insurance market. Truth is, they sell their product through independent insurance agents, so they don�t bank an excessive amount of on the multi-hundred-million dollar advertising budgets used by a number of the higher-ranking members on this list. They simply provide a smart product at an affordable value (i.e. they don�t spend a lot of your premium greenbacks on attracting new customers). At no. 10. American Family Mutual � you would possibly be the expression, �Who?� American Family is a Brobdingnagian player within the region of America (1.97% market share) once it comes to insurance coverage. There is a heap of individuals between big apple and l. a. that require insurance and American Family answers the decision. .

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Car Insurance: 5 Tips for Getting the Best Rate

Car Insurance: 5 Tips for Getting the Best Rate

Hello! I�m Ashley from EverQuote.com. Before we get started, don�t forget to subscribe. Today, we�re going to give you five tips for getting the best rate on your car insurance. There are ways for you to get a good, comprehensive auto insurance policy, while also paying a low rate for your coverage. 1. Keep Your Driving Record Clean Avoid speeding tickets or any other type of reckless driving infraction. And remember, no texting or talking while driving! The longer you keep your driving record clean, the better your insurance premium is likely to become. 2. Don�t Let Other People Drive Your Car.

By letting other people drive your vehicle, you increase the risk of an accident. Multiple drivers create more risk�and more risk raises the cost of car insurance. Ensure that you are the sole driver of your vehicle to keep your auto insurance premium lower. 3. Pay Your Auto Insurance Premium Annually. The way you pay your premium can actually affect how much you pay for your coverage. Your insurer will charge more administrative fees if you pay more frequently. A one-time annual payment is the way to go. 4. Don�t File Small Claims on Your Policy. Filing a lot of small claims against your policy will likely make your premium go up. Submitting claims that only exceed your policy�s deductible by a small amount doesn�t make sense. 5. Pay Your Bills On Time to Keep Your Credit Score High. Your credit score does impact your car insurance premium. Over the past several years, auto insurers have correlated your risk as a driver with your credit history.

In the eyes on an insurer, if you�re not responsible in paying your bills on time, you might not be a responsible driver. Therefore, it�s important to ensure that you keep bills paid on time�and that you stay out of bankruptcy�to keep your credit score high. If your credit score improves over time, your auto insurance premium could decrease. Don�t be afraid to get a new quote if your credit score has recently changed, you may be happily surprised by the result! Thanks for watching and head on over to EverQuote.com to see how much you could save. .

How to Compare Car Insurance Quotes

Car Insurance : How to Compare Car Insurance Quotes

You are thinking about buying car insurance so what do you do, there's many options. You can go to the internet, you can go see your agent, you can call a one eight hundred number but the bottom line is once you get the information and once you get the quote, how do you compare it to the competition. I would strongly suggest that you get things in paper, because a lot of times an agent or a customer service rep will say things and they truly mean it but unless you have it documented and you have it side by side, line item by line item you just don't know what it's going to cost.

There's many different types of limits such as bodily injury, property damage, uninsured motorist, all of these have a significant value on the bottom line premium when it comes to that quote. So sometimes you can see a premium that looks lower then the competition but it's probably because they've left something out. So you want to make sure that you at least have your basic coverages and you compare those basic coverages.

That would be your property damage, your bodily injury, your uninsured motorist, to name a few. And also your comp and collision if you have a car of substantial value. You could raise these limits and that's going to raise the premium or you could lower them the same with your comp and collision so again when you are comparing these quotes make sure that if you are at two fifty it's comparable to all of the different quotes as far as your comp and collision deductible. Again I'm James with the Resurgence group, I'm an insurance agent and when you are choosing different carriers and different quotes just make sure that it's apples to apples.

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Get Car Insurance Quotes for Teenagers

Are you a newly licensed teenage driver or do you have a newly licensed teenage driver who will be driving your car? If so, you know what the next step is don't you! You need to get insurance. I suggest that you get insurance quotes for teenagers online as soon as you can. Shopping online for teenage insurance is a very easy to do thing and you can get a lot of information very quickly and in the comfort of your own home. There's a link on this video that you can click. It'll take you to a website which will help you understand a little bit more about getting teenage -- getting insurance quotes for teenagers and will give you some great ideas for minimizing the cost. --- Getting insurance for teenagers is so quite a challenge and it's important and it must be done -- so you might as well do the best job you can with a with the least amount of effort.

Just click on the link and you'll be taken to a site which can help you.

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Car Insurance: Here�s What You Should Know

Car Insurance: Here�s What You Should Know. If you are the owner of a car, then a Car Insurance policy is a must to protect your vehicle from damage, theft and mishaps. Read on to know how a Car Insurance policy helps.

In simple terms, any damage to property, injury or death caused to any third party is covered under this. A comprehensive auto insurance safeguards your vehicle against most eventualities, including natural calamities, breakdowns, and can also protect components typically not covered by a standard insurance.

In this article, we discuss the need for a car insurance, and what should be considered before buying car insurance.

What All A Comprehensive Car Insurance Covers

Besides the third party insurance, a comprehensive policy can cover the following.

Protection from natural calamities: This covers things that are not in your control, natural disasters like earthquakes, floods, hurricanes, lightning, storms, cyclones, landslides and tsunamis.
Personal Accident Cover: This protects the insured in case of injury or death due to mishaps.It will secure your family�s future in case you suffer permanent or temporary disability or death in the eventuality of an accident.
Robbery or terrorist attacks: A comprehensive policy comes to your help when there is a terrorist attack, robbery or damages due to an accident.
Breakdown Assistance: The policy also comes to your aid when you have a breakdown in terms of flat tyre or fuel shortage. The on-road repair cover assists you with an access to the mechanic, towing of the vehicle and accidental repairs or replacements of tyre and tubes.
Lost Key/Lockout Assistance: This will assist you in case there is a loss of, or damages to, or the replacement of, the car�s keys, locks or alarm system.

Read Also How Car Insurance Work In India?

Things To Keep In Mind For A Strong Claim

Keep your vehicle always in a road-worthy condition with proper insurance-related documents.
If a person other than you is driving the car, ensure they have a driving license and are not driving under the influence of alcohol or drugs.
In case of an accident with a third party, ensure you take them to the hospital immediately.

Keep all the above in mind while going for a comprehensive car insurance and do compare offerings by different companies to grab the best deal.

Different Types of Car Insurance

There are two types of car insurance products � Third Party Insurance and Comprehensive Insurance.

As mentioned above, third party insurance is mandatory which covers the vehicle owner from legal liabilities caused by death or damage caused to a third party.

The second type is the Comprehensive Insurance Policy. This provides overall protection for any damages caused to your own self and your vehicle. Additionally, this also protects your vehicle against accidental fires, theft, or natural calamities.

Like any insurance product, you need to pay an Annual Premium to avail these benefits. Your car insurance premium is based on factors like the model of the car, purpose of the vehicle (personal or commercial), safety devices installed within the car, and the insurance zone, which is the area of your residence and location where your car is registered.

Read Also Things To Keep In Mind Before Buying Auto Insurance

What Is Typically Not Covered

Most car insurance policies don�t cover the following.

Aging, wear and tear, etc. of the vehicle
Depreciation
Electrical or mechanical breakdown
Damage to tyres and tubes. However, if the vehicle is damaged at the same time, the liability of the company will be limited to 50% of the replacement cost.
Damage caused by a person driving without a valid license.
Damage caused due to drunken driving or driving under the influence of drugs.

Loss/ damage caused by war, mutiny or nuclear risk.

How to Apply for a Driving Licence At The RTO (Offline mode)

How to Apply for a Driving Licence At The RTO (Offline mode):You have to take a driving test before you can get a driving licence. The test is designed to evaluate your driving skills and understanding of rules and signals. You must pass the test to get your driving licence.

Follow the steps given below to apply for a driving licence via the offline mode.

Obtain a Form 4, which is the application form for motor vehicle driving licence in India. The Form can be downloaded from the state transport website. Alternatively, the customer can also visit the nearest RTO to procure this form.
Completely fill the application form and submit it with other documents like age proof and address proof at the RTO in the jurisdiction in which you live. Next, schedule a slot tot ake your driving licence test and pay the fee for the same.
Once you clear the test, your driving licence will be handed on the spot or will be sent to your registered address.
If you are taking a driving lesson from a driving school, the school will help you apply for a licence.

Useful Tip: You can apply for a permanent driving licence after 30 days from the date of issuance of learners� licence. The application for a permanent driving licence must be filed within 180 days from the issue date of learners� licence.

Read Also All About Driving Licence In India

What To Do If Your Driving Licence is Lost?

You are not allowed to drive in the country without a driving licence. If you lose your driving licence, you will have to apply for a duplicate one.

Here�s the procedure:

Go to the police station that has jurisdiction over the area where you lost your driving licence.
Lodge a complaint and make sure that you get a copy of the First Information Report (FIR).
Visit the Notary Office to get an affidavit on a stamped paper. The affidavit will act as a proof that your licence is lost. You will have to pay a small fee for the notary service and the stamped paper.
Go to the RTO. Make sure that you take 3 passport-sized photos, a copy of the FIR and the affidavit with you.
Go to the enquiry counter at the RTO and collect the application form for a duplicate license.
Complete the application form and submit it at the driving license branch along with the other documents.
After this, you will have to go through the biometrics section. Here, your photo will be clicked and thumbprint will be taken.
Your duplicate driving licence will be delivered within the time period stated by the Asst. RTO officer. You will have to pay a certain amount of fee for the new DL Book or the Smart Card.

Once you get your new driving license, make a laminated copy of it. If you have a duplicate copy of your license, it will be easy for the RTO to track your details using your DL number.

Read Also Get A Car Loan For A Second Hand Car

Why Do You Need A Driving Licence In India?

Other than being allowed to legally drive around, holding a driving licence can serve many other purposes as well.

Personal Identification

Your driving licence works as ID proof among other documents like passports, PAN cards, Voter ID Cards, Aadhar Cards.

Gives You The Freedom To Commute At Your Own Terms

Commuting via public transport might not be everyone�s cup of tea. If you wish to purchase a car or motorbike to commute, you need to obtain a driving licence before you take it out on the roads.

Legal Requirement

If you wish to drive, in India or even abroad, you are required to hold a valid driving licence to do so.

Now you know all about getting a driver licence in India. So, apply for a Car Loan now and stop relying on public transport and cab services to get around the city.

All About Driving Licence In India

All About Driving Licence In India: It is important that every driver on the road is a pro when it comes to driving. Not only does this ensure safety, but also helps people avoid road accidents and prevent from creating unorganised traffic conditions. Or, at least, we hope it does.

This article will tell you all that you need to know driving licence and how to apply for one in India.

What Is A Driving Licence?

A driving licence is an official document issued by the Government of India permitting individuals to operate or drive cars, motorbikes, trucks, buses, etc., on public roads. It is issued by the Regional Transport Authority (RTA) or Regional Transport Office (RTO) of each state.

You must first hold a valid driving licence in India before you take your car, bike, or scooter on around. If you are learning how to drive then you must first apply for a learners� licence. It will act as a provisional licence. Once you learn how to drive, you must take a test before you get your driving licence.

Different Types Of Driving Licence

There are different types of driving licences available.

Learners� Licence

The first step to obtaining a Driving Licence in India is getting a learner�s licence. It acts as a provisional licence. You must have a good sense of road rules to get a learners� licence. In India, learners� licence is issued after a candidate passes a written or online test on road rules.

You will be allowed to practice driving on public roads after you get a learners� licence but you will have to be accompanied by a person who holds a permanent driving licence. You must obtain learners� licence for the right class of vehicle before you can get a driving licence.

Permanent Licence

You are eligible to receive a permanent driver�s licence after 30 days of receiving the learner�s licence.

International Driving Licence

If you are travelling abroad and I want to drive there, you have to apply for an international driver�s permit in India. The international driver�s permit is an official travel document that is authorised by the United Nations. It is issued to tourists travelling to foreign countries.

Read Also Get A Car Loan For A Second-Hand Car

Duplicate Driving Licence

Every driver in India needs to have a driving licence. You are not allowed to drive in the country without this document. If you lose your driving licence, you will have to apply for a duplicate at the earliest. More about how to apply for a duplicate driving licence later in the article.

Light Motor Vehicle Licence

This licence allows you to drive light motor vehicles such as autos, jeeps, taxis, delivery vans.

Heavy Motor Vehicle Licence

This licence is given to people who drive vehicles like buses, trucks, cranes etc.

Eligibility for Driving Licence in India

The eligibility for driving licence in India depends on the class of vehicle and the type of driving licence. The eligibility criteria for different permanent driving licence types in India are given below.

Now you know all about getting a driver licence in India. So, apply for a Car Loan now and stop relying on public transport and cab services to get around the city.

Drive With These Instant Car Loans

Drive With These Instant Car Loans: Looking to buy a car? Check out these hassle-free Car Loan offers with no paperwork that is sure to get your engine purring.
A Car Loan will help you turn that dream into a reality. Although most loans require you to submit a bunch of paperwork that makes these loans seem unattractive, there are a few Car Loans that require no paperwork � they�re instant! So, you no longer have to print documents or even stand in long queues at bank counters to submit these documents.

Here are a few paperless-approval Car Loan and Used Car Loan offers available:

HDFC Bank Car Loan

Getting a Car Loan from HDFC bank has many benefits.

Interest rates starting from 8.40% and can go up to 10.35%, fixed rate of interest
No guarantor required for this loan
Avail a top-up loan facility on it
Part-payment is available
Loan-to-value ratio (LTV) � 100% of the ex-showroom price of the vehicle

The processing fee can go up to Rs. 4,720 (one-time fee). The minimum loan amount you can avail is Rs. 1 lakh for a tenure of up to 7 years.

TVS Credit Used Car Loan

If a used car is on your mind and your monthly income is Rs. 15,000 or above, then you can apply for the TVS Credit Used Car Loan.

You need to be between the age of 21 and 65 to apply for this loan
You won�t need a guarantor for this loan
Top-up loan facility is available
Interest rate range � 13.1% to 15%, floating rate of interest
The pre-closure fee is applicable

The processing fee applied to this loan is Rs. 999 (plus applicable taxes). The minimum loan amount you can avail is Rs. 20,000 and the maximum loan amount is Rs. 10 lakhs. The repayment tenure is up to 5 years.

Read Also Types of Motor Insurance in India

HDFC Bank Used Car Loan

Another stunner from HDFC bank is its Used Car Loan that offers e-approval and part-payment facilities and requires no guarantor.

Interest rate range � 12% to 15.5%, fixed rate of interest
LTV � Up to 80% of the cost of the vehicle
Salaried individuals within the age group of 21 to 60 years are eligible
Self-employed individuals within the age group of 25 to 65 years can apply for this loan
Salaried folks must have at least 2 years of work experience with a minimum of 1 year at the current organisation
Self-employed folks must have completed at least 3 years in their current business establishment

That�s all for the instant approval Car Loan and Used Car Loan offers folks!

With so many offers on Car Loans available, it would certainly be a pity if you still take the bus or ride in an auto every day. Don�t hesitate. Hit the road in a new set of wheels.

Things To Keep In Mind Before Buying Auto Insurance

Things To Keep In Mind Before Buying Auto Insurance: Buying an automobile holds significance as you own it after spending a large chunk of your hard-earned money. It is, thus, an investment which you would help you cover the cost of repair and accident. Auto insurance is an integral part of owning a vehicle so make sure you carry out the necessary research before you zero in on a product. Insurance is largely picked on the basis of the size of the premium and also the cover it provides.

Here are a few things you must keep in mind before buying auto insurance:

Types of Insurance � There are two types of auto insurance policies. One being third-party insurance, which is compulsory in India and the other is a comprehensive insurance policy. The third-party insurance is typically provided by dealers and the premium is factored in the price of the vehicle.

The comprehensive insurance, on the other hand, takes care of third party liabilities, personal accidents, and thefts. Although the comprehensive policy is expensive compared to the compulsory third-party liability, it is worth every extra penny.

Add-ons � If you are purchasing insurance through an agent, there is a fair chance that he/ she would try to sell you additional coverage. Additional coverage would mean optimal protection if you purchase them based on your requirement.

Read Also We Should Buy Home Insurance Or Not?

For example, a depreciation waiver cover would allow you to claim the entire amount of auto parts to be replaced. So, do a review of the list of add-ons on the Car Insurance policy and pick ones that are beneficial to you.

No-Claim Bonus (NCB) � The No-Claim Bonus feature in auto insurance allows you a discount on a certain year�s premium if no claims were made in the previous year. The NCB rate offered is same for all the insurance providers. The discount for car and two-wheeler insurance policies can rise up to 50 percent.

If you continue with your policy without breaking it for years, the No-Claim Bonuses would get accumulated to attain a substantial size.

Voluntary Excess � This is the amount of money you would pay from your pocket without filing a claim. By choosing this option, you would be decreasing the premium amount by around 35%, as on the event of a claim, the insurer would not have to pay as much. The amount chosen as voluntary excess should not be more than the No-Claims Bonus sum that you are entitled to in the following year.

Research � Don�t give a dealer�s offer just because he is pushing too hard. Look at the products available in the market to find the best offers. You can compare products online with just a few clicks. Buying a policy online can help you save money.

Exclusions in Auto Insurance

Instances for which you cannot claim auto insurance include drunken driving or driving under the influence of drugs. Any deliberate loss or damage is not covered. Even if your car is insured, you could face challenges in getting your claim accepted if your car is driven by an uninsured person. Damage caused by war or nuclear attack is not covered by auto insurance. Regular wear and tear, and ageing of the car are also not covered.

Before zeroing in on a product, don�t forget to run your research or get your doubts clarified from auto insurance agents.

Best Car Insurance Plans In India

Best Car Insurance Plans In India: You have no choice but to get Car Insurance if you have a car. However, when it comes to buying Car Insurance, there are plenty of options.

What�s the cover?

As you know, insurance is a protection against financial loss that might arise from the happening of an unexpected event. A person can avail this protection by buying a policy and paying a premium for it to an insurance company. The primary purpose of Car Insurance is to provide financial protection to the policyholder against losses incurred due to any physical damages to their vehicle.

Losses and damages to your car under a Car Insurance policy may include:

Loss or damage to your vehicle due to natural calamities
Example: Fire, explosion, lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide etc.
Loss or damage to your vehicle due to man-made calamities
Example: Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway.
Personal accident cover
Coverage for the individual driver of the vehicle while travelling, mounting or dismounting from the car.
Third party legal liability
Protection against legal liability due to accidental damages resulting in the permanent injury or death of a person, and damage caused to the surrounding property. A Third Party Liability cover is mandatory in India under the Motor Vehicles Act.

A comprehensive Car Insurance policy is one which covers all of the above. With the vast number of Car Insurance plans available in the market, which one should you opt for? Here are some popular plans.

Read Also How Car Insurance Work In India?

Bharti Axa Car Insurance

Bharti Axa Car Insurance covers a 2,500+ network of cashless garages and has a 24/7 claim settlement service. This will help you get those claims settled quickly. The Claim Settlement Ratio (CSR) of this insurance company is 89.09%, which is quite high when compared to the average of 78% for the industry.

Bharti Axa has two covers. One is the basic cover and another is the basic plus roadside assistance cover. The basic cover will have third party liability cover, personal accident cover and cover against calamities.

The basic plus roadside assistance cover will include all the features under basic and will also provide services such as on-road repairs, towing services, change of tyres, emergency fuel and lost keys.

Bharti Axa also offers add-on covers such as depreciation cover. This cover lasts for 5 years. You also get a No Claim Bonus (NCB) of about 50% when you renew the policy.

National Insurance Car Insurance

Being a government enterprise, National Insurance does offer cashless garages and has a 24/7 roadside assistance and claim settlement service. The CSR of this insurance company is 84.16% and just like other insurers National Insurance provides third-party liability cover of up to Rs. 7.5 lakhs.

National Insurance has two covers. One is the liability-only cover and another is the package cover. The liability-only cover will ensure only against damages to a third party. It will not cover damages to your vehicle. The package cover will have third party liability cover, damages to your vehicle and damages due to calamities (natural or man-made). National Insurance will provide NCB but the discounts will be higher if you opt for higher voluntary excess.

HDFC ERGO Car Insurance

With HDFC ERGO you get a network of 5,000+ authorised cashless garages and 24/7 claim settlement service. This company has been assigned �iAAA�rating by ICRA indicating the highest claim paying ability. HDFC ERGO has a CSR of 89.43%, making it a popular choice.

HDFC ERGO has many plans to suit your requirements. These include the Silver plan, Gold plan, Platinum plan and Titanium plan. While all plans come with zero depreciation cover, the gold plan will give downtime protection. The platinum and titanium plans give customers engine and gearbox protection, and NCB protection. The Titanium plan will also cover the cost of consumables.

Royal Sundaram Car Insurance

Royal Sundaram provides you with 3,300+ cashless garages across India, a free roadside assistance kit and insurance cover that is equal to 100% of the invoice price. The company also provides 24/7 roadside assistance and towing assistance.

The CSR of this company is 82.78%. Royal Sundaram provides NCB to its customers. You can also get a 5% discount on Own Damage cover if you are a member of the Automobile Association of India.

Royal Sundaram provides both basic as well as roadside assistance cover. The basic cover will include cover for own damages, third-party liability and personal accident cover. If you opt for a voluntary deductible of Rs. 15,000, you will get a 35% discount on the premium for Own Damage cover.

How Car Insurance Work In India?

How Car Insurance Work In India? With the process of claiming Car Insurance getting better, it is now possible to get your vehicle repaired and ask the insurer to pay for it using your insurance policy. Here�s all you need to know.

The first thing you must do is to go through the insurance company�s preferred garages and get the repairs done at one of them. The insurance company will then pay for the repairs minus the items not covered under the policy, which will have to be paid by the owner of the vehicle, which is you. This is known as a cashless claim.

Types of Vehicle Insurances

There are two types of Vehicle Insurances � Comprehensive and Third Party

Comprehensive Insurance

As the name suggests, a comprehensive insurance plan helps ensure the vehicle against any risk arising out of theft or damage to the vehicle, death of the driver and/or passengers in the vehicle during an accident, and damage caused by the vehicle to other people or property.

Coverage with Comprehensive Insurance

Comprehensive Insurance ensures the vehicle against:

Natural calamities

E.g. Earthquakes, floods, typhoons etc.

Man-made calamities

E.g. Burglary, thefts, riots, strikes etc.

Personal accident cover

Provides personal accident cover for the individual owner-driver and passengers of the insured vehicle while travelling in, mounting, or dismounting from the vehicle.

Third Party Insurance

Third Party insurance only covers the damage done by your vehicle to other vehicle or property. It does not cover accidents, theft or damage to the vehicle.

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Coverage using Third Party Insurance

Third party legal liability coverage protects you against legal liability arising due to accidental damages, such as:

Any permanent injury/death of a person
Any damage caused to the property
Caused while anyone is driving the insured vehicle

Both kinds of insurance covers are valid for only a year. They need to be renewed every year. The premium of the insurance depends on certain parameters like vehicle classification, value etc.

Car Insurance Clauses

There are some clauses which are a part of your Car Insurance that you need to be aware of. You won�t be able to claim for any damages occurring to the insured vehicle because of:

Wear & tear or general ageing of the vehicle
Depreciation or any consequential loss
Mechanical/electrical breakdown
Wear and tear of consumables like tires and tubes
The insured vehicle being used for purposes other than mentioned in the limitations of usage in the insurance agreement
A vehicle being used outside the geographical boundaries of India
A person driving any vehicle without a valid license
A person driving the vehicle under the influence of drugs or liquor
Loss/damage encountered due to war, mutiny or nuclear risk

Claiming Insurance

In case you are involved in an accident or you accidentally bang your car somewhere which causes some damages to your vehicle, you can claim insurance.

To claim insurance, you need to:

Note the licence plate number of the other vehicle involved in the accident (if any)
Note names and contact numbers of witnesses (if any)
Call the insurance company and file a claim.
Make a note of the claim reference number given and the list of documents required for claim processing.
Check whether the insurance company has a preferred garage list and make a note of the same.
File an FIR at the nearest police station in case of property damage, bodily injury, theft, or major damages.
Submit the documents to the insurance company�s representative and verify it with the originals.
Make any additional payments required to the garage if the insurance company does not cover the complete repair expenses.

Advantages Of Cashless Claims

Responsibility lies with the insurance company
The surveyor would take the car to the garage, get it repaired and return it back to the owner
The company� garage network is generally reliable
The service provided by them is much better than any other local garage

Disadvantages Of Cashless Claims

A lot of formalities need to be followed before any action is taken
Often, the preparations are delayed since the surveyor may do the complete inspection before taking any decisions
The garage, which the insurance company chooses might be expensive and since the owner has to pay some percentage of the expenses, he may end up shelling out more money than estimated.

Advantages Of Reimbursement Claims

You can get your car repaired at your preferred garage by your trustworthy mechanic
Immediate action can be taken just after the inspection
The expenses may be within your budget
You may also get to repair other parts of the vehicle which were not damaged at the time of an accident, if required

Disadvantages Of Reimbursement Claims

Responsibility is entirely yours
Repairs done by local garages may not be dependable

Now that you know all the necessary details about Car Insurance plans, it�s time to secure the car of your dreams using the cover it deserves.