Factors To Be Considered While Choosing A Motor Insurance

Besides getting the right coverage for your vehicle and yourself, it is equally important to get the right insurance company, the one who can process claims on time, be available to answer to your queries and does not cause you inconvenience in anyway. This implies that deciding your motor insurance provider is a decision not to be taken lightly. Although you can always end and take a new policy a year later or get the current one renewed, it is always a better idea to do your research well and go with the one that fulfils all your needs.

Here are some factors that you must consider before you decide on a particular insurer:

1.     Premium
Not many of us know this, but the smaller premium you pay, the lesser amount you can claim in case of any uncertain situation. There are some important features of an insurance policy that you should not miss out on, even if they cost you a little bit more in terms of premium.

2.     Essential riders
There are seven common motor insurance riders that you should consider including in the insurance plan. Some of which are:
·        Rental reimbursement rider : it covers the cost of renting a car when your own car is under repair
·        Road side assistance rider: it offers facilities like fuel refill, battery jumpstart. Replacement of lost key , legal advice and many more

3.     Reputation and financial status
Vehicle insurance is a two way process in which you pay for the coverage and your company provides you the coverage. So, you should make sure that your company can pay your damages when you need them to. So, check online reviews, ask friends and relatives and stay up to date with financial news to keep track of your motor insurance company’s financial reputation.

4.     Convenience
The company you opt for should have a well working and established digital presence which enables you to file your claims online.  A working mobile app is an added bonus, although most of the companies have well working mobile apps available that lets you renew your car insurance policy instantly. It also makes it easy to get your motor insurance plan online and you get a digitally signed policy that you can keep with you.


5.     Network of cashless garages
One of the worst part of getting into an accident is having to look for a garage that will repair your car without delay and efficiently. Add to it the cost of repairs and waiting for it to get reimbursed, this can make the while situation seem like a nightmare. Some reputed insurers now offer cashless garage facility where you can get your car serviced at one of the network garages under a cashless claim.
6.     Customer service
Besides getting yourself an insurance policy, it is also very important to know how responsive the customer care is to your questions or any issues that you may have. You can check this by visiting the insurer’s website and contact them through their social media channels or online contact forms to check how quickly they respond.


Adhering to these pointers is surely going to help you pick the right motor insurance policy. 
Location: Mumbai, Maharashtra, India

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