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In India, a car is considered as one of the most valuable assets that one can own in life. It does not matter whether the car is a brand new car or a second-hand car, the feeling of owning a car is incomparable. However, it is important to secure your car and the best way to do it is by purchasing a car insurance for used car. The insurance market is full of companies that provide car insurance for a used car as well as for a new car.

Tips Related to Car Insurance when Buying a Used Car

When buying a used car it is very important to check if the former owner has valid car insurance policy. If the former owner has a valid car insurance, you can transfer the insurance policy on to your name. This process is very easy and trouble-free since you need not to research and buy a new car insurance policy.

When to Get Insurance when Buying a Used Car?

In India, it is mandatory to car insurance. Therefore, as soon as you buy a new car you must have the car insured. Note that the Supreme Court, on July 20, 2018, ordered that third-party insurance cover for new cars have to be compulsorily taken for a period of a minimum of three years. This has been enforced from September 1, 2018.

How to Buy Insurance for a Used Car?

There are two ways to buy insurance for a used car. They are as follows:

  • Option 1 is to get the policy from the former car owner transferred in your name by getting the registration certificate transferred in your name. Once this is done you have to get the RC transferred from the RTO. The process may take some time but you can avail free services from OneInsure and finish your work fast and easily.
  • Option 2 is to get a new car insurance policy from a new car insurance company of your choice. You can compare and buy the best car insurance policies online at OneInsure and get good insurance coverage when buying a used car insurance.

 

For any further assistance or queries regarding car insurance, feel free to reach out to us at support@oneinsure.com or 86559–86559. We have a team of experts to dispense unbiased advice to help you select the most suitable plan for your prized possession.

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