Working of Car Insurance When you Buy a New Car

Usually, people know that a car insurance policy is needed once you buy a new or second-hand car. But many times due to the excitement of purchasing a car, you may miss out on minute details of insurance and welcome financial problems as soon as you drive off the lot. Keeping in mind the major details people miss out we have written this article.

How to Insure a New Car?

You can get your car insurance from either online or offline variants. Companies that offer offline insurance policies also offer online plans. The catch with offline plans is that agent commissions are added to the premiums and thus they tend to be costlier than the same plan bought online. 

Wondering where should you buy new car insurance policy from? To make this process easier, let us assist you. Here is the get quote page for the best car insurance plans available online.

How Long Do I Have to Insure My New Car?

In India, you need to have a car insurance policy before you drive off in your new car. 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.

Why Should I Buy New Car Insurance Online?

The advantages of buying a car insurance policy online are as follows:

• Compare coverage and premiums of all the car insurance companies at one place and get the best premium rates for your car
• Opt for add-ons and avail additional protection with your insurance policy
• Compare discounts offered by different insurers and buy the policy from an insurer that offers the best deal
• The process of getting and comparing policy online is transparent so you get a crystal clear picture of the policies without any biases
• One can get reviews of the policy and insurer or the broker from other policyholders’ experiences.

Can I Change My Old Car Insurance Company to a New Car Insurance Company?

Yes, you can change your car insurance company. In fact, it is advised to switch car insurance company after every 2 or 3 years because switching insurers can help you save 5 to 50% on your premiums provided you do proper research and comparison before you buy.

Been wondering how to change car insurance to new car insurance company or how to switch car insurance to new car insurance company? Don’t worry, the following is the list of documents you need to share with the new insurance company to start the process:

• Previous policy details
• Registration Certificate (RC)
• Claim status
• NCB certificate, if required

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.