When to insure new cars?
A new car has to be insured as soon as it is purchased and before its driven out of the showroom.
According to an update to the Indian Motor Vehicles Act, 1988 you have to insure new cars compulsorily with a third-party (TP) liability coverage for either three or five years. Own damage (OD) cover can be purchased along with the TP cover, making your policy ‘comprehensive insurance’.
Insurance is sold at dealer’s showrooms and can also be availed online through insurer or insurance broking websites. Though you can and should purchase insurance instantly, it is a good practise to research on insurance policies before you make a purchase of a car.
A few factor’s if looked out for, can avail you a stress-free claim process. There are just 2 factors that affect the experience of a policy holder:
- Network garages - Network garages of your insurer are supposed to be in areas easily accessible to you.
- Riders - Also known as add-ons these help you get the best deal from your insurance policy in case of any damage or theft to your vehicle.
You can easily compare and buy car insurance prices with OneInsure. For more information, get in touch with us at support@oneinsure.com or give a call on 8655986559.
