Car insurance is an essential requirement. And it is mandatory by law too, as per the Motor Vehicles Act 1988. The numbers of vehicles on road have gone considerably high throughout the past few decades. India is a country of diversity as well as uncertainties. You can witness more motor vehicles in the street than pedestrians nowadays. The conditions of the metropolitan cities are even worse.
With the rising numbers of cars in the street have risen the numbers of accidents as well. On average, approximately 400 deaths per day are witnessed from a vehicle accident while over 1200 road crashes occur every day in India. All these statistics certainly call for robust safety measures to keep the life of yours as well as your family protected against any unforeseen vehicle accident.
Apart from that, an accident of your vehicle can cause you a hefty amount for the repairing or the replacement. A comprehensive car insurance policy, therefore, is highly recommended to have the ultimate level of security as well as peace of mind in the course of your car ride. Everyone wants to have the best car insurance policy for themselves, and there isn’t anything wrong with this.
It’s our right to have the best policy since we are putting our hard-earned money into the protection of our vehicle. Still, a big chunk of the motor owners only goes for the compulsory third-party motor insurance policy. They don’t go for the comprehensive auto insurance plan; and this decision could be, in turn, a blunder in case of an accident or serious injury or damage due to an accident.
However, you will have to keep a few things in mind if you want to avail the best car insurance policy in India at the lowest price with extensive coverage.
01. Car Insurance is an official contract between a car insurance company and a vehicle owner. The objective of auto insurance is to protect you and your vehicle from various unforeseen circumstances such as accidental damages, collision, accidental death, loss or theft of your vehicle, etc.
