Premiums of Online Car Insurance

Premiums of Online Car Insurance

Car insurance policy is a mandatory aspect if you have your own car and it can save you and your vehicle from consequences of accidental damage and third party liabilities. Premium of an insurance policy is another important criteria which you need to think about while buying an insurance.

There is absolutely no doubt that car insurance is a must for a vehicle owner. It not only protects your car from unfortunate damage or disaster, but it protects you from the high expenditure. The premium cost depends from car to car and owner to owner. Some of the important factors of paying your car premium area are:

  • Vehicle Model Type
  • Location of the Car
  • Types of coverage
  • IDV or Insured Declared Value
  • Safety measures
  • Discounts and NCB
  • Ad-on coverage
  • Personal accident coverage / co-passengers

 Discounts for Premium for Car Insurance Bought Online

There is hardly a household without vehicle these days and in this tough road condition it is always a good idea to have a vehicle as well as a good insurance coverage. Nowadays the online insurance purchase, renew and premium paying is so easy and safe that you can do it anytime and anywhere. Also, you can get additional discounts on premium of your car insurance. You can try some of the options to reduce your premium and make it more affordable, you can do it easily by online process:

No claim bonus

You can easily accumulate on-claimed bonus if you do not claim for consecutive years. It can save you 50% at a discounted rate and thus you make huge savings.

Increase the deductible wisely

If you choose the higher voluntary deductible value during your policy renewal, your premium decreases by a fair percentage. Always increase your deductible as much as you can afford. You might lose …