5 Common Car Insurance Policy Mistakes to Avoid

We all want to live life with comfort. That’s why we seek happiness in buying materialistic things like having a secure job, owning a house...

We all want to live life with comfort. That’s why we seek happiness in buying materialistic things like having a secure job, owning a house, and having a car. Yes, having a car has become a need. Before buying a car, there is a need for proper research to be done regarding budget, brand, model, and many other things. Purchasing car insurance is one such thing that also needs to be considered.

Car insurance is not a luxury but a necessity for safety purposes. Also, it is mandatory in most countries to have motor insurance to cover third party damage. People often get confused while choosing a car insurance plan, and because of confusion, the chances of mistakes tend to hike. So, try to keep these given points in your mind to avoid mistakes while buying anonymous car insurance.

5 Common Car Insurance Policy Mistakes to Avoid

1. False declaration

Customers should be honest while providing the information regarding the details of the vehicle like the actual use of the car, type of fuel used, driving history, or any other detail. If you do not provide the correct information about your vehicle in order to retain a low premium, the insurer may cancel the policy plan on discovering the exact facts.

2. Forgetting to compare

Nowadays, the world has become tech-savvy. We search and compare every single on the internet before purchasing it. So, we should also do the same thing before buying car insurance. We should not buy the first policy plan, which we find while searching. Also, try to avoid the policy plan your car dealer may offer while purchasing the car. Don’t fall in the trap of a car dealer. You may end up having a high premium policy plan. Hence, always do proper research and comparison before purchasing car insurance.

3. Not fill your form yourself

Customers should always fill their proposals form themselves. Also, before filling it, read the policy brochure thoroughly. Read all the terms and conditions carefully. While filling the form, don’t leave any column blank. Write ‘N/A’ or ‘Not applicable’ in the column if any condition doesn’t apply.

4. Being unaware of types of insurance

Basically, there are two categories of the insurance plan for vehicles:

1. Third-party liability car insurance plan
2. Comprehensive car insurance plan

While purchasing car insurance, you can opt for any as per your wish. But it is better to seek the second one as it covers all types of damages caused to your own car, including the third party losses. It can be further extended by opting add-ons such as zero depreciation cover etc.

5. Mistrusting online car insurance

There is nothing bad about buying car insurance online. Many insurance companies offer policies at lower costs when purchased online because it eliminates the involvement of an agent. It is good to look for discounts or offers that bring down the cost of insurance without affecting the coverage. It is quite convenient to purchase car insurance online.

The online purchase allows us to get a better deal as compared to buying it offline. The comparison and research work becomes easy to do. Online car insurance comes with plenty of benefits to enjoy, such as zero paperwork, online payment, payment remainders, easy claim procedure, and many more.