May 31, 2023

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How To Cut Down On Car Insurance Premiums Without Sacrificing Coverage?

Car insurance is sometimes viewed as an unnecessary expense. Contrary to popular assumption, purchasing bajaj allianz car insurance coverage is one of the wisest moves you can make for the upkeep of your car. 

Simple ways to lower the cost of your car insurance 

Just following a few simple guidelines will help you lower your vehicle insurance prices. Here are easy ways to reduce the cost of your car insurance without sacrificing coverage: 

  • Choose third-party coverage for older vehicles

Either comprehensive or third-party car insurance coverage is available for car insurance. While comprehensive insurance also covers the cost of fixing the damages the car has experienced, third-party insurance only covers the third-party obligations of the car owner. Comprehensive insurance costs more for car insurance than third-party insurance due to the wider coverage it provides. Hence, by choosing third-party insurance, you can lower your entire car insurance price. ##

  • Add anti-theft devices to your vehicle 

The liability that a car poses to the motor insurance business is used to calculate how much a car insurance policy will cost. The cost of car insurance will increase as the liability level increases. But, by putting anti-theft equipment in your vehicle, you can reduce the cost of your car insurance. The likelihood of your car being stolen is decreased by devices like steering locks, anti-theft alarms, and gear locks, among others. 

  • Avoid making unnecessary car changes 

To improve their features, many people modify their vehicles. With the addition of amenities, the car’s worth rises as well, increasing insurance coverage. A greater insurance premium is required for broader car insurance coverage. As a result, even the finest car insurance policy carries a higher premium from the insurance company. 

  • Compare the cost of car insurance 

Great car insurance policies are provided by a number of motor insurance providers in India, like bajaj allianz car insurance. Considering that they all provide amazing coverage at affordable rates, picking the best car insurance can be very challenging.

You must evaluate car insurance provided by several motor insurers based on policy coverage, perks, premium cost, and service supplied in order to choose the best insurance policy for your four-wheeler. You can select your best car insurance plan with the comparison and save a lot of money. A car insurance calculator is a tool you may use online to determine the amount of coverage required based on your needs.

  • An increase in voluntary deductions 

Deductibles are a feature of almost all car insurance coverage. It is the portion of the claim sum that the car owner consents to pay in the event that a claim is made due to damages to his or her vehicle. You lessen the responsibility of your motor insurer by agreeing to pay a portion of the claim amount. Because of this, the motor insurer provides car insurance at a lesser cost. You can increase your optional deductibles to further lower your car insurance price. * ##

  • Prevent Extraneous Add-Ons 

You have the choice to add add-on coverage to your comprehensive car insurance policy if you so want. When you pay a higher price, add-on covers are designed to expand the coverage of your car insurance policy. For instance, garage cash, tyre and engine protection, zero depreciation coverage, etc. Inevitably, your prices will increase when you buy additional add-on coverage to your car insurance policy. Consequently, you must remove add-on coverage that you don’t actually need if you want to lower your car insurance cost. For instance, purchasing a tyre protection cover for an old car is pointless because the tyres may already be worn out. *

* Standard T&C Apply

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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