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5 Most Common Mistakes to Avoid While Buying Car Insurance


Determining the right insurance involves numerous dos but the following are some of the standard don’ts that should be kept in mind while buying car insurance.

I. Looking for minimum premium amount:

The cheapest insurance policy might not be the best or the most suitable one for you. To find the right policy for you, make sure to do a like to like comparison on the following points

  1. Same type and amount of cover for damage to the car
  2. Insured Declared Value (IDV) of the car
  3. Add-on covers that the company offers to make your car insurance more comprehensive
  4. Personal accident cover for the injured
  5. Cover for injuries to the third parties

II. Not reading your policy document:

Many of us receive the policy document and never read it. This is a big mistake. It is imperative to check the document and ensure none of the details are wrong:

  1. Policy Holder’s Name and Contact Details
  2. Vehicle Number
  3. Engine and Chassis Number
  4. Insured Declared Value (IDV) of your car
  5. No Claim Bonus %
  6. Features of the policy  
  7. Term of the policy
  8. Other details of your car such as make and model

III. Not choosing the right insurance company:

Most of the users don’t realise that choosing the right insurance company is of utmost importance. Look for these 4 parameters before you buy the insurance:

  1. Cashless Garage Network: In this, your insurance company has a network of garages all over India where you may get your vehicle fixed without having to pay cash.
  2. Claim Settlement Ratio: It tells you how many claims, out of the total claims made, were settled.
  3. Digital Presence: An insurance company with a digital presence makes researching for policies and filing claims easier. It also gives you easy access to terms and policy rules
  4. Customer Service: A company with good client servicing is easily accessible and listens to your problems. It’s important that your insurer resolves your problems promptly.

IV. Not choosing right add-ons for the car:

Always consider and choose the car insurance add-on covers suitable for you. These provide additional yet essential cover that your car deserves. Major add-ons to consider:

  1. Road Side Assistance
  2. Zero Depreciation
  3. No Claim Bonus Same Slab
  4. Hydrostatic Lock Cover
  5. Personal Accident Cover
  6. Engine Protector
  7. Consumables Cover (covers damages to consumables such as clutch box oil, gearbox oil and coolants)

V. Not keeping policy documents handy:

It is mandatory by law to keep certain papers in your vehicle with you at all times, including your driver’s license, your vehicle registration papers, and your insurance policy document. It can be problematic if you are driving without having these important papers at hand. In case of any mishap, simply contact Bharti AXA regarding your car insurance policy on our toll free number 1800-103-2292 or drop an email at

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Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.

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