Bharti AXA CAR Insurance How to Buy Vehicle Insurance on a Budget 20 Feb 2018 Buying Car Insurance on Budget with Bharti AXA Buying a vehicle is an investment. Buying the right kind of vehicle insurance policy will help you secure this investment for life. However, purchasing a car insurance is not an easy task. What does it really mean when you buy an expensive or low-priced car insurance quote? When you pay more for your coverage you might think you are paying for a good, full-coverage policy. But it could also mean you are over-insured or over-paying. On the contrary, if you find cheap car insurance, it doesn’t necessarily mean that you are getting a mediocre policy or that you’re going to have to deal with poor customer services. There are a few ways you can gain maximum benefit with a car insurance policy without sacrificing coverage or customer service. Here is how. When You Buy a Car Generally, when people purchase a new car they buy insurance for the vehicle after making the purchase. However, this should not be the case. Many consumers take only the sticker price of the car into consideration and often neglect the recurring fuel, insurance, maintenance and the repair cost that will be incurred in the years to come. You also need to remember that luxury and sports cars are comparatively more expensive to insure than an economical vehicle. Another aspect to look at while buying a new vehicle is to ensure it comes with safety features such as brakes, anti-lock, traction control systems, air bags, anti-theft system etc. If your car is highly rated in safety crashes, you can qualify for further discounts. One Company for Your Insurance If you are buying multiple items like a car, motorcycle or even life insurance, narrow down to a single insurance company and see if you can qualify for any discounts. Similarly, you can insure all the drivers of the house under the same insurance policy and avail further discounts. Purchasing a number of insurance policies from one company usually results in a lower price in total. Compare before Purchase Make it a habit to compare the insurance quotes of various companies online before buying. You can start with basic research. You can further breakdown the premiums and compare them to determine what should be the average premium for a car insurance policy. After determining where you stand in comparison, make it a point to review your policy for excess coverage. Finally, get car insurance quotes from at least three different insurance companies. At the end, choose a company with a strong policy clause, low prices, great consumer satisfaction and a reputation for fair and time bound claims processing. Transfer Your Insurance If you are planning on giving away your old car and investing in a new one, then retain the existing car insurance policy. Remember to carry forward the no claim bonus from this policy. No claim bonus is a discount, given by an insurer to a policy holder for making no claims during the term of the policy. NCB can be accumulated over the years and discounts ranges from 20% to 50%. With this you can claim benefits that you might have accumulated over the years. This also reduces your insurance cost for the new car. Keep Your Car Safe Though the role of an insurance policy is to guarantee safety of your car, you still need to take certain safety measures. For example, you can install an anti-theft tool in your car at a nominal cost. These systems protect your cars over the long period. A safer car means lesser claims which eventually lead to no claim bonus, and thus cheaper insurance every year. You can now save yourself a good amount by comparing and buying car insurance policies online within a budget which also offer a secure coverage over a long period. Explore Our Products Car Two Wheeler Travel Health Critical Illness Personal Accident Bharti AXA Advantages We've raised the bar in being your Car's ideal insurance companion 3.5 MILLION ISSUES CLEARED 3600+ CASHLESS GARAGES IN INDIA 79 BRANCHES ACROSS INDIA 24/7 CLAIM ASSISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit 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.