How to Move Your NCB to a New Insurer
The No Claim Bonus (NCB) is one of the most valuable rewards for responsible drivers. It serves as a discount on your car insurance premiums, earned by maintaining a claim-free record during the policy period. This benefit not only encourages safe driving but also helps in reducing insurance costs significantly. But what happens to your […]
What’s the Ideal Insured Declared Value (IDV) for Your Car?
When it comes to car insurance, the Insured Declared Value (IDV) is one of the most critical factors. It not only determines your car’s coverage amount but also directly impacts your insurance premium. Striking the right balance between an accurate IDV and a manageable premium is essential. Let’s understand how to calculate the ideal IDV […]
Car Insurance: Understanding the Grace Period for Renewal
Car insurance is a critical document for every vehicle owner in India, required under the Motor Vehicles Act of 1961. Whether you choose basic third-party insurance or a comprehensive policy, keeping your insurance active is vital for legal and financial protection. Let’s dive into what the grace period for car insurance renewal means, how it […]
Credit Score and Car Insurance: Does Credit Score Affect Car Insurance?
A credit score is a term frequently encountered when availing of various financial services, including loans, credit cards, and car insurance. This article explores how credit scores influence car insurance. What is a Credit Score? A credit score is a numerical representation of an individual’s creditworthiness, indicating their ability to repay debts. It is calculated […]
Factors to Consider When Purchasing Insurance for Your Electric Vehicle (EV) Car
As electric vehicles (EVs) gain traction in India, ensuring you have the right insurance coverage is vital for financial protection and peace of mind. Unlike conventional internal combustion engine (ICE) vehicles, EV cars come with unique components and considerations that influence their insurance requirements. Here are some essential factors to keep in mind when purchasing […]
Do’s and Don’ts After a Car Accident
Getting into a car accident can be a nerve-wracking experience, but knowing what to do—and what not to do—can save you from further complications. Here’s a simplified guide to ensure you take the right steps after a car accident, both for insurance purposes and to protect yourself legally. Immediate Do’s After a Car Accident 1. […]
IRDAI rules for car insurance plans
The Insurance Regulatory and Development Authority of India (IRDAI) plays a crucial role in regulating car insurance policies across the country. Its rules are designed to safeguard both policyholders and insurers, ensuring fairness, transparency, and financial protection. Understanding these guidelines can help you make informed decisions when selecting car insurance coverage. This guide covers the […]
Roadside Assistance Cover for Car Insurance
When it comes to car insurance, most people focus on the basics—comprehensive coverage, third-party liability, or premium costs. However, one often-overlooked add-on that can make a world of difference is roadside assistance. Roadside assistance is a service designed to help drivers who encounter vehicle breakdowns or emergencies while on the road. This blog explores the […]
Does Car Insurance Go Down as Cars Get Older?
Yes, car insurance generally becomes less expensive as your vehicle ages. This decrease in premium is primarily due to depreciation, which affects the Insured Declared Value (IDV) of the car. Let’s dive into how this works and what factors influence your insurance costs. Understanding the Basics: Depreciation and Insurance Costs As soon as you drive […]
Tips for Buying Insurance for a Used Car
Owning a car, whether new or pre-owned, is a significant milestone for many. It provides comfort, convenience, and the freedom to travel without relying on public transportation. In today’s fast-paced world, having a car is often considered essential, not just for individuals, but for families as well. Purchasing a pre-owned car can be a smart […]