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Car Insurance companies comparison, quote online, compare, calculation

Car Insurance companies: Find car insurance companies,  comparison, quote online, compare,  calculation

Car Insurance

A car, after a house, is the most valued asset of a person. After working hard, saving enough money to be able to purchase a car, receiving enormous suggestion. or advice from family, friends, and colleague and making a bundle of comparison of various brands. and models when one buys his first car, it becomes mandatory to opt to buy car insurance policy.

Because accidents happen which in result damages the car, either a small dent in the body of the car or substantial damage.
Car insurance is mandatory according to The Motor Vehicles Act, 1988 of India. The act says that any vehicle that runs on the road of the country must have Comprehensive and Third Party Liability car insurance.
Motor Insurance is popular in India. As per IRDA’s 2013 – 2014 report, the premium income for motor insurance was 3,382,357 Lakh, which was a phenomenal increase if compared with previous years data which was 2,962,980 Lakh.
Car Insurance companies
Types of Car Insurance

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In India there are two types of car insurance available, which are as below:
1. Third Party Liability Car Insurance

Third party liability car insurance for the person who property get damaged or is injured/killed by the vehicle of the insured person. In such case, the respective insurance company pays the compensation to the affected party on behalf of its client.
2.            Comprehensive Car Insurance

Any damage that occurs either due to natural calamities like the (flood, earth quick, hurricane, light striking) etc..  human-made disasters, like the accident, riots, theft, terrorist attack, etc., are compensated through this plan. Furthermore, comprehensive car insurance plan also covers any damage occurred to the driver or the passenger of the insured car.
Benefits

Protection of one’s car against any unfortunate mishap brings many significant benefits to the policyholder.
· In case of an accident, the expenses of repairing the car; hospital bill or death compensation of the driver and passenger; damage cost to the property, medical expenses or death compensation of the third party are the liabilities of the insurance companies.
· In case of natural disaster, terrorist attack or theft, when the vehicle is not recoverable, the policyholder is compensated by his insurer.

What is not covered?

There are many cases insurer is not liable to pay any compensation to the insurance. These are as follows:
Depreciation cost, which occurs due to wear and tear as the vehicle is used.
Mechanical or Electrical Breakdown and etc..

Premium

The premium that one has to pay to purchase a car insurance policy differs from company to company. in these insurinsuranceanies the most likely factors which may affect the premium payment for any car insurance could be the followings:
·         Sum Insured / Insured’s Declared Value (IDV)
·         Type of vehicle
·         Age of the vehicle
·         Place of Registration
·         Fuel type (Petrol / Diesel / CNG / LPG)
Car Insurance companies

car insurance calculator/calculation formula

IDV for car  valuation (the amount of car theft and accident that can be available for car)
Insurance coverage for driver
and other passengers in the car.

insurance coverage for third party liability
Service tax.
Total car insurance cost 5-10 thousand based on Car Showroom price (10% of the car showroom price) +liabiliy insurance
we will show you
Reference
cheap car insurance
car insurance online
Car Insurance companies

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