Common Myths About Car Insurance Busted
As important it is to understand the requirement of car insurance in India, equally important is to get rid of some of the myths surrounding it. The article consists of some common myths related to car insurance. Read here.
Table of Contents
Car insurance in India is mandatory by law as per the Indian Motor Tariff Act. However, still there are many who ignore the law and keep on driving their uninsured cars. The reasons can be many, one of them being the myths that surround the concept of car insurance. But it is recommended to timely purchase a reliable car insurance policy as apart from fulfilling the legal liabilities, it also offers you a list of benefits. 
Common Car Insurance Myths
This article consists of common myths as well as the reality behind them, so that you are well informed the next time you buy a car insurance policy.
Car Insurance Is Not Required if the Car Is Old
Reality: It Is Still Mandatory By Law to Own a Car Insurance Policy
No matter how old your car is, it is still mandatory by law to have at least third-party car insurance cover to be able to drive it legally on the Indian roads. Although third-party car insurance plans are affordable, if you find it not worthy, then you can opt for a comprehensive car insurance policy. It is recommended when the present value of your car is more than 10 times the premium that you are paying.
The Process of Buying Car Insurance Online Is Complex
Reality: The Process of Buying Car Insurance Online Is Very Simple
At InsuranceDekho, the process of buying car insurance online is more simplified than ever. All you need to do is visit the portal, enter the details of your vehicle, compare quotes, select the most suitable policy as per your budget, and pay the required premium via a secured payment gateway. You can also add riders if required. You can carry the process on your own or seek help from an executive to buy the policy.
You may also like to read:- Benefits of Buying Standalone Own-Damage Car Insurance
I Will Lose My ‘No Claim Bonus’ on Transferring My Car Insurance Policy
Reality: You Will Not Lose Your No Claim Bonus in This Case
No Claim Bonus is a reward that your insurance company gives you for driving your car carefully and for not making any claim during the policy year. In case you are not satisfied with your existing car insurance company and want to switch to a better insurer, then you will not lose your NCB or No Claim Bonus. It will get transferred to your new car insurance company along with other benefits. But, timely renewal is important in this case as the benefits will not be transferred in case of a lapsed policy.
Car Insurance Is Only Required in Case of An Accident
Reality: Car Insurance Covers a Lot More Than Just Accident
Car insurance plans offer you comprehensive coverage. Not only accidents, but they also cover you in case of natural calamities (landslides, earthquake, floods, etc.). It also covers you for man-made disasters that include riots, thefts, terrorist activities, burglary, damage in transit, etc.
Also Read:- Things Covered In An Own-Damage Car Insurance Policy
Conclusion
Unlike what people believe, buying a car insurance policy, be it a third party car insurance policy or a comprehensive car insurance policy, is not at all a tricky process. All you need is to visit InsuranceDekho, visit the car insurance section, fill in the required details and buy the most suitable plan from the options displayed on your screen. You can also contact the customer care executives at InsuranceDekho on the toll-free number 7551-196-989 and share your requirements.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
