All You Need to Know about the Best Car Insurance Online in India

As per the Motor Vehicle Act 1988 in India, if you own a car, it is necessary to have a third party car insurance plan. But apart from legal compulsion, after purchasing a new car, you need to make some safeguard policy for your car. And well-planned car insurance plan in India can assist you in this matter. A proper motor insurance policy or an online car insurance policy covers all the losses that you might suffer due to theft of your car or damage due to accidents or even natural mishaps. In such a case, each month you need to pay a certain amount of money to the insurance company and you will get an assured sum when in need. Car insurance is basically an agreement between the car-owners and car insurance companies.

Different types of Car Insurance Plans

Most of the people in India spend a lot of time researching while purchasing a new car since they want to ensure that their selection of the vehicle is flawless. But when it comes to car insurance, most of the car owners don’t spare a single thought. However, it is not advisable that availing any vehicle insurance plan without keeping the requirements. So, before purchasing a car insurance online policy, you should know about the best car insurance online plan and which types of vehicle insurance plans are available in India. Well, there are mainly two types of motor insurance plans in India.

·       Third Party Car Insurance: This plan is mandatory as per the Motor Vehicle Act in India. You have to buy this plan, right after you buy a new or used car. This vehicle insurance plan provides coverage for all the liabilities to a third party when you are a faulty driver. If your vehicle is in charge of an accident that causes damage to third party vehicle or any physical injury to the third party, this plan plays a key role.

·   Comprehensive Car Insurance: This policy is considered to be an all-rounder policy. If you own this plan, you can avail both liabilities third party and your insured vehicle. You need not pay for any damages or losses of your car as well as for the third party. This policy is popular among all in spite of the higher premiums as it provides a wide range of insurance coverage. 

What can be the Best Way of Choosing the Best Car Insurance Online Policy in India? 

Well, now you may think where to start from for purchasing the best auto insurance online policy in India? To deal with such situation, you must compare car insurance quotes available online with various car insurance companies. You should also compare car insurance renewal quotes and then choose the one that meets your criteria best. FreEMI.IN, an online car insurance aggregator will provide assistance when you are confused about choosing the best car insurance online policy.