There is no dearth of vehicles in India. Keeping in mind the prolific progress of the Indian motor industrial sector in the last 200 years, the car building industry still manages to stay ahead of the growing demand for automobiles. While older generations had to be content with a handful of models to choose from, the current generation is spoilt for choices with hundreds of car companies bringing out an impressive array of new vehicles each year.
Though people are quite familiar with the term ‘insurance’ these days, not everyone knows much about car insurance except for the fact that one should have his/her car indemnified. Purchasing a car is indeed a costly affair and insurance is often viewed as an unwanted liability. Yet this is going to be one’s savior in case of a road accident or other related contingencies such as damage compensation, loss due to theft and numerous other unforeseen hazards.One can claim an all-inclusive motor insurance cover that gives,
- Third Party Liability Cover
- Personal (and Property) Liability
- Personal Accident Cover for driver, vehicle owner and passengers.
Being the biggest city and erstwhile capital of Gujarat with a populace of over 60 lakh, Forbes has voted Ahmedabad as the fastest developing Indian metropolitan of the decade. Ahmedabad has grown as a significant commercial and industrialized centre and the outcome of liberalization of the Indian economy have strengthened the city's economy towards other arenas like trade, IT and construction. This means more money in people’s accounts and more luxurious living. And predictably more cars!
One needs a fair bit of stamina to explore the city even with a car as the place is fairly spread out and surviving the testing traffic in the heat can be a real chore. Ahmedabad also has an alarming vehicle accident rate too. Thus, in Ahmedabad is a primary concern and involves the following constructive steps-
- Research well and some more:
- Is the coverage offered adequate?
- Getting Vehicle Insurance in Ahmedabad
Listing down the top insurance providers in Ahmedabad is the first step. Thus, one knows the different plans offered and can easily compare the premium rates, benefits and other terms and conditions. This process is further simplified as all the information is readily available online.
Finding the most suitable auto insurance policy is closely related to the sum of coverage one requires. Many insurance providers offer up to INR 500,000 of coverage while a few give up to INR 10, 00,000. The coverage needed can be figured out keeping in mind factors such as medical and repair costs. The decision should be made while calculating the prevalent hospital rates (in case of injuries to both parties and a third party, if any) as also expenses incurred due to damage to property and auto repair expenses.
With increasing population, Ahmedabad car insurance sector is witnessing a substantial boom. Quite a few insurance companies have made it to the top class by giving cost-effective auto insurance plans. These are not only economical with a good cover, but also grant umpteen related services. Besides buying and renewing policies online, companies also offer 24*7 roadside and post-accident assistance without extra charge to make your journey as stress-free as possible.
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017