Insurance is like a spare tyre. You may not require it, but not having one is not an option.

Smart Steps For Switching Car Insurance

In India, being in a relationship with a single insurance company for car insurance policy for a long time is not an advisable thing to do. Experts suggest that one should switch their car insurer in every few years which may result in them saving a good sum of money.

Before making the switch, a person should get all the information about the same to ensure he gets the maximum benefit. Talking to the insurance company who provides the present car insurance policy would make a very smart starting point.

Some steps a person can follow to make certain that he is on the right track are -

Compare Car Insurance Before Buying

Once a person decides to switch from his current car insurer to a new one, the best thing for him would be to first compare the car insurance policies provided by different companies before finalising a single one. He can compare the same offline or online, but the online process is faster and easier. He can either visit the websites of all the different companies individually and then check the car insurance policies and quotes provided by them or he can visit websites where one can compare policies provided by different companies on one single platform. An online comparison can help him in finding the one which includes extra benefits.

While comparing, a person should always look for the best car insurance policy instead of searching for the cheapest one. Some policies are applicable for a period of six months and some for a year before they can be renewed. Coverage, limits, deductibles and benefits are important criterias to be kept in mind for comparing the product.

Check on Requirements for Car Insurance Coverage

A person should cancel their current car insurance policy by a company before buying the new insurance policy from another company to avoid gap in coverage. There are different things that impact car insurance policy coverage like parenthood, shift to another location etc. Not all insurance companies provide the same car insurance policies. Every policy has its own own features, benefits, deductibles and limits which are not the same. So, a person who figures out his own requirements first and does research ends up benefitting from switching his car insurance.

Contact Current Car Insurance Provider

Every company is very competitive in nature and hates to loose its customers. The same applies to insurance companies as well. When an insurance company realises that one of its customer is planning on ending business with them, they tend to understand the issue and tries to solve it by offering exclusive or special deals to the particular customer to change his decision. This makes it important for one to first contact their current car insurance policy provider and inform them about their decision to buy a new policy form another company.

Select Carefully

A person should be very careful while selecting his new car insurance provider . He should do an in-depth research on the company before closing the deal with them. From their performance, financial stability to checking reviews written by their customers online, one should check it all and have a very good idea about the company. Seeking advice of relatives and friends also helps a lot while selecting the right company.

Look for added Benefits in Car Insurance

Apart from the benefits provided in the car insurance policy by the insurance company, a person must check what other services are offered by the company to satisfy its customers. One such benefit would be a 24x7 customer care service which would enable customers to contact them at any point of time. Nowadays some insurance companies provide online services to their customers to easily manage their car insurance plan and to keep a track on claims and repairs.

Make the Switch to the New Insurance Company

After the research and selection process is over, one just has to make the final switch which is buying a new car insurance policy from a different company. It is important that the new car insurance policy coverage starts on the day the previous policy ends. A person should inform his previous company and get the cancellation in written form. The policy get activated once the person gets his new identity card.

There are a few suggestions a person can use to smartly switch their car insurance provider.

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

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Smart Steps For Switching Car Insurance Reviews

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  • Oriental Insurance Car Insurance
    "Very nice zero dep plan"
    0.5 5.0/5 "Blown Away!"
    My car insurance premium is reasonable it has the coverage of two years, its has 100% of coverage called zero depreciation. Oriental Insurance agents are very polite in the service. I got best insured value based on my Mahindra Scorpio manufacture year.It has 24 hours service and also road side assistance.
    Was this review helpful? 0
    , jaipur
    Reviewed on Mar 26, 2019
  • National Insurance Car Insurance
    "Good"
    0.5 4.5/5 "Excellent!"
    I have chosen National Insurance for car insurance after comparing it online. They have provided higher insured declared value with lower premium and it includes zero dep. Once I will go for a claim then I can give better opinion. I have paid around 7,500 rupees for five years old vehicle. The policy period is one year.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Mar 26, 2019
  • ICICI Lombard Car Insurance
    "Better"
    0.5 3.0/5 "Satisfactory"
    I had a car insurance with ICICI Lombard and never used the service for claims. They never offered zero dep during the renewal. They are charging more premium for special features. I do get a notification regarding the renewal. Its a first party insurance.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Mar 26, 2019
  • review Car Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    First time I took policy from Bharti axa for my hyundai eon, the insured value was good. They have comprehensive benefits front bumper to back bumper covered. Time of activation is good with their customer center. They have benefits 24 hours of road side assistance and other service.
    Was this review helpful? 0
    , kolkata
    Reviewed on Mar 25, 2019
  • HDFC Ergo Car Insurance
    "Good claim experience and prompt response"
    0.5 5.0/5 "Blown Away!"
    I do have HDFC Ergo four wheeler insurance for my Hyundai eon its around four years old. One claim happened I went for the cash less garages, my car front bumper to back bumper got damaged, they settled Rs.11,000. I got the car within four days.
    Was this review helpful? 0
    , kolkata
    Reviewed on Mar 25, 2019
  • New India Car Insurance
    "Affordable premium for my car"
    0.5 5.0/5 "Blown Away!"
    I have taken the zero dep plan with NCB in New India . New india has provided correct IDV value for my Maurtui Ertiga car . It is a third party covere and Co-passengers also covered in my insurance . Cash less garage is alos available in my location .
    Was this review helpful? 1
    , new delhi
    Reviewed on Mar 23, 2019
  • Oriental Insurance Car Insurance
    "Correct Insurance premium"
    0.5 4.0/5 "Great!"
    I insured my Tata Indica vista Car in Oriental Insurance with affordable premium . It is first a party cover but not zero depreciation . I got the better IDV value for my vehicle .Till now , I didn't gone for cliam, so I got 25 % No claim bonus for my vehicle .
    Was this review helpful? 0
    , mysore
    Reviewed on Mar 22, 2019
  • ICICI Lombard Car Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    I have been with ICICI Lombard for almost 8 to 10 years because the premium is affordable for car insurance. I never contacted the customer service. I used to get a reminder msg through mail as well as mobile for the policy renewal. I have no claims. Its a first party insurance and includes bumper to bumper.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 20, 2019
  • Reliance General Car Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken Reliance Car insurance .It is a one year policy .The name of the car is Volkswagon Polo .The Premium is yearly basis and i have paid Rs.14,000.I have got IDV value as well .ythe agent clearly explained the process of car insurance .Not yet faced any difficulties till now .
    Was this review helpful? 0
    , mirzapur
    Reviewed on Mar 19, 2019
  • HDFC Ergo Car Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    My car was insured with HDFC ERGO and it was default insurance by the showroom and am renewing the policy with them every year. The service is also good and the response was immediate. The premium was around 8 to 9K for one year policy. Its a first party insurance. It has included zero dep and bumper to bumper.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 19, 2019
  • New India Car Insurance
    "Better service"
    0.5 3.0/5 "Satisfactory"
    I have a car insurance with NEW INDIA ASSURANCE and my experience was very good. The premium was 15,000 rupees for seconded car insurance. The policy period is one year. I have not gone any claims. It covers bumper to bumper and road side assistance.
    Was this review helpful? 0
    , pune
    Reviewed on Mar 19, 2019
  • ICICI Lombard Car Insurance
    "NOT SATISFIED"
    0.5 1.0/5 "Really Bad"
    ICICI LOMBARD GENERAL INSURANCE is the insurance provider where i have taken the car insurance policy but i am not satisfied with this because I had a claim once but they have declined it. The premium was 13K and the policy coverage is for bumper to bumper.
    Was this review helpful? 1
    , mumbai
    Reviewed on Mar 18, 2019
  • Tata AIG Car Insurance
    "Smart Protection"
    0.5 5.0/5 "Blown Away!"
    I prefer Tata Aig car policy, because of the service and reputation, I am holding this car insurance for couple of years. They are providing no claim bonus depend upon the vehicle, the premium is very reasonable, last year I paid the premium around Rs. 10,000 for one year cover.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 18, 2019
  • New India Car Insurance
    "Affordable premium for my car "
    0.5 5.0/5 "Blown Away!"
    For my Maruti Suzuki Swift Desire , I insured my Vehicle in New India . It is a third party cover . New India provided a correct IDV value and No claim bonus . It is Bumper to Bumper cover . I got a very good quotation with affordable premium in the market .
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 18, 2019
  • Tata AIG Car Insurance
    "Best insurance service "
    0.5 5.0/5 "Blown Away!"
    Recently I renewed the car policy with Tata Aig, its fine, the premium is good. The executive came to my place and collected the documents for the renewal, I availed the policy called bumper to bumper. I paid the premium around Rs. 14,000 for one month, IDV is good around Rs.5 lakhs.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Mar 16, 2019
  • SBI General Car Insurance
    "Excellent plan"
    0.5 5.0/5 "Blown Away!"
    I took my car insurance with SBI GENERAL, as a employee got benefits regarding the cashless garages, zero dep is provided. The premium was normal about 15K. It is a entire cover policy. I have been using this insurance since 3 years. The claim process was excellent.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 15, 2019
  • New India Car Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I took my car insurance in New India Assurance from 2014. I like the service and am getting no claim bonus. The customer service is excellent. I have gone for cashless garages and its good. The policy period is one year. I have paid the premium through cash. Its a third party insurance.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 12, 2019
  • ICICI Lombard Car Insurance
    "Excellent Policy"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a long time back and the premium has been paying on an annual basis. I had done two claims last year and it was pretty much simple in the claim method. The policy covers bumper to bumper with zero debt and the premium amount has not been high.
    Was this review helpful? 0
    , chandigarh
    Reviewed on Mar 11, 2019
  • Bajaj Allianz Car Insurance
    "One of the best insurance provider with lot of options "
    0.5 4.5/5 "Excellent!"
    I insured my HONDA vehicle 2018 model in bajaj insurance .It is really having flexibility insurance .It is third party cover with a good IDV .Till now i had not gone for any claim . It is comprehensive plan with affordable premium .One of the best insurance provider with lot of options
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 09, 2019
  • Reliance General Car Insurance
    "Good Car insurance package"
    0.5 4.0/5 "Great!"
    I insured my Renault KWID in Reliance general insurance . They provided a affordable premium , correct IDV value , Bumper to bumper cover and third party cover . while processing my insurance with reliance i got good response . Till now i didnt gone for any claim .
    Was this review helpful? 0
    , gurgaon
    Reviewed on Mar 09, 2019
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