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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 . 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
    "Good for car protection"
    0.5 5.0/5 "Blown Away!"
    I have maruthi 800 car which has the four wheeler policy of Oriental Insurance, my premium was around Rs. 8.000 for specific period. I took bumper to bumper with 100% of coverage, the renewal process is very easy. I usually visit to the Oriental branch, I used to get the policy copy. They do have road side assistance, 24 hours service etc.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 14, 2019
  • Chola Ms
    Chola Ms Car Insurance
    "No claim Experience"
    0.5 3.0/5 "Satisfactory"
    I have taken car insurance from Cholamandalam insurance. They have financed for my vehicle hence they have provided the policy from them. Long back, i have renewing the policy with the same company. They have provided me a coverage value of Rs. 2,5 lakhs and i do not have any claim experience till now.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 14, 2019
  • National Insurance Car Insurance
    "Good Experience"
    0.5 5.0/5 "Blown Away!"
    In 2016, I had a car insurance with National Insurance, at the time I done a claim because my car front bumper got damaged, hence I got the cashless garage option then within 2 to 3 days I got my car back with proper condition, it was also good insurance company.
    Was this review helpful? 0
    , panipat
    Reviewed on Sep 13, 2019
  • HDFC Ergo Car Insurance
    "Good Protection "
    0.5 5.0/5 "Blown Away!"
    Currently I have car insurance with HDFC Ergo, I paid the premium around Rs. 10,000 for one year plan, it gives bumper to bumper protection for my 2015 maruthi wagon R car, they are providing good IDV value based on manufacturing year. The renewal process was happened easily through the dealer.
    Was this review helpful? 0
    , panipat
    Reviewed on Sep 13, 2019
  • ICICI Lombard Car Insurance
    "Good for car policy"
    0.5 4.0/5 "Great!"
    I have four wheeler policy with ICICI Lombard, the premium is based on the claim or else its reliable. They do have third party insurance, road side assistance, 24 hours, I got the cashless claim when I met with an accident but they covered 50% of plastic only remaining amount I paid it.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 10, 2019
  • United India Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    United India renewal process is very easy and they give reminder call before the due date. I paid Rs.7800 for per annum for my bumper to bumper plan, they are providing road side assistance, 24 hours. They do have no claim bonus for my renewal. The service is prompt I able to reach them at any time.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 09, 2019
  • Future Generali Car Insurance
    "Best policy for car"
    0.5 5.0/5 "Blown Away!"
    Future Generali premium cost is affordable and also they gave me best insured value based on my Alto 2016 model car. They do have road side assistance, 24 hours service, break down service, they used to give no bonus claim upto 20% whenever I go for renewal.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 09, 2019
  • HDFC Ergo Car Insurance
    "Good Claim Process"
    0.5 5.0/5 "Blown Away!"
    I do have car insurance from HDFC Ergo, I believe the last year premium was Rs. 27,000 for per annum, its a comprehensive plan which has the personal accident cover as well, they do have road side assistance, 24 hours service, break down service. When my car met with the accident I got the cash garages, I left the car in Honda service center within week time I got my car back.
    Was this review helpful? 0
    , lucknow
    Reviewed on Sep 07, 2019
  • ICICI Lombard Car Insurance
    "Not at all satisfactory"
    0.5 1.0/5 "Really Bad"
    I had a very bad experience with ICICI LOMBARD so am not interested to continue my car policy with them. When I bought my car and got this policy. When I went with claim for minor accident, they have been saying only these things will be covered and some is not included.
    Was this review helpful? 0
    , mumbai
    Reviewed on Sep 06, 2019
  • National Insurance Car Insurance
    "Extremely satisfied"
    0.5 5.0/5 "Blown Away!"
    My car is insured with National Insurance which am very happy. I have been sticking with this insurer for last 10 years and all my car's are insured here. I opted for third party insurance and the premium is affordable. The claim process was done properly and the services are great.
    Was this review helpful? 0
    , mumbai
    Reviewed on Sep 06, 2019
  • New India Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I got my car insurance with New India Assurance and company provided me a car and they are taking care of my policy. I am not facing any problems and they have taken third party insurance. Hoping the premium is affordable and the benefits are good.
    Was this review helpful? 0
    , vizianagaram
    Reviewed on Sep 05, 2019
  • New India Car Insurance
    "Superb"
    0.5 5.0/5 "Blown Away!"
    I took a car insurance with New India Assurance and am advisor as well. The premium is low than other insurance companies. They have charged me 18K for a year and its first party insurance with full cover. They are doing good service and even done a claim. I got 80% on the reimbursement.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 03, 2019
  • HDFC Ergo Car Insurance
    "Better Service"
    0.5 5.0/5 "Blown Away!"
    My car dealer has provided me a car insurance from HDFC Ergo. Its a zero depreciation policy and i'm not sure about the bumper to bumper facility. I have no idea about the road side assistance and no claim bonus. This is a new policy which covers for 3 years. IDV value is sufficient for me.
    Was this review helpful? 0
    , kolkata
    Reviewed on Sep 01, 2019
  • Bajaj Allianz Car Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    I did my car insurance with Bajaj Allianz because they have approached me and quoted the insurance price. They were very transparent on the things. The services are very quick and prompt. The policy coverage is one year. I took it first first party insurance for Maruti Alto car.
    Was this review helpful? 0
    , secunderabad
    Reviewed on Aug 31, 2019
  • National Insurance Car Insurance
    "Good Plan"
    0.5 5.0/5 "Blown Away!"
    For my Swift car 2018 model I paid Rs.15,000 per annum its fully covered because its a bumper to bumper plan. Best part whenever I face any issue with the car, I can immediately park in the vehicle in the agency, very next day they give the car. They take care of all the formalities without approaching us. We don't want to worry about all such procedure.
    Was this review helpful? 1
    , noida
    Reviewed on Aug 30, 2019
  • HDFC Ergo Car Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I got a car policy with HDFC ERGO from the dealer.I have purchased i20 car and they have charged me around 40K for 3 years policy. It works as a first party insurance for the first year and remaining years as third party insurance. The insurance paper sent through the postal.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 29, 2019
  • United India Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    My car is insured with United India because its premium is good when compared to private insurer. I have taken a first party insurance. The policy coverage is one year. I have done a claims and it was good. It includes bumper to bumper. They have provided the reimbursement in a week.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 28, 2019
  • Oriental Insurance Car Insurance
    "Don't recommend this policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance policy was taken from Oriental because this policy was suggested by my agent. I am paying the premium amount of Rs. 4000 nearly. This is a First party cover policy. Since my car is new, for the first year, they are giving a zero depreciation.
    Was this review helpful? 1
    , mumbai
    Reviewed on Aug 27, 2019
  • HDFC Ergo Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I had a loan from HDFC company hence since 4 years, i have been renewing the policy from HDFC Ergo. I had a claim experience and it is excellent. They have processed the claim as soon as possible and it was a cashless claim facility which covers for 100%. I have been paying the premium amount of Rs. 12000 and its a zero depreciation policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 27, 2019
  • Iffco Tokio Car Insurance
    "Its a best one"
    0.5 5.0/5 "Blown Away!"
    I do have car insurance with IFFCO TOKIYO, I have paid around the premium around Rs. 2000 for my 2007 old car I took third party insurance but there is no experience. I believe they are providing no claim bonus whenever I go for the renewal I could see there. But I don't find any difference in the premium. I am expecting some more low premium.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 27, 2019
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