How to Find the Best Insurance Agent to Buy Car Insurance

As you buy a car, bike, or any other vehicle, you want to insure it from any damages on roads in India. For this, there is motor insurance, which is compulsory for all vehicle owners. And for having car insurance in Noida or any part of India, you need to consult a company or agent. To get in touch with the best ones, you can follow the below-mentioned steps:

Know your car insurance needs

Before you move to choose the best insurance agent in South Delhi or any Indian town/city, you should know the kind of coverage you need. Further, you should be clear about your budget and the insured Declared Value, which is usually the current market value of your vehicle. Keep in mind that the insurance premium is counted on this value.

Check the authenticity of an insurance company/agent

Generally, an insurance company offers its policies through its branch offices and agents. Before you visit such an office or agent, you must know the insurer or insurance company and check its authenticity. The IRDAI or Insurance Regulatory and Development Authority of India is the supreme boss of all insurance companies in the country. So, you should visit the official website of IRDAI to check whether an insurance company/agency is registered with it or not. If not, move ahead to consult another.

Explore the availability of add-ons

When you are buying a policy for car insurance in Noida or your locality, you look for add-ons to improve its coverage. In your search, you can come across numerous options for varied insurance needs. You must ensure that an insurance company offers the add-ons that match your needs exactly before you finalize its selection. Doing it will be beneficial for you in the long term.

Be aware of CSR (claim settlement ratio)

The Claim settlement ratio is the ratio of the number of raised insurance claims to the number of the settled claims in a financial year. It will always be advantageous for you to consult an insurance agent/company with a CSR of more than 90%. With it, you can be sure about getting the insurance premium after making a claim for it. And you will have a peace of mind.

Know about the speed of claim settlement

In the contemporary world, most people want their job/tasks done fast. So, in the selection of the best insurance agent in South Delhi or your locality, you must give value to the turnaround time taken in claim settlements. Always keep in mind that the more company time an insurance company takes in settling a claim the more time it will take in making your car functional. A company with a shorter turnaround time for claim settlement is always better for you.

Explore the cashless garage network

If any wrong thing happens to your car, you need to visit a garage in your locality to restore its previous condition. In the case of having a car insurance policy, you have to take your vehicle to the garage your motor insurance company is associated with. It facilitates you to get your car restored without spending a single penny or too much amount. So, you must explore the cashless garage network of a vehicle insurance company and finalize the ones that have a network garage in your locality.

Compare the motor insurance policy options

Conducting compare and contrast is the set that can help you narrow down the list of insurance companies you have. During the comparison, you should keep everything in mind - insurance premium, EMI, add-ons, CSR, and turnaround time. After finalizing a company/agency, you should conduct an in-depth study of the motor insurance policies it offers.

Summary

Buying a car insurance policy is compulsory for a vehicle owner. Selecting the best insurance company will make it more fruitful to you. Whether it is the turnaround time, authenticity, add-on, or customer support service, keeping everything in mind will help you consult the best insurance agent/company in your town/city.