Here’s what you should ask your car insurance provider

Under the direction of Insurance Regulatory and Development Authority of India (Irdai), many insurers have already launched a standard insurance policy names Bharat Griha Raksha.

If you're planning to buy your first car or have bought one already, there must be few doubts related to its annual repair cost and of course a car insurance.

An insurance should be your second purchase right after buying the car. It's of utmost importance to cover unforeseen circustances, maintainence cost and overall expenses incurred for the well being of your vehicle.

The first rule before buying a car insurance is to never go over board with it. Your vehicle should neither be over-insured nor under-insured.

Look through a variety of coverage options provided by your insurer. Calculate the premium on each of them and select the policy with a comprehensive coverage and affordable premium.

The insurance policy should be in alignment with your finanical goals. A car insurance with add-ons can increase the premium considerably. Never forget to ask for discounts.

You could use your clean driving record, a student status, safety systems in the car, a hybrid car, or parking in a proper parking space to get good deals on your insurance policy.

A standalone car insurance may not be sufficent to cover certain needs. Hence, the role of add-ons become relevant here. But add-ons increase the premium as well.

You could get add-ons that offer protection to the co-passengers, accessories in the car, seat cover, tyres, etc. However, you must discuss the terms and conditions under which such covers can be activated.