The first and most important decision to undertake is choosing suitable car insurance for maruti. And unknowingly, there have been situations where you have been charged very high rates. But there are many solutions to your worry of a high premium with ways you can lower the rates offered to you.
Until a few years ago, the only four parameters to decide the premium would be the engine capacity, the geographical zone, the age of the vehicle and its cost. However, of late, many more requirements have been considered as parameters so that the policy buyer gets to pay lesser premium charges and enjoy maximum privileges in cases of accidents.
For a lesser premium, here’s what you need to do.
Give out correct information – You can lessen your premiums by 10-30 percent just by providing correct information to your insurer.
Build and model of your car: The model and making of your car are two important factors, which decide your premium. You are entitled to greater discounts if you car is more prone to accidents.
Profession and gender of the driver: In the western countries, premium is considered on the basis of the gender of the driver. Although this practice is yet to be completely followed by India, female drivers by some insurers are considered better than male counterparts, thus enabling them to a higher discount. The driver’s profession is another criterion for premiums. If the car is driven by an office goer, it is obvious that he will drive it within the vicinity of the city. On the other hand, a salesman by profession will drive it to various nearby towns and cities.
Locality of the drives: It is important to mention the areas in which the car will be driven. Also, the place where the car will be sheltered is taken into consideration. The claim is calculated depending on the location, in congested cities, dents and scratches are more common due to the traffic. For places like highways, the claim is huge because highways are prone to major accidents.
No claim bonus: This is a discount on the own damage premium and is increased annually to the next slab when claim for damage is not preferred. It may go up to 50% and can be transferred to another vehicle.
Other discounts: If you install anti theft safety in your car, you can avail 2-5% discount. If you are a member of an automobile association, you can get discounts up to 5% on own damage premium.
The decisive for your premium keep changing, and thus it is best to ask your insurer all the details.
Author – An undergraduate in Literature, the author has a profound interest in the newest gadgets and automobiles and writes for www.reliancegeneral.co.in