Buying the two wheeler insurance should entail a thorough consideration of certain important factors. It is similar to buying a bike where you ponder over everything including its features and affordability.
At
the time of selecting its insurance as well, remember all the significant aspects
related to it. Here, you should also look forward to save extra costs spent
over your motorcycle insurance. The cost of insurance primarily depends on your
age, driving record, marital status, insurance history, vehicle’s model, and
year of purchase. Apart from these factors, there are some other pointers that
can help you to get cheapest 2- wheeler insurance in India.
Choose The Right Coverage: You should always choose the cover
of your vehicle insurance according to your individual requirements. There are
many insurers offering tailor-made solutions for the auto owners looking for
cheap premiums. For an old bike, you can prefer a policy with lower coverage
for third party valuation, theft, and loss due to fire. However, before buying
any insurance, read the offer document cautiously to deeply comprehend the
insurance coverage.
Saving Through No Claim Bonus: At the time of insurance renewal, you can save extra costs through no claim bonus. It means that you shouldn’t make any claim for minor defects during the policy term. For instance, if you do not make any claim for one policy year, you can end up saving up to 20% on your premium.
This percentage varies from one insurance
provider to another. Similarly, if you Flung have 5 claim-free policy terms,
you may get much higher discounts on the insurance premiums. Hence, whenever
your bike has some minor issues, you must repair them yourself and avail a
lower insurance cost.
Save Through Increased Deductibles: Deductibles refer to the
amount that you have to bear in case of any damage or loss occurs to your long
term two wheeler insurance. You can easily save your insurance premiums by
increasing the amount of deductibles. But here, you must remember that it means
you’ll have to pay a huge share out of your own pocket at the time of claim settlement
against any loss happening to your vehicle.
Become A Smart Insurance Buyer: Buying cheap insurance is easier said than done. There are so many things to consider but you can mitigate these challenges by choosing the right insurance provider. Before buying a new policy, always compare the quotes and features offered by several insurance providers. Ask for discounts and negotiate prices to settle for the best deal.
Furthermore, consider asking for other add-ons offered by the
insurer. Comparing and checking online reviews is an infallible way to choose
and buy the best 2-wheeler insurance for your bike.
It is never wise to pay higher premiums for a policy that is
easily available at a much lower cost. So, shop around and find the suitable
policy that fits in your requirements and budget. This way, you can certainly
get cheapest 2-wheeler insurance in India. In this regard, it is advisable to
take help from the experts to analyze all these pointers on various parameters.
If you want to get the Cheapest Car Insurance in India, the
author of this article recommends Car insurance in.
[Source: http://articles.abilogic.com/174056/tips-get-cheapest-wheeler-insurance.html]
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