India, Lucknow (March 7, 2013) – You might have come across articles on what car insurance is all about and here I will refresh your memory again with the essential details about motor insurance and its benefits. Motor insurance is important to have because of two reasons, first to fulfill legal obligations and second to protect your vehicle and yourself from possible losses. Times can be uncertain and accidents are forewarned. An accident can happen irrespective of your mistakes so you need to be prepared to face the possibilities.
When car accident happens several liabilities arise. There is the damage to your vehicle that you have lovingly bought and the expenses to repair it or replace it totally. Then there is the third party loss that you will have to pay from your pocket. But a comprehensive insurance protection against these calamities will effectively compensate your loses. You will be better prepared to and in a better frame of mind if you have car insurance. You must immediately report the incident to the police and insurance companies if and when an accident happens and damages occur in result of this. If possible you should take down the details of the third party car, occupants and their mobile numbers. It is also advised to take photos of the accident place and vehicles with your mobile phone. These could be important in case of the settlement becomes a litigation. Insurance companies offer road side assistance in insurance plans and you can call their representatives to get help. You can get more help about motor insurance from your insurance company website to get accurate details of the services that are provided under the plan.
When we talk about motor insurance, the premium you pay for the insurance is very important. These amounts could be on the higher side depending on the plan and type of vehicle you have and you can get discounts to help reduce the cost. Insurance companies offer several discounts to customers for meeting certain conditions. A good driving history, an apt locality, your gender and no claim bonus can effectively reduce your premium rates to a whopping 50% sometimes. There are conditions like you being a member of Automobile Association or conducting your business online with the insurance provider that can get you some discount. You should also know what car insurance you need and choose the plan accordingly. Appropriate selection of coverage will also influence the cost reduction of premium. Companies offer small discounts on exchange of your personal details and they also pay discount for visiting their website. Knowing about motor insurance premium will help you in reducing the cost of them.