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Automobile Insurance |
| The importance of Insurance has been properly discussed while dealing with Two-wheeler Insurance. As the criteria for the insurance and benefits associated with it are almost the same for both two-wheeler and four wheelers this section will deal with some of the other benefits which are associated with insurance. Insurance provides the necessary cover if you meet with some unforeseen incident or an accident, however there are few benefits you can enjoy even if you don't have a bitter experience.
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This page covers information on Auto Insurance quote, cheap Auto Insurance, Auto Insurance online quote, automobile insurance, Auto Insurance companies.A no claim bonus is given to the policy holder if no claims are made; this bonus can go up to 50% in some cases provided the policy is renewed within 90 days of expiry of the previous policy.This no claim bonus is transferable as it can be used even if one is changing the insurance company. In addition to the premium which one pays to get the vehicle insured an extra charge might be levied on a four wheeler owner under special circumstances
These are as follows
- Extra premium is paid on electrical and electronic equipments which don't come as part of the factory fitting but are bought separately or imported from abroad.
- Vehicles fitted with LPG or CNG kit have to be insured by payment of extra premium
- If the geographical area needs to be extended to other South East Asian countries like Bangladesh, Nepal, Bhutan, Pakistan, Sri Lanka and Maldives.
- Vehicles fitted with a fiber glass fuel tank
Discounts are also available on premium payments under special circumstances
- When the car is a Vintage one
- When No claim bonus has not been utilized
- If the owner is a member of a recognized automobile Association
- If the vehicle is fitted with ant-theft devices
- If the vehicle which is specially modified for the usage of physically challenged people
- If the vehicle is used with in insurer's premises and sites
With the insurance sector opening up in the recent years and foreign players entering the market the insurance companies are supposed to dole out more of freebies to make it more lucrative for an automobile owner.
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