April 18, 2024

Seiyu Cafe

You Rather Be Automotive

The Importance Of Having A Car Insurance By Your Side

Why Is Car Insurance So Important? - Jetset Times

You must have 4 wheeler insurance, if you own a car. Four wheelers are expensive, susceptible to damage, and capable of substantial harm. You run a significant chance of putting yourself in danger if you don’t have comprehensive car insurance that includes additional car insurance benefits

The following are the top reasons for getting a car insurance:

  1. Illegal to drive: According to the Motor Vehicle Act of 1988, it is prohibited to drive a vehicle without insurance. All vehicles must have third-party car insurance in order to lawfully operate on Indian roads, according to the government.

According to the amendment in Motor Vehicle Act in 2019, the first offence of driving without insurance carries a Rs. 2,000 fine and/or a maximum three-month sentence in prison. Previously, the penalty was a fine of Rs. 1,000 or up to three months in jail.

If you continue to operate a vehicle without insurance for a second time, you risk receiving a 4,000 rupee fine and/or up to three months in jail.[1] *

  1. Protects your future from devastating financial loss: Your future may be shielded from catastrophic financial loss thanks to car insurance. It costs hundreds and thousands of rupees to replace a totalled car, and even ‘small’ things like a new hood can easily cost several thousands. 

Without insurance, you will be forced to pay for these expenses from your pocket, which could put you in a long debt period. *

  1. Gives you freedom: Car insurance gives you the freedom to travel everywhere in your car. It helps you to commute to work, your children to school, and enjoy leisure family trips. You would be protected against losing your car if you have insurance. *
  1. Be ready for the worst: Accidents are unpredictable. According to figures from the car insurance industry, people experience three to four accidents on average throughout their lifetime [2]. It is wishful thinking to put off purchasing car insurance because you believe the worst will never happen to you. Third party insurance benefits come in handy at these times.

Most car insurance policies typically cover accidents. Your  4 wheeler insurance will help you prevent significant financial loss if your car gets stolen, vandalised, or damaged. *

  1. Peace of mind: Do you want to drive around every day fearing a financial catastrophe? That’s exactly how it will feel if you are driving without insurance. Car insurance may cost you a bit, but it also protects your mental and financial well-being. *

* Standard T&C Apply

We hope all the above reasons make you feel happy about owning a car and having a valid insurance for it. If you are looking to buy or renew your car insurance, then a lot of insurance websites and local agents/representatives will be pleased to help in selecting the right type of coverage that you may require. 

By comparing two or three car insurance policies online, you may easily find the proper coverage at the right price. A car insurance calculator that is available on various insurance websites will help you find the premium of your car instantly. 

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.