Advantages of Buying Your New Car’s Insurance Before Delivery

Buying a new car is an exciting experience, but it's important to think about insurance before you take your new car. Getting car insurance before the delivery of your vehicle offers several benefits. In this post, we will explore the advantages of getting car insurance for your new car before it hits the road. So, let’s get started!

The Importance of New Car Insurance

New car insurance is essential for safeguarding your investment. It's more than a legal requirement; it's a financial safety net. According to the Motor Vehicles Act of 1988, every vehicle owner must have at least third-party liability coverage. This basic insurance covers damages caused to third parties in accidents where you are involved. Failure to have this coverage can result in penalties. However, third-party liability insurance is just the minimum. Comprehensive car insurance plans offer broader protection, covering damages to your vehicle, personal accidents, and even theft. Investing in comprehensive car insurance ensures you're protected against a wide range of potential risks.

Advantages of Car Insurance Plans

Buying car insurance before your new car's delivery offers several advantages:

Comprehensive Protection:

Comprehensive car insurance covers a wide range of risks, including accidents, theft, natural disasters, and vandalism. It also covers damages to your vehicle and personal injuries

Third-Party Liability Coverage:

This mandatory coverage protects you against legal liabilities arising from damages caused to third parties. It ensures you are not out-of-pocket for third-party damages or injuries.

Personal Accident Cover:

Car insurance plans often include personal accident coverage, which provides financial assistance in case of injuries or death resulting from an accident. This cover ensures financial support for medical expenses or compensation to your family.

Add-on Benefits:

Add-ons like zero depreciation cover, engine protection and roadside assistance offer additional protection. Zero depreciation cover ensures you get the full claim amount without depreciation deductions. Roadside assistance provides help in case of breakdowns or emergencies.

Hassle-free Claims:

Bajaj Allianz General Insurance Company offers hassle-free claims processes. With cashless claim facilities, you can get your car repaired at network garages without paying upfront. This convenience ensures minimal disruption in case of an accident.

Why Buy Insurance Before Car Delivery?

Buying insurance before your car is delivered is crucial. Let’s understand why:

Immediate Protection:

The moment you drive your new car off the dealer's lot, it is exposed to risks like accidents or theft. Having insurance in place before delivery ensures your car is protected from day one.

Legal Compliance:

As mentioned, you must have at least third-party liability coverage. Arranging this before your car is delivered ensures you comply with legal requirements immediately.

Financial Security:

New car insurance offers financial security against unexpected events. In case of an accident, the insurance will cover repair costs, saving you from hefty expenses.

Peace of Mind:

Knowing that your car is insured provides peace of mind. You can enjoy your new vehicle without worrying about potential risks.

Factors to Consider When Buying New Car Insurance

When selecting car insurance for your new car, several factors should guide your decision:

Your Needs:

Do you need only third-party liability coverage, or do you want comprehensive protection? Consider factors like your driving habits, the car’s value, and potential risks.

Coverage:

Comprehensive plans provide extensive protection, covering damages to your car, personal accidents, and more. Ensure the coverage amount aligns with your needs.

Claim Settlement Ratio:

Choose an insurer with a high claim settlement ratio. This ratio indicates the insurer's reliability in settling claims. A higher ratio means a better chance of your claims being settled successfully.

Add-on Covers:

Consider add-on covers like zero depreciation, roadside assistance, and engine protection. These add-ons enhance your policy, providing additional benefits tailored to your needs. Choosing Bajaj Allianz General Insurance Company for insurance comes with many benefits. One of the standout features is the Zero Depreciation Cover. This means that if your car gets damaged, we will cover the full cost of repairs without deducting any amount for depreciation. You won't have to pay extra out-of-pocket expenses for plastic, rubber, and metal parts. In addition, Bajaj Allianz General Insurance Company offers 24/7 spot assistance through their Motor On-Spot service, ensuring you're never stranded in an emergency. With access to over 7,200 cashless network garages, you can get your car repaired without worrying about immediate payments. The impressive 98% claim settlement ratio means you can trust Bajaj Allianz General Insurance Company to handle your claims quickly and efficiently.

Conclusion

Buying new car insurance before your car's delivery is a smart move. It ensures immediate protection, legal compliance, and financial security. You can choose the right car insurance plan by considering factors like your needs, coverage options, and insurer reliability. Comprehensive coverage and add-on benefits enhance your policy, offering extensive protection against various risks. With the right car insurance, you can enjoy your new vehicle with peace of mind, knowing you are protected from potential financial burdens. So, before you drive your new car home, ensure you have the right insurance coverage. It's a small step that can make a big difference in protecting your valuable asset.   *Standard T&C Apply *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.