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How to Choose the Right Car Insurance Policy

Various aids like car insurance premium calculator and 24/7 assistance for Bajaj Allianz Car Insurance renewal, helps you to choose the right car insurance policy.  

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Tesla, car insurance
A sales staff chats with a customer at a Tesla store near a poster announcing orders of the Model 3 electric cars in Beijing, China, Monday, Jan. 7, 2019. VOA

Buying a new car is always an event in a family or an individual. The joy of purchasing a car should be accentuated with a matching car insurance policy. Apart from the customary “Nimbu-Mirchi-Totka” to safeguard from an evil eye that is a ritual with any new purchase in India. It lifts the spirit, but on the ground, as you drive your favourite car on the road, you are mandated to protect yourself from the vagaries of unforeseen events. The Motor Vehicles Act, 1988 has made Third-Party Insurance compulsory for all motor vehicles on the road in India.

The need for car insurance:

The practice in India is that your car dealer includes the insurance policy in the purchase package of your new car. Though he acts as the facilitator, it is in your interest to be aware of the nuances that go into car insurance to protect you from financial losses in case of an accident. The car insurance not only covers for third-party losses but also for own damage.

Car Insurance
Directly dealing with the insurer secures you a lower premium on several features including savings on overheads that is passed on to you. Flickr

Types of car insurance:

There are broadly two types of car insurance:

  1. Third Party: This insurance policy is compulsory and compensates the victim from losses incurred on collision with your car.
  2. Comprehensive: In addition to the third party, it protects you from own damage due to the collision, personal loss and other damages by both acts of man and god.

Add-on covers:

These are necessary to enhance coverage of your car insurance. Some of the add-ons are enumerated below.

  • Zero depreciation: Covers replacement of plastic and other eligible parts ignoring the depreciation with age of the car.
  • Engine cover: For the protection of the engine from damages due to extraneous factors like flooding.
  • NCB: To continue with the year to year discounts for NCB in spite of claims in the previous year.
  • Invoice Cover: The compensation is to the tune of on-road price or full IDV in case of theft or total damage.
  • Key and lock replacement: Covers for loss due to loss of the key.
  • Round the clock roadside assistance.
  • Consumables: Covers for consumable items in the car.
  • Personal effects: Loss of personal baggage in the car.
Car Insurance
Computation of IDV is important. Lower IDV will reduce the premium, but will also impact by lesser compensation. Flickr

Inclusions in car insurance:

  • Own car damage in accidents.
  • Personal cover for death or disability due to accidents.
  • Cover for loss in natural disasters.
  • Cover up to IDV for theft.
  • Cover against human-made acts like fire, vandalism etc.

Exclusions in car insurance cover:

  • Damage caused while driving under the influence of alcohol or drug.
  • Driving without a valid license.
  • Damage suffered during involvement in illegal acts.
  • Damage out of war or nuclear risks.
  • Damage due to normal wear and tear.

Car Insurance Premium Calculator:

When opting for a preferred comprehensive insurance policy, the fundamental components that determine your premium by the car insurance premium calculator are:

  • Third party cover.
  • Own damage cover: It may vary depending on the follows.
  • IDV (Ex-Showroom price plus depreciation)
  • The capacity of the engine
  • Location of the RTO where registered.
  • Personal accident owner-driver cover.
  • Add-ons: This is variable depending on the choice.
  • GST at 18% presently.
Waymo, driverless cars, car insurance
New car buyers will compulsorily have to subscribe to third party liability cover for 3 or 5 years.

Long-term Car Insurance Policy:

IRDAI has prodded insurers to issue long duration policies for vehicles from 1st September 2018, consequent to the directive of the Supreme Court. Thus new car buyers will compulsorily have to subscribe to third party liability cover for 3 or 5 years. While these increase the cost of policy due to the upfront payment, in the long run, it works out to be economical. However, on the flip side, you lose out on annual discounts based on NCB.

Claim settlement ratio:

While buying a car insurance policy, you need to factor in the claim settlement ratio of the general insurance companies. Of the major insurers, Bajaj Allianz Car Insurance Renewal makes sense as they have consistently been in the top bracket with good claim settlement ratio.

Ways to reduce car insurance premium:

Even while you chose your policy meeting your needs, some factors may still impact the amount of premium. The various ways to lessen the premium are:

Car, insurance
Buying online insurance in UAE entitle the insurance buyer to avail exclusive offers and discounts. Pixabay
  • IDV: Computation of IDV is important. Lower IDV will reduce the premium, but will also impact by lesser compensation.
  • NCB: This factor can benefit you with up to 50% discount.
  • Security devices: Installation of ARAI approved devices like anti-theft can fetch you up to 2.5% discount.
  • AAI: AAI membership fetches you a discount on Own Damage component of premium.

Online purchase of Car Insurance:

Among the many options, the best option is to buy or renew your premium online. Let us see how it benefits:

Also Read: Insurance in 10 Years Time: What Will the Industry Look Like

  • Convenience: User-friendly portals make purchase easy from the comfort of your home at any time of the day.
  • Comparison: Multiple plans and quotes can be obtained to land the best deal.
  • Discounts: Directly dealing with the insurer secures you a lower premium on several features including savings on overheads that is passed on to you.
  • Assistance: Online assistance is just a click away.

Bottom Line:

Now that you are aware of all the nitty-gritty of car insurance, you are in a position to arrive at an informed decision. Various aids like car insurance premium calculator and 24/7 assistance for Bajaj Allianz Car Insurance renewal, helps you to choose the right car insurance policy.  

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All You Need To Know About Smittybilt Atlas Bumpers

Smittybilt has managed to do an excellent job with the new XRC Atlas front bumper

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Smittybilt
The Smittybilt front and rear XRC bumpers both have a dual-stage powder coated matte black finish which is designed to protect against corrosion and rust. Pixabay

Smittybilt Jeep bumpers have a reputation for being set apart from competitors because of their innovative styles and designs. The latest product addition to the company’s portfolio is the XRC Atlas front and rear bumpers released a few months ago. 

These latest bumpers are compatible with a range of Jeep vehicles from the 2007 Jeep Wrangler to the present model. The company owes its current success partly to the style and engineering of these new bumpers. 

The Smittybilt front and rear XRC bumpers both have a dual-stage powder coated matte black finish which is designed to protect against corrosion and rust. Their distinct design improves the vehicle’s approach to angles and tire clearance. The bumpers have been extensively tested to meet strict international pedestrian safety standards. Smittybilt has a lifetime warranty. 

The XRC Atlas front bumper, unique one of the two, has the following unique features:

 Winch mount and bolt on bull bar

Smittybilt has managed to do an excellent job with the new XRC Atlas front bumper which sports a heavy-duty winch mount, making it easier to haul and lift various objects. The winch is especially helpful for those who prefer vehicles that drive well through harsh off road terrains to avoid problems when they need to be pulled. 

This feature adds more functionality to the bumper, enabling it to go the extra mile in protecting the car’s front end. The new bumper also features a detachable bull bar to protect the automobile from collisions on the road, both accidental and intentional. It is easy to attach and remove because of its bolt-on feature, with this bumper it is easy even for people who do not have any technical skills. 

Smittybilt
Smittybilt has managed to do an excellent job with the new XRC Atlas front bumper which sports a heavy-duty winch mount.

 Auxiliary Lights Mounting

For the purpose of attaching auxiliary lights, the XRC Atlas front bumper has OE spotlight mounts and light housings. You can easily attach extra lights that make the bumper even more useful when you take a drive through low lit off-road conditions. The spotlight mount is made from the best quality materials to make sure that it is heard-wearing and can endure any driving conditions.

Accents and Skid Plates

To protect the lower engine part when you drive on bumpy roads, the Smittybilt XRC Atlas bumper has an effective skid plate making it ideal for driving on even the toughest off-road terrains. The skid plates are created from durable materials to make sure they are reliable enough to protect your Jeep. 

In addition, there are the bumper accents that contribute to the bumper’s great custom styling to give your vehicle a distinct custom look. The accents are also made from top of the range materials ensuring that they will survive over many years even when they used in harsh weather conditions.

Jeep custom bumpers

Custom or aftermarket bumpers for Jeep offer a variety of features that cannot be matched by factory bumpers. Most Jeep owners opt to customize their bumpers for the one of a kind personalized look that custom bumpers add. However, custom bumpers are designed to suit the individual needs of different types of cruisers, for example, the highway cruiser or the off-roader. By choosing a custom Jeep bumper you benefit from fuel efficiency, better clearance, extra strength among other advantages. Jeep bumpers currently in the market include:

 The Full-Width Bumper

Full-width bumpers offer full protection for the body of your car as well as fenders and tires. These bumpers are suitable for driving in heavily wooded terrain, they can clear a path through the foliage. Smittybilt full-width bumpers conveniently come with D-ring mounts and winch mounts and to help with towing from tough spots. The bumpers are modelled in a steel plate, one-piece design, welded on for stable protection. In most cases, you can install them without interrupting your factory fog lights. However some designs particular designs will require extended wiring.

Smittybilt XRC Atlas
To protect the lower engine part when you drive on bumpy roads, the Smittybilt XRC Atlas bumper has an effective skid plate making it ideal for driving on even the toughest off-road terrains. (Represenetational Image). Pixabay

 The stinger bumper

The stinger bumper is an off-road bumper with a unique design that stops your vehicle from rolling over. The bumper protrudes from the truck, keeping a safe distance between the hood and any possible obstacles. Stinger bumpers are available in various shapes, designs and styles. They come in a choice of a levelled tip, a triangle-shaped tip or a rounded arc. They may have tubes that are welded together at the tip or they have a one-piece design. They are frequently used to form ramps used to scale large trail borders. The edge that sticks out adds a touch of character to your car while increasing vehicle safety, the best of both worlds. 

 The stubby bumper

Stubby bumpers have become a popular style as they provide the most clearance angles for your car’s departure or approach. Thanks to their less intrusive cover they also offer a lot of space remaining for any more customization you may like, for example, armour or OEM fog lights. They are available in a modular and tubular design, the modular bumper offers more strength. Stubby bumpers are highly functional bumpers and winch ready, they will not disturb your factory light mounts when installed. 

 The rock crawler bumper

The rock crawler bumper is another unique minimalist design allowing for extended approach and departure angles. It is an ideal choice for off-road rock climbing because it allows your vehicle to scale rocks without interference and it protects the body from damage at the same time. This bumper also provides an option for additional customization. It comes in steel plate and tubular designs. This bumper is perfect for Jeeps with big tires because it leaves enough room for large fender flares. In most cases, rock crawler bumpers come winch ready.

Also Read- India Faces High Impact of Hacking in APAC Region: Tech Report

 The tubular bumper

The tubular bumper is the classic Jeep bumper, it works well both for the street or highway Jeep customer. The bumpers are crafted from hollow steel tubing, making them a cost-effective design. When installed they maintain the retro look of your Jeep while adding some functional custom features. These bumpers increase your Jeep’s fuel efficiency because they are light. The designers maintained their high quality, making sure they are strong enough for towing the car. if you would like to add extra protection, you can weld grille guards or bull bars onto the bumpers.