Cheapest Car Insurance Having car insurance for sure provides you a cover against vehicle injury or injuries sustained to the next party. Driving using a third party cover is legally binding, however, with an extensive insurance cover, you can get paid for your own damage. Considering that the shattered roads and unpleasant traffic requirements, it is vital that you receive a proper insurance cover for your car. If it comes to the cost of insurance, everyone must be looking for ways to reduce the premium. In this guide, we are providing you a few useful choices which would help to reduce the car insurance premium or cheapest car insurance in India.

Ways to Get Cheapest Car Insurance

1. Increase Deductible

A deductible is an amount of money you have to pay when you submit a claim. At the time of buying or at the renewal of the coverage, you have to opt for the voluntary deductible amount.
If you choose a higher deductible price, your premium will decrease. The rationale being, upon choosing a higher deductible amount, you have to pay a high amount towards the claim and the insurance company will cover you for a lesser portion of the claim amount. There's less risk on the insurer's side, so the premium levied are also the less.
Say, you have a claim of Rs 12,000 and your deductible is Rs 8,000. Within this situation, the insurance company will pay only Rs 4,000 out of its total claim amount. Your premium will also decline to a specific percentage, as applicable under the coverage.
It's advisable to increase the allowance to an extent, you can afford easily.

Car Insurance
Car Insurance

2. Accumulate No Claim Bonus (NCB)

If you do not make any claim through a previous year or consecutive policy years, you become qualified to acquire the advantage of No Claim Bonus. The NCB advantage is available on the premium component payable towards its own damage cover. This benefit can be found in the kind of premium discounts varying from 20% to 50 percent, based on the length for which you did not make the claim.
If, you get a comprehensive car insurance policy together with the top of Rs 17,000out of which the premium to your own damage cover is Rs 13,000. In the event, you did not make claim for two successive policy years, and that means you can get the NCB of 25%. With the NCB advantage, your premium will be reduced to Rs 13,750 and you save Rs 3,250 in premium due to No Claim Bonus.

3. Transfer No Claim Bonus

If you are replacing your old car with a fresh one, don't ever forget to move the No Claim Bonus. NCB is associated with the policyholder to not the motor vehicle. So, on purchasing a new car, you can easily move the NCB benefits of your old car to your recently purchased car. You just need to inform the insurance company concerning the transport of NCB and they'll issue you an NCB certification which will allow you to reduce insurance premium on a new car. The NCB certificate remains valid for three years.

4. Anti-Theft Devices

Installing anti-theft devices secure your car or truck against the probable vandalism and vandalism. It clearly reduces the likelihood of claims, so the insurance provider offers you a discount of 2.5 percent up to a max of Rs. 500. This discount is available on the Own Damage part of the annual premium amount.
When deciding upon the anti-theft device, make sure that it's approved by the Automobile Research Association of India (ARAI). You can install anti-theft devices like alarms, steering wheel lock, keyless lock apparatus, digital immobilizers, vehicle monitoring, etc..

5. Compare Plans & Purchase

All insurance companies have begun offering their programs online. When wanting to buy the best car insurance policy, it's a good idea to compare plan benefits and features online. The insurance comparison portal sites also provide you the flexibility to compare car insurance quotes online, which means that you may select cheapest car insurance that provides all the essential coverage at low premiums.
Comparing and purchasing a plan online will help you save on the insurance premium.

6. Renew Policy Before Lapse

It's suggested to renew the policy before it lapses. In the event, your car insurance lapses, you need to get fresh insurance which requires getting your vehicle inspected again and there are chances that your premium may be increased. Not only this, together with the lapse of a policy, but you'll also have to lose your accumulated NCB benefit.
If you're looking to reduce the insurance price, it's recommended to renew the policy before it lapses.

Car Insurance
Car Insurance

7. Membership of Automobile Association

Should you become a part of one of those registered automobile associations like the Automobile Association of India, then the insurance businesses offer a discount on the premium. Having a membership in the Automobile Association of India, you can get a 5 percent reduction on your own-damage premium, subject to a maximum of Rs. 200.

8. Get Only the Required Coverage

While purchasing new car insurance or renewing an existing one, it's advised to opt for the policy that you need. Possessing unnecessary add-ons or extra covers will only increase the cost. There are several add ons that can opt below a car insurance plan, including Zero Depreciation Cover, Engine Protector Cover, Roadside help Cover, Key Replacement Cover, and many more.
You just have to choose the add ons that improve the protection for your car. Choosing only the essential cover under your policy will ease your way to reduce the premium.


A car insurance policy offers cover Third-Party Liabilities and you can also obtain an Own Damage cover to secure your car or truck against probable perils. You can get the most economical and cheap insurance for your car by following the key factors discussed in this report. It would be a prudent move to do a car insurance comparison and choose the Cheapest Car Insurance policy, that offers you the essential coverage at a minimal premium.