Five Things You Should Know While Buying Car Insurance

Buying any insurance is a tiresome process keeping in mind the different rates from companies, and having confusion regarding what policy suits someone. Car insurance is no different!

Below are the five things which you should keep in mind when buying a car insurance.

1.    Every car insurance company charge differently for the same amount of coverage, as they use a diverse set of criteria for underwriting. So, it's always better to compare different policies and choose the one which best suits your pocket as well as your needs

2.    Mode of premium payment also makes a difference. Some companies offer discounts when paying with a credit card. Choosing the correct option can save you a lot of money

3.    Never ever think of letting your policy lapse, as in certain situations you will end up paying more when you renew the car insurance. This is because many insurance companies think that drivers who do not have taken any insurance are irresponsible, even though have driving licence

4.    It is very important to know what exactly your standard insurance policy covers, because it may sometimes happen that the policy is covering theft and accidental damages, but not all parts of the vehicle

5.    These days people are fond of customising their cars. Whenever going for customisation, make sure the changes don't annul the insurance. Many companies do not include engine or mechanical changes to standard cover, and moreover, there is always a limit to the value of customisation that can be insured under any policy. Same goes for whether the vehicle has CNG kit or not.