Pune, the cultural and educational hub nestled in the western state of Maharashtra, boasts a unique blend of tradition and modernity. And on its streets, one can see a number of cars whizzing by and navigating their way across the bikes and trucks and three-wheelers that also seem to call the streets home. Amidst all the traffic and the random pedestrians also walking om the same street, the need for car insurance in Pune is something no one should ignore.
Let’s understand the process of purchasing and renewing car insurance in Pune, and the factors to consider for the process.
Four-Wheeler Insurance In Pune: What To Know
has different types of policies, namely third-party, standalone, and comprehensive. Each policy offers different coverage to the insured. A third-party policy covers only third-party damages. It is also mandatory under the Motor Vehicles Act of 1989. A standalone policy covers own damages only and has the option of customisation. A comprehensive policy covers both third-party and own damages and also has the option of customisation.
Claims are subject to terms and conditions set forth under motor insurance policy.*
In Pune, where traffic conditions can vary from chaotic city streets to serene outskirts, it is important to evaluate your needs before purchasing motor insurance
Steps To Purchase A Policy
Follow these steps to purchase car insurance in Pune with ease:
It is vital to browse the products offered by different insurers, to get a proper understanding. It can be easily done online. You can read reviews on websites WHICH describe customer experience. You can compare insurers on factors such as claim settlement ratio, after sales services, and pricing.
Getting A Quote
It is easy to get a rough estimate on what the policy might cost you with the help of a car insurance calculator
. Almost all insurance companies have it on their website. Based on the information you put in the calculator, you are presented with a quote, which tells you the amount of money you need to put in.
Understanding The Policy
Before you select any policy, it is important to read the policy document to understand the coverage, inclusions, and exclusions. This reduces any chances of confusion that may arise at the time of claim settlement.
You have two options to purchase the policy: online and offline. In the online process, you need to visit the website of your preferred insurer and select the purchase option. You need to provide contact details and car details, select the type of policy, and pay for the policy online.
For the offline process, you can get in touch with an insurance agent from the company of your liking. Alternatively, you can reach out to the company through their website and inform them of your intention of wanting to purchase the policy from them, following which an agent will contact you.
What Affects The Cost Of Insurance
Several factors influence car insurance
premiums in Pune. Key factors include:
Age Of The Vehicle
The age of the vehicle plays a significant part in deciding the price of your policy. Newly purchased vehicles usually cost higher as compared to older vehicles, which become a lesser liability with time.*
Pune’s diverse topography and varying traffic conditions may impact your premiums. Living in areas prone to accidents or theft can also influence the cost of coverage.
Factors To Consider While Renewing Insurance
To be able to safeguard your vehicle from mishaps in Pune, it is important to renew car insurance
to get uninterrupted coverage. Here are the factors to consider when renewing the policy:
Initiate the renewal process well before the policy expires. This reduces any last moment rush to renew the policy. It also allows you to take the time to check for other insurers if you are looking for a switch.
If you want to upgrade or downgrade your policy, it is important to understand your requirement. Budget, age of the car, and the locality are some of the factors you need to take into consideration.
A major part of buying a policy is the service that the insurer provides to the policyholder. This includes claim settlement, updating on queries, response time for any grievance, and other such factors. If you feel that your current insurer is not up to the mark, you have the option of changing your insurer before renewal.
The process of renewing is the same as buying the policy. For online renewal, you need to select the renew policy option on the website of your insurer, add your policy details, select the policy you want, and pay online. For offline renewal, you can visit your insurance agent and follow the process.
Pune as a city has a lot to offer. But road safety cannot be always guaranteed. It is important to at least control one aspect of protection, which is by purchasing car insurance in Pune. The coverage and the benefits make it a great addition to your driving experience in Pune, while meeting the legal requirements at the same time.
*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.