If you are planning to be one of the more than 4.8 million car owners in India, then the first thing you should know is that before you will be able to register your car for use, you have to have Auto Insurance Coverage.

Now, contrary to what many may believe, auto insurance is not generic, or the same for all types of vehicles. Different vehicles warrant different types of insurance from the many possible providers. Generally there is the usual Car Insurance, Two-Wheeler Insurance for motorcycles which a common mode of transportation in the country, and Commercial Vehicle Insurance for vehicles that are intended for business purposes.

Before you head out and get yourself enrolled in an insurance scheme however, it may be wise to do a little shopping around for which type you need, and from which provider to get it from.

We have listed some useful tips that may help you in your hunt for the prefect Auto Insurance Policy.

1. Decide on which car you want to buy, or if you already have the car, do some research on how much it would cost to insure your car based on make and model. Some companies charge more for certain types of cars, although since they are all in competition with one another, it is quite easy to find companies that will offer lower premiums than others. This is a marketing strategy that you should take full advantage of.

2. Remember to always ask which claims are deductible. These are the claims that you have pay out of your own pocket when something happens, and the Insuring party reimburses you for these expenses afterwords when the claim process is done. Always go for the company that gives the highest deductible value.

3. Do not be afraid to ask for discounts. If you own a car that has some added features, then you might be entitled to a certain amount of discount. Some companies even offer discounts if you agree to insure more than just your vehicle with them.

4. You may think you'll probable save more by going with a small Insurance company, but before you make your final decision, find out if they are a stable company that will be reliable enough to come through for you when the time comes for them to deliver. In any case, it is advisable to always try and secure vehicle insurance from a reputable firm.

5. Finding an Insurance company that is less expensive than others is one thing, but knowing how fast they can assist you in times of trouble is another. Always ask how swiftly they can process claims, and how long it would take to reimburse deductibles. Remember, value is multiplied when you are lucky enough to find a company that is both responsive and responsible.

6. Sign up only when you are comfortable that you are getting your money's worth, and that you are secured should anything untoward happen. People in general are intuitive and know when they have a sound deal in front of them. Never sign up if you are not convinced of the companys reputation and reliability.

Always consider vehicle insurance as an investment. It is unwise to take this matter lightly, as it may lead to serious ramifications in the long run. It is better to start out safe and secure than to end up at the losing end if anything goes wrong.

If you're applying for auto insurance for the first time or are looking to switch companies, there are a number of important decisions you'll need to make. These decisions can play a large role in determining how much you'll need to pay and what kind of coverage you have in the event of an accident. Don't go lightly into these decisions.

Do I Really Need Insurance?

Anyone who is faced with buying coverage they can't really afford has at least flirted with the notion of driving uninsured. This decision basically comes down to weighing one thing: the risk of having an accident or getting pulled over against the benefits of saving a lot of money. When it comes down to it, however, there really is no decision to be made here. Your state is likely aware of whether or not you are insured, regardless of whether or not you get pulled over. Your driver's license will probably be suspended if you are uninsured for kibg. So then it comes down to driving on a suspended license. Make that choice if you must, but jail time will follow if you are caught.

What Is The Coverage Amount?

While every state in the country insists that drivers have auto insurance, there is typically a minimum amount of coverage required. This coverage will protect you and other drivers in the event of an accident, but it will do little more. It won't cover you if an act of god damages your vehicle, it won't cover damage done in an accident with an uninsured driver, and it will not cover your medical bills should you be injured. These are big considerations you should think about when signing up for a package. Accidents happen and the costs can rack up rather quickly. Don't get caught in a situation where your financial life goes into a tailspin because of something beyond your control.

How Much Is The Deductible?

The general rule when it comes to buying insurance is that you have a choice. You can opt for a higher deductible, which will translate to a lower premium, or you can have the opposite. Which you choose is up to you. Generally speaking, the wisest choice is to pick the highest deductible you can pay in the event of an accident. Having said that, don't pick a figure you could only possibly pay or you might be able to pay. Pick something you will definitely be able to pay. If this is considerably low, you'll have to pay a higher price for your premium, but it will be worth it if you get into an accident.

Obviously, when you need protection for your vehicle, car insurance will be the first option that comes to your mind. You can look for other product. But it is certainly challenging to do so and it can take up a lot of your resources by taking this route. Furthermore, auto insurance is a must. So why not capitalize on this and take up a good car insurance policy for your family?

Regarding your auto insurance, you may have easily overlooked a few points that are important though checks were made before. At times, we need a fresh pair of eyes to check things for us. There are times when we are blinded to the mistakes we make. And this can happen to your application form. What you can do is get someone to go through your work. A family member or a friend you trust will be a very good candidate. In this case, you will have someone accompanying you and things will not get too boring. At times, fatigue may set in too.

Third party insurance and comprehensive package are two of the three options you have to insure your car. The good thing about a comprehensive insurance is the range of coverage it provides. Not only will the insurance company pay for the necessary compensation you have to make, it will also offer to repair your car at any of the affiliated workshops available in case it gets damaged by any cause. And if your car is stolen, the insurer will assess what the market value of your car is and write a cheque to compensate you for the loss.

There are different claims you can make, based on what is written in the policy document. But there are exclusions too. This is a piece of literature filled with legal terms and conditions that are binding to both the insurer and the insured. Some legal professionals crafted this piece of document. As such, it is legally binding and the insurer has to do all they promise no matter whether they like it or not. Thus it will be good to find out what each line in the document says. As a last resort, you can reach the insurer by phone. Then and only then will you be able to find out different things you want to know.

Life insurance is not the same as car insurance. Unfortunately car insurance renewal does not require the same thinking process as when you were getting some form of health insurance or life insurance. And if the vehicle you drive is not common within your country, there will be more differences. In order to cover your protection requirement, you need to look out for riders you may not have encountered. In case bad things happen, you can have the assurance that your money in the bank will be safe. As this is within your interest, you must treat this with care.

The question that many car owners have in their mind about car insurance is never answered. It is possible that they do not know what to ask to they can have deeper insight. If this is you, then there is a good idea here you can use. Compile all the questions and email them to the insurer.