Can I Buy Car Insurance Before Buying A Car?

Owning a car or four-wheeler is a significant step in an individual's life. People dream of buying their favourite luxury or family car once financially independent. So in case of any minor or significant accident, you don't want to put your possession at risk. That's why having car insurance is essential.

As per Indian motor laws, having car insurance is mandatory. The owner might have to pay hefty fines if the vehicle is found on the road running without insurance.

Further, insurance coverage will safeguard your finances in case of an accident. But the one question often arises is whether it is possible to buy car insurance before buying a car. Buying car insurance before purchasing a car is impossible since the document requires the vehicle number and details.

But one can leverage their time by comparing car insurance policies.

When we take a lot of time deciding which car or vehicle to buy, why are we rushing car insurance? Having the right four-wheeler insurance plan on your side is essential. And that will only happen if you compare car insurance options.

Choosing the best car insurance before buying a car can be done through the comfort of your couch as long as you are connected to the internet.

Step 1: Go to the official website of the Tata AIG.

Step 2: Head to the "All products" section, where multiple options will appear. Select "Car Insurance" in the Motor Insurance section.

Step 3: To get the quote, you need to enter the vehicle registration number and select "Renew" or "Get Price".

Step 4: Choose the car from the list after choosing the suitable option.

Step 5: Next, you need to provide the car model details and registration year, fuel type and more, as the portal asks.

Step 6: After providing all the details, you will get the complete four wheeler insurance quotation offered by different insurance companies.

Step 7: You can compare car insurance plans for your brand-new car based on your budget and preferences.

Step 8: Select the plan and include add-ons if you want to purchase the car insurance policy.

Step 9: Once sure, you must pay the policy amount using any online payment method.

Step 10: After the successful transaction, the policy will be issued immediately to the owner's given email address.

Hasty decisions often lead to regrets, so it is essential to factor in some points before buying car insurance. People buy car insurance out of obligation and ignore necessities such as vehicle theft. In such cases, dealing with agents can be excruciating at the time of accidents since the policy you are using doesn't provide enhanced coverage to your vehicle.

Below are some factors that will help you make the right decisions.

Comprehensive coverage: The first thing to check when comparing insurance plans is the type of coverage offered. While third-party insurance is mandatory, choosing the comprehensive car insurance plan offers wide coverage in case of incidents. It covers third-party liabilities and protects from unseen natural and man-made disasters like fire, theft, personal accident, etc.

Services offered: The next thing when choosing insurance before buying a car is the type of services offered by the insurance company. The insurance company that has been in the market for quite some time offers top-notch support to their customers. They won't take days to respond to your queries. A reputable car insurance company will help customers choose the right car insurance policy throughout the buying process. It is best to check the online reviews and claim settlement ratio before picking the insurance company.

Additional covers: Another thing to factor while buying car insurance before buying a car is the availability of additional covers. Every individual has distinct needs; based on that, the insurance company starts offering add-ons. One can enhance their policy coverage by including add-ons such as zero-depreciation cover, engine security, roadside assistance and more. Check for the type of additional cover you need in the insurance company and, based on that, make decisions.

Insured declared value: Further, the whole point of taking a car insurance policy is to avoid the financial burden in case of any mishap. IDV or insured declared value is the amount the policy company decides to pay the customers in case of vehicle damage. Every car insurance company has a different IDV, so it is best to compare the insurance plans for IDV.

Cashless garages: Last but not least, if the insurance company is tied up with cashless garages. These are the network of garages that repair the vehicle in case of accidents without asking for any amount. The repair cost is further covered by the insurance company directly to garages. In that way, the car owner's monthly budget will not be affected due to unforeseen circumstances.

You will undoubtedly need insurance to get behind the wheel, even considering buying a used car. To get the insurance, add your used car to the existing car insurance policy plan if you have multiple vehicles at home.

If not, then you can take a new policy for your used car. To get the quotation for the premium amount for a used car, you need to provide specific details such as:

• Documents that verify the car's previous ownership.

• Assisting document to verify the claim details of previous insurance policy, if any.

• Details of car insurance, if there is any.

Buying car insurance before buying a car is impossible. But once you have a car, you must have four-wheeler insurance before getting behind the wheel. The motor law doesn't allow uninsured vehicles to be on the road.

And in case you are doing that, you are simply violating the law. That's why knowing car insurance quotations is essential even if you don't have a car yet but thinking of buying it soon.

Tata AIG car insurance plans are available to meet the varying needs of individuals. With its online insurance calculator, you can easily compare car insurance policies in a matter of time. Buy a car insurance plan now.

Do we need insurance before car registration?

Insurance before car registration is impossible since insurance companies ask for vehicle registration numbers.

Is it mandatory to buy car insurance for a new car?

Yes, as per the motor laws, having third-party insurance is necessary before getting behind the wheel.

What is the period of new car insurance?

The new cars must be insured for 3 years as per the guidelines of IRDAI.