It is advisable to shop for car insurance like Bajaj Allianz car insurance before you purchase a new car. Without insurance, you might not be allowed to leave the lot in your brand-new car. To drive the car home, you must show proof of insurance.
Insurance should be budgeted along with loan payments and car maintenance. Before you buy, know the most and least expensive automobiles to insure. While many factors affect your insurance rate, the car you drive could be a big one.
Here is what you should do beforehand:
- Have a make and model in mind. You should identify the types of cars you want in car shopping.
- Understand what coverage types you’ll need. Many states in India require you to carry car liability insurance. And if you’re taking out a car loan or lease, your lender or leasing agent may need collision and comprehensive insurance.
- Compare quotes from multiple car insurance companies. An independent insurance agent or online car insurance comparison site could be an efficient way to price shop. Car insurance prices vary considerably among insurers, so you want more than one or two quotes. Ensure you compare quotes for the same coverage level to get an apples-to-apples comparison.
- Request a policy from your insurer. Having chosen a car and knowing its vehicle identification number (VIN), you should go to the dealership with your policy ready. If you don’t have the VIN, ask the agent to set up a policy with your household drivers and the vehicle’s garage address. Call the agency with the VIN to buy car insurance after choosing the car.
What Information Do You Need?
Before buying a car insurance policy, ensure that you have access to personal information for you and any other drivers who shall be listed on the policy, including:
- Driver’s license numbers for all the drivers on the policy
- Date of birth of all drivers covered in the policy
- Garaging address of the car (in most cases, your home address)
- Vehicle identification number for all vehicles you’re insuring
- Driving course certificates
- Grades for student drivers (good grades might earn a concession)
- A rough estimate of your expected car insurance premium
Car Insurance May Be High As a First-Time Buyer
If you’re a new driver or buying your first Bajaj Allianz car insurance policy, you may pay more than a long-term insured driver. That’s because car insurance companies look at driving history and insurance history when setting auto insurance rates. The less driving experience you have, the more you may file a car insurance claim.*
Young drivers happen to be inexperienced drivers. The average policy price for a driver aged 16 could be around $7,000 (approximately INR 5,79,887); at age 20, it’s about $3,200 (around INR 2,65,091) and by age 25, a bit under $2,000 (roughly INR 1,65,682).*
Other factors in the car insurance calculator of companies include:
- Type of car
- Age
- Gender
- PIN code
- Marital status
- Credit
- Education and occupation
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* 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.’