Tips to Lower Your Motor Insurance Premium
Every new vehicle you buy in India comes with the dealer’s offered insurance. While very few individuals have chosen to purchase the policy individually, most of us are getting the same from the vehicle dealer. This ensures that as soon as your drive or ride your vehicle out of the showroom, your vehicle has a valid insurance. But on the other hand, the duration of these policies is limited. You generally get a motor insurance from your dealer for only one year. You have to renew it on time to continue to benefit from motor insurance characteristics and advantages. For two main reasons, it is very essential to renew the policy on time. When all cars are on Indian roads, the Motor Vehicle Act of 1988 requires them to have a valid insurance. Second, you will miss out on a few advantages and characteristics if you do not renew your policy on time. Firstly, you will end up paying for any damages or reparations if your car is accidental during the period if you do not renew this po...