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…if you don’t care about your money, or about your car.
If you do care about either – comparing policies is an absolute must. Here’s why –
Not all policies have the same rates. Insurance companies give variable pricing and discounts depending the Make, Model, and Age of your car, among several other factors.
At Coverfox, you can compare quotes from 12+ Car Insurance companies in a matter of seconds to get the best possible rates for your policy.
Premium rates change dramatically based on your choice of IDV and Add-ons. A lower IDV and Voluntary Deductible Option would drastically reduce your premium rates. But these choices can have undesired outcomes at the time of claim.
We suggest you the best value-for-money deal based on the data we have collected from our thousands of transactions. But you have the power to customize your policy exactly the way you want, and get real time quotes from leading insurance companies in India.
There are other factors to finding the right policy like – garage network for your car and the reputation of an Insurance firm when it comes to settling claims. Our experts will give you unbiased advice, but it’s always good to know what others like you are buying.
We go through all our transactions and recommend you policies that people like you are buying. We look for the brand preferred by people living near you and who have a similar car as yours – and highlight the same.
Car Insurance add-ons can prove very powerful at the time of claims and can help you save tons of money. If you don’t know about these add-ons and how they work, we highly recommend you read – our comprehensive guide to Car Insurance add-ons.
The catch is – not all the insurance companies provide every add-on. You can compare which companies give you the add-ons you need, and which don’t to make your choice.
Every insurance company gives some discount against the Own Damage component of your car insurance. This discount varies from one insurance company to another for your car.
Compare and find out which policy gives you the most discount for your car. At Coverfox, we have negotiated upto 60% discounts with the insurance companies!
Let your car dealer pitch car insurance plans to you. Hear out all the recommendations your friends have to offer. Listen to the local agent your Dad has been buying insurance from. But, once… just once – try Coverfox and compare car insurance.
The simplest way to buy insurance is – Online. The most transparent medium to compare insurance is – Online. The cheapest rates for insurance are available… you guessed it right – Online.
You don’t have to take our word for it. Try it out yourself! Insurance companies save loads of money in logistics and salaries by selling insurance online over other channels, and they pass that benefit to you – the consumer – by giving discounted rates.
Have a go-to garage for your car? Most of us have one. Check which garages are covered under ‘Cashless claims’ for every insurance company.
You can use our handy tool here get to compare cashless garage network of Insurance companies.
IDV should be kept optimum. And not super low. Will lower the premium but you’ll be at a loss in case of theft / total damage.
NCB can give big discounts. But wrong NCB can lead to additional payments later or worse – claim rejection. Check and confirm previous NCB.
Watch this 2 min video on how to save money on Car Insurance Understand what are add-ons and how can they help you.
Congratulations! You’ve made the smart choice for picking up insurance – comparing online.
Here’s a step by step guide to picking the right policy -
Take Coverfox for a spin - Give us a few details about your car and previous policy (if any). These details are required to fetch accurate quotes from all the insurance companies, and give you the best rates possible.
Within seconds of you giving us your details, we’ll serve you the cheapest quotes from 20+ Insurers. You can play with IDV, NCB, and the add-ons to get the policy you want. If you don’t understand any terms, or need help in picking the right plan, you can always reach us on 022-33835432 (Toll Free).
Note: We highly recommend that you add the zero depreciation cover if your car is less than 5 yrs. old.
Check the premium breakup and policy terms to confirm everything looks good with the policy you intend to buy.
Give some more details about yourself in order to generate a policy against your name.
Confirm that your personal information and your car’s details are all right. This is important because incorrect information may lead to claim rejections later.
Go ahead - Pay online and get instant policy in your inbox! That’s it. You are now part of the Coverfox family, and we are so very happy to welcome you!
There are several car insurance companies in the market. You would want to check quotes on all of them, but it is a difficult thing to do. Online comparison, on a site like Coverfox, can be done from the comfort of your home. You get to see quotes of different insurance companies on one single platform, helping you make the right choice.
You get to understand your ideal coverage, the right price and possible discounts. You also get clarity about deductibles and exclusions with the help of insurance experts and advisors. This fastens up your buying decisions as well as you can purchase the policy easily and instantly online.
What you see is what you get! Comparing car insurance online is much better as you can clearly see details of the product that insurers have to offer. You can compare to see who is charging higher premiums and on what grounds they do so. Further, you can also read reviews about the different car insurance plans and then make your choice.
What parameters should I keep in mind while comparing car insurance quotes?
While doing a car insurance comparison, you need to consider the amount you are willing to pay as premium with respect to the best coverage options available. Depending on the car model, engine type, and your area of residence, you need to understand what are your car insurance requirements and limitations.
A little background research is required on the insurance companies. Compare premium breakup of quotes by different insurers. Check if the Insured Declared Value (IDV) is optimum enough to save you from total losses of your vehicle in the event of an accident or theft.
Choose add-on covers, like zero-depreciation cover, as per your requirement. Apply discounts (like No-claim Bonus on own-damage premium) and then compare to see if the insurance quote provides value for money.
How does Coverfox.com assist me with car insurance comparison?
When you compare quotes on Coverfox.com, you get to customize your car insurance premium based on the different insurers available, the IDV and add-on covers. You can schedule inspection of your car if required by the insurance company. In case you do not understand the plan that you choose or any other aspect of the plan that you wish to buy, then our expert advisors are available to guide you through the process.
Can I expect the quotes to change if I compare now and then try again after few hours?
It won’t change in few hours. However, it may change after every 15 days only if insurance companies update their insurance prices. In such cases, the insurance quotes may increase or decrease. However, note that each year, IRDAI revises the third-party rates, so you would find a change in quotes annually due to revision in third-party part of the premium.
If I have viewed quotes for comparison and want to save them so that I can review them later, is it possible to save quotes?
For this, you can bookmark the URL and then view the quotes as per your convenience.
Another option that you have on Coverfox.com is to view your quote and click on the button ‘shares these quotes’ and then copy paste the link and save it somewhere. Perhaps if you want to show these quotes to your dad or a friend, you could do so easily via the share button.
Will my premium get cheaper each year if I stick to the same insurer?
No it is not necessary that your premium will get cheaper if you stay with the same insurer. Insurers usually don’t offer retention discounts online. They may have their own discounts to offer – Example: Occupation discount, etc.
If at all your premium decreases it could be because your IDV has reduced. Or perhaps, you had a claim-free year so you can ask for NCB discount. Or perhaps you chose to discontinue certain add-on covers. For example, you may have had a zero-depreciation add-on but that would be valid only till the 5th year. From the 6th year onwards, since the add-on is discontinued, your premium is lowered by default.
Your premium could also increase, if you may have added few more add-ons such as personal accident cover add-on or accessories cover add-on. Sometimes, due to increase in taxes, the premiums can increase.