- About Coverfox
You should buy used car insurance for the following reasons:
The premium of any second-hand car primarily is determined by the car’s IDV which is the car’s Insured Declared Value. The IDV depends on the age of the car. If the car is more than five yrs. old, then the Insured Declared Value is decided based on mutual consent between the two concerned parties.
To calculate the exact cost of used car insurance covering the above benefits, connect with us & provide your car details.
Before buying insurance for your second-hand car, please remember the following things;
Don’t think of saving on your cost by paying a lower premium. A lower premium provides a small coverage. A second hand car is more vulnerable to losses & repairs due to damages. Thus, buy a large cover.
Add-on covers provide additional protection to your second hand car. Add-on covers save your extra costs. Few Add-on covers include engine protection, zero depreciation & medical cover plan.
Always go for an insurance company that has an easy, fast & high claim settlement ratio. Research about the claim procedure thoroughly in advance.
A vehicle’s value goes down each year by a certain percentage. At the time of purchase, contact your insurance company & know the right value of your car. This helps you learn about the insurance benefits.
Car owners receive a bonus for each year they don’t make a claim. While transferring insurance after purchasing the second hand car, do not forget to transfer the no claim bonus.
Follow the steps below to transfer car ownership & insurance:
Fast Process – We provide a user-friendly experience throughout the website. You simply have to fill in the details & we quickly present you the best insurance options as per your details. To check the best second hand car insurance plans, connect with us.
You Get All Plans At One Place – Once you fill up the form & provide us with the details, our website shows you the top plans as or your requirement. You see all the plans on the same screen & you can compare better.
You Save Money – As per your details & requirements, we help you choose the perfect second hand car insurance plans. This helps you to avoid purchasing unnecessary plans & add-ons saving your money
It’s compulsory by law or you’ll be fined & even jailed. Insurance pays for your car damages & losses caused due to an accident. It also helps you to pay for third party damages & losses due to an accident.
You can simply visit coverfox.com and check the car section to know how to renew your second hand car insurance. You can even connect with us in case you want an easier process through our guidance.
A second-hand car’s premium is based on factors like its IDV, its current insurance policy details, NCB & any past claims.