Category: Auto Insurance

If you are looking for the best car insurance in India, then you must do your research.    You can visit the websites of various insurance companies, and compare policies and quotes to find the best car insurance. Or, you may visit one of the several quotes comparison websites where you can find and compare plans and premiums of many insurers. You can filter results based on policy features, benefits, discounts etc. This will help you in finding the best car insurance according to your requirement and budget.

However, do not go blindly for the cheapest plan in the search result without looking closely into the inclusions and exclusions under the policy. While you may feel it unnecessary to invest a lot of money in the best car insurance in India for an uncertain situation in the future, and that too without any money-back guarantee, it is still advised to have your back covered at all times.

So, while choosing car insurance online, keep these things in mind:

• High premium policies usually provide extensive coverage

Before purchasing car insurance online, go through the features carefully. You will find that policies with low premiums usually have certain limitations in their coverage. Initially, you may save on your premium but in case of damage, you will have to pay the major part of the expenses out of your own pocket. The insurer will be paying only a part of the compensation amount. Before finalising what you think is the best car insurance, go through the exclusions and terms and conditions to know what the insurer will cover. This would help you in selecting a policy that would provide maximum coverage even if the premium is high.

• A third-party liability policy provides limited coverage

A third-party liability policy is mandatory for any four-wheeler owner. Most of you may think that it is the best car insurance in India as it is affordable and sufficient because it would take care of the legal and financial expenses if an accident happens. However, you need to reconsider your decision if you have a car that is not too old. The third-party policy premium is fixed by the IRDAI (Insurance Regulatory and Development Authority of India) in such a way that it is not heavy on the pocket and provides only basic coverage. This is fine as long as your car is not damaged in an accident. If your car is badly hit, you will not get any cover under this policy. The entire repairing or replacement cost would be on you. A third-party policy covers losses related only to the third-party property damage, physical injury and damage to their vehicle.

• Own damage policy is better but not adequate

If you buy own damage car insurance online by paying an extra premium you may be satisfied thinking that it will cover both accidental and non-accidental damages. However, there would be certain exclusions such as depreciation, regular wear and tear, certain non-accidental damages etc. You can find them on the policy document.

The extent of coverage can be increased by buying the suitable add-on covers at an additional premium. Add-on covers cannot be combined with standalone third-party policy.

• Should you buy comprehensive car insurance online?

A comprehensive policy contains the features of both a third-party and own damage policy. Besides, you can buy add-on covers based on your requirements. For imported or expensive cars brands such as Mercedes, BMW, Audi, or even a brand-new sedan or SUV, the cost of replacement or repairing would be quite high. In certain cases, the car parts have to be imported. So, investing in comprehensive car insurance online with suitable add-ons would be a good option. It would save your future expenses. For damage beyond repair or car theft, your insurer would pay the entire sum insured which is equal to the IDV (Insured Declared Value) or market value of the car.

The above tips would help you to decide on a suitable policy for your car. While buying car insurance online, you have to keep in mind that extensive coverage is more important than a low premium. So, select a policy that fulfils this condition besides taking care of your need and budget.

The VIN is an identifying number used by the automotive industry worldwide. With the VIN, you can recognize a vehicle as a unique example, preventing fraud.

The VIN is an identification number for each vehicle used by the global automotive industry to identify a unique car. This standard is valid for all types of vehicles, including motorcycles, scooters, and vehicles. The VIN consists of 17 characters and cannot include the letters I, O, or Q 

• The first 3 digits of the VIN identify the vehicle manufacturer worldwide.
• The next 6 digits of the VIN are called VDS (vehicle description section) and identify the vehicle’s general characteristics.
• The last 8 digits are called VIS (vehicle identifier section). This series of numbers identifies aspects of a particular vehicle. In this series, for example, the type of engine and type of transmission is specified.

Why is it important to know the VIN of a car?

When reviewing a used car that you plan to buy, it is important that you physically check the VIN and verify that it matches the vehicle’s official records. If the VIN is erased, poorly readable, or with clear signs of tampering, these may indicate that it is a case of cloning. A car with a clear VIN that matches the vehicle’s registrations is a sign of transparency that you should demand from the seller.

Where do you find the VIN of a car?

The following image summarizes the most common places you can find the VIN:

The VIN is composed, in the case of modern vehicles, of 17 digits, where through some codes, we can know the country where the vehicle was manufactured, the brand, the manufacturer (brand and manufacturer do not have to coincide), the type, the production number, etc. There are also cars with 18-digit VINs. They are those who have undergone a replacement of the part where the VIN is stamped. From the factory itself, the stamped part is sent to the workshop with the original VIN followed by an R. You can get all information about the vehicle from the Free VIN decoder.

The exception is always older vehicles, whose VINs do not have to be 17 digits long. This data is especially important to historians and collectors. Certain VINs can mean a much higher value, such as the first unit of all, or the one that identifies a very specific car, such as Elvis Presley’s BMW 507 Roadster.

There are pages, such as https://checkcar4free.com/with, in which you can know the VIN and chassis number that have been registered for ONE vehicle in the civil registry. In this way, you can avoid fraud when, for example, buying a used car.

If you want to sell your vehicle, you can either choose to sell the car to an outside party – someone who will visit you at your house, or you can go online. If you choose to go online, you will find that this is a safer alternative – one that will reap you better and faster results.

Sell Your Vehicle Online and Make Things Easy

That is why many car owners prefer to visit a rated sell your car company in Wakefield online. By taking this step, they can avoid all the hassles involved in selling their car to an individual – someone who they do not know and who may not be reliable. By taking this step, they can sell their car and place the money down on a new car, or use the money for any purpose they like.

What You Need to Include

If you have decided to sell your car, but you do not want to advertise it for sale, you can easily take care of the process on the Internet. Simply input your car’s information to receive a valuation online. When you visit a site, you will need to include the following:

• The registration number of your vehicle.
• The make of the car.
• The model of the car.
• The year of the auto.
• How much mileage the car displays.

After you input this data, you need to insert your contact information, or your name, email, and telephone number. You can also go to a full-service site any check out the vehicles that are for sale. Not only can you buy a car on the site, but you can sell your current vehicle, as well.

In the recent years, technology innovations in the automotive industry have made roads safer, with fewer accident occurrences, and this has directly affected the auto insurance industry. This, in turn, has made innovations and development in auto insurance technology inevitable, as insurance companies have to explore new ways to best price risks, invent and underwrite new products to best fit the evolving markets.

There is so much on-going development in entire insurance technology, as well as here at Hammer Insurance.

Here’s what to expect from the automotive industry, which would directly affect the auto insurance industry in the next 5 to 10 years.

Driverless Cars

These offer better safety for drivers, reducing traffic crashes by 94%. But this is still in theory stage, and yet to be tested in the real world. The Word is, these cars will soon be available on the market, and the insurance industry will have to keep up.

There are a couple of questions around this theory. Will accidents occur as often? If not, will there be any need for auto insurance?

Well, some of these questions have been answered. Some of these automotive companies have the new driverless cars installed with automated driving systems with instant brakes and lane-changers, ability to analyze traffic lights and speed limit lights, just to mention a few. All these works together towards reducing the number of accidents and ultimately reduce the costs of insurance policies.

Event Data Recorders

Almost every new car now is installed with EDR’s which are sometimes referred to as a car’s “black box.” These compile all the data from each of the numerous sensors and computers in a car, that continuously take note of every detail of a car’s performance, be it it’s speed, fuel consumption, some even keep track of the state of the car’s airbags. EDR’s store all this should it be needed in the future.

For instance, in the event of an accident, experts review the data to see if the driver took safety precautions like wearing a seatbelt if he or she tried to apply brakes if there were other passengers in the car at the time of the accident. This information goes a long way to determine the course for insurance claims.

Mobile Technology

With modernization everywhere, Hammer Insurance rancho Cucamonga, among other insurance companies have also had to change the way of doing business and now deal with customers more directly.

There are now mobile applications that helps offer and compare quotes, access information, report claims, just to name a few. With this cutting-edge technology, policyholders can now file claims, access and transmit live car data and images, to help speed up the claims process.

The Web World Advantage

Data and information on policyholders are available everywhere. There’s an immense amount of data accessible through many platforms, mainly through the social media platform. This means we can have access to data on any of our clients.

This combined with EDR and mobile technologies help us articulate actuarial models by studying drivers’ behaviors, to give our customers the ultimate Hammer Insurance experience.