The document discusses why car insurance is compulsory and provides tips for purchasing car insurance. It explains that accidents can happen to even skilled drivers through no fault of their own, such as from falling trees or other vehicles. While third party liability insurance is required, owners can choose to purchase additional own damage coverage or seek to lower premiums through options like voluntary deductibles. The document advises car owners to carefully review coverage needs, driving records, available discounts and company reputations when comparing and purchasing insurance.

1. Am I a Safe Driver…..?

2. I have seen people feeling offended when they are told that it is
compulsory for them to buy car insurance if they own a car. Many
car owners perceive that if they choose to buy car insurance it
signals that they are not confident about their own skills as a driver.
What car owners need to realize here is that accidents are
unfortunate events and can happen to the most skilled person in the
art. It need not necessarily be the mistake of the driver and could be
an outcome of a suddenly falling tree or another car crossing the
divider and colliding with your car.
Why is Car Insurance Compulsory For Me?

3. There are two parts of a car
insurance Policy – a third party
insurance cover and an own
damage cover. It is compulsory
for car owners to purchase the
third party liability cover, while
they can skip the own damage
cover if they wish. But I would
not suggest even the best of
drivers to skip buying own
damage cover.

4. Accidents don’t tell you when they are
going to happen and hence if you own
a Comprehensive insurance Policy
you can drive with peace of mind. If
you are truly a good driver, insurance
companies have a mechanism to
reward you for your safe driving skills.
They provide a no-claim Bonus to car
owners in case they do not file a Claim
and the Bonus increases progressively
with every successive consecutive
year of no-claim.

5. Car owners confident in their
driving skills can also seek to
lower their insurance Premium by
opting for voluntary deductible. A
voluntary Deductible is the
amount that you agree to pay for
repairs above the compulsory
Deductible when you file an
insurance claim.

6. Before Purchasing Car Insurance check below points:
 How Much Coverage You Need.
 Review Your Current Insurance Policy
 Check Your Driving Record
 Solicit Competitive Quotes
 Gather Quotes and Company Information.
 Look for Discounts.
 Assess the Insurance Company's Track Record.
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