Facts about Car Insurance

  • Published on
    20-Jun-2015

  • View
    56

  • Download
    1

Embed Size (px)

DESCRIPTION

Choosing right car insurance is tough. Discover the benefits of having insurance for your car and how to get an affordable cover.

Transcript

  • 1. Car Insurance Managing the Risk

2. Did You Know? Every day, there are 3300 deaths and 6600 serious injuries on the road in the world 1.27 Million People in India sustain serious injuries due to road traffic Although India has only 1% of the worlds motor vehicles, but it accounts for 6% of the total global RTA deaths 3. What is Car Insurance? o Car insurance is an Arrangement between an individual (consumer) and an insurer (insurance company)o Protects an individual against loss due to theft or traffic accidents o It provides financial compensation to cover damage caused 4. Benefits of Motor Insurance Provides economic safety net Covers the bills of vehicle repairs Provides appropriate death benefits 5. Insurance Rate Influences Following categories influence your car insurance premium the most: Driving Record o The cleaner your driving record, the lower your premium Age o People under age 25 pay higher premiums Gender o Men have more accidents, rates may be higher Marital status o Married drivers have fewer accidents, so rates are lower 6. Save Money !! Shop around for best deals Select coverage that suites you Opt For highest deductibles Avoid expensive or high-performance vehicles Enquire and take advantage of discounts