Bengaluru, which is popularly known as the Silicon Valley of India is the third-largest city and the capital of Karnataka. It is famous for its IT Hub and a high spirited nightlife, which is graced with a number of party locations, for the working people to chill out after a tiring day at the office. The city is adorned with beautiful palaces, cafes, parks, and a modern metro, which makes it one of the most crowded yet the most livable city in India.
Problems Faced by Car Owners in Bengaluru
Bengaluru car owners meet with the following challenges:
1. Overpopulated City
With the increase in the traffic on the roads of Bengaluru, the conditions are turning worse with each passing day. A research report published by the US-based National Bureau of Economic Research (NBER) recently says that Bangalore is amongst the 20 most congested cities in India. Additionally, it gets tough to commute on the roads of Bengaluru, especially during morning and evening hours.
2. Rash Driving and Heavy Traffic
Cars without a dent or scratch is a rare sight to witness in Bangalore. Besides, facing heavy traffic regularly is one of the crucial issues to be dealt with by the car owners. This condition typically emerges due to the vehicles getting overcrowded at a particular time of the day.
3. Bad Road Conditions
A major portion of roads in Bangalore are in a poor condition especially because of the potholes and dust. The primary reason behind it is heavy rains and floods. With such poor road conditions, it gets extremely difficult for all the drivers to commute in Bengaluru.
How To Choose Best Car Insurance Policy in Bengaluru?
With a variety of car insurance policies offered by different insurance companies in Bengaluru, it gets difficult to select the best policy for your car. Therefore, highlighted below are a few points that you should keep in mind while choosing the best policy for your car.
1. Compare Plans Online
The policyholder can compare different plans in regards to the features offered for different insurance policies. Mostly, the policyholders compare the plans on the basis of premium amount, coverage offered and other different facilities such as zero depreciation, NCB benefits etc.
2. Choose Right Type of Plan
You can choose from various types of plans available that are specifically designed while keeping in mind the requirements and needs of the individual policyholder. The different types of plans on the basis of coverage offered include third party, comprehensive and standalone own damage policy.
3. Network of Cashless Garages
While choosing car insurance for yourself, make sure you check regarding the cashless settlement of the claim with the insurance provider and the network cashless garages. Such that during the time of need, the insurer himself settles the bill with the owner of the car repair workshop, thus making the insured tension free.
Ease of Policy Issuance
With the advancement of technology, it is now absolutely safe to make transactions online from the comfort of your home. Therefore, while purchasing a car insurance policy, go for a hassle-free online policy purchase, so that even at the time of renewal you can easily get your policy renewed effortlessly and quickly just in a click.
Good Customer Support
Complete assistance to the policy buyer is extended during the time of claim settlement. It should involve quick, easy, and on-time issuance of the claim at the time of need.
Types of Car Insurance in Bengaluru
There are broadly three types of car insurance policies available on the basis of the coverage offered:
1. Third Party/Liability Only Policy
The policyholder receives a claim, when they are legally held responsible at the time of an accident or mishap to any third party property.
2. Standalone Own-Damage Policy
Damages or losses caused to the car of the policyholder is covered under the Standalone own damage policy.
3. Comprehensive Car Insurance Policy
This policy is an all-inclusive car insurance policy that protects the policyholder from damages arising from any third party liability and own damages.
Basis of Coverage
Third Party Plan
Standalone Own-Damage Plan
Comprehensive Plan
Damages to a third party vehicle
✓
✘
✓
Third party bodily injuries/death
✓
✘
✓
Damages to a Third party property
✓
✘
✓
Loss/Damage to own car
✘
✓
✓