For most of us, the step of buying and owning a car is a milestone to celebrate and becomes a cherished core memory. Given this milestone's emotional significance, it is even more important to make sure you pick the best car insurance for yourself.

A car insurance policy is not only mandatory by the Government under the Indian Motor Vehicles Act of 1988 but also an essential step in protecting yourself against any unforeseen circumstances and financial distress. When you step into the insurance market, you can be overwhelmed by the quantity of information which is why there are certain features that will help you pick the best car insurance policy in the market -

• Comprehensive Car Insurance Coverage

A comprehensive car insurance cover provides an all-round protection from own damage and third-party liabilities. Along with this, a comprehensive cover will protect you against damage by explosion, fire, theft and natural calamities, etc. This type of a cover is ideal since it gives you all-round protection.

• Choose the Right Add-Ons

An ideal car insurance plan should allow the addition of covers that will benefit you by adding some value-added features. This is a great way of customizing the car insurance plan as per your needs. Some of the common add-ons in the market are -

Ensure you purchase the add-on only if it's necessary since each of these entail a separate cost.

• Deductibles

Choosing to take up deductibles can be a great way of saving money. There are mainly two types of deductibles in the market - compulsory and voluntary. A compulsory deductible is a minimum amount that has to be paid in order to initiate the insurance claim and a voluntary one is an amount that the insurer can choose to pay.

• No Claim Bonus

An ideal car insurance policy offers a No Claim Bonus which is a discount offered at the time of renewing the car insurance for completing a claim-free year. This is a reward provided by the insurance company to the policyholder for their careful use of the car. NCB also helps determine how much you'll be able to save on your next car insurance cover.

• Network of Garages and Hospitals

One of the more important aspects to look out for when availing car insurance is the network of hospitals and garages. Most insurance companies have a range of repair shops and hospitals that they're connected with which allows cashless repairs. In such cases, car insurance companies will directly settle with the garage/hospital.

Understanding and researching different types of insurance policies is extremely essential in understanding what policy would be ideal for you. Make sure that you are aware of different terms and conditions, exclusions and inclusions before you go on to purchase a policy. You can now avail Chola MS Car Insurance cover with a click of a button.