Published on June 13th, 2017 | by Hazel Lopez0
Key Elements To Note When Purchasing Insurance For A Used Car
Buying a car is not only about purchasing the car alone. There are other important costs too such as purchasing insurance. No vehicle will be allowed on the road without a valid insurance cover. There are some key elements you should note before you buy a used Maruti Suzuki Wagon R registration Bangalore. The good thing is that it will not be as expensive as that of a new car.
Type of insurance
Liability coverage is a must for all cars; whether new or used. Liability coverage deals with the damages you may cause to other road users. Comprehensive coverage, on the other hand, is optional. This deals with damage due to natural events or animals. You can also pay for collision insurance. This covers damages on your car in case you hit another vehicle or object.
In case you purchase a modified car, the insurance for it will be a bit higher. Same to cars that were involved in accidents, make sure you go through the history report before buying a used car. Cars also bought on loan basis have high insurance payments.
Research on the best insurance company
Look at insurance companies with good reputation and ratings. Go through the reviews on their website. Check for a proven track record of being able to pay claims. Narrow down to at least two insurance companies that you would like to deal with.
Compare different insurance companies
Look for the insurance company with good rates in terms of the monthly payments. Ask for any discounts available. Most insurance companies don’t elaborate on the discounts rates if you don’t ask. Consider your budget too. Get a cover that is within your means that you will not strain to pay it.
Purchase insurance before purchasing the car
It may seem a bit awkward but remember your car should be covered right from the moment you drive off with it. In case you a buying a car on a weekend, the dealers may not allow you to leave with the car if you don’t have any insurance cover for it. Identify the car, get the vehicle identification number, do some due diligence then purchase a cover for it.