Get NCB

NCB is a discount only available on the renewal of policy. It is the insurer's reward to the policyholder for not making a claim in the preceding years. Always try to not make small claims that you can pay out alone. After five claim free years, NCB will be up to 50%.

Becomes members of AAI or WIAA

AAI stands for Automobile Association of India and WIAA for Western India Automobile Association. These are bodies empowered by the Motor Vehicles Act and Rules. You will get discounts on premium if you are members of these associations.

Install anti-theft devices

It is always preferable to install anti-theft devices in your car. By showing these to your insurance company you can win trust over them. When you make efforts to safeguard your vehicle, that help the insurance companies to reduce claims.They will offer you a discount of minimum 5% on your premiums. Install a device approved by the Automobile Research Association of India (ARAI). Then you will get a good discount on your premium.

Decide good IDV

Insured Declared Value is the maximum Sum Assured fixed by the insurer which is provided on theft or total loss of your vehicle. IDV is the full market value of the car. The IDV affects your premium amount. If the calculated IDV is higher, you pay a higher premium. However, you can opt to lower your IDV to reduce your insurance premium.

Discount for profession

Insurance companies give different discounts to different people. For a student, the discounts will be less, but for government employees, doctors, army personnel etc the discounts will be high. You will get discounts on your premium according to the work you do.

Compare policies

If you are renewing your car insurance policy just compare the premiums and benefits offered by different companies. Now, you can compare the premiums online. Select a policy that can works best according to your needs. Get rid of features that you do not need.