![]() | #3226 | |
Senior - BHPian ![]() Join Date: Jul 2006 Location: bangalore
Posts: 1,831
Thanked: 2,821 Times
| ![]() Quote:
Ideally you should have got your new car insurance for around 15000/- if you have purchased insurance in the market. You need not renew your insurance through the dealer. There won't be any claim settlement issues if it is a genuine claim, go for an reputed insurer rather than the one the dealer recommends. Don't fall for such tactics by the dealer. Last edited by speedmiester : 2nd February 2015 at 14:33. | |
![]() | ![]() |
|
![]() | #3227 |
Senior - BHPian ![]() | ![]() |
![]() |
![]() | #3228 |
Senior - BHPian ![]() Join Date: Jul 2006 Location: bangalore
Posts: 1,831
Thanked: 2,821 Times
| ![]() The higher difference from year 1 to year 2 is because you have paid more than the market price for your insurance. If you had bought your insurance for around 15K in year 1, then the price differential is around 25% which is proper considering your IDV value of 530000. |
![]() |
![]() | #3229 | |
Senior - BHPian ![]() | ![]() Quote:
Hence it is advisable to buy Insurance online rather than from the dealer. That buying an Insurance from dealer makes claim settlement easy is a myth. The above values which I quotes are basically from my experience of renewing Insurance for my Punto. | |
![]() | ![]() |
![]() | #3230 | |
Senior - BHPian ![]() | ![]() Quote:
| |
![]() |
![]() | #3231 |
BHPian Join Date: Sep 2013 Location: Hyderabad
Posts: 982
Thanked: 472 Times
| ![]() What would be the IDV for Ford Fusion 2007 model (registered in 2008)? The old policy expired in Sep,2014. How much amount will I have to pay on the insurance? Can someone help me with the calculations? |
![]() |
![]() | #3232 | |
Distinguished - BHPian ![]() ![]() Join Date: Dec 2012 Location: Ranchi
Posts: 3,998
Thanked: 8,884 Times
| ![]() Quote:
![]() | |
![]() | ![]() |
![]() | #3233 | |
BHPian Join Date: Sep 2013 Location: Hyderabad
Posts: 982
Thanked: 472 Times
| ![]() Quote:
![]() ![]() Hence I am in a dilemma. Need help from the experienced fellow bhpians. | |
![]() |
|
![]() | #3234 | |
Distinguished - BHPian ![]() ![]() Join Date: Dec 2012 Location: Ranchi
Posts: 3,998
Thanked: 8,884 Times
| ![]() Quote:
Also, since your last policy is probably not in effect, you will probably not get NCB over it (BHPians please feel free to correct if that is not the case) or same in case of change of ownership, hence you can expect the premium to be somewhat lower in the coming years, apart from the effect of depreciation when your own accumulated NCB comes into effect. Sure thing that more experienced BHPians will be around with more suggestions. ![]() Regards, Saket Last edited by saket77 : 3rd February 2015 at 13:15. | |
![]() | ![]() |
![]() | #3235 | |
Senior - BHPian ![]() | ![]() Quote:
![]() As a thumb rule generally used by Insurer, the new IDV for the car should be 10% less than previous year's IDV. But since the car is more than 5 yrs old, the IDV has to be mutually agreed between yourself and Insurance co. Please note that since the insurance on the car is expired, it will be subject to inspection by Insurance co and IDV+premium decided accordingly. In case of any major scratches, dents etc the premium may get hiked. | |
![]() | ![]() |
![]() | #3236 |
BHPian ![]() | ![]() My civic's insurance expires in coming March. It's 1.8SMT 2007 model. There have been no claims in past 5 yrs. I was interested in zero dep cover, but I guess it's not offered to cars beyond age of 5 yrs. Is that right? Also the premium amount last year wasn't less than the previous year. Is this normal? Which are the insurance companies that offer best rates and services? |
![]() |
![]() | #3237 | |
Senior - BHPian ![]() | ![]() Quote:
An online comparison would help in trying to find the best rates for the premium, try visiting policy bazaar or may be Insurance co websites. | |
![]() |
![]() | #3238 |
BANNED Join Date: Feb 2015 Location: New Delhi
Posts: 55
Thanked: 29 Times
| ![]() I was asked to pay 27000 for Mahindra Thar Zero Dep Insurance by the dealer. My bank offered me same insurance for 24500. The dealer stuck to the condition that i will have to buy insurance from him only. I was particular on buying a mist silver Thar only. i checked all dealers in Delhi-NCR. Everyone told me buy any other color off the shelf, Silver will take 1-2 months to arrive. So i twisted Koncept Mahindra's arm and brought the premium price down to 25000 rupees. I really did not want to wait for my silver Thar for 1 month in case other dealers allowed me to buy my own insurance. Can dealers put such a condition? |
![]() |
![]() | #3239 |
BHPian ![]() Join Date: Jun 2008 Location: Bengaluru/NYC
Posts: 643
Thanked: 206 Times
| ![]() Our vintage 2000 alto, would be up for renewal in the coming month. We have been with Tata AIG all this while. I would like to know, would there be any other insurance provider for a 15 year old car? Please advise. |
![]() |
![]() | #3240 | ||
Senior - BHPian ![]() Join Date: Jul 2006 Location: bangalore
Posts: 1,831
Thanked: 2,821 Times
| ![]() Quote:
Other alternatives will be public sector insurers. Quote:
Mahindra is one of those manufacturer who takes the customer feedback and complaints very seriously. Last edited by speedmiester : 13th February 2015 at 16:02. | ||
![]() | ![]() |