![]() | #91 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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![]() | #92 | |
Senior - BHPian ![]() Join Date: Mar 2004 Location: Mumbai/USA
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New car dealers' insurance will always be high because the amount of discount they offer is less. Example Dealer offered you insurance at may be 10% discount or may be didnt offer at all, whereas you can get discounts much much higher than that. What you can do is inform the dealer that insurance will be taken care of and you can approach other companies or company of your choice or comfort and ask them for better discounts. Only advantage of taking insurance from dealer is - peace of mind. Otherwise you have to make few phone calls, run here and there to get the policy. And other thing - Never pay a penny more than the amount written on the policy. Dealers will never charge you anything extra. As in if the policy' final premium is 12,500/- including tax, they will never charge you 13,500/- In your case, dealer offering Bajaj Allianz' Insurance was offered at less discount. | |
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![]() | #93 |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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![]() | #94 | |
Senior - BHPian ![]() Join Date: Mar 2004 Location: Mumbai/USA
Posts: 1,708
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Example(hypothetical) - Tata Aig offers 10% discount on Tata cars whereas Bajaj Allianz doesnt infact charge 10% loading. So obviously the premium amount wont be the same of Tata & Bajaj. Similarly, on his i10 dealer charged 13,500 because discount was less and he approached HDFC Ergo which said I offer you the policy in 12,500 (more discount) so he went ahead with HDFC instead of Bajaj. Then why should Bajaj pay him back? | |
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![]() | #95 | ||
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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![]() | #96 |
BHPian Join Date: Dec 2008 Location: Hyderabad
Posts: 48
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| ![]() Guys, thanks for responding, I think I should have paraphrased my post better. Here it is: The price list from the dealer already had the insurance component included in the price of the car. The insurance amount mentioned in the price list was around Rs.11,500 from Bajaj Allianz (it was a general price list for prospective buyers). After all the formalities were done, on the day of delivery, they presented me the cover note from HDFC Ergo and said it's as good as Bajaj's. I was cool with it. This cover note mentioned the same amount (Rs. 11,500) as the premium. Now when I received my insurance certificate from HDFC Ergo 2 days back, the premium mentioned in it is almost Rs. 1000 less than what I paid as insurance part of the car cost (because I always assumed that the premium would be what was in the price list). I checked with HDFC and they received the exact amount as premium from the dealer as was mentioned in their certificate. So basically, the dealer pocketed the 1000 bucks. I am going there tomorrow and would force him to refund. Time for some one-handed push ups ![]() |
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![]() | #97 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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![]() | #98 |
Senior - BHPian ![]() | ![]() I have a question for you guys---how do they calculate the Insured vehicles value when it comes for renewal? I remember my Fiesta was insured for 6.9 lacs when I bought it, but the next year it came down to 5.6 lacs or so. Any idea, guys? |
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![]() | #99 |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,658
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Normally insurance company depreciate the value every year. minimum 10% or on the higher side it should be 20%. |
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![]() | #100 | |
BHPian Join Date: Dec 2008 Location: Hyderabad
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![]() | #101 |
BHPian Join Date: Nov 2006 Location: Delhi
Posts: 531
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| ![]() I am prospective buyer for innova, I was checking yesterday with one of the dealer here in Delhi and to my surprise I came to know the for the claim we can 60% only rest 40% we have to pay irrespective of material etc. As far as I know for rubber and plastic we have to pay 50% of it, but they were saying for all claim you will get 60% only and rest 40% you have to pay. Is this correct ? |
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![]() | #102 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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![]() | #103 |
BHPian ![]() | ![]() When you are switching insurance companies during renewal, how do they track if there is a previous claim on your car? |
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![]() | #104 | |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
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2. Actual process say's that you have to take a NCB certificate from old insurance company and give it to new insurance company then only they will give you NCB. | |
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![]() | #105 |
BANNED Join Date: Jul 2006 Location: Chennai
Posts: 833
Thanked: 46 Times
| ![]() Hi, I am buying a new Ford Ikon TCDI in Chennai and the premium quoted by the dealer is 19250. I heard that it can be done for lesser because Condor (a Bangalore BHPian) said he got is it for 4k less. How do I go about this? I want to go with a nationalized bank only. Kindly advice. If someone can guide me with a step by step process, it will be nice. Eg: which first (registration/temp reg/etc) Last edited by Proxima : 16th February 2009 at 14:24. |
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