Originally Posted by RSM
When i purchased Punto, it was also very new to market.
The delaer offered me quote of 16K and i got it ~12K. And nothing much required to do. Just drop some emails to 2/3 insurance companies, they will contact you. Just make sure your dealer has cashless agreement with that insuarnce company. They came to my place and just i had to fill one simple form.
Remember, dealers make lots of money with insurance. They get lesser quote from them and rest they keep it.
Also, the quote from any insurance company is based on price of the vehicle. It normally doesn't change based on manufacturer.
And all these just for 1st year. Next year again you will pay more, if you have payed more for 1st year.
I strongly recommend buying insurance from outside. If anybody wants the Bajaj Allianz agent number i can provide.
I am a Insurance Consultant and deal with almost every insurance company.
In to the business from last 10 years now.
I work for a Group of Companies in to Real Estate, Textiles, Logistics and Retail.
Now why I am telling you all that?
I want to explain a few facts about taking Car Insurance....
1- Quote is based on the follwoing things:-
a) Car manufacture
b) IDV - Value of the car
c) Region - registered city
d) Age of Driver
e) Color of the Car (In Some companies)
1st year - No NCB
2nd Year 20% NCB
3rd Year 25% NCB
4th Year 30 % NCB
NCB is based on Own Damage premium. Please make a note that you have 3 premiums on your car insurance.
1- 3rd party Insurance
2 - Own Damage Insurance
3- Life Insurance cover for Drivers/helper/passengers.
Now which Insurance Company to select:-
If you know someone from the Insurance company, someone reliable, then take the policy from there or else Rely on someone professional who deal in Insurance only.