Thread Starter
#1
Friends,
I am having a specific query here with regards to the Insurance of the new cars and their renewals in future. While buying a new car, the dealer offers Insurance which adds to the On-Road Price and the Insurance can also be taken from outside by the owner himself. The premium amount quoted by dealer for the 1st time issuance of the Insurance Policy is always higher than the open-market ones. For Example, the Noida Dealer of TATA is quoting me a premium amount for regular insurance policy of Rs. 24.6K where as the normal insurance policy if I take from outside would cost me around 14-15K (i.e a saving of approx 10K on the dealer's issued policy). Now, as I have to take the insurance so which option should I go for? Dealer or the Open Market Insurance Policies? In the long term which of these would be more viable?
Please share your views!
Regards
Akash
I am having a specific query here with regards to the Insurance of the new cars and their renewals in future. While buying a new car, the dealer offers Insurance which adds to the On-Road Price and the Insurance can also be taken from outside by the owner himself. The premium amount quoted by dealer for the 1st time issuance of the Insurance Policy is always higher than the open-market ones. For Example, the Noida Dealer of TATA is quoting me a premium amount for regular insurance policy of Rs. 24.6K where as the normal insurance policy if I take from outside would cost me around 14-15K (i.e a saving of approx 10K on the dealer's issued policy). Now, as I have to take the insurance so which option should I go for? Dealer or the Open Market Insurance Policies? In the long term which of these would be more viable?
Please share your views!
Regards
Akash