Maruti Suzuki is India’s largest four-wheeler manufacturer and is well-known for producing some of the most iconic and reliable cars the country has ever seen. Now, although the cars from the manufacturer are known to run for years, they are not completely immune to damages due to accidents or calamities. 

This is precisely why it is important to ensure that you opt for the best Maruti insurance policy available for your vehicle. A comprehensive car insurance policy is designed to protect you from the financially draining effects of an accident or a calamity. 

That said, not every vehicle insurance policy is the same. Some offer more benefits, while others don’t offer much. With so many choices in front of you, how do you ensure that you get the best car insurance policy? Here are some tips that you can make use of.

1. Determine the kind of coverage you need 

The first thing that you need to do when shopping for a Maruti insurance policy is to choose the type of coverage that you need for your vehicle. There are two kinds of motor insurance plans that you can opt for – third-party insurance and comprehensive insurance. Depending on the type of policy that you choose, the coverage that you’re entitled to varies. 

For instance, if you choose third-party insurance, you will only be covered against accidental damages caused to third parties as a result of an accident involving your vehicle. On the other hand, if you opt for comprehensive insurance, both third-party liabilities and damages that your vehicle incurs due to an accident or a calamity will be covered. 

2. Look into the various add-ons available 

Once you’ve decided upon the type of coverage that you’re going to opt for your vehicle, the next step is to check out the different add-on covers that you can opt for. An add-on cover, also known as a rider, is an optional cover that you can choose at the time of purchase or renewal of your Maruti insurance. They are designed to offer additional coverage over and above the base insurance plan. 

That said, it is important to remember that add-ons are not free and come with a nominal premium. So, the more the number of add-on covers that you opt for, the higher your overall car insurance premium is likely to be. Therefore, it is a good idea to only select those that you require.  

3. Find out about the claim settlement ratio 

The claim settlement ratio is by far the most important factor that you would have to take into consideration when shopping for a car insurance policy. The higher the claim settlement ratio, the better, since it indicates that the insurer settles a majority of the claims received by them. 

For instance, let’s say that an insurer has a claim settlement ratio of 98%. What this essentially means is that out of 100 claims filed, 98 are settled by the insurer. As the insured, such a high ratio puts you in a very advantageous position since there’s a very high chance of your claim getting approved by the insurer. 

4. Compare different insurance policies

In India, many service providers offer car insurance policies for Maruti Suzuki vehicles. And as you’ve already seen before, not all car insurance policies tend to be the same. There might be differences in the kinds of benefits on offer and the premiums being charged on the policies. 

That’s why you should always compare multiple insurance policies from various service providers. For instance, if you have an Alto 800, comparing the Maruti Alto 800 insurance prices can help you quickly and easily determine the policy that’s best for your vehicle. 

Now, when comparing different policies, make sure to not only focus on the premiums but also other factors like the claim settlement ratio and the coverage offered by the plans.

5. Check the insurance claim and renewal process 

The last thing that you need is a complicated claims process hindering your ability to get compensation for the damages caused to you or a third party. And so, the final factor that you should consider when choosing an insurance policy for your Maruti Suzuki vehicle is the insurance claim and renewal process. 

It is a good idea to opt for an insurance policy that allows you to lodge claims and complete renewals online instead of having to physically visit one of the insurer’s branches. This not only helps you save time but also effort and money as well. Remember, easy renewal and claim processes are what sets the best policies apart from good ones. 

Conclusion

Following these five tips mentioned above should help you land the best Maruti insurance for your vehicle. That said, here’s another small piece of advice. Before you finalize the policy, always make sure to read through the different terms and conditions associated with it. This will help you make an informed purchase decision.