Is your car one of your most prized possessions, a style statement or a status symbol even? A car is usually one of the first major investments most of us make as soon as we start earning well.
In a country like India, where roads are not exactly in the desired shape, getting your car insured becomes a necessity rather than merely being compulsory under the Motor Vehicles Act.
In the year 2014-15, car sales hit a new high with more than 2 million units being sold in total. Surprising, isn’t it? The numbers we get upon adding other categories of vehicles might surprise or rather shock you even further. The mere thought of so many vehicles running on roads all around you throughout the day, every day, is enough to give you an idea of how severely crowded and congested our cities have become.
With so many vehicles around you all the time, it’s hard to take the safety of your own car for granted. No matter how carefully you drive or how skilful you are, someone somewhere is bound to lose control of their vehicle and bump into you. If this doesn’t give you enough reasons to start looking for Car Insurance already, here are a couple of other reasons that might make you change your mind:
People don’t like following traffic rules in India
Let’s face it: In India, people like to flout the rules rather than follow an existing set of norms. No matter how big the city or how well-executed the traffic system, you’ll always find a couple of outlaws who like to bend the rules according to their will and convenience. With such people around, it becomes quite difficult to keep a check on the car of your dreams and protect it from unwanted damage.
Vehicle insurance is mandated by the Motor Vehicles Act
Since a motor vehicle is considered to be a potential threat to life and property in public places, there’s a strict mandate under the Motor Vehicles Act that makes it necessary for people to get their vehicles insured. This insurance covers the risk of damage possible by and to the vehicle, thus making your journeys safer.
Indian roads are in bad shape
It’s a well-known fact that Indian roads are not the best and definitely nobody’s first choice when it comes to going out for a drive. Although we claim to be aggressively moving towards development, the number of potholes on our roads is increasing by the day. Instead of building better roads, we end up spending extra to simply patch up existing ones. Thanks to these bumpy roads, not to mention errant pedestrians, wandering cows and other hazards unique to Indian roads, driving here sure is risky business.
It helps cover theft
Surveys have revealed that vehicle thefts in New Delhi broke all records last year. Every 13 minutes, one vehicle was reported missing. To avoid such losses, getting your vehicle insured sure sounds like the smarter way out.
It helps you stay stress-free
Next time, when that cousin asks for your car keys, you needn’t worry about the safety of your most prized possession or ruin your relationship by saying no. All you need to do is ensure that your car is insured. Choose from a wide range of available options and select one that suits you the best according to the make and model of your car.
Additional Reading: Car Insurance Terms You Must Know
It gives you the benefit of a variety of great add-ons
Choosing the right insurance plan doesn’t only protect your car from damages due to accidents, theft and other unforeseen instances, it also lets you enjoy a gamut of other benefits like roadside assistance, which will significantly improve your overall experience.