Auto Insurance: The way the population is increasing in the world, in the same way people are also buying cars for their convenience. So many vehicles run on the road that every other day someone’s car gets hit by a car or falls into a ditch due to which the car gets damaged. That is why it is very important to get your car insured. Every car owner wants to get affordable and premium insurance but the premium has become so high that getting cheap auto insurance is no less than getting any car.
In this blog, we will know how you can get cheap auto insurance without compromising your coverage quality.
Auto Insurance Proven
1. Compare Multiple Insurance Companies
Nowadays it is the age of online and there are many websites and applications available where you can compare the insurance policies of many companies.
Policybazaar
Coverfox
ACKO
Turtlemint
Digit
These platforms show you quotes of multiple companies at one place where you can compare not only the price but also the coverage details and claim settlement ratio. After which you can easily take a decision.
2. Opt for a Higher Voluntary Deductible
Voluntary Deductible means that if the car meets with an accident, how much money you want to pay while making a claim depends on you. For example, if you choose ₹5,000 voluntary deductible, you will pay the first ₹5,000 on every claim, the rest of the money will be paid by the insurance company. Since you are taking a little risk, the company reduces your premium (15-20%). This is best for those people who rarely make a claim. If you are a good driver, this can make your insurance cheaper.
3. Install Anti-Theft Devices
If you install certified anti-theft devices like gear locks, GPS trackers, immobilizers in your car, insurance companies give you discounts because this reduces the risk of vehicle theft.
4.Choose Only the Necessary Add-Ons
Add-ons like zero depreciation, engine protection, roadside assistance are useful, but it is not necessary to buy them all. If your car is new then zero dep will be useful, but for a 7 year old car it is not that useful. You should buy only those add-ons which are according to the usage of your car. This saves unnecessary premium.
5. Maintain a Clean Driving Record
If your driving record is clean, meaning your car has not had any accident, then the insurance company gives you No Claim Bonus (NCB).
NCB Benefits:
1st year: 20% discount
5th year till: Up to 50% discount on own-damage premium
6. Renew Policy on Time
You should always keep in mind that whenever your policy is about to expire, get the insurance renewed one day before it or on the day it is expiring. Many insurance companies give extra discount on early renewal. But if you renew late then:
Your NCB may lapse
Premium may be high
Inspection charges are applicable
7. Avoid Small Claims
If you have minor damages (₹1,000-₹2,000) then get it settled in cash, do not make frequent claims, this will keep your NCB safe. In the long term this reduces your premium considerably. It is better to take advantage of NCB instead of frequent small claims.
8. Bundle Your Insurance Policies
If you have multiple vehicles or life/health insurance, it is cheaper to buy a bundle policy from the same insurer. Companies give loyalty discounts to multiple policy holders.
Example: Car + Bike + Health = 10-15% combo discount.
9. Use Pay-as-You-Drive Insurance (Latest Trend in 2025)
In 2025, many insurance companies have launched “Pay-as-You-Drive” policies. The premium in this is based on the usage of your car – the less you drive, the less you pay.
Ideal for: Home parked cars, weekend drives only
Insurers offering this in India:
ACKO
HDFC ERGO
Tata AIG (usage-based add-on)
Getting cheap auto insurance isn’t hard if you do a little research and make smart decisions. With online comparison tools, the right deductible, the right add-ons, and a clean driving record, you can reduce your premium by 30-50%.
Review your existing policy today and reduce your car insurance costs by applying these tips!
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