Insuring a vehicle is not only a legal requirement but also a preventive measure. The insurance industry has gone

through various changes and has become quite competitive. There are various facilities offered in an

insurance coverage.

The key advantages of Auto insurance are:

It covers loss or damage to your vehicle against natural calamities like fire, explosion, flood, hurricane, lightning,

storm, cyclone, and many more. It also covers other possible damages for your vehicle like accidents, thefts,

technical problems, repairs, etc.There is a third party liability cover along with a personal

accident insurance cover.

Laws laid by Auto insurance India should be observed closely by the owner of vehicle to avoid problems later. The running cost of a vehicle is much higher than the purchase. Therefore to avoid rejections one must go through the documents carefully and understand the requirements.

Premiums: As per Insurance Regulatory and Development Authority (IRDA) the rates for third party motor insurance is set to rise up to 20 % for 2012-2013. The third party premiums for personal cars and two wheelers will rise by 5% and for commercial vehicles it will rise by 15-20 percent. There are many companies which offer attractive discounts on the insurance covers. When a premium has to go from your pocket so why not let it go in a smarter way.

Future is unpredictable so why not secure it smartly with auto insurance India. After all there are number of benefits which are offered by leading companies for the insurance cover. Few benefits are:

Therefore, it is necessary to check the type of Auto Insurance you are signing up for. You should know what you are paying for and what you will get in case of a misfortune.