Tips To Save Money On The Bike And Car Insurance During The Policy Renewal?

While getting a bike or car insurance policy is of utmost importance, it is also smart to find ways for reducing the premium that you need to pay to buy and keep the insurance valid. You can compare four-wheeler and two-wheeler insurance policies of different insurance providers to find a policy that can provide the maximum benefits at a minimal cost. Moreover, you can even save money while renewing your car/bike insurance policy by using the below tips and also by applying for best renewable car insurance:

Redeem your NCB

NCB i.e. No Claim Bonus suggested that you have driven safely throughout the year without getting involved in any major mishaps or accidents. You can use your accumulated NCB to avail attractive discounts during policy renewal.

Choose a higher deductible

Many insurers will allow you to choose the deductible limit i.e. the amount that you will be paying from your end against the claim amount. Choosing a higher deductible amount might help you to avail a reduced policy premium during policy renewal.

Installation of anti-theft applications

If you install an anti-theft application or device on your car or bike, the insurers will appreciate your initiative and might even offer a discount on the policy premium. It is because the chances of tracking your vehicle get increased after installing such devices and the liability of the part of the insurer gets reduced.

Renew on time

Renewing your bike or car insurance policy on time is also important to be able to carry forward your NCB without any issues. Moreover, you can also ask for a discount if you are a member of AAI (Automobiles Association of India) or WIAA (Western Indian Automobile Association).

For checking affordable bike and car insurance policies, you can visit the site of Bajaj Finserv. You will find various insurance plans on their portal which might help you to determine the plan that suits your insurance needs.

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