Don’t Buy Car Insurance Without Checking These 5 Things About Company

Lakshya Rana
Jun 20, 2024

Car Insurance

Car insurance is mandatory to drive a car. If you are caught driving without insurance, you will be charged a fine.

Attention

Car insurance isn’t something that you should buy in a hurry, but something that needs due diligence.

Claim Settlement Ratio

CSR is the percentage of settled claims out of the total claims filed in a year. Generally, a higher CSR is considered better.

Reputation

Look for customer reviews and ratings online. Also, read news articles related to the company and its operations.

Claim Process

Check how easy it is to file a claim and the typical turnaround time. You can ask your insurer about the claim process.

Customer Service

Additionally, research on customer service quality through reviews and testimonials.

Financial Stability

A financially stable company is more likely to settle claims in higher numbers and continue operating smoothly.

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