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So let’s see the car insurance or auto insurance aspects. First and for most thing is that what is car insurance and why we need it? Before start discussion over this car insurance or auto insurance you must know that it is obligatory by law therefore it is illegal if you drive without it. Now this car insurance or auto insurance provides a fiscal help to the insured party, third party and the insured vehicle in case of any financial losses caused by any fatal accident, theft, natural calamities like earth quake, cyclone and subsequent liabilities.

Parameter of premium –
There are several parameters involve in fixing the premium of the car insurance or auto insurance. Those are:
• Value of the car.
• Vehicle classification.
• Type of coverage.
• Voluntary excess and many more.
•
Benefits of car insurance or auto insurance-
There are several benefits of car insurance or auto insurance. Like:
• In case of death caused by any accident provides benefits to the survivors.
• In case of any accident if any legal fees are applied against you then it covers those lawsuits also.
• In case of any damage caused by the accident then it covers the repair bills also.
• If any damage happened in case of fire and theft then it also get covered by car insurance or auto insurance.
• You can also get some no claim bonus on the renewal of the policy if you don’t make any claim during the policy period.
•
Third party insurance - Car insurance or auto insurance not only covers the insured party but also the third party also. Like if any kind of body injury or death happened to a third party or to its car then this policy will provide a certain amount as compensation. This type of insurance is called third party insurance. Therefore it is pretty obvious that this insurance will provide coverage to the other family member or other people who is driving your car or riding your car along with you. There are several companies in the market who are offering car insurance. But it’s your job to choose cheap car insurance among of them. Therefore you have to go for online search or can seek help of the insurance agents.

So let’s see the car insurance or auto insurance aspects. First and for most thing is that what is car insurance and why we need it? Before start discussion over this car insurance or auto insurance you must know that it is obligatory by law therefore it is illegal if you drive without it. Now this car insurance or auto insurance provides a fiscal help to the insured party, third party and the insured vehicle in case of any financial losses caused by any fatal accident, theft, natural calamities like earth quake, cyclone and subsequent liabilities.

Parameter of premium –
There are several parameters involve in fixing the premium of the car insurance or auto insurance. Those are:
• Value of the car.
• Vehicle classification.
• Type of coverage.
• Voluntary excess and many more.
•
Benefits of car insurance or auto insurance-
There are several benefits of car insurance or auto insurance. Like:
• In case of death caused by any accident provides benefits to the survivors.
• In case of any accident if any legal fees are applied against you then it covers those lawsuits also.
• In case of any damage caused by the accident then it covers the repair bills also.
• If any damage happened in case of fire and theft then it also get covered by car insurance or auto insurance.
• You can also get some no claim bonus on the renewal of the policy if you don’t make any claim during the policy period.
•
Third party insurance - Car insurance or auto insurance not only covers the insured party but also the third party also. Like if any kind of body injury or death happened to a third party or to its car then this policy will provide a certain amount as compensation. This type of insurance is called third party insurance. Therefore it is pretty obvious that this insurance will provide coverage to the other family member or other people who is driving your car or riding your car along with you. There are several companies in the market who are offering car insurance. But it’s your job to choose cheap car insurance among of them. Therefore you have to go for online search or can seek help of the insurance agents.