Acko’s price was almost 50% less than other insurers for Comprehensive car insurance. Surprised!
Maruti Swift Owner, Bengaluru
From query to delivery, Acko’s quick turnaround time made sure my experience was completely hassle-free!
Nissan Owner, Bengaluru
Acko General Insurance offers inexpensive policies and a wide range of Add-on covers to customize it as per your requirements.
To make your process easier we do the hard work of fetching your car details from your car number and ensuring that it is accurate. However, if you do not remember your car number you can always select your car on your own.
We have kept these questions extremely simple like where do you drive or if your previous policy has expired or if you remember when you claimed last.
We strive hard to offer you the best prices in the market. You can select your own IDV and apply myriad offers available to you to get to an optimal price. When you are ready, just select a price.
By comparing car insurance policies online, you can get a better deal on the premium amount. Here are some reasons which will help you understand why you should compare policies before buying car insurance.
Comparing policies will help you understand the features of a policy that might give the best value for your money.
Comparing car insurance will help in determining which coverage options, for example, Add-ons, are available for a similar price.
While comparing car insurance policies also choose an insurer which provides better services.
It offers the most basic type of coverage and is the least expensive type of car insurance policy. With a Third-party liability policy, your insurer will compensate the third party in case of damages and injuries caused to another person/property due to your insured car.
A Comprehensive policy covers you against damages caused to Third-party Liabilities as well as Own Damage. It offers wider coverage and you can buy Add-ons with this type of policy.
+ Zero Depreciation
|Damage to a third-party vehicle|
|Damage due to fire|
|Damage due to natural causes|
|Personal Accident cover|
|Engine protection||Optional Add-on||Optional Add-on|
|NCB protection||Optional Add-on||Optional Add-on|
|Invoice cover||Optional Add-on||Optional Add-on|
Before you begin with comparing various policies, you need to understand the factors based on which you can compare a similar type of policy. Here are the important factors based on which you can compare car insurance policies.
FACTOR # 1
Even though cost is the major factor, do not compromise on the features of the policy. Look around for the prices offered by different insurers. But, also keep in mind the covers that you need. Pick a policy that suits your requirements and pocket both.
FACTOR # 2
Apart from the basic coverage, look out for add-ons such as Zero Depreciation, Return To Invoice, etc. You must understand your driving habits well before buying an insurance policy.
You may also want to take into consideration other value-added services offered by an insurance company.
FACTOR # 3
You do not want to spend money on an insurance policy and still be left uncovered during difficult times. So, it is important to go through the customer reviews for an insurer.
Knowing the claim settlement ratio of an insurance company will be helpful.
Also, dedicating some time to do a research on the after-sales services provided by the company may be beneficial.
FACTOR # 4
At the time of claims, you need to pay a small part of the claim amount. This part is known as a Compulsory Deductible.
There is also an option of paying a Voluntary Deductible. This is the amount of claim that you agree to pay from your own pocket, irrespective of the coverage you opt for.
At the time of purchasing a car insurance policy, if you agree to pay a higher Voluntary Deductible it could reduce the cost of car insurance, but at the time of making a claim, you might end up paying more than expected. While comparing the price of different policies, take the deductible amount into consideration.
FACTOR # 5
It is always a good practice to understand what is covered and what is not covered under your car insurance policy.
Going through the terms and conditions, policy wording, and fine-print while buying a policy will be helpful and reduce the chances of rejection or invalid claims.