Road accidents are one of the most common types of accidents, affecting over 4 lakh people every month. Many of these accidents result in the loss of life. The number of lives lost by vehicular accidents is steadily increasing every year. Today, the need to insure ones car is even more urgent. Taking out insurance on your car is not just a smart decision, it is also a requirement by law. As per the provision of the Motor Vehicles Act 1988, motor insurance is mandatory for all vehicles. This type of insurance must compulsorily be taken out by individual car owners, as well as corporate entities. In other words, all vehicles must be insured, regardless of whether they are personal vehicles or commercial ones. It is also compulsory for all those who want to drive vehicles, to obtain a valid motor insurance policy before they start driving their vehicle. This type of insurance has specific plans for four wheel vehicles, two wheelers as well as commercial vehicles. After insuring your vehicle, it is also mandatory for the car insurance to be renewed every year.

There are some very big benefits to getting your vehicle insured. By taking out this type of insurance, you get financial cover, are safeguarded against damages to third parties, and are protected from financial losses caused by any kind of natural calamity to your vehicle. This insurance also helps offset the financial loss caused by injuring yourself, or those around you because of a motor accident. It protects against lost wages that result due to motor injury. It safeguards survivors when a car accident results in the loss of life. It protects the insured against possible lawsuits brought up on them due to a vehicular accident. It also protects you by reducing the cost of car repairs caused by damages from an accident.

There are numerous car insurance companies which provide insurance for all types of vehicles. Many of these companies now offer car insurance online. This online availability makes it very easy to get insurance. With the click of a button, you could get the insurance plan of your choice, hassle free. Companies that offer this service online also offer numerous benefits such as immediate receipt of a digitally signed policy, free vehicle inspection at your door step, access to country-wide cashless claims servicing and so on. By buying insurance online, you could also avail of the facility of paying in installments, at absolutely no extra charge. So if you havent insured your car by now, dont wait any longer. Get insured today!