Here are a few things that you should keep in mind when buying car insurance online

It is important to understand the type of car insurance policy you require. For a wholesome cover that provides maximum benefits, comprehensive or all risk car insurance works best. Although, If you have a limited budget or your car history/specification does not allow you to go for comprehensive or an all risk cover then you may opt for Third-party car insurance.

When buying a new car insurance policy, lookout for IDV (insured declared value) of the car. It is the maximum sum insured fixed by the insurer which is provided on theft or total loss of the insured vehicle. Basically, IDV is the current market value of the car. Try and choose an IDV that matches the market value of your car so that the claim is higher.

The Claim Settlement Ratio (CSR) indicates the percentage of claims that an insurance company settles in a financial year. The higher the CSR, the better the company in terms of claims settlement. That’s why it is recommended to compare CSR and choose an insurance provider that has a high CSR.

Choosing the most beneficial add-ons will make your policy more useful, boost the claim payouts, and reduce your out-of-pocket expenses. Keep in mind that each add-on comes with an additional cost.

Always compare the best car insurance plans based on their premium and coverage offered. A plan that offers the most comprehensive scope of coverage and that too at the lowest premium would be the most beneficial.

If you are looking for the best car insurance in Lebanon, make sure to check the network of cashless garages. If you want to increase the probability of availing cashless settlement of claims, then the insurance provider should have tie-ups with major workshops and garages across Lebanon.