The auto insurance industry is evolving with every modification introduced in vehicles and the requirements of vehicle owners. Although the primary motto of car insurance remains the same, financial protection in the times of repairing vehicles, there is much more expected in the contemporary scenario. Due to regular customer-market research data and competitive trends, Acko has also resorted to presenting the best car insurance policies to its customers. Not just purchasing car insurance policies but the renewal process has also been simplified to an extent where within a few clicks, one can get the insurance renewed. Read on to dig deep into the details of Acko car insurance renewal and the changing trends.
Changing trends
With many players in the market, the customer is the winner.
The current insurance market is full of options and competition. Amidst all these rush, every insurance company targets to present customers with the best car insurance deals. In this tug of war, the customer benefits from the best features available to them. Be it own damage car insurance, third-party liability, or comprehensive cover, each policy is backed with the best deals.
Various kinds of car insurance plans
Every insurance company is trying to offer various kinds of insurance to customers. This gives customers the leverage to decide the most affordable plan that suits their needs. While the third-party liability is a mandatory cover, you can avail of exciting add-ons with comprehensive cover. Apart from this, there is also the option of paying as you drive, owning damaged car insurance, and so on. Unlike earlier, when customers had to wait till renewal to purchase a comprehensive plan if they had a third-party liability, now people can buy their own damaged car insurance and avoid paying for a comprehensive plan. So compare and get the best one available.
Simplified procedure
The world is running on clicks. Yes, you got that right. Gone are the days when renewing an insurance plan meant taking a day off to spend it in long queues. Now, renew your Acko car insurance renewal online; you can renew the plan by sitting in the comfort of your home, while traveling, or doing your office work. Within a few clicks and a few minutes, the plan can be renewed without having to step out anywhere.
Add-on options to enhance the coverage
With the changing needs of customers and modern vehicles, add-ons are simultaneously enhancing. With Acko, you can avail of several add-ons:
Zero depreciation cover
It helps you save the depreciation value of your car. So, at the time of claim, the depreciation value of your car isn’t deducted from the bill.
Engine protection cover
Damage caused to the engine or gearbox is covered with this add-on.
Roadside assistance cover
24/7 roadside assistance in case of any mishap in the middle of your route.
Key replacement cover
If you lose your key, a key replacement cover will bear the cost of renewing a new key up to ₹10,000.
Consumables cover
The cost of screw nuts, gearbox oil, grease, lubricants, distilled water, etc., is covered under the consumables add-on cover.
Outstation emergency cover
If your car faces a breakdown outside a 100km radius of your location, Acko bears the cost of repairing the car within 12 hours. If 12 hours exceed, you get a compensation of ₹2,500.
No claim bonus protection
With no-claim bonus protection, your no-claim bonus remains intact even after raising a claim.
Return to invoice cover
With the return to invoice add-on, you receive the actual purchasing cost of your car in case of total loss.
Personal accident cover
This add-on gives a personal accident cover for the loss of two limbs, death, or loss of eyesight and pays 100% compensation.
Personal accident cover for passengers
Acko provides ₹1 Lakh per passenger in the car in case of an accident and physical loss or injury to the passengers.
Cashless coverage
Earlier, a reimbursement claim was the only way to get financial assistance from your insurance company in case of accidental damage to your vehicle. However, as time has changed, now the trend is going along with the cashless benefits. Cashless coverage is backed by network garages of the insurance company. Acko offers a vast cashless garage network. By taking your vehicle to one of the network garages, the insurance company directly settles the bills with the garage.
Conclusion
Every aspect of society is evolving, and the insurance market is no exception to this. Therefore, the continuous market survey has led to many positive changes in car insurance policies. Acko has also understood the changing hues and introduced the trendy changes in car insurance deals to offer the best products to the customers. Compare various plans, know your needs, and pick the one that fulfills your requirements.
