Category Archives: Automotive

Top 5 Questions to Ask Before You Buy Car Insurance

When it comes to buying a car insurance, most people prefer going by their friend’s advice or the insurance agent’s suggestion. This is probably the biggest mistake you can ever make. Just like you make careful considerations before buying a car, purchasing an insurance policy also requires equal efforts.
Different insurance companies have different rates. Additionally they also vary in the in aspects from coverage amount to claim settlement services. So, it is vital to carry out thorough research before making a purchase.
To help you grab the best car insurance deal, we have compiled a list of questions you should ask both your insurance agent and yourself to find the right cover.

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What type of coverage do I need?
There are two types of coverage options, third party liability and comprehensive cover. The type of coverage you buy will depend on your needs. Third party liability is the cover that protects you against the damages caused to another party in case of accident and injury. This type of policy is mandatory in India.
Whereas, comprehensive cover provides full financial protection to you as well as the third party. Availing this type of policy is not mandatory but owner driver’s choice. A comprehensive cover will also give your personal accident cover up to RS 1 lakhs.
What is my risk taking capacity?
Risk assessment is done on number of factors such as car model, manufacturing year, location and your driving record. The more the risk, the more will be your insurance premium.
What all things are covered in my policy?
A comprehensive coverage will provide protection against damages caused to your vehicle in case of accidents. It will also cover your medical expenses, if you are suffering severe injuries. In short, the car insurance policy takes care of your financial soundness even in times of crisis.
In case, you share your vehicle with your family member then you will have to buy an additional coverage by paying extra premium.
How to cut out on extra costs?
There are number of ways that can lower your monthly premium costs. Some of them are listed below:
• Maintaining a safe driving record.
• Installing advanced security features in your vehicle.
• By asking your company which other discounts you are eligible for.
• By buying car insurance online.
What should be my deductibles?
Deductible is the amount you will have to pay until your insurance company starts paying for damages to your vehicle. It might be tempting to have a low deductible, but having a policy with higher deductible can significantly lower your premium pay-outs.

The Future of Mobility

The basic structure of auto-industry across the world is changing swiftly. Think of the rising prices of energy, the growing effect of greenhouse emissions, and urbanisation are just a few of those challenges that the mankind is facing today. With this scenario at the forefront, there is an ever-increasing responsibility on the entrepreneurs and innovators to create a future that is environment-friendly and sustainable. The future of mobility is in question. And a brave step to combat this big challenge is taken by the leading face of the auto-industry, Mahindra & Mahindra.

Mahindra’s Nuvo Sport, KUV100, Quanto, Verito, Rexton, Tivoli are some of the latest additions to Mahindra’s family of cost-efficient, power-packed, and classy vehicles. Cars and tractors that were once mechanically driven can now be monitored by softwares. Modern engines of trains are being run on electricity and hydrogen in place of petroleum. Even the ownership models have seen a change. Today, even if people do not own cars, they have the choice of renting them out. This implies a prominent shift in the traditional ownership models from private ownership to sharing models.

The 5C’s which will revolutionise the way the future of mobility is looked at:

  1. Convenient: Technology is being used to make things simpler for consumers such as online shopping through which people can purchase cars online. There have been innovations through multiple car ownership models which enables even the sharing of a car. Therefore, convenience will act as key reason.
  2. Clean: Manufacturers need to work beyond engines that are just efficient. From the manufacture to the use as well as disposal of vehicles through the life-span should be aimed at being carbon-neutral. The means there is a necessity for sustainable manufacturing processes and zero-emission charges.
  3. Cost-effective: In developing countries such as India, there is a need of technology being accessible to all consumers. This means it should cater to every individual which is only possible if it is cost-effective in nature.
  4. Clever: The existence of remote diagnostics will be succeeded by driverless cars. There will be advanced developments such as semi-autonomous and autonomous cars which will include features such as self-parking. These may eventually turn to driverless cars.
  5. Connected: In the future, there will be creation of more connectivity in cars such as safety features to avoid accidents through car-to-car connections, car-to-infrastructure for efficient management of traffic and connecting cars with people such as through smartphones.