Types of car owners who tend to make these common mistakes:

• New car owners
• Non digital-savvy car owners
• Second-hand car owners
• Price-conscious car owners
• Busy car owners

Why people make these common mistakes:

Having car insurance is as important as having a car. Yet when it comes to buying a car we invest a lot of time and make efforts into finding the best one but don't do the same when it comes to buying car insurance.

However it's also important to take some time out and do some research before opting for car insurance coverage. In fact it's always advisable to be very careful while buying car insurance.

5 most common mistakes and how to avoid them:

Here are the most common mistakes that most people make which should be avoided while buying a car insurance policy. Read on to understand and make wiser decisions with regards to your car insurance.

                         No transfer and registration in case of second-hand vehicle

This is one of the most common mistakes that people usually make when they buy a used car. However you must not miss this step of transferring or registering the vehicle on your name.  Otherwise you won't be able to make an insurance claim in the future.

Purchasing a policy with lowest premium rate

It's not always the most profitable deal to buy an insurance policy with the cheapest premium. This is because the company offering a lower premium may not always be trustworthy. Along with insurance premium you must also look for coverage-related benefits as well as other service offerings.

Not comparing different policies online

Before buying a car insurance policy you must compare your policy with other company's insurance plans as some companies offer great discounts and offers for policies.

Not reading the policy documents                                            thoroughly

Reading policy documents is yet another important thing you need to consider before buying a car insurance policy. You may not have time to go through the entire policy documents but this may get you into trouble later. Thus before buying a car insurance you must understand the terms and conditions of the policy so that you don't have to face any problems in the future.

Buying the policy offline

It is always better to buy an insurance policy online than offline because you are more likely to get insurance policies with lesser premiums when purchased online. On the whole keep these above mentioned pointers in mind if you're planning to buy a car insurance policy anytime soon. Besides there are several insurance companies such as Royal Sundaram that offer comprehensive car insurance policies at affordable rates.