Car Insurance Hacks to Save Up to ₹10,000 Per Year

 Here are Car Insurance Hacks that can help you save up to ₹10,000 per year in India (2025 edition), without compromising on coverage or safety:

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🚗💡 Top Car Insurance Hacks to Save Big in 2025

✅ 1. Compare Before You Buy or Renew

• Don’t auto-renew—compare policies on platforms like Policybazaar, Coverfox, Turtlemint, ACKO, Digit.

• You could save ₹2,000–₹5,000/year just by switching providers.

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✅ 2. Go for Long-Term Policies (Up to 3 Years)

• IRDAI allows 3-year third-party + 1-year own damage combos.

• You lock in a lower premium and skip annual hikes—save ₹1,500–₹3,000 over the period.

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✅ 3. Use the NCB (No Claim Bonus) Wisely

• If you haven’t made a claim, you get up to 50% discount on own-damage premium.

• Even if switching insurers, your NCB follows you—don’t lose it!

🛠 Pro Tip: Avoid small claims. Repair a ₹1,500 scratch yourself and retain ₹5,000+ in NCB discount!

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✅ 4. Install Anti-Theft Devices

• IRDAI offers 2.5% discount on OD premium (max ₹500) if your car has certified devices (AIS-140 approved) like gear locks, GPS, immobilizers.

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✅ 5. Avoid Add-ons You Don’t Need

• Skip extras like engine protector, zero dep, RSA if:

  • You drive less than 5,000 km/year

  • Your car is over 7–8 years old

• This alone can save ₹2,000–₹4,000/year

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✅ 6. Increase Voluntary Deductibles

• Agree to pay a bit more in case of claims, and insurers cut your premium.

• Choosing a ₹5,000 voluntary deductible could reduce premiums by up to 20%.

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✅ 7. Buy Online – Not via Dealer

• Car dealerships mark up insurance heavily.

• Online direct insurers (ACKO, Digit, Navi) offer ₹2,000–₹7,000 less for the same coverage.

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✅ 8. Drive Responsibly + Telematics Discounts

• Some insurers now offer usage-based insurance (like “Pay As You Drive”).

• Drive less, pay less – Ideal for WFH users or weekend-only drivers.

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✅ 9. Choose Engine Size Wisely

• Larger engine = higher premium.

• A 1.2L engine car’s premium is often ₹2,000–₹3,000 less/year than a 1.5L+ model.

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✅ 10. Bundle Insurance (Multi-Year + Add-ons + PUC)

• Some insurers offer bundled deals with discounts if you:

  • Buy personal accident cover + vehicle insurance

  • Combine third-party & own damage in one plan

• Can shave off ₹1,000+ easily.

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💰 Realistic Example of Annual Savings:

Hack	Potential Saving
Compare online	₹3,000
Use NCB	₹2,500
Remove unwanted add-ons	₹2,000
Telematics / Voluntary deductible	₹1,500
Anti-theft device	₹500
Total	₹9,500 – ₹11,500 ✅

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🎯 Bonus Tip: Claim ₹75K Tax Deduction

• If you’re self-employed and your car is business-used, premium is tax-deductible under Section 37 of the IT Act.