10 Common Car Insurance Mistakes You Must Avoid in 2025
10 Common Car Insurance Mistakes You Must Avoid in 2025 10 Common Car Insurance Mistakes You Must Avoid in 2025 Car insurance in 2025 comes with updated regulations and policy changes under IRDAI's revised rules. Yet, many policyholders still fall into common traps that can cost them thousands. Let's explore the 10 most frequent mistakes—and how to avoid them. 1. Choosing the Wrong IDV (Insured Declared Value) Underreporting IDV may reduce your premium, but in case of a total loss, your payout will be significantly lower. Set your IDV close to the market value of the vehicle. 2. Ignoring Add-On Covers Skipping critical add-ons like zero depreciation or engine protection can lead to high out-of-pocket costs during claims. These are especially crucial in cities with flooding risks. 3. Missing Policy Renewal Deadlines Late renewals can result in inspection delays or loss of NCB (No Claim Bonus). Set auto-reminders or opt for long-term polici...
