Do girls car-owners want motor insurance coverage add-ons?

By Nitin Kumar

Ladies drivers are a rising demographic — in response to Statista, 6.8% driving licences had been issued to girls in 2019 (newest knowledge), of the entire 206 million that 12 months in India. A number of reviews additionally present that ladies are usually safer on the highway than males (they are usually extra cautious and fewer more likely to interact in dangerous driving behaviours). However regardless of being much less more likely to be concerned in accidents, girls drivers can nonetheless profit from extra safety on the highway.

Whereas third-party insurance is necessary for all automobile homeowners, it’s all the time beneficial that one opts for complete motor insurance that covers harm to the proprietor’s automobile and third-party liabilities. However there are nonetheless sure harm bills that complete motor insurance coverage won’t cowl. That is the place coverage add-ons come to your rescue, providing enhanced protection. Significantly for girls drivers, there are a couple of motor insurance coverage add-ons that ought to be thought-about.

For ladies who’re main earners

The ‘day by day allowance cowl’ is an add-on that pays on your commute to work in case your automobile has damaged down and is getting repaired. This add-on turns out to be useful for girls who’re single moms or sole breadwinners of the household.

It usually gives a sum of as much as Rs 500 to cowl day by day transportation prices, normally for a two-week interval. The protection, nevertheless, might differ by way of the quantity and length relying on the insurer. This feature is especially useful for individuals who depend on one automobile. It’s necessary to notice that this add-on is legitimate provided that your automobile is getting repaired at a storage that’s in your insurance coverage firm’s community.

Safety when travelling alone

Roadside help is an important add-on for all drivers, particularly for girls. A automobile can break down at anytime, anyplace, and if it occurs in the midst of nowhere, girls drivers can face quite a lot of inconvenience. Roadside help protection can present assist within the occasion of a breakdown, flat tyre, or different mechanical points, making certain that ladies will not be left stranded in an unfamiliar space, and unable to hunt assist.

Ladies ought to converse to their insurance coverage supplier to debate which stage of protection could also be acceptable for his or her particular person wants and circumstances.

Good driving behaviour will get rewarded

Pay How You Drive (PHYD) plans are based mostly on telematics gadgets put in within the automobile to trace the driving behaviour of the driving force. PHYD is particularly useful for girls drivers as they typically reveal safer driving behaviours than males, leading to decrease insurance coverage premiums.

Beneath the PHYD mannequin, the driving habits are tracked, and drivers are rewarded with a reduction on their premium for good driving behaviour. Ladies who comply with guidelines and drive rigorously will find yourself paying a decrease premium than somebody who violates guidelines or crosses the velocity restrict. This add-on helps in sustaining highway security by rewarding drivers who follow protected driving habits.

Safety for invaluable belongings

The ‘private belonging cowl’ is a helpful add-on for girls who commute to work on a automobile every day and carry valuables with them. Whereas complete motor insurance coverage insurance policies might cowl the price of any harm to the automobile, these don’t cowl the price of private belongings which might be broken or stolen. This cowl gives protection for loss or harm to private belongings which might be saved contained in the automobile, as much as a sure restrict.

It’s necessary to notice that this add-on comes with a couple of exclusions of its personal. A few of these are:

—Any incident that has occurred as a result of policyholder’s negligence;

—Claims arising out of a borrowed property;

—Private belongings that had been left within the automobile in a single day;

—Lack of objects attributable to a automobile accident.

Pay just for the gap you journey

Whereas Pay As You Drive (PAYD) is technically not an add-on, it’s a extremely beneficial complete plan for girls drivers. It permits the policyholder to pay the premium as per driving frequency. One should buy from pre-decided distance slabs like 2,500 km or 5,500 km, as per want, and pay the premium in response to that. Alternatively, one can select the mannequin the place they’ll change off their coverage when their automobile shouldn’t be getting used, in the end lowering the premium.

This feature works finest for girls who work remotely or in a hybrid mannequin or those that don’t drive usually and like public transportation or cabs as an alternative.

It’s all the time suggested to match a number of choices on-line earlier than making a choice. Additionally, don’t overlook to learn the coverage fine-print completely before you purchase any plan.

(The writer is head, Motor Insurance coverage, Policybazaar.com. Views are private)