Bring Home a New Car on Ganesh Chaturthi

Posted on: Aug 25, 2023 | 3 mins | Written by: HDFC ERGO Team

Bring Home a New Car on Ganesh Chaturthi

How many cars have you seen with a small Ganesh idol on the dashboard? Possibly a lot of cars. And there is a reason behind it. Lord Ganesh is synonymous with good fortune, health, and wealth. And with Ganesh Chaturthi around the corner, it might be a good time to bring home a new car. Ganesh Chaturthi is a festival that is celebrated across the country and is a good time for new beginnings. And it is only sensible to opt for new car insurance for your latest purchase.

The joy of bringing home a new car on Ganesh Chaturthi

There are quite a few reasons for car buyers to opt for buying a new car on Ganesh Chaturthi. Here are some of the primary reasons.

1. Marks the festive season

Ganesh Chaturthi is also the beginning of the festive season. After Ganesh Chaturthi, there are a series of festivals that take place within a gap of some days. There is a possibility that you might get a good deal on buying a new car during this phase. And even more importantly, you will have a new car in your garage for the upcoming festivals.

2. Auspicious

The festival is one of the most auspicious on the calendar. A lot of Indians believe that buying a new vehicle during the festival will make way for more prosperity, good health, and wealth as well.

3. Better stock availability

Car manufacturers and dealers are aware that the festive season is just around the corner. And a lot of them ramp up their production in anticipation of better sales during the season. Thus, there is a higher possibility of you finding the right variant and within a short period of time as well.

4. Facelifts and updates

Another reason to consider buying a car in the festive season is due to facelifts and updates. Car manufacturers know the importance of timing a facelifted model or an updated model. And this enables you to pick the latest model from the manufacturer.

5. More savings

Since Ganesh Chaturthi is the beginning of the festive season, there is a good chance that you will get good deals and discounts on the purchase of a new car. You might even get good offers on exchanging an existing car if you have one.

Why a motor insurance policy is important

A crucial part of owning a car is new car insurance. And there are quite a few reasons to buy one at the earliest. The most important reason is that the law makes it mandatory for all vehicle owners to have valid insurance on them always. And the lack of third party insurance can land you in some trouble.

For starters, a traffic police personnel can hand over a challan to you for driving without insurance. And the penalty for it isn't light as well. And even more crucially, the policy can protect you against accidents involving third parties.

If a third party individual is involved in an accident, the policy will take care of the repairs or medical bills. The lack of such policies will leave you exposed to a number of financial risks. You must bear the cost of accidents, repairs and even the death of a third party individual. Insuring your car is a sensible decision.

Securing your new car with motor insurance

There is a lot more to car insurance than merely meeting the statutory requirements. The law mandated third party liability policy offers the bare minimum coverage and is quite affordable as well. However, it can leave you wanting more coverage for your car. Comprehensive insurance is a much better alternative and here is why.

1. Comprehensive insurance bundles third party insurance and own damage coverage at the same time. In other words, you get the benefits of third party insurance and coverage against damages to your car.

2. If your car is involved in any sort of accident, the cost of repairs can be a bit high, and considering that it is a new car, you would want to get the repairs done at the earliest. Comprehensive zero depreciation car insurance will ensure that you get the exact repair amount without any sort of deductions.

3. Another perk of choosing comprehensive insurance for your car is that you can plug in add-ons to the policy. By paying a small premium on top of a comprehensive plan, you can choose add-ons that offer specific coverage. For example, zero-depreciation car insurance is an add-on that makes sure that your insurance provider will not deduct the rate of depreciation on your claims. Similarly, you can opt for an engine protection cover, which specifically provides additional cover for your engine against damage.

4. Should you choose a comprehensive plan and not make any claims during a financial year, there are benefits to enjoy. Insurance providers offer something called no claim bonus. The discount accumulates and increases with each year that you do not file a claim. And it starts from 20% for the first year and goes up to 50% for five consecutive years.

5. And lastly, a personal accident cover is also bundled with the plan. If the insured passes away or is disabled due to an accident, the insurance provider will compensate up to Rs. 15 lakhs. Depending on the insurer, it can either be a built-in feature or you might have to pay a small premium for it.

Safety measures and precautions for your new car

It can be quite exciting to get your hands on a new car. However, there are a few things that you need to keep in mind for your safety as well as that of others on the road.

1. Boring as it might sound, do not skip your car's manual. Going through the manual will help you understand the car better and the important dos and don'ts that you must follow.

2. Make it a point not to slam the accelerator in the initial days. Most cars have a run-in period of 1,000 kms to 1,500 kms. And it is not recommended to drive fast during this period.

3. You must avoid stressing the engine on cold starts. Not letting the engine warm up and letting the oil reach ambient temperatures can have adverse effects on the longevity of the engine.

4. Avoid overloading the car during the very initial days. Once the car has completed the run-in period, you can gradually increase the load on it.

5. While going through a city will allow you to reach varying speeds and engine revolutions, it is best if you can avoid traffic jams. Keeping a new engine on idling for a prolonged period is not recommended.

Conclusion

If you have been putting off your plans to buy a new car, the upcoming Ganesh Chaturthi might be the right time to buy a new car. It will not only bring prosperity and good fortune, but you can also avail of better deals. Comprehensive insurance for your new car will ensure maximum coverage and better protection.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.