Car insurance should not be looked at as an expense but as an investment
Car insurance is the policy that protects you and your car against expenses arising out of damages. To keep this car insurance valid, you have to pay a premium amount. This premium amount is the monetary compensation to the insurance provider for the risk that they undertake. In India, the consumer mentality is of having cheaper goods of the highest quality. Due to this, they tend to put more consideration on the price of the car insurance over the coverage it provides.