Given the number of options available today, it is important to pick an insurance that is simple, reasonable, protects and covers you and your business in all possible situations and most importantly, guarantees to settle claims as soon as possible. After all, that’s the most important part of an insurance! 

Here are a few tips that will help you pick the right motor insurance for your vehicle:

· Right Insured Declared Value (IDV): IDV is the market value of the truck you want to insure. Your premium will be dependent on this. While looking for the right commercial truck insurance online, make sure your IDV is stated correctly. 

· Service Benefits: Consider services such as 24x7 Customer Support and a Wide Network of Cashless Garages, among others. In times of need, these services matter. 

· Review Add-Ons: While picking the right commercial insurance for your truck, consider the add-ons available to ensure maximum benefits. 

· Claim Speed: It’s the most important aspect of any insurance. Pick an insurance company you know will settle claims quickly. 

· Best Value: From the right premium and after services to claim settlements and add-ons; pick a motor insurance that conveniently covers everything you think you will need at the best possible value. 

It can be tempting to pick the cheapest truck insurance available. However, while comparing commercial vehicle insurance quotes, consider factors such as service benefits and claim settlement periods. Depending on your type of vehicle, trucks used for commercial purposes can be prone to a lot of risks. Therefore, weighing in important factors is important to ensure your vehicle and business are safeguarded against all the odds: 

· Service Benefits: Great services really matter in times of trouble. Make sure to evaluate services each insurance company is offering and make a sound choice accordingly. Some of the services Digit offers are 24*7 Customer Care Support and Cashless at 1000+ Garages among other services. 

· Quick Claim Settlement: The whole point of insurance is to get your claims settled! So, make sure you pick an insurance company that will guarantee quick claim settlements. 90.4% of Digit’s claims are settled within 30 days! Additionally, we have a zero-hardcopy policy, which means we only ask for soft copies. Everything is paperless, quick and hassle-free! 

· Check your IDV: A lot of insurance quotes online will have a low IDV (Insured Declared Value), I.e. the market value of your truck. While the IDV affects your premium, it also makes sure you get your right claim at the time of a settlement. The last thing you want during a theft or damage is to find out your IDV was low/at the wrong value! At Digit, we give you the option to set your IDV while buying your truck insurance policy online. 

· Best Value: Finally, pick a truck insurance that gives you a fair combination of it all. The right price, services and of course, quick claims! 

1. Model, Engine & Make of the Truck: When it comes to any kind of motor insurance, the model, make and engine has a big role to play in determining the right insurance premium! Similarly, your make, model and manufacturing year of the truck too will have an impact on your truck insurance premium.  

2. Type & Purpose of Truck: There are a variety of trucks businesses use for different purposes. Your truck insurance premium could range on different scales, depending on the type of truck and its purpose. For instance, a goods carrying truck will have a higher insurance premium than that of a small pick-up truck. This is because, a goods carrying truck would be larger in size and would also be liable on the value of goods it carries. 

3. Location: The location of your truck will obviously have a huge role to play in deciding your truck insurance premium. So, whether your truck is registered and will operate in a metropolitan city, hilly area or a small city. All these factors would be considered in deciding your truck insurance premium. 

4. No-Claim Bonus: If you’ve already had a truck insurance before and are currently looking to renew your policy or get a new insurer- then in this case your NCB (No Claim Bonus) will also be considered, and your premium will be at a discounted rate! A No-Claim Bonus means your trusk and driver hasn’t had a single claim in the previous policy term. 

5. Type of Truck Insurance Policies: There are primarily two kinds of insurances available for all commercial vehicles. Therefore, your truck insurance premium will depend on the kind of plan you choose. While the compulsory, liability only plan comes with a lesser premium- it only covers third party damages or losses caused to a third-party; whereas a standard package policy may be higher in premium but, would also cover damages and losses to our own truck and its driver respectively.