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Safety rating plays an important role in determining the value of a car. These ratings, provided by the India New Car Assessment Program (NCAP) and Global NCAP, test cars’ ability to withstand crashes and evaluate their overall safety performance. Car safety ratings directly affect car insurance premiums, including third-party car insurance. A higher protection rating signifies a lower risk profile, which means cheaper premiums.
This blog post compares the two leading safety rating bodies, India NCAP and Global NCAP, on their rating methodologies, their importance in insurance valuation and how car owners can leverage these ratings for more affordable and efficient insurance policies. Let’s discuss. Plus, let’s understand how to make sure you’re getting the right value from your car insurance based on these safety ratings. In short, if you want to understand the relationship between car safety ratings and insurance, this is your definitive guide.
India NCAP vs Global NCAP: A Comparative Analysis
The Global New Car Assessment Program (NCAP), established in 1997, conducts an unbiased analysis and testing program that provides safety scores for many car models around the world. The rigorous evaluation processes adopted ensure a standard measure of safety for vehicles across the globe. In contrast, India NCAP is an effort launched by the Government of India in 2014, which aims to increase road safety in India. Its objective is to motivate automobile manufacturers to make safer vehicles, thereby reducing road accidents. Both organizations play an important role in car safety standards and consumer awareness, but India NCAP specifically caters to India’s unique traffic conditions and safety needs.
test protocol
Bharat New Car Assessment Program (NCAP) and Global NCAP have different protocols for testing the safety of vehicles. Global NCAP’s testing methodology includes front offset impact tests conducted at 64 km/h and side impact tests conducted at 50 km/h. They then analyze the safety level of the vehicle by studying the damage caused to a crash test dummy placed inside the car during these tests.
India, on the other hand, is keen to adopt a wider range of NCAP safety testing protocols. These include not only front and side impact tests but also rear impact tests. They are also considering including pedestrian safety tests and child restraint system (CRS) tests which are conducted as per European standards. However, these methods are still in the developmental stage and India NCAP has not yet officially launched its protocols. The inclusion of the CRS test indicates the organization’s intention to increase safety measures, especially for children in cars. The overall goal of India NCAP is to provide a comprehensive assessment of the safety features of a vehicle.
star rating system
The star rating system is an important element of the security assessment process employed by both organizations. It uses a quantitative metric to assess the safety of vehicles in the event of a crash. A car that receives a five-star rating has been thoroughly evaluated and shown to offer superior protection to its passengers in the event of a collision, significantly reducing the risk of serious injuries or death. On the other hand, a car that gets a one-star rating suggests that it fails to provide adequate safety, increasing the risk of damage during accidents.
Global NCAP (New Car Assessment Programme), a globally renowned organization in the automobile industry, takes a comprehensive approach to safety assessment. It offers two different ratings – one for adult occupant protection, and the other for child occupant protection. Taking into account factors such as seatbelts, airbags and the effectiveness of car seats for children, the system effectively evaluates how well the car protects its passengers. The yet-to-be-implemented India NCAP intends to broaden its assessment to include pedestrian protection, which will evaluate features such as automatic emergency braking systems, impact-absorbing body structures and other factors that may affect pedestrian safety. Can reduce the damage caused to. Collision incident. This more inclusive rating will not only cater to passenger safety but will also focus on improving overall road safety.
Car Insurance: Protection from unexpected events
As important as car safety ratings are, one should never underestimate the importance of car insurance in your car ownership journey. It provides the necessary financial cover in case of accidents like accidents, theft, natural calamities etc. There are many types of car insurance, and we will focus on third party car insurance.
What is third party car insurance?
Third-party car insurance, also known as liability insurance, covers any damage or loss caused by your insured vehicle to a third party or their property. This is mandatory in India and non-compliance can result in serious penalties. This type of insurance provides peace of mind by providing coverage against potential third-party liabilities.
Benefits of third party car insurance
Third-party car insurance acts as a protection for the insured against huge financial liabilities arising from unexpected accidents. With this policy, the insurance company covers the costs incurred due to damage or loss caused to property, life or health of a third party due to the fault of the insured. These expenses can range from medical treatment to repair or replacement costs of damaged assets, which can add up quickly, causing a significant financial burden. In cases of serious injuries or death, the court usually determines the amount of compensation, which can be very large. Therefore, having third-party insurance provides a safety net that protects the policyholder from the burden of these huge expenses.
Disadvantages of relying solely on third party car insurance
Third-party car insurance is beneficial as it protects you from the legal implications of causing damage to another person or their property while driving. However, as its scope is limited to these damages only, it does not provide any protection for any damage caused to your vehicle or personal medical expenses arising due to an accident. This is where comprehensive insurance proves to be a better option.
As the name suggests, it offers a comprehensive cover that not only includes third party liability but also provides coverage for damage caused to your vehicle, and even any personal injury related to the accident. Can also take care of medical costs. Therefore, for complete financial protection against possible road risks, it is recommended to choose comprehensive car insurance.
conclusion
The importance of safety ratings offered by organizations like India NCAP and Global NCAP and a strong car insurance policy like third party insurance or a more comprehensive comprehensive cover cannot be overemphasized. As a responsible car owner, understanding these elements will ensure that you are making informed decisions, which will ultimately lead to safer roads and safer travels.
Disclaimer, The above information is for illustrative purposes only. For further details, please refer to the policy wording and prospectus before concluding the sale.
This article is a paid publication and does not have any journalistic/editorial involvement with Hindustan Times. Hindustan Times does not endorse/subscribe to the content and/or views of the articles/advertisements expressed here. Hindustan Times will not be responsible and/or liable in any way for all views, opinions, pronouncements, declarations made and/or stated in the article. The affirmation(s), affirmation(s) etc. are stated/illustrated therein. The article does not contain financial advice.
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