• Things To Know When Applying For Car Insurance Online

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    With the ongoing advancement in technology, insurers have introduced their own websites to make it easier for the people everywhere to purchase or renew car insurance online at their convenience. Car insurance is mandatory to have as per the Motor vehicles Act of 1988. As per the law, every vehicle plying on the road should be insured with a third-party coverage at least. You can decide on the kind of coverage you require and choose a policy that best suits your insurance needs.

    Car insurance policies available are of two kinds based on the insurance coverage offered, comprehensive car insurance policy and third-party liability cover. Comprehensive car insurance policy offers an overall extensive coverage for own damages as well as third-party losses/damages. Purchasing any of the base policies online is easy and does not require a lot of time. Availing insurance policy online comes with a number of benefits for the policyholder.

    Hence, when planning to buy a car insurance policy online, there are several things that you need to keep in mind, a few of them are:

    • Compare different insurance policies It is important that you know about the different policies available in the market and compare the ones that benefit you the most monetarily and in terms of meeting your insurance needs. Comparing insurance policies online is easier, especially because all the necessary information is available on the same platform. It would be easier for you to choose the most optimum insurance policy for yourself after you have compared various policies and understood their advantages and disadvantages. Ensure you visit reliable websites to obtain the relevant data before making a decision.
    • Policy benefits and features

    It's easier to learn about the insurance policy you have decided to purchase, online from the official website of the insurer. You can understand the salient features of the policy and also the benefits that come with it. In case of any queries regarding the policy, you are free to contact the customer care team.

    • Elimination of intermediaries

    Purchasing insurance policy online eliminates the need for dealing with insurance intermediaries at the time of policy purchase or renewal. There are no third-party insurance agents or other intermediaries involved in the purchase or renewal of insurance policy. Hence, you won’t have to waste time meeting agents or have the fear buying a fake car insurance.

    • Time saving

    When you purchase insurance policy online, you can save a lot of time. You don't have to travel to meet agents or visit the branch office of the insurer or run around for documentation, etc. You can purchase or renew car insurance anywhere, anytime without wasting your time.

    • Saving money

    Insurers profit more from online policy purchase or renewal due to the fact that no additional money is spent on documentation, meeting clients, etc. Often the insurers pass a percentage of their profits to their customers in the form of discounts on insurance premium. Hence, you can avail a good car insurance online for a lesser cost.

    • Exciting deals and offers

    Third-party insurance websites and official websites of the insurers will exhibit ongoing offers or deals on car insurance plans purchased online. Always keep a lookout for such deals that you will benefit from.

    • Quick and hassle-free policy approval

    Purchasing or renewing insurance policy online is easy, quick and hassle-free. The whole process will not take more than an hour. After you have applied for the insurance policy online, the insurer will send a vehicle inspector to your house to conduct a vehicle inspection, post which your insurance will be approved by the insurer. You can easily pay for your policy via any of the online banking methods such as credit card, debit card, netbanking, etc.

    • Paperless documentation

    Online purchase or renewal of policy is environment-friendly too as the process involves paperless documentation. You have to upload scanned copies of the relevant documents online as requested hence saving on paper.

    • Secure purchase/renewal

    Though there is a certain security risk today when purchasing things online, official websites of the insurers or other reliable third-party websites have taken appropriate measures to ensure customer safety when visiting the sites. Hence, availing insurance policy from online website is one of the safest options available.

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