What is the Easiest Way to Purchase a Car Insurance Policy?

Posted On September 16, 2022

In India, it is mandatory to have a third-party insurance policy for cars. These policies offer coverage for third-party liabilities arising due to an accident involving the insured car. However, they do not offer coverage for damages to the insured vehicle. Hence, many people opt for comprehensive policies that include third-party liability and own-damage cover. While traditionally, buying a car insurance policy involved a lot of paperwork and visits to the insurer’s office, today, you can buy car insurance online in a hassle-free manner.

When you start looking for a four-wheeler insurance plan, one of the most important aspects to consider is the premium amount. While many car owners try looking for cheap car insurance in India, they need to be careful not to compromise the coverage for a lower premium. In this article, we will talk about the easiest way to purchase a car insurance policy.

The Best Way to Purchase Car Insurance

Digitization has made the delivery of insurance policies easy and hassle-free. Today, using a computer or a smartphone and an internet connection, you can search, compare, and buy the best plan for your needs. Most providers offer an option to buy or renew car insurance online. This offers car owners a simple and hassle-free process to buy a car policy online.

Advantages of Purchasing Motor Insurance Online

Applying for car insurance online is the process of buying car insurance via the internet without having to visit the insurance company’s office. Here are some advantages of buying motor insurance online:

●        Easier to Find Better Deals

You can research car insurance policies online and find the best deals based on your needs. There are numerous insurance plans available online. This makes it easier to find and compare providers and plans on your smartphone from anywhere you want.

●        Cost-efficient Policies

In the offline process, car insurance policies were sold through agents. Hence, there was a distribution cost involved. When you buy car insurance online, there are no distribution costs, and hence, insurers offer affordable premiums on policies.

●        Hassle-free Process

You can buy instant car insurance online. All you need to do is visit the website or app of the insurance provider, choose the policy and add-on covers and make the payment of the premium. The policy documents are sent to your registered email ID.

●        24/7 Customer Service

Most insurers offering online car insurance policies also have a team of customer service experts to help answer any queries and assist you in purchasing policies online. This can make the buying process simpler.

●        Quick Claim Settlement Process

When you opt for an online car insurance policy, you can avail of cashless claims and instant claim settlement with the insurer. This can help you manage emergencies with ease.

Tips to Buy Car Insurance Online

Here are some handy tips to help you buy the best car insurance policy online:

• Collect all information about your car and its registration before you start looking for a car insurance policy
• Compare providers and plans and look for a policy that offers the maximum coverage at the minimum cost
• Go through the list of add-on covers and choose the ones that are important for you
• Choose the Insured Declared Value (IDV) carefully as this can impact the sum assured by the policy. Hence, the premium can vary too.
• Make sure that you are aware of the latest regulations regarding car insurance policies

Conclusion

As you can see, the easiest way to purchase a car insurance policy is by buying it online. Most insurance providers allow car owners to buy an insurance policy via their websites or mobile applications. You can go through the inclusions and exclusions of the policy and compare plans to find the best policy for your needs.

Frequently Asked Questions

Q1. Which is the best way to take car insurance?

The best way to buy car insurance is to purchase it online. It allows you to compare plans and choose add-on covers based on your requirements and budget.

Q2. What are some tips for buying car insurance online?

Here are some tips for buying car insurance online:

• Understand your hosting requirements
• Collect all information and complete all mandatory registrations before initiating the buying process
• Research the options and compare plans and providers
• Choose add-on covers carefully
• Keep abreast of the latest regulations in the car insurance segment