Why should you consider buying car insurance online?

Having your car insured is a crucial step, often not given much thought. It secures you and your car from unexpected damages as well as various risks when you take it on road. Getting your car repaired is not only stressful but also not easy on your pocket. Having valid car insurance allows you to get your car repaired without worrying about money. Additionally, it is mandatory in India for every car to have at least a third-party car insurance policy.

From groceries to clothes, there is seldom anything which is not available online. Yet, buying car insurance online is something many people are still hesitant about. With many insurance providers encouraging digitization, you can now purchase car insurance online if you have all valid documents. You do not have to rely on an agent to help you procure insurance. You can simply log on to the portal of your insurance provider, purchase your policy and pay using digital payment methods.

Here are some benefits of purchasing car insurance online that you should know:

You can compare multiple policies: The offline method of purchasing car insurance required a lot of effort. You need to contact a reliable insurance agent or visit the insurance branch, which may or may not be located in your vicinity. There is a limit to how many branches you can visit to compare the car insurance policy for its features. This is why many people lose on important benefits of insurance like NCB, roadside assistance etc. However, there is no need for manual comparison and physical visits if you buy car insurance online. You can just log on to the website of your choice of the insurance provider and check the quote. It allows you to compare multiple policies in no time and pick the best car insurance online. When you are trying to buy car insurance, comparison is the key to getting the most benefits.

Lengthy paperwork is no more required: When you purchase car insurance online, you just need to answer a few simple questions related to your car and personal details. As per these, you can choose the coverage for your insurance. Your identity details are also uploaded digitally. Buying car insurance online required zero paperwork and hence, lesser hassle.

It is convenient: All thanks to digitalisation, buying anything online is much more easy and more convenient. You can now buy car insurance online from the comfort of your home at any time suitable to you. It offers a seamless experience. This is not always the case in purchasing insurance manually. Online insurance can be purchased or renewed from any corner of the world.

You can get the best deal: With numerous insurance providers in the market, it is wise to compare policies across different insurers. You can compare policies based on coverage, cost and inclusions and get the best deal it. It is important to remember to compare only similar policies and not go with the cheapest one always. You must also look at the coverage, claim settlement ratio and important inclusions like depreciation cover, roadside assistance etc.

Car insurance online allows instant policies: Traditionally purchasing car insurance needs time. You need to look for a suitable policy months before you purchase one. You may also have to rely merely on word of mouth or the advice of an insurance agent. Completing documentation like filling out the application, and providing proof of identification takes time too. Once you apply, it takes time to generate the hard copy of your policy which is sent via post.

On the other hand, purchasing car insurance online allows you to purchase your policy. All you have to do is answer a few questions and make a digital payment and your policy can be downloaded immediately.

It is easier to check the credibility of the insurance provider: When you purchase car insurance, it is important to purchase it from a reliable insurance provider to ensure a quick and smooth claim process. By choosing an insurance company that has a poor claim settlement ratio or high turnaround time, you will be inviting more stress at the time of claim filing. Hence, checking the credibility of the insurance provider is vital. All thanks to the internet, it is now extremely easy to check that. You can simply go through the social media handles of your chosen insurance provider and go through customer reviews. Based on genuine reviews you can decide if the policy is suitable for your needs or not.

You do not need an agent anymore: Most of you visit an agent to purchase car insurance due to a lack of knowledge and no understanding of insurance-related jargon. An agent advises you on the best suitable insurance for your needs. But, when you purchase car insurance online, you have the power to explore the whole web and get all the answers that you need. You can check the meaning of all jargon and compare deals and policies, eliminating the need for an agent.

Car insurance online makes it easy to endorse: When you buy car insurance online, it is fairly easy to endorse the policy. This is an important feature, often ignored. It means if you need to add a member to the policy or get your address changed, you are required to fill out and submit an endorsement form digitally. The request for endorsement is sanctioned instantly. Buying car insurance online saves money, energy as well as time.

You get constant reminders: With all your data stored online, your insurance provider can help you with constant reminders to get your policy renewed before it expired. It is wise to renew your insurance timely and avail of all benefits like no claim bonus, roadside assistance etc.

Getting a Comprehensive car insurance policy is one of the key decisions you make as an owner of a car. Ensure you read and go through all the clauses and terms of your policy to avoid conflicts later at the time of claim settlement.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.