8 Reasons To Buy Car Insurance From Online Insurance Broker

Purchasing a car of your choice is a dream come true. However, maintaining the car and taking care of all kinds of responsibility that comes along with the car is not easy. After purchasing a car, the owner must have a car insurance policy. It is mandatory to have at least a third-party liability insurance policy as per the Motor Vehicle Act, 1988. Not having it is a punishable offense and the offender will have to pay a hefty amount of fine.

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Third-party liability insurance for cars provides cover for only third-party liabilities. Since the internet has taken over the world, everything is done online. It is easier to purchase an insurance policy now. You can purchase an insurance policy through Online insurance brokers. There are several reasons behind us suggesting you purchase a policy online.

So, if you have recently purchased your dream car then protecting it with an insurance policy should be your priority. Let us tell you why you should purchase a car insurance policy from an online insurance broker?

1. Easy to Purchase & Cost-Effective

Purchasing an insurance policy online makes the process easy. The plan you purchase online is less costly than the plan you purchase online. The reason behind it is when you purchase the plan online, the agent’s fee is excluded. It is because you do not require an agent’s guidance is not required as you can understand the policy by yourself. Hence you do not have to pay any commission.

When you purchase the insurance offline, the company sends their agent to your place so that they can tell you about the policy face to face. It is not complimentary and you have to pay the agent’s fee out of pocket.

2. Easy to Compare

When you decide to purchase a car insurance policy, the first thing that comes to mind is affordability and good coverage. So when you purchase the policy through an online insurance broker, they provide you with a facility that lets you compare different plans online. You can compare them based on their coverage and premium rates. This facility provides you an accurate idea that helps you organize your expenditure accordingly.

3. Calculate Premium Rates

The online insurance brokers provide different kinds of online facility that makes the purchase hassle-free. Once you are done with the comparison and decide to purchase a particular policy, you can calculate the premium rate of the plan using the online car premium calculator. This will give you an exact idea of the amount you have to pay depending on the tenure of your policy.

4. Renewing Policy Is Easy

An insurance policy comes with a validity period. Once that validity ends, you have to renew the policy to enjoy the benefits provided by that policy. If you forget to renew the policy and it lapses then you won’t be able to enjoy the benefits that come with it.

When you purchase the policy offline, you have to talk to the agent and get it renewed which will include the agent’s fee also. However, if you purchase the policy online, you get the option of renewing it online before the expiry date. You can pay the premium of the policy online.

5. Minimum Paperwork

When you purchase a policy offline. It comprises a lot of paperwork. You have to sign a bundle of papers as well as submit the required documents. This takes a lot of time and sometimes when you miss signing any paper, you have to visit the insurance company’s office to get it done.

Whereas, purchasing the policy online makes the process easy and you just have to submit the soft copies of the documents that can be done in a few clicks. You do not miss any important detail and the process goes smoothly.

6. Transparent & Convenient

When you purchase the car insurance policy offline, the insurance company sends their agent. However, it is the sole purpose of an agent to let you know about all the important detail related to the policy but sometimes human errors take place and they miss some important points. This can create a bit of a problem for you during the policy tenure.

Hence purchasing the policy online makes the process transparent and very convenient because you can read and understand all the terms and conditions of the plan. It makes the process easy and convenient and you do not have to worry about anything fraudulent.

7. Instant Issuance

When you purchase the car insurance policy online, the insurance company issues the policy in your name almost immediately. As soon as you pay for the policy, they send you a confirmation to your registered mobile number and email. But when you purchase the policy offline then you might have to wait for your policy to become active in a few days.

8. Easy to Check Insurance Company’s Credibility

When you purchase the policy, the insurance company checks your credit history and sees if you can afford the policy. Similarly to make sure that you are in the right hands, you can check your insurance company’s credibility online. You can check the incurred claim ratio, claim settlement history as well as how quickly do they settle the claim. These details can help you learn about your insurer.

Summing it up

Purchasing a car insurance policy online makes the process easy for the buyers. The insurance companies have started prioritizing the buyer’s comfort and make sure that the buyers have a good experience while purchasing the policy. Insurance experts also suggest the buyers purchase an insurance policy online. Make sure you purchase the right policy for your car and protect it from unforeseen accidents.

Written By: PolicyBazaar - Updated: 29 July 2021
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