When a new car comes home, the responsibility for its care and safety also comes with it. Due to this concern, people get car insurance. Now it can be easily purchased online as well as offline. Here we are going to tell you the complete process of taking car insurance online, which includes a step-by-step process of comparing, choosing, and buying coverage. But before that, let us know why one should buy car insurance online (Online car insurance Tips).
Why buy car insurance online
There are many benefits of taking car insurance online. It saves your time and you do not have to wander here and there. Along with this, you can compare many policies sitting at home. So that you can get the best coverage according to your needs. Apart from this, the digital platform helps find add-ons, adjust coverage, and calculate premiums without any pressure. This is a smart way to secure your car.
Understand your needs
You have to understand well what kind of car insurance you want. It is important to understand the two main methods of the car insurance process in India.
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Third-party car insurance
It is legally mandatory to take it in India. If you are caught driving without it, you can be fined. At the same time, it covers damage or injuries to a third party.
Comprehensive car insurance
It covers damage to your car in addition to third-party liabilities. It includes damage caused by natural disasters, theft, and accidents. If you want complete protection of your car, then this insurance is best for you.
Documents required to buy insurance online
Your car registration number.
Model and manufacturer details.
Details of previous insurance policy (if applicable).
Driver’s license and bank account information.
Compare policies
- Use online websites to compare premiums, inclusions, and exclusions of multiple companies.
- Pay attention to factors such as the company’s claim settlement ratio, network garages, and customer reviews.
- To make your policy even better, look for add-on covers such as zero depreciation, engine protector or 24/7 roadside assistance.
- When comparing policies, keep in mind that the lowest-priced plan is not always the best.
- Also check if it has a high resolve ratio with cashless network garages.
Know how much it will cost
Online platforms allow you to calculate your premium instantly. Premiums are affected by the following factors:
- The make and model of the car.
- How old and used it is.
- When and where it was registered.
- What add-ons you are adding to the insurance.
Choose the right add-ons
Zero depreciation cover: It helps compensate for damage to the car’s parts.
Engine protector: This covers damage to the engine, which is usually not covered in standard plans.
Roadside assistance: This compensates for damage caused by situations such as breakdown or tire puncture.
Personal accident cover: This provides you with financial protection against injuries caused due to accidents.
Easy way to buy car insurance online
Fill an online form with your car and personal details.
Review the policy terms, including inclusions and exclusions.
Pay via your preferred method like UPI, net banking or credit/debit card.
Important tips for car insurance renewal
Set reminders for renewal to avoid a lapse in coverage.
Update your policy with relevant add-ons or upgrades, such as changing the insurance value.
Renew insurance before the last date to retain benefits such as No Claim Bonus (NCB), which gives you cost-effectiveness on premiums.
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