Having a car insurance policy financially protects you against unforeseen events that involve your insured vehicle. These could be accidents, natural calamities, or even theft. In return for this protection, you are required to pay policy premiums to your insurance provider.
According to the law in India, you must have your vehicle insured with at least basic third-party coverage.
These days, it is easy to buy motor insurance policies online. You can now apply for online car insurance in India and get the best protection for your vehicle in no time from the comfort of your home or office.
Now, while buying insurance online is super easy, it is equally necessary that you select the right policy to protect your vehicle. To help you out, here is a quick guide with a few tips and steps to get you going in the right direction.
Know your requirements:
In India, there are two main types of insurance policies to choose from -third party insurance and comprehensive insurance. Before you select an insurance plan to safeguard your vehicle, you must assess what you want your insurance to cover. This will help you understand which of the two policies you should buy.
Compare insurance companies:
You can find several car insurance providers online for your vehicle. Each of them offers different schemes with varying premiums and benefits. It is advisable to compare policies from different insurance providers to get the very best coverage and rates. You can use online aggregator websites to help you compare policies from different insurance companies. By doing so, you can note down the contrasting points from different policies and select the one that suits you.
Read the terms and conditions:
Before buying any insurance policy, make sure to read the fine print. This will give you an idea about the inclusions, exclusions, and clauses that are a part of your insurance policy. It is important to have thorough knowledge before you commit buy paying the premium. This will prevent any confusion later when filing a claim.
Steps in buying car insurance online:
Here is a quick look at the steps involved in buying an insurance policy for your car online. Do note that the process may differ from website to website.
Step 1: Open the website of the online car insurance provider that you prefer.
Step 2: Enter your details (name, e-mail, and mobile number) to create an account. This will generate an OTP.
Step 3: After entering the OTP, enter your car’s details such as brand, model, registration number/chassis number, date of registration, and year of make. This will help you get quotes for different types of car insurance plans.
Step 4: Browse through different quotes and select the required add-ons.
Step 5: Finalize the type of policy that fits your requirements.
Step 6: Fill all required sections of the form and proceed to the payment section.
Step 7: Make a payment by using a credit card, debit card, net banking, or other modes of online payment that the insurance website excepts. As soon as the transaction is complete, your motor insurance policy will be emailed to you.
Hope Headline insider article helps you complete and buy your online car insurance in India with ease. Good luck!