Car insurance is your protective cover in case of an accident or damage. It is a way of preventing a dent in your pocket if your vehicle meets with an accident. Moreover, according to the Motor Vehicles Act, 1988, getting your vehicle insured is mandatory in India. You can easily buy car insurance online from an authentic motor insurance provider in the digital world.
To begin with, you must know all about the different kinds of car insurance you can purchase, so read on.
Comprehensive car insurance: This plan covers all damages/injuries inflicted on you or your vehicle, as well as the cost of third-party damage. It also secures you against damage caused by natural calamities such as hailstorms, earthquakes and other natural disasters. It underwrites the cost of repairing your car and provides financial protection in case of theft, fire or riot.
Third-party insurance: This plan only covers the damage caused to third parties and does not provide financial support for damage to your vehicle.
You can get car insurance online, which allows you to analyse and effectively browse through numerous products with various premiums before you make the purchase decision. You may even receive special offers only on the insurance company’s website if you apply online. For more information on the best and most affordable online car insurance plans, visit the Bajaj Finserv website.
Now that you know the different types of car insurance plans let’s understand the main reasons one must opt for buying car insurance online in India.
Better coverage
Insurance companies offer a variety of products and add-ons, which makes it easier for you to select the one best suited for your needs. Depending on your budget for the premium, you can opt for third-party coverage or a comprehensive plan. With the latter, you also get the option of some add-ons like zero depreciation, personal accident cover and more. You can also modify the Insured Declared Value (IDV) as per your need. Given the sheer variations in coverage you can have on any car insurance, it is best to take some time and browse the internet for the plan you prefer the most.
Competitive premiums
The current trend in the Indian car insurance market is to attract customers by promoting low premium rates. While the premiums are low and coverage limits are decent, reading the policy wordings for hidden costs and other terms is essential. By reading through the terms and conditions and buying car insurance online, you know your entitled coverage.
Hassle-free process
You can easily buy car insurance online from a reliable website, like Bajaj Finserv. The process is hassle-free and straightforward, with minimal documentation and best offers. It also saves your time, and you can get answers to all your queries online.
Add-ons
If you plan on buying your car insurance online, you can get better add-ons and offers. Insurance companies offer several add-ons to keep up with the competitive online market. Some of the popular add-ons are personal accident cover and zero depreciation.
Easy buying and premium calculation
The car insurance premium depends on several factors, such as the vehicle’s model, manufacturer, age, and cost. You can quickly check the premium amount of your car insurance by entering the details on the company’s official website. In addition, some websites even have premium calculation tools, making it easy to determine premiums.
Saves time
By buying car insurance online, you can save a lot of time. You can buy any car insurance, be it comprehensive or third party insurance , from the comfort of your home. It saves your travel time and expense and eliminates the commission aspect.
No middle man
As discussed, you do not need a middle man while buying car insurance online. You can directly make your decisions with guidance from the information available online.
And with all the above benefits, it becomes easy for anyone to buy car insurance online in India.
