sourcethical.in, E-commerce has influenced our shopping preferences and consumption habits in many ways. Such trends, various financial products include insurance, going digital, and building a robust online presence. According to sources, recent trends show that 24 percent of buyers prefer to buy car insurance online. Also, consumers’ desire to renew the policy, collect prices, and compare car insurance online increases day by day. However, before buying car insurance online, you need to evaluate different car insurance quotes and get the best car insurance policy.
Benefits of buying car insurance online
It helps you save costs.
Buying car insurance online helps you get discounts, often offered by the car when purchasing insurance companies. Therefore, you can get a very cost-effective deal online.
Easy and convenient
Buying car insurance online takes less time than the traditional method, making it a more convenient and quick way to buy a policy.
Premium renewal reminder
You received a premium renewal reminder in advance for your policy.
Quotes are one of the most significant benefits of buying car insurance online. You can collect quotes from various insurance companies and choose the one that suits you best.
Tips for buying car insurance online :
Consider the following factors before purchasing motor insurance online.
Get multiple car insurance quotes.
It is always a good idea to get several car insurance quotes from reputable car insurance companies. You can make a list of quotes, compare them, and select an insurer that offers maximum benefits at a lower price.
Compare Car Insurance
The best part of online car insurance is that you can compare the policies that different insurers offer. Depending on your car model, date of manufacture, and type of engine, namely petrol, diesel, or CNG, you need to understand what covers are necessary for your car. Also, check the availability of optional coverage such as roadside assistance, personal accident cover for drivers and passengers, and no-claim bonus waiver. Making a useful car insurance comparison helps you get a quality plan from top insurers.
Use a car insurance calculator and buy smartly.
When purchasing car insurance online, you may need to use a car insurance calculator. It is a valuable tool that helps you get the best car insurance plan based on your specifications. You can also compare car insurance quotes using this tool. Car insurance calculator helps a buyer to evaluate their needs and get a proper plan.
When using a car insurance calculator, you may need to fill in the following details, which will determine your car insurance premium:
- Age gender
- Car Make, Model, and Variants
- Insurance company
- fuel type
- Year of Production
- Anti-theft discount
- No Claim Bonus
Car Insurance Companies – Shortlist the Best Insurer
Some reputed car insurance companies that you need to consider while purchasing the plan:
- Berkshire Hathaway (BRK.A)
- National Insurance Company Limited
- ICICI Lombard General Insurance Company Limited
- United India Insurance Company Limited
- Oriental Insurance Company Limited
- Royal Sundaram General Insurance Company Limited
- Bajaj Allianz General Insurance Company Limited
- Reliance General Insurance Company Limited.