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How to Buy Car Insurance Online?

Updated on February 17, 2020 , 51 views

E-commerce has impacted our buying preferences and consumption habits in many ways. Looking at such trends, different financial products including insurance, are going digital and creating a strong online presence. According to sources, recent trends state that 24 percent buyer prefer to buy car insurance online. Also, the willingness of consumers to renew a policy, collect prices and compare car insurance online is soaring high day by day. However, before buying car insurance online it is important for you to look at the right parameters to evaluate the different car insurance quotes and get the best car insurance policy.


Benefits of Buying Car Insurance Online

Helps you Save Cost

Buying car insurance online, helps you get discounts, which are often offered by the car Insurance companies while buying. Hence, you can get a very cost-effective deal online.

Easy and Convenient

Buying car insurance online takes less time compared to the conventional method, which makes more a convenient and quick way to buy a policy.

Premium Renewal Reminders

You get premium renewal reminders in advance for your policy.

Multiple Quotes

This is one of the biggest advantages of buying car insurance online. You can collect quotes from different insurers and choose the one that suits you the best.

Tips to Buy Car Insurance Online

Consider these following factors before purchasing Motor Insurance online.

1. Get Multiple Car Insurance Quotes

It’s always a good idea to get multiple car insurance quotes from reputed car insurance companies. You can make a list of quotes, compare them, and select the one insurer who offers the maximum benefits at an affordable price.

2. Compare Car Insurance

The best part of online car insurance is that you can compare the policies that different insurers have to offer. Depending on your car model, date of manufacturing and engine type, i.e. petrol, diesel or CNG, you need to understand what covers are required for your car. Apart from this, check the availability of optional coverage such as roadside assistance, Personal Accident covers for driver & passengers and no-claim bonus discounts. Doing an effective car insurance comparison helps you in getting a quality plan from the top insurers.


3. Use Car Insurance Calculator and buy smartly

When buying car insurance online, you may need to use the car insurance calculator. It is a valuable tool that helps you get the best car insurance plans on the basis of your specifications. You can also compare car insurance quotes by using this tool. The car insurance calculator helps a buyer to evaluate their needs and get an appropriate plan.

While using car insurance calculator you may need to fill the following details, which will determine your car insurance premium:

  • Age and gender
  • Car make, model and variant
  • Insurance company
  • Fuel type
  • Year of Manufacture
  • Anti-theft discount
  • No-Claim Bonus

4. Car Insurance Companies- Shortlist the Best Insurer

Some of the reputed car insurance companies that you need to consider while buying a plan are:

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These are some of the best car insurance companies that you must consider before buying a vehicle insurance plan. Also, follow the aforementioned tips that will surely help you choose the most suitable car insurance plan online.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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