Some Tips to Help You Buy Car Insurance Online

Buy car insurance online | Image Resource : moneycontrol.com

Insurance, as you know, is indispensable for any vehicles, including cars. There are a large number of insurance companies out there offering car insurance plans to meet buyers’ specific requirements. Nonetheless, it is not easy to find the right policy for the insurance policies offered by the companies in India vary with regard to the features offered at different prices. There is no short-cut other than research to choose the best car insurance policy online.

Points to Ponder before Choosing Car Insurance Online

Where you are prepared, you are sure to find the right insurance coverage you want. The points mentioned below will help you with it.

  1. Decide the Policy You Want: With companies offering a plenitude of car insurance plans, it is essential to first understand your needs and then decide on the best motor insurance coverage you want. However, there are two types of car insurance offered by insurance companies and they are:
    • Third-Party Liability Insurance: With this type of policy, you can cover any damages to the third party, whether it is with his or her life or property. The insurance policy does not entitle you for any compensation for damages to your vehicle.
    • Comprehensive Insurance: This plan covers any loss or damage to your car owing to natural or man-made calamities, personal accident coverage and third-party liability coverage.
  2. Compare and Choose the Suitable One: There are innumerable insurance companies offering you insurance plans. You need to compare them in regards to the sum insured, add-ons provided, inclusions and exclusions in the policy, deductibles, claim process, etc. You can choose the one that offers you the best features at a reasonable premium.
  3. Choose the Plan that Offers Easy Claim Process: The primal objective of buying car insurance is to have quick financial assistance at the time of accident, so it is essential to choose a plan that offers easy claim process.
  4. Look for an Insurer with High CSR: An insurer who has a high claim settlement ratio (CSR) is better preferred and therefore, you need to check the CSR before finalizing your choice. This will ensure you of having higher chances of your claim getting approved.
  5. Read the Terms and Conditions: You should never ignore to read the terms and conditions because if they are not favorable, you will be put in legal hassles while filing a claim.

Where you follow the points mentioned above, you are sure to choose and buy car insurance online easily.


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