In today’s era, from food to other commodities everything is purchased online. The Insurance industry is playing an active role in establishing themselves on online platforms. This idea is effectively simple but a lot of questions come to mind like, is it safe to buy car insurance online? Well I shall answer that.
Any form of vehicle, be it a car or motorcycle, these are a prominent necessity everyone caters too. Surely, we all own some vehicles for traveling. Now, if you own a car, it is mandatory to buy insurance policies to protect your vehicle.
A car insurance
A car insurance is an authentic policy that provides various benefits to the owner. These insurance policies play an active role to help cover up various property damages. The damage can be man-made calamities, accidents or other such adversities that cause potential damage. If you have authentic insurance this can cover up the cost associated with the damage.
There are a few different kinds of insurance policies available in the marketplace,
1. Third party insurance policy covers.
2. A comprehensive car insurance policy covers.
These two insurance policies are almost the same. The same also applies to the benefits associated with it. The plus point of comprehensive car insurance is that this policy provides better coverage when compared with third party insurances. Since they cover up broader coverages they have higher premium charges. In addition to that, they cover up various other damages like natural disasters, calamities, theft or fire.
There are various benefits associated when making a purchase of car insurance policies online.
First being policy comparison…
Policy Comparison– Laptops or smartphones help people to freely browse various policies available online. Customers are free to compare different policies that are available on various sites. This helps customers to compare and select the policy that best suits them. Thus you can additionally get a coverage policy without overspending. This is one of the plus points of browsing policies through online platforms. Otherwise the traditional approach wherein people have face-to-face meetings at various insurers can be exhausting and cumbersome. Moreover, people are forced to go from place to place to inquire about various policy benefits from different insurers.
Reduces Paperwork
Online applications reduce paperwork to a great extent. It almost involves no paperwork. On the contrary, buying any insurance policies offline expects you to provide various hard copies of documents or filling numerous forms. These steps can be eliminated when purchasing car insurance online. Moreover, it’s a simple environment-friendly action, wherein no paper is utilized
A convenient method
Buying car insurance online reduces the hassle of stepping out of your house. Customers are free to purchase their insurance anywhere at any given point of time. All you need is access to internet connection and a device to carry out the task. Such is the simplicity of purchasing a car policy online.
Farewell to insurance Agents
Insurance Agents come in handy to help you with various policies. At times these agents also charge fees for their services. When you try to buy a car insurance policy online, customers are free to browse the policies freely without the intervention of agents.
If you find some difficulty understanding the policies, clients are free to contact the customer service contacts. So you can always ring the insurer and clarify your doubts.
Affordability increases
Another benefit of purchasing policies online is that they reduce the charges. Online policies are more affordable than purchasing online. This is because when companies operate digitally it reduces various cost factors that are associated with offline functioning. Thus good companies make it a point to sell their policies at a reasonable rate. Due to this people are entitled to enjoy lower premium charges.
Instantly at your service
When clients go to buy their policies offline, they may face long queues. In addition, the procedure can be quite lengthy with lots of paperwork. Purchasing car policies online prevents these cumbersome activities. Moreover, customers get their digital copy of their purchased insurance quickly thus reducing time wasted.
After knowing all the benefits of buying car insurance online the next question that comes to your mind is, are these purchases safe?
The question of Safety always looms when subjected to online purchases. Car owners feel worried if the insurer is reliable or not. To this I would say not every online insurer runs a scam. There are various legitimate insurers available at your service. Thus it’s a safe step to buy car insurance online.
Buying car insurance online be it 3rd party or comprehensive insurance, they are legally valid and authentic. This assurance is provided to people by IRDAI (Insurance Regulatory & Development Authority of India).
Key points to consider
- Make sure the insurer is certified by IRDAI.
- Make sure you choose an insurer with a good foundation.
- Check reviews.
- If you have doubts do not proceed with the purchase.
- You can contact the insurers with the help of the contact details displayed if you run into a problem.
- Make sure the policy broker page is an authentic site.
- If the site’s glitch doesn’t proceed.
- Read and understand the terms and conditions carefully.
These are some of the key points that need to be considered when buying car insurance online. It is advisable to buy insurance that is certified by the IRDAI.
IRDAI registered companies are genuine, since these companies need to pass their set of tests. IRDAI issues a unique registration number to every insurance company. This number acts as a proof of the authenticity of the insurer’s company. Moreover when a company is registered with IRDAI, their insurance regulator makes it a point to keep an eye out for any malpractices, frauds and discrepancies. If found they help them accountable and remove them from the business thus it is safe to buy car insurance online.
Legitimate companies put up their registered numbers provided by IRDAI on their website and policies. You can find this number and check if the number is genuinely registered or not. So make it a point to check out their registration number before you make any purchase of policies.
It is also advisable to read the terms and conditions carefully. Make sure you understand these terms and conditions before you purchase your insurance. You wouldn’t want to face issues and disputes later on..
This is all you need to know on how to buy a car insurance online, the safest pathway towards it and various benefits associated with it. So the next time you plan to purchase insurance for your car make sure the insurer covers up all their details for a safe and hassle free service.