How to Buy Third Party Car Insurance Online?
With more and more third-party car insurance companies sashaying into the marketplace, it is common for people to get confused with regards to which policy is best suited for their needs. In the face of different products having varying features and benefits to their credit, buying a car insurance plan is certainly not as easy as before. Fortunately, third party car insurance companies in India are making their presence felt online and are not hesitating from posting the details of their popular, newly launched and existing products on their official websites for prospective buyers to see.
In the given scenario, it has become easy for customers to assess, compare, and choose the best third party car insurance policy for their needs. Here we aim to throw light upon the ease of purchasing insurance online and why the act is considered better than buying car insurance coverage from offline sources.
Essentials of Buying Third Party Car Insurance Online
1. Discounts and Online Deals
Selling third party car insurance products online eliminates the need of brick and mortar stores and agents attributed to insurance companies. With reduced costs of operations, lesser paperwork, and negligible brokerage expenses in the offering, these third-party car insurance providers are known to offer a part of their savings in the form of discounts on insurance to their customers. Therefore, one of the most important essentials of purchasing third-party car insurance online pertains to checking out the available discounts online and then freezing your choice on one. Remember, the cheapest option may not give you the best coverage benefits, so choose accordingly.
2. Comparison of Features and Benefits
While the basic features of most car insurance plans are the same, there exist certain differentiating factors and key points that render them different from each other. With a plethora of options available on the racks, it makes good sense to compare the features and advantages doled out by different online insurance products before agreeing to pay for the best one online.
You need to compare the essential features of third party car insurance plans provided by different companies; these features are the premium amount, scope and tenure of coverage, ease of claim settlement, extensibility of coverage through add-ons, terms and conditions, riders and benefits, No Claim bonus, etc. Once you have shortlisted the plans that adhere to your insurance and premium budget requirements, you need to check out the Incurred Claim Ratios of the companies in consideration to understand the probability of claim settlement in case the need arises.
3. Purchase Third Party Car Insurance Online
After you have gained clarity about the type of insurance you wish to purchase to safeguard your vehicle and the insurance company that you would like to deal with, go ahead with your purchase. Third party car insurance online buys direct you to safe, quick, and reliable means of making payments online through credit cards, debit cards, and net banking channels.
Once your application is processed and the exact amount has been paid for the car insurance online, you will receive your insurance plan in your mailbox instantly. Download the same for your records and go ahead with your drives on Indian roads with more peace of mind – now, you are insured for all third-party liabilities!
How is Online Better than Offline?
The eternal question that plagues the minds of most current day third party car insurance policy buyers is whether they should opt for an agent or buy the plan online. The ease and convenience of purchasing insurance from the comforts of your home or office cannot be denied in anyway. The processes involved are fast and quick and help you get the product of your choice anytime and from anywhere.
More so, apart from the regular discounts provided by car insurance companies to prospective buyers, intense competition is paving the way for further discounts in the form of cheaper premiums in comparison to offline policies. It is a given that the premiums asked for by third-party car insurance companies online is 30-40% cheaper than that of offline policies
Coverfox.com helps you with the online details of different insurance companies as well as the latest information about the insurance plans in their product bouquet. Compare and buy the best third party car insurance online by making use of the car insurance premium calculator and other insurance comparison tools available online on this site – you will be happy to see the results.