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Online vs Offline- Which is the Best Way to Buy Car Insurance Policy
Jan 11, 2023

Online vs Offline Car Insurance- Which is the Best Way to Buy Vehicle Insurance Policy?

Almost a decade back, people use to prefer buying clothes, gadgets, groceries, etc. offline. With the advancement of technology delivering products became easy, cost-effective, and convenient as well. Today online shopping has become a preferred option in almost every product and service category. Gone are the days, when insurance buying was considered a tedious task. Today you can easily buy the suitable type of insurance policy from the comfort of your home or anywhere across the globe. With time, the Indian insurance industry has adopted a digitization-powered paradigm switch to ameliorate business. In this article, we delve into understanding whether you should buy car insurance online or offline.

Buying Car Insurance in India 2023

If you are a car owner or planning to buy one, ensure to have a comprehensive motor insurance policy in place. Car insurance is a type of motor insurance policy that offers protection against any loss/damage uncured in any unforeseen event. As per the Motor Vehicles Act of 1988, third-party car insurance is a legal mandate. Over the last few years, the process of buying a motor insurance policy has become easy and simple. Earlier people use to visit the motor insurance company or meet an insurance agent/advisor to buy insurance for the four-wheeler. Today insurance buying online has become convenient, the only things you need are a mobile/ computer and a stable internet connection With a plethora of four-wheeler insurance options available in the market, sometimes picking a plan may become a task. You can easily compare various car insurance online and zero down on a plan that suits your needs. Some people still get confused between buying car insurance online or offline. Let us now get into understanding the two methods of buying four-wheeler insurance. *Standard T&C apply

Difference Between Online vs Offline Car Insurance

The below table shows the difference between buying comprehensive car insurance online vs offline:
Parameters Online Car Insurance Offline Car Insurance
Meaning The process of buying car insurance with the help of a mobile/computer and an internet connection It refers to buying car insurance either through an insurance agent or by physically visiting the insurance company
Premium Comparatively low Mostly on a higher side
Paperwork Zero to minimal paperwork Need to fill multiple forms and involves paperwork
Plan Comparison Compare different insurance plans at one insurance website broker May have to visit the offices physically of different insurance companies
Transparency More transparent as there is no third-party involvement Less transparent as an intermediary involved
Renewal Process Easy and convenient Comparatively cumbersome
*Standard T&C apply

Wrapping It Up

Undoubtedly buying car insurance online is hassle-free and quicker compared to the conventional method of buying the insurance plan. People who may not be technology friendly may find online processes difficult to understand. The decision of purchasing car insurance is crucial and should be neglected at any cost. So, opt for a method that suits you and fits your requirement. If you are tech-friendly opt for the online method and pay cost-effective premiums. Be it online or offline, choose a comprehensive car insurance policy for yourself and others. And if you are not sure about the premium, you can also use a car¬†insurance premium calculator. The higher the risk of the vehicle, the higher is going to be the car insurance premium. All the vehicle owners must have all valid vehicle-related documents in place and handy. Drive safely and responsibly!   *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale. ¬†

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