Is it Compulsory to Buy Insurance From a Car Dealer?

While having third-party liability insurance is mandatory for all vehicles on the road, purchasing insurance directly from the car dealer is not compulsory. Many opt for dealer-provided insurance due to its convenience, as the dealer acts as a mediator between you and the insurance company. However, it's not necessary to investigate or compare coverage options if you trust the dealer. Yet, exploring different coverage options available in the market can ensure the most suitable policy for your needs, potentially saving you money and providing comprehensive coverage.

• Hassle-free process: Buying car insurance from your car dealer simplifies the selection process, saving you from extensive research.

• Discounts available: Dealerships often offer discounts on insurance plans, making them more cost-effective options.

• Customer support: Car dealers are accessible to address any inquiries or uncertainties you may have about insurance.

• Claims assistance: In the event of an insurance claim, dealerships provide support and guidance throughout the claims process.

• Assistance in choosing a plan: Dealerships assist in selecting a suitable insurance plan tailored to your needs, ensuring essential coverage.

• Consider commission costs: Insurance bought from car dealerships may include their commission, leading to higher premiums compared to external options.

• Limited choices: Dealerships often have partnerships with select insurance companies, limiting your plan options.

• Potential feature restrictions: You may find limitations in plan features or riders when purchasing insurance from dealerships.

• Watch for unethical practices: Some dealerships may engage in unauthorised additions to policies, so it's essential to remain vigilant.

To ensure transparency and access to a broader range of plans, it's recommended to research and compare insurance options available online before finalising your decision.

After weighing the pros and cons of acquiring car insurance from a dealership, you're now better equipped to make an informed decision. It's advisable to explore the variety of online insurance plans, including those available at Bajaj Markets, before finalising your choice. You may find a plan that not only suits your needs better but also comes at a more affordable price compared to dealership offerings.