Reasons to Buy/Renew Car Insurance Online

Reasons to Buy Car Insurance Online

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27 Sept 2021
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8 Reasons To Buy Your Car Insurance Online

With the digital revolution booming in India, almost everything is available on the internet. However, many individuals continue to shy away from the online world and prefer the traditional way. Apart from the ease and convenience of buying car insurance online, there are numerous other perks that you can take advantage of. So, in this section, let us explore the reasons to opt for car insurance online:

Why Should You Purchase Online Car Insurance?

Check out some key reasons as to why you should buy car insurance online:

  • In-Depth Research

Nowadays, most car insurance companies make their car insurance plans available on their official websites. Thus, it becomes easier for you to research these plans and understand the policy features. Aspects such as insurance coverage, exclusions, terms and conditions, benefits, add-on covers and more can be accessed online. This way, you can personalise the car insurance policy to suit your requirements and get your money’s worth!

  • Easy Comparison

With the help of online tools and calculators, you can compare various insurance plans at the click of a button. Gone are the days when you had to physically compare the insurance plans on several factors to pick the right one. Now, you can simply input your details and compare policies side-by-side based on the premium rate, coverage amount, add-on covers, etc. That’s how easy it is to purchase car insurance online.

  • Affordable Premium Quotes

Earlier, there wasn’t a direct method to get car insurance and thus, you had to take the help of an intermediary. But due to the internet, you can straightaway buy an insurance plan and avail a cost-effective premium rate! Without any intermediary involved in the process, the price of online insurance is lower when compared to its offline counterpart.

  • Convenient Method

In today’s fast-paced life, nobody has time to physically visit a branch office to buy car insurance. And thus, it is much easier to secure your four-wheeler on the way to work or from the comforts of your home. You just need a stable internet connection and you are all set!

  • Transparency

With everything being online, you can enjoy complete transparency when it comes to your car insurance policy. The terms and conditions as well as the exclusions of the plan are made available by the insurer. Apart from this, you can also access the claim settlement ratio, and customer review and ratings to make an informed decision.

  • Minimal Paperwork

The buying process for car insurance online involves filling out the application form and uploading the necessary documents. Yes, that’s it! There is no requirement for lengthy forms and photocopies of your documents while buying online car insurance. Thus, you can enjoy minimal documentation with just a few clicks.

  • Hassle-Free Renewals

Your car insurance plan is valid throughout the policy tenure. So, you must renew the plan before the expiry date to avoid policy lapse. With online car insurance, you can complete this process just as easily as you had bought the policy. If you forget due dates, you can choose to opt for auto-renewal of your car insurance cover.

  • Instant Premium Calculation

You can estimate the premium rate of your plan with the car insurance premium calculator available on Finserv MARKETS. This not only enables you to compare the premium prices but also shop within your budget.

How to Buy Car Insurance at Finserv MARKETS?

Here’s how you can get car insurance online with Finserv MARKETS in just a few minutes:

  1. Go to the ‘Car Insurance’ section on Finserv MARKETS

  2. Click on ‘Purchase car insurance online’ and input the required details

  3. Pick a suitable car insurance policy that provides sufficient coverage to your vehicle

  4. Pay the insurance premium online

  5. You shall receive the policy documents on your registered email ID

  6. You have successfully secured your four-wheeler

To Conclude

With this, you know that buying car insurance online offers you a host of other benefits, apart from its affordable premiums rates! So, head over to our platform to financially safeguard your vehicle from any unforeseen risks or perils.

Offering easy claim settlements, 24x7 roadside assistance, lucrative add-ons and more, Finserv MARKETS is a one-stop shop for all your insurance needs! Thus, opt for a tailor-made car insurance plan with us to steer clear of any road mishaps.

Check Out Car Insurance Plans Available at Bajaj MARKETS

 

FAQs on Reasons To Buy Your Car Insurance Online

  • ✔️Can I renew my car insurance online at Finserv MARKETS?

    Yes, you can easily renew your car insurance online at Finserv Markets in the following way:

    1. Go to the ‘Car Insurance’ section on Finserv MARKETS

    2. Opt to renew the car insurance policy and provide the required details

    3. Review the policy details

    4. Pay the car insurance premium online

    5. Once the insurer assesses your documents, the renewed policy will be issued shortly

  • ✔️How can I estimate my car insurance premium online before purchasing the plan?

    With the help of our car insurance premium calculator, you can easily determine the premium quote and compare various insurance plans online.

  • ✔️How can I increase my car insurance coverage?

    You can purchase add-on covers to maximise your car insurance coverage and gain more protection against various risks. Some popular riders include roadside assistance cover, zero depreciation cover, engine protect rider, NCB protection cover and many others.

  • ✔️What is the process to buy car insurance online at Finserv MARKETS?

    You can purchase car insurance online at Finserv MARKETS with the below-mentioned steps:

    1. Go to the ‘Car Insurance’ section on Finserv MARKETS

    2. Choose the type of coverage you need, a third party or a comprehensive car insurance plan

    3. Input the required details in the application form

    4. Upload the necessary documents

    5. Pay the car insurance premium amount online

    6. The car insurance policy document will be sent to your registered email ID

  • ✔️Is it mandatory to have a car insurance policy?

    Under the Motor Vehicles Act, 1988, it is mandatory to have third-party car insurance which covers third party liabilities. However, a comprehensive insurance plan is optional and you can purchase it for extensive coverage against unfortunate mishaps.