Car insurance policy is one of the most important investments that you should make when you buy a car. There are several benefits of buying a car insurance policy, such as it saves you from third-party liability, keeps on the right side of the law, and saves you from financial losses in case there is damage to your vehicle.
When we buy a car, most of us choose to go to the insurance company that the car dealer suggests. However, at the time of renewal, it is better to go online and compare different plans available. There are many benefits of renewing car insurance online. It not only saves time and money but also makes it easier for you to get maximum cover in minimum possible amount.
Here is a list of top reasons to renew your car insurance policy online
Nowadays, you can buy or renew car insurance policies online. Almost every company has their portal from where you can renew your insurance plan or shift to a new insurance provider. Also, there are aggregator websites that provide you the information in a comprehensive format. On these websites, you can compare different plans and add-ons available in the market from all insurance companies.
When you buy or renew a Car Insurance Policy, there is a lot of documentation that you have to do. It is one of the reasons people prefer to get an agent. Also, because of tedious paperwork, many buyers often skip checking if they can find better options in the market. When you buy a policy online, the paperwork reduces to minimal. The process online is so simple and straight forward that you can renew your policy on your own in a few minutes without any additional support from an agent.
When you renew your policy via an agent, you have to wait for a few days before you can get the insurance documents. It can create a problem when you renew the policy just a day or two before it lapses. In case the agent does not renew the policy right away, you will lose cover. On the other hand, when you renew your policy online, you will get it immediately in a PDF format that you can save on your computer and get a printout.
It is common to come across some glitches with your insurance policy. Also, not everyone is tech-savvy and may need some additional support at any given point while renewing the policy. That does not mean you will have to pay anything extra. Most of the insurance companies or aggregators have dedicated customer support departments where experts will solve any query related to car insurance and will also provide help in renewing the policy.
When you renew your car insurance offline, you will have to pay an extra amount as it will be done via an agent. The insurance companies add the commission of the insurance agent in the premium amount. On the other hand, when you buy insurance policy online, you will not have to pay for the middleman. It will notably reduce the premium cost.
When you renew a policy via an agent, there are chances that he may try to influence your decision-making process and suggest the company that provides a maximum commission to him. Also, he may not inform you about essential riders that you can buy or make you buy unnecessary add-ons with your policy. On the other hand, when you renew your insurance policy offline, the decision is yours, and there will be no one to interfere.
When you renew your insurance policy, you may only have checks or cash as payment options. While buying online, you will have additional payment options such as net banking, UPI, e-wallets, and more. Also, when you buy insurance policy online using a cashless method, many companies provide additional discounts and cashback offers.
Not everyone is tech-savvy, but if you have little idea about filling out forms online and how to surf the internet, you can check and renew your car insurance policy online. Make sure that you are on an official website and read the terms and conditions carefully before you opt for the plan. There are options to compare insurance plans on different websites. You should be careful and choose only those aggregators to compare that have a good reputation. Make sure to check reviews of the insurance company and check how their claim processing record has been in the last few years. A careful decision over car insurance renewal will save you money and time in the long run.