A Few Things to Know Before Buying a Car Insurance Online

Buying car insurance online is pretty rewarding as it never asks you to get out of your home. Plus, you can come across dozens of quotes from dozens of companies, which you can compare and take. Nonetheless, it poses a lot of challenges with the confusing amount of information sourced by various competing companies. But, buying online is always deemed as a smarter move.

Insurance companies have started selling their products online because of the convenience it guarantees to their customers and sales team. It is a kind of honest way of selling as they know that their competition is just a few clicks away and the customer has the option to compare. And a slight discontentment can cause you irretrievable loss.

When you get online to buy car insurance you are at greater advantage as it is less cumbersome and you can lay hands on detailed description of the policy, customer reviews, quotes from other companies, etc. It gives you the flexibility to choose the coverage you require as well. Not only customization and less paperworks, online insurance come at a low price with handsome discounts. This is due to the absence of commission agents in between.

Steps to buy car insurance online

Identify your policy

Car insurance allows you to choose between two policy options, one of which is a must for you to drive your car.

Third-party - This policy is meant to cover the third-party and compensate for their loss in the event of accident.

Comprehensive - This means full-cover. It will have cover for your own vehicle and third-party. Identify the type of policy you require first as they differ greatly in their premium payable.

Compare

Make a list of the companies of your choice and launch their online quote page. Fill in necessary details of your vehicle and generate quote from each of them. There are also portals that show quotes from multiple companies on one page. You can also choose that, if you want. At this point, always remember to give the correct value as your sum insured. Sum insured is the value of the vehicle for that particular period. Never manipulate it. Your sum insured or insured declared value should be as fixed by the company. Also, use your discretion when choosing deductibles. Though it is true that deductibles and premium are inversely proportional, higher deductibles can cause you to spend money from your pocket in case of accidents.

Offers

Some companies give special offers and discounts for renewals. Check that with companies on their website or via chat or phone.

Now that you have quotes of different companies you can shortlist them based on the customer reviews. Look for their claim settlement accuracy and customer feedback. Choose the company with the most happy reviews, hop on their website, make payment.

NB: Most of the companies issue the policy within a few hours time post submission of documents and payment, which will usually come to your email address.