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A Comprehensive Guide to Purchasing Car Insurance Online

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Have you recently purchased a vehicle? In that case, you must secure it. One of the best ways to secure your vehicle is to buy reliable car insurance. A car insurance is one of the most prominent types of vehicle insurance policies that offers financial coverage for repairs to damage to your car.

You may use a car insurance premium calculator to calculate the premium that you'll have to pay. There are two types: third-party and comprehensive. The third-party car insurance policy is mandatory as per the Motor Vehicle Act in India. It will be provided when you purchase the policy. It gives you peace of mind about the security of your vehicle against significant damage.

Buying car insurance is highly beneficial because it can help to:

• Cover legal and financial fees due to damage

• Covers for third-party losses and damages

• Compensate for the damage to your vehicle.

Research & Compare Insurers

You must first assess what benefits you are looking for when you get car insurance online India. Once you are aware of your requirements, you can check out and compare different plans. Most of the details about the policies online are available on the official website and different insurance company portals.

While comparing the insurers, you must check how much they are quoting and what the details of the policy are. It is essential to always understand the cost-effectiveness of the insurance policy before you make the final purchase. Check the coverage and the premium cost. After all, a low premium doesn't mean that it is the cheapest policy. Several insurers can compromise on the coverage to provide affordable premiums. Based on your research and comparison, you can narrow down your list further.

Information You'll Need

When you buy car insurance online, it becomes mandatory to submit all the documents accurately. This ensures that the right information about your vehicle is being recorded, and insurance will be provided accordingly.

The key information that is required to purchase car insurance online in India is as follows:

• Vehicle registration certification

• Owner Name

• Variant of the vehicle

• Engine CC

• Fuel type

• Chassis number

• Vehicle class

• Proof of Residence

• Proof of Identification

Filling the Online Form

To make a car insurance online purchase, you must fill out the form. One of the best parts about this is that you don't have to undergo thorough paperwork and documentation while filling out the form online. You can check the details of the policy, fill out the small online form, and submit your proposal. Make sure to provide the details in their respective places.

Choosing Add-ons

The best car insurance plans come with add-on benefits. You can use this feature to improve policy coverage. However, for these add-ons, you'll have to pay an extra premium. The different types of add-on covers are as follows:

• Zero Depreciation Cover: This is referred to as the nil-dep policy, which offers complete payout coverage benefits without deducting the depreciating value of the car. Therefore, you get full settlement coverage benefits. The Zero depreciation cover benefits are only applicable for cars less than 10 years of age. The tunes, batteries, and tyres receive only 50% coverage.

• No Claim Bonus (NCB) Protection Cover: The NCB Protection Cover is an additional coverage for your vehicle. The NCB protection cover can help to save up to 50% on car insurance renewal if you have not raised any claims during the policy year.

• Consumables Cover: This offers coverage for replacing all the consumable parts of your vehicle. Therefore, coverage for replacement of even the smallest yet critical parts will be offered such as filters, lubricants, nuts, screws, bolta, AC gas and more.

• Engine Protection Cover: The engine protection cover offers cover for the damage caused to the engine. It can offer coverage for different problems that the cars face, such as loss due to water ingress or oil leakage. Furthermore, it also covers various crucial components of the vehicle such as engine parts, gearbox, and more.

• Key Protection Cover: Losing your car keys can be a traumatic experience. The key protection cover is meant to cover the costs of replacing or repairing keys.

• Personal Accident Cover: Personal accident coverage is an add-on that compensates if the owner sustains injury or has a permanent/partial disability due to an accident. Personal accident coverage is also available for co-passengers, but with predetermined limits.

• Roadside Assistance Cover: The insurance provider usually provides an emergency helpline service referred to as the Roadside Assistance Cover. In this case, you will get services such as fuel delivery, towing, lockout, minor repairs, or flat tyre repair. Since it is not considered a claim by the insurance company, the NCB will not be affected.

Making the Payment

Once you have finalised what add-ons you're choosing, you will have to make the payment to confirm your car insurance online purchase. You must use only the accepted methods for payment. Since you're applying online, you can pay via netbanking, debit/credit cards.

You will be redirected to the payment gateway or asked to submit the amount to the respective bank's online payment section. Before making the payment, ensure that the gateway is secure and safe. This prevents the risk of your account details getting hacked for fraudulent transactions.

Receiving Policy Document

After making the payment, wait for a while until you receive the confirmation. The digital copy of the policy documents will be mailed to you at your registered email address. If you do not receive the policy documents, make sure to take your payment confirmation receipt and connect with the insurance company. You can download the document by following the steps given in our blog Steps to Download Your Car Insurance Policy Document.

Tips for a Smooth Online Purchase

When you plan to get car insurance online in India, you must follow specific tips to ensure a smooth process. Below are the tips that you must follow:

• Buy a policy from a reliable provider: It is advisable to buy car insurance online from a trustworthy provider. Always compare before you purchase instead of just going for the low premium.

• Click on the policy verification link: Always verify the link to the policy before moving ahead with the purchase. Clicking on the policy verification link will help you determine that the policy you're purchasing is valid.

• Check for IDV, NCB, and deductibles: To ensure a smooth online purchase process for the best car insurance plans, you should always check the IDV, NCB, and deductibles. This will help you determine whether the policy you're purchasing is genuine.

• Understand the valuation: You can compare the plans and check the valuation before finalising the purchase. The insurance must provide a higher valuation for your car. If the valuation is higher, you will have more advantages when filing the claim. You can use the car insurance premium calculator to determine the value.

• Pay via debit or credit cards: To ensure a smooth online car insurance purchase, it is advisable to pay via debit or credit card. These cards are highly secure and offer extra advantages, especially in terms of payment.

Conclusion

You can buy car insurance online to follow an effective procedure. Buying insurance online ensures that you are purchasing the right one and getting your hands on the insurance sooner. Moreover, the policy details will be mailed to you so that you can save them in the cloud. As and when required, you can avail the insurance documents if you are connected to the internet. However, to complete your purchase, you must conduct thorough online research. Also, you must verify the insurance terms and conditions so that you can get the main benefits.

Related Blogs:

• Everything About Car Insurance Renewal

• Here’s all you need to know about renewing your long-term car insurance

• Why Car Insurance Costs Less When Bought Online

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