Steps to Buy Car Insurance Online
The popularity of car insurance online has grown a lot in the last few years. This is because the process is very simple and highly convenient. In addition to this, you also get to save a lot of money when you buy car insurance online. However, some people still think the steps included in it are complicated. This is a myth that you should stay away from! In fact, the steps are very simple. Read on to know more.
Step no. 1 – Assess your needs
Start off by assessing your motor insurance needs. For this, you have to take the following into consideration:
- The make and model of the car
- The age of the car
- The type of plan you need
Once that is done, you will know exactly what kind of car insurance plan to buy. This will help you to carry out an effective search and locate the most suitable plan instantly.
Step no. 2 – Make a budget
Next, you need to make a budget for yourself. Car insurance policies are available in various price ranges. The third-party plans are cheaper while the comprehensive plans are more expensive. You would surely want to have the best and the highest possible car insurance cover, but that may not be financially viable for you. Thus, make a budget beforehand so that you can find a plan that matches your pocket. Once that is done, you can get an affordable vehicle insurance plan and pay the premium on time without any hassles.
Step no. 3 – Choose the right type of car insurance
Car insurance is mainly available in two forms –
- Third-party car insurance –
A third party car plan only covers the third party liability costs. These include damages to a third party’s vehicle or property and bodily injuries to a third party. It also offers a personal accident cover for the policyholder. This plan doesn’t have any coverage for the own vehicle of the policyholder.
- Comprehensive car insurance –
The comprehensive plans have a wide umbrella of covers. You get all the third party covers along with a personal accident cover and cover for your own vehicle. You also get to add riders and make the policy flexible. A comprehensive plan is more expensive than a third party plan, but the covers are also much higher.
As you can see, there are different types of car insurance plans. Before you look to make a purchase, ensure you decide upon the correct type of motor insurance plan that you need.
Step no. 4 – Visit the insurer portal and enter details
If you are happy with your existing car insurance provider, you can simply visit their portal and get the policy renewed or buy a new policy. Else, you can visit the website of any good insurance aggregator and enter some basic details about yourself and your car. These would include data such as your name, age, place of residence etc. You would also need to give information about your car such as its registration number, details about the existing policy (if any), etc.
Step no. 5 – Compare
Once you enter the data, you will be able to see all the available car insurance plans available online. Compare them thoroughly to see which plan is available at the best rate. It is important to note here that, while the premium rate is important, you should also compare the other factors. These include:
- The covers –
Check to see the covers the plan has. If you find the coverage to be unsatisfactory, look for a different policy, even if the price is slightly higher. Unless you get the covers you need, the online plan won’t work in your favour.
- The rating of the insurer –
You also need to check the rating and reviews of the top insurance providers before you finalise the car insurance plan to buy online. You need to choose a good insurance provider who would assist you whenever needed. Look out for a good insurer like IIFL Car Insurance who offer excellent motor insurance plans and par-excellence service too.
Check the price, along with the covers and the insurer before you finalise the policy and get a car insurance online.
Step no. 6 – Choose the plan and make a purchase
Once you have gone over the options and selected the car insurance plan that you like the most, proceed to make a purchase. Enter the information asked for. The documentation process in getting the car insurance online is very simple and can be done instantly. Opt for safe online payment methods and you will have a brand new car insurance cover in no time.
In a nutshell
As you can clearly see, the steps to get a car insurance online are very simple. The process to buy a car insurance policy online is safe and secure as well, so you need to not worry. Just go online, compare, find your ideal policy and get the cover in a matter of a few minutes.