Top 10 motor insurance policies to buy/renew online
Buying a motor insurance policy should be a well-thought investment from every aspect. Take the case of Ashmit. Ashmit wanted to buy a car insurance policy with comprehensive coverage and reliable customer support. Another thing he was looking for was convenience, the convenience of doing everything from purchasing the policy to filing a claim online.
With so many policies offering the option to buy/renew them online, it was perplexing for Ashmit to make the call. In this article, we’ll be taking a look at the top 10 motor insurance policies to buy/renew online. This will help our readers like Ashmit to purchase a policy that fulfills their needs and is suitable and affordable for them.
Motor insurance provides protection against accidents, theft, natural calamities & other unexpected circumstances that could harm vehicles. Online motor insurance policy protects from the financial losses of these unexpected events. It also provides a financial shield in case any damage is done to a third-party person or property.
Things to Know Before Selecting Your Online Motor Insurance Policy
• Compare Car Insurance Online
Before buying a car plan, always prepare your financial budget. Compare online and get the best options available.
• What is Covered
Under your car insurance plan always check the list of inclusion and exclusions, rules and regulations, terms and conditions
• Incurred Claim Ratio/Claim Settlement Ratio
Make sure that the ICR and CSR is high for your respective general insurer
• Add-on Covers
Go for a plan with an option to select a wide range of riders (zero depreciation, roadside assistance, personal accident cover, and more)
Top 10 Motor Insurance Policies to Buy/Renew Online
Mentioned below are the list of the top 10 Motor Insurance policy:
Edelweiss Car Insurance
Edelweiss Car Insurance is a part of Edelweiss Group Company, it is a multinational investment and financial services company. Edelweiss Car Insurance provides insurance solutions for all such precious things. Moreover, it also provides a two-wheeler insurance products policy to expand its portfolio.
Shriram Car Insurance
Shriram car insurance is an insurance policy that is offered by Shriram General Insurance. It provides private as well as commercial vehicle insurance under its motor insurance product line. It also provides online facilities to buy and renew car insurance at the comfort of your home, office, etc.
IFFCO Tokio Car Insurance
IFFCO Tokio Car Insurance provides extensive coverage for its policyholders to protect their cars against accidents, fire, theft, natural calamities, man-made disasters & other unforeseen incidents. It provides two types of car insurance plans at affordable premiums rates which comprise third party car insurance policy and a comprehensive car insurance policy.
Digit Car Insurance
Digit Car Insurance covers losses caused by vehicles to a third-party or third-party property. It has a fast claim process. Digit Car Insurance provides a cashless facility based on your convenience at any of the garages. IDV with Digit Car Insurance can fit based on your preference.
Bharti AXA Car Insurance
Bharti AXA General Insurance provides different types of car insurance plans to its policyholders to provide basic to overall protection. It covers a third-party car insurance policy, standalone own-damage car insurance policy, and comprehensive car insurance policy. These car insurance policies provide you protection from financial implications which may incur towards a third party or may arise due to damages or losses caused to your own car due to an accident.
Liberty General Car Insurance
Liberty car insurance offers third party liability cover and a comprehensive plan which issues policies online as well as through its branches spread across the country. These insurance plans cover the financial liabilities of policyholders who hold towards a third party due to an accident and compensate the damages and losses Liberty Car insurance provides both plans available at quite reasonable rates.
Reliance General Car insurance
Reliance Car Insurance offers a wide network across India to target different sectors of insurance customers. It provides effective motor insurance products with different types of situations on the road which can be helpful in dealing. Reliance Car Insurance covers insurance vehicles used for social, domestic, and professional purposes.
Bajaj Allianz Car Insurance
Bajaj Allianz Car Insurance offers insurance policies to meet the diverse needs of its prospective customers. It provides a fast claim settlement cycle, and an efficient customer service team. Bajaj Allianz Car Insurance makes the process very simple and fast.
Oriental Car Insurance
Oriental Car Insurance provides security to policyholders. It provides two types of car insurance policies as a third-party car insurance policy and a comprehensive car insurance policy. The third party is the compulsory car insurance policy to hold while driving, which covers your financial liabilities towards a third party arising after an accident with the involvement of the insurer car, while the comprehensive plan is a policy to protect the insured as well as his or her car from financial losses and damages after an accident or any accident such as theft, fire, natural calamity or man-made disaster.
Royal Sundaram Car Insurance
Royal Sundaram Car Insurance provides insurance products for its policyholders. It provides for the insurer include third-party car insurance policies, standalone own-damage car insurance policies, as well as comprehensive car insurance policies. Royal Sundaram Car Insurance covers overall protection to cars where the third party car insurance covers the financial liabilities which incur towards a third party while a comprehensive package includes the loss or damage of your own car. Besides, it also offers a personal accident cover to secure unnamed passengers and Rs. 2 lakhs per person for paid drivers.
Why Buy Motor Insurance Policies Online
Here are some of the benefits of buying motor insurance policies online-
- Helps you to save money
- No physical paperwork
- Purchase at your convenience
- Buy as per need
- Get the policy in a snap
Steps to Buy Online Motor Insurance Policy
Here are some simple steps you can follow to buy a four wheeler insurance policy online with complete ease.
- Firstly, you need to understand your needs
- Then get instant quotes
- Fill in your details and make the payment
- Get the policy document
1. What are the Motor Insurance Policy risks covered?
Motor insurance includes damages to your own car and damage to others & surrounding property. Some risks it covers include fire, theft, natural calamities, explosion, and self-ignition.
2. What is IDV (Insured Declared Value) in a motor insurance policy?
In a motor insurance policy, the Insured Declared Value (IDV) is the maximum amount that pays out in claims to you. It depends on the market value of your car, at the time of policy purchase.
3. What do I do with my motor insurance policy, if I sell my car?
You can transfer your motor insurance policy to the new owner.
4. How can I transfer motor insurance to the buyer of my car?
Under Section 157 (2) of the Motor Vehicles Act, within 14 days the new car owners will have to apply to us for the transfer. Some necessary changes and get the policy transferred in their name.