According to the Motor Vehicles Act, it is mandatory for every car owner to buy car insurance. Your car insurance policy cushions you from the financial burden which you may have to face in case of unforeseen events like damage or loss.
With the vast number car policies offered by insurance providers, it can at times get tedious to select the correct insurance package for your car. You are also required to spend adequate time in meeting insurance agents or brokers to select your insurance policy. The paucity of time at times is a major deterrent and people buy insurance policies without carefully considering their requirements.Online car insurance policycan be a perfect solution to all these problems.
Several insurance providers offer car insurance online and all you need to do is compare quotes offered by insurance companies. This comparison takes only a few hours, if not minutes and saves the hassles of travelling to the insurance office or meeting insurance agents. You can choose research at your own convenience, whether at home, in office or while travelling as the information is available online 24x7.
Buying your policy online gives you a hands-on idea about the extent of coverage offered by your insurance provider. ICICI Lombard for instance, may offers the coverage for personal accident as a part of its motor policy structure which offers coverage to the driver-owner in case of mishaps, without charging any additional premium.
Apart from being a time-saver, online purchase is also extremely cost-effective. As you have access to the policy structure of several car insurance plans offered by the insurance providers, selecting your car insurance becomes easier. The online form is all you need to fill out and provide a few essential details. With the online calculator, you get the exact premium amount payable for the selected insurance cover. You can also go through car insurance policy example documents to gain a better insight into how the premium is calculated.
The online facility also allows you to optimise your car insurance with additional covers. The coverage for zero depreciation offered by ICICI Lombard car insurance policy for example which can go a long way in reducing overall repair costs as there is no depreciation in the value of car parts. Not just that, this feature also makes the insured eligible for cashless claim and get his car serviced from 2700+ network garages across the country without any costs.
Once the policy is purchased, you immediately get a digitally signed policy. Thus, with just a few clicks, you can easily secure the best car insurance within your stipulated budget and travel stress-free.