Buy Car Insurance policy Archives

Are you still paying a hefty commission to car insurance agents to buy the best insurance policy for your car? You have the option to do away with this excessive charge by availing Car Insurance Online.

Buying car insurance might look like a tedious task, especially for a layman with no knowledge of insurance. And that is why there are insurance agents to help policy seekers to buy the best insurance policy at the best price. But this doesn’t come for free. Yes, you need to pay a hefty charge as commission to the agent which goes from your pocket. Nevertheless, you have the option to buy your car insurance policy without paying any commission to the agent and you can do so by buying car insurance online.

Let us discuss the various ways through which you can buy your car insurance without paying any commission. But before that let us check the different modes through which you can buy a car insurance policy in India.

Insurance Companies – This is one of the easiest ways to buy car insurance. All you need is to visit the nearest branch of a car insurance company or contact their customer care number to buy a car insurance policy.

Insurance Agents – There are two types of agents that you can choose to buy a car insurance from including Captive Agents and Independent Agents. These agents sell policies on behalf of insurance companies. Captive Agents sell policies for one insurance company, while Independent Agents sells for multiple companies.

Car Dealers – You can also purchase your car insurance policy from the car dealer whom you are buying the car from.

Online Mode – Besides the above, you have the option of buying car insurance online by comparing policies, premium rates, benefits, features and so on.

So, How to buy Car insurance Without Paying Commission?

Simply speaking, there are two modes of buying a car insurance policy where you don’t need to pay a commission. They are:

1. Buy Car Insurance Straight from the Insurer – Of course, if you are buying a four-wheeler insurance from a particular insurance company, in that case, you don’t have to pay any commission. In this case, there are no agents involved and you buy the policy from the insurer directly. Thus, your premium doesn’t include any commission.

2. Buy Car Insurance Online – The second and the most viable option is to buy your car insurance online where you do not need to pay any commission. This can be done by following a simple process of visiting the website of the insurer from whom you want to buy the policy or by visiting the portal of the broker such as Paybima.com. With online buying of policy, you save on the agent’s commission cost as well as operational cost of the policy, which makes the premium low.

Why Do You Think you should Purchase Car Insurance Online?

If you are still tangled in the hassles of agents to buy your car insurance policy, you must check the various benefits of buying car insurance online. This way not only you avoid the hefty agents commission but can also compare policies online to understand them better and select the best suited policy for your car.

The online process is hassle-free and can be done from the comfort of your home. It allows the insured to avail best deals at ease. It is a convenient process where you get round the clock assistance. Further, the reviews of customers already using the policies make it easy for the policy seeker to opt for a particular policy.

To Conclude

As already discussed, buying a car insurance online is the most convenient way to procure a four-wheeler insurance. Rather than wasting money on paying an agent a commission, it is better to search for a good comprehensive car insurance plan online by comparing different plans and buy it to avail maximum benefits of your motor insurance. Paybima.com allows its customers the smooth and hassle-free mode of buying car insurance online. They allow a range of policies by multiple insurers that the policy seekers can choose from. So, if you want to spare yourself from the hassles of agents and commissions, get car insurance online via paybima.com.

With a car, you can stop relying on public transportation for your travelling requirements. With the post-pandemic emphasis on social distancing, along with the dangers of crowded public transport, owning a car can be a wise choice. However, the roads are full of unprecedented dangers, and an unfortunate event can damage our vehicles immensely and/or cause injury/damage to a third party. Therefore, to protect our vehicles from the financial repercussions of such accidents, we must get a car insurance plan.

Car insurance policies are insurance products that offer you insurance coverage if your vehicle is stolen or damaged due to unforeseen events. With insurance for your car, you will get financial coverage to deal with the damage repairs.

Numerous insurers in the country offer great car insurance plans. If you’re looking for reputable car insurance companies, you must research these factors:

Claim settlement ratio
Brand reputation
Insurance coverage
Discount offered
Network garages
Ease of purchase, renewal and claim settlement online

Comparing these factors can help you select a good insurance company for your car. However, the plan you choose for your vehicle will play a crucial role in protecting your vehicle. You can read the steps given below to purchase a decent car insurance plan.

Six-Step Guide You Can Follow To Purchase a New Car Insurance Policy

1.Understand your insurance requirements

You can buy two variants of car insurance policies in India- third-party insurance and comprehensive car insurance.

Third-party insurance: Third-party insurance is an insurance policy designed to protect third parties on the road from damages. As per the Motor Vehicles Act, all vehicle-owners must own third-party insurance. The third-party insurance does not offer any coverage for damages to your vehicle.

Comprehensive insurance: A comprehensive insurance plan offers you insurance coverage for your vehicle and third parties. A comprehensive insurance plan is optimal for protecting your vehicle from unprecedented dangers.

Therefore, you can look through both these plans and select one based on your insurance requirement.

2.Compare different plans:

Once you have decided the type of insurance policy you wish to purchase, you must begin searching for an optimal insurance policy available for you. If you decide to buy insurance online for your car, comparing the policies becomes quite easy. You can directly visit your preferred insurer’s website, compare the different plans available and select the optimal one for you.

Comparing insurance policies online is quite effective as you have all the information on a single screen. Leading motor insurance companies like Tata AIG also offer a car insurance calculator on their official website to help customers purchase the insurance policy of their choice.

The calculator will help you find a good price for your car insurance. You will get a breakdown of the premium amount, which will help you adjust the plan accordingly. It will also help you get a quote for car insurance and compare different plans.

3.Add-ons:

Insurance companies allow you to enhance a plan’s coverage with the help of add-ons. Add-ons are additions to an insurance plan that help you improve the plan’s coverage. With an add-on, you can get coverage for specific situations. There is a wide range of add-ons available for customers.

You must look through the different add-ons available and purchase only the add-ons you deem important for your insurance plan. This is because including add-ons to your insurance plan can lead to a hike in your insurance premium.

4.Read through policy documents:

Once you have selected the policy, you must ensure that you check the policy documents before purchasing. Reading through the policy document will help you learn about what the policy offers.

You must be clear about what the policy includes and excludes to understand it thoroughly. Learning about the policy thoroughly before purchasing the plan will help you immensely in the future.

5.Provide all the necessary information:

You will need to provide the basic details about yourself and your car. However, you must ensure you have all the documents like your RC book, driving license, and your car’s original invoice near you.

Along with this, you will also have to provide all the necessary details like your car’s make, model, chassis number, purchase and manufacture date, etc., for buying motor car insurance.

6.Make payment:

Once you have finalised the insurance plan, included the necessary add-ons, read through the policy document, you must finalise the purchase and make the payment. Most insurance companies allow customers to purchase the plan online.

After making the payment through the insurer’s website, you will get the insurance document in your e-mail ID.

Once your purchase is made, your car will be protected from any unprecedented dangers. To ensure your car stays protected, you must renew the plan on time. Go for car insurance renewal online for a time and cost-efficient renewal.

Conclusion

You must purchase suitable insurance for new car purchase from a decent insurance company if you’re a car owner. You can get the perfect plan by following a few simple steps. Following the steps will ensure you get to protect your vehicle based on your insurance requirements.

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