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7 Smart Steps To Switch Your Car Insurance Company Online

by admin
written by admin

If you are unhappy with the car insurance cover that you currently have, you can easily switch the car insurance company online. This is known as motor insurance porting and the IRDA allows you to do it in a simple, quick and hassle-free manner. If you want to change your insurance provider when you renew a plan or when you buy car insurance online for a new vehicle, you can easily choose a plan of your choice. Here are some handy tips for you.

Switching the insurance company when you buy car insurance online

It is very easy for you to buy car insurance online. When you do so, you can even switch your existing insurer. Here are the steps to follow:

  1. Analyse your needs –
    The first step is for you to sit down and list the requirements that you have from a good car insurance plan. Everyone has different needs when it comes to vehicle insurance. This is why you should be aware of what covers you need and what you do not. Do this before you start shopping for a good car plan and you will be able to locate and then buy the best possible cover.
  2. Critique your existing plan –
    Since you have decided to change your car insurance company, you need to critique your existing plan and insurer to understand what the cover lacks. Doing so will allow you to fill the gaps and find a plan that matches all your requirements. This is a very important step that you should not skip. Also, critique the existing insurer to see what changes you would appreciate in your new insurer. Are you unhappy with the customer support? Is the claim process unsatisfactory? Then you need to find an insurer who would have better facilities for you.
  3. Look for covers you need –
    Ensure the new insurer you choose offers the exact covers and riders that you want from the motor insurance policy. If the plan you choose doesn’t have those covers, keep looking till you are a hundred percent happy with the coverage you get. The plan you choose should be comprehensive, affordable and also from an insurer that is good and has a high claim settlement ratio.
  4. Compare – You need to compare the car insurance plans to find a suitable plan. Comparing allows you to find the most appropriate cover. And when you are comparing, do not just compare the car insurance plans. Also, remember to compare between the car insurance companies. This is important because you need to buy car insurance online from an insurer that has a healthy claim rate, a good customer support team, etc.
  5. Initiate the porting process –
    Once you locate your ideal cover and zero in on the insurance company, begin the insurance porting process. It is a very simple process. All you have to do is mention the details of your existing plan such as the policy number and the name of the insurance company. Then, you need to fill out the details about your car and the type of insurance cover you have chosen. Once these details are entered, you can proceed to change your insurance provider.
  6. Ensure NCB is transferred –
    If you have some accumulated no claim bonus, make sure it is added to your new plan when you buy car insurance online. You earn the NCB by not making any claim so you must ensure it is carried forward to the new plan from the new insurer.
  7. Buy the plan –
    The final step is for you to buy the new policy online. It is very safe to buy car insurance online these days. You can visit any trusted website like Tyrtlemint and get the job done in just a few minutes. You also get to compare before buying so the job becomes even easier. The financial transactions done on such a portal are safe and secured so you don’t have to worry about fraudulent transactions.

Follow these simple steps and you will soon be able to get a new car insurance plan from a good car insurance company.

The final word

Now that you know how you can switch your car insurance company when you renew or buy car insurance online, go right ahead and do so. You can get the best plans online and that too in a matter of a few minutes. So do your research, assess your needs, compare and find the best policy on a reliable website such as Turtlemint. Buy the plan and keep your vehicle adequately covered. It is very easy to use this portal. You can also use the car insurance calculator to check your premium before you buy the plan. Make use of these tools and get a good car cover today!

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Benefits of Having Car Insurance in India
Business & FinanceGeneralInsurance

Benefits of Having Car Insurance in India

by admin
written by admin

According to the motor act, 1988 Car insurance is mandatory in India. Driving without valid car insurance is illegal in India. In the event of death or injury to third parties or damage to the car, car insurance offers compensation up to Rs 1 lakh as per the chosen insurance policy. This type of car insurance is known as liability insurance and protects not only you but also other people or family members who can drive a car. There are several car insurance companies but it is advised to buy insurance from trusted ones only. Car insurance companies like New India Assurance, IFFCO Tokio, Bajaj Allianz, HDFC ERGO are the best ones.

Car insurance protects your car from man-made or natural disasters such as terrorist attacks, thefts, riots, earthquakes, cyclones, hurricanes, and against claims/damages caused by third parties. Sometimes car insurance can be confusing and difficult to understand but good car insurance companies are making it easier these days. There are some guidelines that car buyers should follow when choosing a policy. Car insurance companies can be good friends in times of crisis. It covers losses that occurred as a result of an accident and therefore does not allow you to pay a high sum out of your own pocket.

  1. Third-party liability insurance

The comprehensive insurance plan understands the importance of car insurance includes injury or property damage caused to third parties by the insured car.

  1. Individual accident insurance

Recently, this element of car insurance policies has been changed and coverage has been increased by 2 lakh and 15 thousand rupees. In the event of an accident with an insured car, the insurance company pays the medical treatment costs up to Rs 15,000 under the policy.

  1. Car accident

A car accident can have catastrophic consequences mentally, physically, and financially. Unlike third-party liability insurance, the entire plan also covers damage to your car. If the car is damaged in an accident, the insurance company covers the repair costs of the insured vehicle.

  1. Damage caused by a fire

The full plan covers damage caused by fire to the car. Fires caused by spontaneous ignition, explosion, lightning, etc usually covered by this plan.

  1. Car theft

Imagine parking your car in a mall parking lot and can’t find it when you leave the mall! It would be catastrophic, wouldn’t it? The complete plan includes car theft. If a car is stolen after completing the complaint process, you will receive a declared vehicle value (insured).

  1. Disasters

Cities are more exposed to flooding than before. Whether it is natural disasters such as floods or man-made disasters such as riots, car damage will be covered if you purchase a full insurance policy.

  1. Accessories

You can also take out additional insurance with a comprehensive plan. Please note that these policies cannot be purchased independently or with third-party liability insurance. The supplements are designed to cover insurance exemptions and slightly enhance the importance of car insurance. Here is a list of the most benefits:

– No depreciation

– Emergency help

– Go back to the invoice

– Car protection

– Passenger deck

Therefore, these points can resolve any doubts about the importance of car insurance in India.

Last words

Car insurance is mandatory when purchasing new vehicles, whether purchased for commercial or private use under the 1988 Indian Motor Vehicle Act. Car Insurance is therefore important. It also covers damage caused by causes other than an accident, such as a fire, a theft, etc.

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