Buying Motor Insurance Online Vs Offline – What’s the Difference?
Everything can now be done instantly via the Internet.Just like buyinggrocery or clothing, buying an insurance policy online is also gaining much popularity. The insurance market is full of insurers, each offering a wide range of policies, which benefits the customers by providing them ample of options.
As you know, having a motor insurance policy in India is crucial, as well as mandatory. It protects you from unforeseen liabilities and financial stress. However, buying insurance for your car can be a confusing task, given the plethora of options in the market. Therefore, while purchasing a motor insurance policy, you must find the right way to buy.
If you’re buying a motor insurance policy, you also need to select the right mode for purchase- online or offline. The insurance industry is right in the middle of this new-age digitization. Insurers have started selling products online, including motor insurance policy.
You can either opt for buying a motor insurance policy online or through a local insurance agent. Let us compare the process of purchasing a motor insurance policy online versus offline on several factors:
Buying a motor insurance policy onlineis more affordable than buying it offline through intermediaries. It is because online insurance does not involve brokerage cost or commission-based agents. Also, you can find insurersoffering several discounts and offersonline,such as festival discounts and year-end discounts on a motor insurance policy to attract customers.
It is advisable to compare motor insurance policypremiumonline before buying it. There are online premium calculators available online to make your job easier.
Transparency is a crucial factor when it comes to selecting a motor insurance policy. While buying the policy online,there is greater transparency. You can read through the terms and conditionsand know the actual policy wording even before buying it.
On the other hand, if you buy a motor insurance policy offline through an insurance agent or mediator, you may get to see the actual policy papers only after making the payment. An agent is also capable ofmouldinghis wordings to make you buy the policy. Hence while purchasing a motor insurance policy, always buy it from a very reliable and trustworthy source.
Gone are the days when you had to visit the insurers’ offices to buy and compare policies. The offline process is a time-consuming task.In an era where time is money, online mode is much more convenient and saves you precious time. You can buy a motor insurance policy at the comfort of your couch, according to your day’s schedule and time. It also provides you with the facility of comparing premium rates and benefits of one motor insurance policy with the other in relatively less time.
In an offline purchase of a motor insurance policy, you interact with an executive or a dealer who sells you the policy. Some of them aim to make you buy insurance no matter what, which often leads to buying the wrong coverage. Whereas, in an online mode, you have control in our hands. You compare and choose what’s best for your requirements. There is no agent involved. You can alsomake a callanytime and speak with the support team of an insurance company. They will provide you with all the information about the inclusions and exclusions of the policy to make an informed decision.
Make A Prudent Decision To Buy Motor Insurance Policy
If you want to know how to buy a motor insurance policy for your car, remember that it is as crucial as purchasing a new car. You have to put in the same level of effort to buy the policy to make sure you have the right coverage and protection. Reputable insurers such as Tata AIG offer comprehensive motor insurance policies online for astress-freedriving experience. They provide for loss or damage of the car, liability to third parties, and personal accident cover to ensure financial safety at all times. Make sure you select a policy after thoroughly considering its benefits and premium.