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4 Pros and Cons of Buying Car Insurance Online

Written by Udit Varshney
Updated On Oct 15, 20232 min read
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Are you planning to buy a car insurance policy online? Well, don’t forget to weigh all the pros and cons associated with the online policy buying process before making any decision. Read the article to know more.

Many insurance companies have adopted customer-focused and digitalization powered online buying and renewal processes for their insurance plans in order to make it easier and simpler for the insurance buyers to shop for insurance policies. Today, it has become more convenient and cost-effective to purchase a car insurance plan online too. However, each of the customers have different requirements associated with policy buying and at times these queries remain unanswered online. Henceforth, prior to deciding on purchasing a car insurance plan online, it is highly significant to weigh all the pros and cons related to it.

4 Pros and Cons of Buying Car Insurance Online

Pros of Purchasing Car Insurance Online

Some of the pros of purchasing a car insurance plan online are as follows:

  • Buying Car Insurance Anytime from Anywhere

Due to a busy lifestyle these days, the online car insurance buying process is nothing less than a blessing. Now, you can easily and conveniently purchase car insurance plans online at any time and from anywhere within just a few minutes.

  • Cost Effective

Buying car insurance online is a cost-effective way of purchasing an insurance plan as it eliminates the role of the middle man i.e the insurance agent. Moreover, as the insurance provider is not required to pay any money to the middle man, it would directly help in saving the money.

  • Easy Car Insurance Policy Comparison

Customers can easily compare car insurance policies that are offered by different insurance providers online at the InsuranceDekho website. The premium quotes for various insurance policies can be calculated and examined individually with the help of InsuranceDekho’s free insurance premium calculator in order to decide on one car insurance plan before purchasing it.

  • Accessibility to Insurance Document Online

You can instantly access all your policy documents online simply by visiting the official website of your respective insurance company. Generally, you are required to enter your policy number and password to log in to your e-portal, however, the process for accessing policy documents differs for each insurance company.

Cons of Purchasing Car Insurance Online

Some of the cons of purchasing a car insurance plan online are as follows:

  • Prior Knowledge of Insurance Required

You will have to research answers for your insurance related questions on your own in the absence of an insurance agent. Alternatively, you can also contact customer care executive of the insurance company for assistance, however, there wouldn’t be an assigned agent and you may probably have to talk to different people each time you call. This can turn out to be a bit of a time-consuming process. Hence, it is advisable to stay well prepared in advance in case you are planning to buy insurance online.

  • Basic Computer Knowledge

Buying a car insurance plan online would require you to have basic knowledge regarding the usage of computer and internet as you are required to fill in all the information on online mode. In case, you are not comfortable enough in using computers, then take help from an agent in purchasing a car insurance plan.

  • Buying Insurance from a Fraud Website

Although, the insurance regulators keep the customers and policyholders aware of various fraudulent websites, which are selling motor insurance plan online, yet it is also the duty of the insurance buyer to remain well-informed and cautious at the time of purchasing insurance online. Therefore, keep your eyes open to avoid being caught in any online scams as these fraud websites can possibly gather all your financial and personal information unknowingly.

  • Lack of Assistance in Claim Registration

If any loss occurs, having a familiar person get through the whole claim settlement process is quite comforting during the time of stress. There are various insurance agents that help the customers in filing for the claim. However, with online purchase of your car insurance plan you will be required to file a claim on your own. Although, filing claim online isn’t difficult yet in those stressful situations it is good to have someone to guide you through the whole process.

At Last

Buying a car insurance policy is undoubtedly a good option, however, it is not for everybody. While deciding to buy a car insurance plan online, take enough time to weigh all the pros and cons associated with it, and to see if online policy purchase is a good option for you or not. In the end, do not rush through the process and analyze well in order to make a wise decision.

Also read 

Online and Offline Process to Get Duplicate Car RC Copy

Car Insurance Online Vs Offline: Which is Better?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
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Written by Udit Varshney
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 Udit has built B2C segments across various industries and has had significant contributions to the insurance sector. Udit in his last stint helped set out the last mile vertical, which soon became the go-to logistics name for daily needs, In his free time, Udit likes to write and listen to poetry.

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