What is Better- Buying Car Insurance Online Or Through An Agent?

Published On Nov 21, 2020 4:00 PM By InsuranceDekho

How should you buy car insurance, through an agent, your car dealer or online? Read this article to find out.

Cars are important purchases for us, they are also crucial for our daily lives. Driving on the, however, can come with uncertainties. A crisis can bring great financial instability and stress for us and our loved ones. Having car insurance can give you peace of mind against such uncertainties and the turbulence it may bring. It acts as a protection for the policyholder for compensating the losses incurred to your own vehicle but also against any third party financial liabilities that may occur in an accident. Additionally, having third party insurance is compulsory. When purchasing insurance have you ever wondered is it better to do it online, or go through an agent? In this article, we will tell you everything you need to know about it.

What are the Ways in Which Car Insurance Can Be Purchased?

In India, there are three ways channels through which one can purchase motor insurance:

  1. Purchasing Through Agents: There are two types of agents. The first, captive agents who work for a particular insurance company and sell policies from the same. Though a customer care service would remain available to you, in case you purchase this way, your agent would be your primary contact if you were in need of any assistance. The second, independent agents sell insurance for multiple insurance companies and though they may have a primary company they sell for.
  2. Purchasing Through Dealerships: When buying a car, you can also purchase your insurance from the same dealer. They have partnerships with insurance providers. However, this option might not provide the most cost-effective option. If that is a priority for you, make sure to do your research before you agree to buy one.
  3. Purchasing Online: This is the most reliable and trouble-free way to purchase insurance now. It offers the option of premium discounts and makes policy maintenance, renewal etc. are easier too. The biggest advantage of buying insurance online is being able to compare the different policies that are available to choose the one that suits you best.

Which is the Best Way to Purchase Car Insurance?

In the previous section, we discussed the channels through which car insurance can be purchased. With dealers in insurance, you get the benefit of face to face interactions and a second option for customer care needs, however, they usually work for one company or have at least a primary company. Similarly, car dealerships have similar tie-ups with insurance companies, usually with a primary company. However, with online purchases, you can compare a variety of insurance companies and their premiums. Moreover, it is the most reliable and hassle-free way to go.

Takeaway

In a nutshell, when buying car insurance you have three channels to choose from; agents, dealership or online. Though each of them comes with its own pros and cons, overall buying online is the best. It is the safest, most convenient and cost-effective option. Moreover, it allows you to compare policies of a wide range of car insurance companies. If you are looking for a good deal and convenience, this is the one for you.

Disclaimer: This article is issued in 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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