It is essential to insure your car in India as per the law of the land. Apart from the mandatory requirement of purchasing a Third-party Liability policy, a Comprehensive plan offers financial security in case of car mishaps. A Comprehensive plan includes the mandatory coverage as well as insures your car against damage due to accident, calamities and theft. However, it is important to compare car insurance before purchasing it so that you get the best deal. Read ahead to understand the most effective way of car insurance comparison in India.

Few years ago…

Car insurance comparison was a tedious activity few years ago. One had to hop from one car insurance company to another in order to get quotes. Other option was to seek an insurance agent to help you out with the car insurance comparison and purchase process. People usually purchased a car insurance policy based on the car dealer’s recommendation. The car dealer had a tie-up with an agent or the insurance company, and the new car owner would just go with the flow and purchase what was suggested to avoid any hassles. However, the digitization of the Indian insurance industry has changed this scenario drastically.

Comparing Car Insurance Online

Nowadays, you can compare car insurance in a matter of minutes. This comparison can be made online with the help of an internet-enabled gadget such as a smartphone, laptop, etc. This way, you do not have to spend a lot of time, effort, and energy in comparing car insurance.

You have two options while comparing car insurance online. One, where you visit a web aggregator’s website and the other where you visit different websites of insurers and note down their quotes. In an online car insurance comparison process, you are not influenced by anyone and are free to make your own decision. You do not need to rely on an agent or a car dealer for your car insurance policy, you can take control in your own hands and choose a policy that suits you the most.

How to Compare Car Insurance Online?

Irrespective of the type of above-mentioned comparison method chosen, you need to compare apples to apples and not apples and oranges. Do not be blinded by just low premium policies. You need to check the coverage offered by the low-priced policy as well. The ideal way to go about comparing car insurance online is to keep in mind the coverage you want and then check the lowest-priced policy offering that coverage. Also, the service quotient of the insurance company offering such a policy needs to be considered as well before making the purchase.

Think Digital

Digital insurers are changing the way people perceive insurance. The traditional jargon-heavy approach has been replaced by a simple, customer-friendly approach by internet-only insurance providers.

While you are looking for an ideal insurer and a beneficial insurance policy, do make it a point to check out digital insurers. As they are focused on an online-driven strategy they spend a lot less on operational cost as compared to traditional insurers. As a result, they can afford to sell low-priced policies without compromising on the coverage. They also run some offers on their website that might lower the premium even further. Additionally, their purchase journey and claim settlement is also customer friendly and transparent.

Review and Renew

Note that purchasing a car insurance policy is a recurring activity. You need to renew your policy before its expiry date. An expired policy is inactive. Thus, you won’t be covered if you meet with an accident while your policy has expired. It is suggested to review and renew your current policy ten days before its expiry date to avoid any last-minutes hassles.