Compare Car Insurance Online And Pick The Best One

When it came to buying and renewing car insurance, most people used to do it in person. Policyholders rarely compared online quotes for car insurance premiums from different companies. But now that more and more insurance companies are selling their products online, it is easy for customers to compare insurance quotes.

Comparing car insurance online can help customers decide what kind of insurance they want, compare car insurance quotes, and find the best deal. In this article, we’ll look at how to compare and choose between the different online car insurance plans.

How to Compare Insurance Policy?

When you compare car insurance online, here are some things to keep in mind:

1. Look at different insurance plans on websites.

The first step in buying car insurance is to look at the different car insurance plans available on various insurance and aggregator websites. You can compare car insurance premiums by going to different insurance websites and getting an insurance quote.

2. Check the Types of Coverage

You’ll need to figure out how much coverage you want for your car and compare what different insurance plans offer.

3. Don’t choose the cheapest insurance.

When comparing car insurance plans online, you may find a lot of cheap plans, but, likely, they won’t protect your car well enough. So, make sure to compare the plan’s features to how much it costs.

4. Choose only the add-ons you need.

When you compare car insurance policies, you may be asked to buy a lot of extra covers on top of your insurance policy. But it’s possible that you don’t need all of these extra covers. So pick only the add-ons you need which may help you.

Different Plans for car Insurance

You can choose between two main types of car insurance plans:

Car Insurance for Third Parties

According to the Motor Vehicles Act of 1988, all cars on Indian roads must have third-party insurance. This is a basic insurance plan that covers the costs of an accident for people who are not at fault. It’s important to remember that this plan doesn’t cover the policyholder or their car.

Complete Insurance Plan

Comprehensive insurance is a plan that covers a lot more and is meant to protect the policyholder and their vehicle better. This plan covers both the policyholder’s car and cars hit by the policyholder. You can also choose to buy extra coverage by adding riders to your comprehensive insurance plan.

Important Things to Look at When Comparing Car Insurance

Compare the various web aggregators

It may seem like extra work to pull quotes from different websites, but it’s worth it. Not all websites that let you compare car insurance quotes online have the same number and types of insurers, and no, the quotes are not always the same.

When looking for car insurance quotes online, go to an IRDA-licensed insurance web aggregator. IRDAI’s website has a list of approved insurance web aggregators that you can look at to find out more.

Declare the Correct IDV

The IDV that your insurance company gives you is the current market value of your car. This Value is a big part of figuring out the car insurance premium because it is directly related to the car’s IDV. But it’s not a good idea to put down a low IDV to get a lower insurance premium or a high IDV to get a larger claim amount.

If your car is stolen, you will be paid out the Insured Declared Worth of your plan, so the IDV is also important. In the event of an accident, if more than 75% of the car is broken, the final claim amount may also be equal to the IDV of the car. So, use our IDV calculator now to figure out the correct Insured. Decided to declare the value of your car.

Check the list of Network Garages

When you get your car serviced at a network garage, you can use a cashless service that you don’t have to pay for. If you choose an insurance company that doesn’t offer a lot of garages, you might choose a nearby garage and file a claim for reimbursement.

So, when comparing online quotes for car insurance, choose a company with large insurance for cashless garages. If your car breaks down, you won’t have to drive far or pay upfront at a garage that isn’t in your network.

Choose add-on covers

Today, when things can change quickly, a full insurance plan may not be enough. To get the most out of your coverage, you should consider adding extra coverage to your insurance policy. With a few insurance add-ons that fit your needs, you can protect your car in uncertain times and save money.

For example, if you get the zero depreciation add-on, your insurer won’t consider how fast your car loses value when paying out your claim. The depreciation rate will lower your claim amount, but you can save money if you choose the zero depreciation cover.

Don’t think about the cost

Once you know what kind of insurance you need, you can compare prices and choose an insurance that fits your budget. But, as we’ve already said, third-party insurance doesn’t cover damage to your car if you get into an accident. So, it’s important first to compare different insurance policies based on their features, how much they cover, and other things like that. Don’t let the price stop you.

In conclusion

With this information, you can now choose the best insurance policy for your car. You can always count on your insurance plan, and whether it’s for theft, damage you cause yourself, an unnatural disaster, or someone else’s liability. Before doing that, use our car insurance premium calculator to estimate how much the insurance will cost. Look at the car insurance plans on Finserv MARKETS if you want to make claims easily and get the most coverage for your four-wheeler.