3 Things to Remember While Buying Second Hand Car Insurance Online In India

Second Hand/Used Car Insurance Policy

Any car or vehicle that has had more than one owner associated with it, is usually regarded as a second hand car. To be able to legally drive the second hand car on the road, you would need to have a valid car insurance policy. Second hand car insurance is an agreement between you and the insurance company for the second hand car that you already have or are planning to buy.

Points to Remember Before Buying a Second hand/Used Car Insurance Online-

If you want to get the best car insurance in India for your pre-owner car, here are some important points to remember.

1. Avail Transfer Option

A considerable amount of car buyers do not avail of the option of transferring the car insurance from the original owner. There is a good possibility that there are a few months before the policy expires. Thus, you can transfer the policy from the original owner to your name. Though you cannot change the type of policy, you can use riders to improve the policy’s capabilities.

Here are a few simple steps to transfer the car insurance policy.

• Fill a proposal form along with RC transfer. 
• Provide a copy of the previous policy and fill forms 29 and 30 by the previous owner to the insurance company.
• Submit a copy of the new RC with the insurance company.

2. Buy a New Insurance

The other easier option is to buy new insurance for your second hand car. Since it is illegal to drive without insurance, getting one at the earliest is highly recommended. Here is how you can get your hands on one. 

• Visit the website of an insurance provider or an insurance aggregator.
• Enter the car details and receive online quotes for the same.
• Browse through plans, their coverage, and premiums before deciding on a plan. 
• Enter your personal details and pay the policy premium.

3. Claim History

It is always a good idea to know about the past claims of the car that you are buying. You can call up the previous car insurance company and ask for claim details, which they will share with you. This will not only help you assess the insurance better, but also give insights into how often the car underwent repairs.