4 min read
Updated on Nov 29, 2022
A car insurance policy is one of the most common types of insurance policies sold in India. Every day, thousands of four wheeler insurance plans are sold. This is because Indian law mandates it for every car owner to have an insurance cover for their vehicle. And since thousands of cars are sold every day, an equal number of policies are sold too. If you too are looking to buy car insurance, take a look at this article. Here you will know all about the ways in which you can safely and easily purchase car insurance online.
Visual Stories by PayBima
To begin with, you need to understand what a car insurance policy is. It is nothing but insurance coverage that you need for your motor vehicle. A 4 wheeler insurance plan can be of two types – third party or comprehensive. A third-party policy is a basic type of coverage where you only get coverage against third-party damages. There is no cover for your own vehicle. The comprehensive plans offer third-party covers as well as coverage for your own vehicle. The comprehensive plans are more expensive, but they offer better covers. It is very easy to get a car insurance policy online these days. You can go online, click a few buttons and get your plan instantly.
The first and the most important thing to do before you buy a four-wheeler insurance plan is to make a list of your requirements. Different people have different needs from their motor insurance plans. If you have a new and expensive car, you may need a comprehensive policy. If you have an old car that you plan to change soon a third-party car insurance plan may be enough. List down your needs so that you know exactly what to get.
The next important thing to do is make a budget. The 4 wheeler insurance plans are not of a single type. The different plans are priced differently. This is why you need to make a budget and stick to it. Unless you make a budget, you will tend to overspend and this can prove to be harmful in the long run.
A very good tip is for you to compare car insurance policy online. When you compare, you get to see all the available options side by side. This gives you a very clear picture and you easily get to choose and buy the most suitable plan at the best price. It is easy and quick to compare, so do not skip this step.
Riders are excellent car insurance add-on covers that you must consider getting along with the basic policy that you buy. Riders help you to customize your motor insurance plan and make it more flexible. Look for riders such as the engine cover rider, zero depreciation rider, roadside assistance rider, and so on.
You can buy a long-term four-wheeler insurance plan for a tenure of two or three years. Definitely think about getting a long-term cover as they prove to be economical and beneficial in the long run. You do not have to pay the premium for each year individually and will stay protected against inflation.
Last but not the least, try to purchase car insurance online. It is always a very good idea to buy your 4 wheeler insurance policy online. The online plans are cheaper. Additionally, there are many options and you can compare and locate the best policy in no time. You get to make a completely unbiased choice and this proves to be very advantageous for you. Go online, explore your options and find the best car insurance plan. You can get a comprehensive as well as a third-party car insurance policy online in a quick and convenient manner.
Keep these points in mind when you look to get a four wheeler insurance plan. Doing so will ensure you get to purchase car insurance online in a safe and effective way.
Keeping all the points mentioned above in mind, you can understand just how helpful it is for you to get a 4 wheeler insurance plan online. The digital world is the new-age medium through which a majority of the work is done online and you should also look to get your car insurance plan online. Make a list of your requirements, stick to your budget, compare on www.paybima.com and find the best cover at the best price.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Table of Content Types of Car Insurance Policies Bharti AXA Policy Download - Steps to Consider Is the hard copy of the Bharti AXA car.
Table of Content Third Party Car Insurance Benefits of Third-Party Car Insurance Own Damage Insurance for Car Why Should You Buy Own Damage Car Insurance:.
There are several Misconceptions About Voluntary Deductibles in Car Insurance Policy. Clearing the misunderstanding pertaining to this commonly used terminology in car insurance in this.
With everything around us being driven by technology, why should insurance be any exception? The Indian insurance sector is soon catching up with telematics solutions.
Have you ever considered a situation when the passengers of a four wheeler may suffer injury due to an accident. Is there a passenger cover.
Consumables Add-On Cover in Car Insurance Policy - Why You Should Buy Them You would do anything to maintain the dream car that you purchased,.
Long-Term Car Insurance Policy Advantages and Benefits Do you know buying a long-term car insurance policy can get you more benefits than buying regular yearly.
Does Your Driving Behavior Also Affect the Premium of Your Car Policy? Do you know that your car insurer can charge you a premium depending.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2022 Mahindra Insurance Brokers. All Right Reserved.