3 min read
Updated on Nov 14, 2022
There are quite a few reasons why one would consider switching their car insurance policy. Firstly, you could be close to the policy renewal and wish to change the insurance company. If you have been continuing with the same insurer for a while, it is a good idea to change. Lastly, you can also switch insurers if you are having a bad experience with your existing insurer. Irrespective, you must compare car insurance online.
Visual Stories by PayBima
Once you decide that you need to switch your car insurance policy, the first step is to identify an alternative plan. You can use the method that you had used earlier or compare car insurance online. There are several insurance aggregators, where you can compare car insurance online.
The aggregators will list out all the plans from different insurance providers. You can browse through the policies, their offerings, and check the policy premium before finalizing a plan. If you are switching your policy due to any issues, you can check if the other insurers offer those as a part of their plan.
To make sure that you switch to a good insurance provider, there are a few parameters that you can look at. For instance, the performance of the insurance provider and the financial strength of the provider.
You can also check online for user reviews to understand the kind of experiences that other users have had with the insurance company. Another effective way is to check with friends and relatives about the insurance company.
Also Read: Does it make Sense to File Small Car Insurance Claims?
It is also a good idea to inform your insurer about the policy switch. If you are planning to switch due to a specific reason, they might offer something to rectify that. In some cases, they might even offer something better. Should your insurer offer additional features, you might even consider staying with them, rather than switching your insurance company. After all, the insurance provider would not like to lose out on their customer.
If you have made up your mind to move to a new insurance company, you can look at the finer details of the new policy. For starters, the IDV or the insured declared value plays a crucial role. It is the current market value of your car. A higher IDV results in a higher policy premium and vice versa.
You can also assess different riders for your car insurance. By paying a small premium amount, you can associate additional features or benefits to your existing policy. Some of the riders can help you save money in the long term. Depending on your needs, you can opt for the right add-on.
You can buy car insurance online when you are planning to switch your insurance provider. You can utilize the opportunity to secure a policy that offers better coverage and customer service.
Also Read: Did you know that No-Claim Bonus can be transferred from One Car to Another?
What is Better – Buying Car Insurance Online or through an Agent?
Secrets Your Brokers Never Told You about the Car Insurance Comparison
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.
Everything you need to know about car inspection as part of the insurance claim process. A car is one of your most valuable assets and.
Pollution is a huge threat that has been contributing severely to the deteriorating health of people in India. A major contributor of the increased air.
Airbags are among the significant safety innovations of the recent time as they provide vital cushioning to people sitting in a vehicle during a crash..
For keeping the environment clean and pollution free, people have now started using Electric Vehicles in India widely. Let us understand in this post how.
A car insurance policy number is a basic requirement during accidents, mishaps or at regular traffic police checking. Let us understand how to get an.
Accidents and uncertainties are part of life that comes unexpectedly without any prior information. Hence, it is very important to have a first aid kit.
To drive a car on Indian roads, the car needs to be covered by an insurance policy. However, to ensure continuous coverage, the policy needs.
High motor Insurance premium rates have been a cause of worry for many. Hence IRDAI introduced vehicle insurance based on usage where premium is levied.
With everything becoming online, buying insurance policies has also become smooth via online mode. If you are looking for any support on Bharti AXA Car.
Are you new to driving? Do you know what a third party claim in car insurance is and how to raise a third-party claim? If.
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 © 2023 Mahindra Insurance Brokers. All Right Reserved.