How To Get Best Affordable Car Insurance Quotes Online?

2 min read

How often does it happen that we reach out to friends or family members for car insurance recommendations? And based on the recommendations we proceed with the purchase. While it is great to get recommendations, it might not always be the best approach for you.

For starters, the car insurance quotes that one gets out of recommendations might not be entirely suitable for their usage. Several factors can differ between two car owners, such as driving style, the number of kilometres travelled regularly, riders opted for, and so on. Also, getting car insurance quotes on your own will help you better understand the policy.

If you wish to get the best car insurance quotes online, here are the steps that you need to follow.

  1. Visit any insurance aggregator’s website
  2. Look for the buy or renew car insurance option
  3. Enter details of your car

Some common details required include:

  • Your current city of residence
  • The RTO where your car is registered
  • Your car’s manufacturer and model
  • The year of manufacture for your car

After you enter these basic details, the insurance brokers online will provide you with all the policies available based on the information that you have entered. You can now browse through the various car insurance quotes and choose a policy. The insurance brokers online also offer you options to add riders to your plan to make them more effective.

Types Of Policies

When you are looking for car insurance quotes online, being aware of the different available policies will make the process that much easier for you.

A. Third-Party Liability

A third-party liability policy is the bare minimum requirement as per the Motor Vehicles Act of 1988 and one of the most common policies sold by insurance brokers online. In the event of an accident, the policy will ensure that any liabilities towards injury or damages to other individuals, vehicles, or properties are taken care of. It also covers any legal liabilities out of accidents.

B. Comprehensive Policy

Apart from offering all the benefits of a third-party liability policy, a comprehensive plan also offers its own damage cover. If you have a comprehensive plan, the insurer will pay for damages due to an accident, natural calamities such as earthquakes, cyclones, floods, etc., man-made calamities such as theft, vandalism, etc. Car insurance quotes online usually feature a comprehensive policy.

C. Stand Alone Policy Own Damage Plan

You can only opt for a stand-alone own-damage policy if you already have a third-party liability policy. This plan offers cover for your vehicle’s own damage.

D. Bundled Insurance

Any new cars purchased after 1st September 2018, come along with a 3-year third party liability policy and one-year own damage cover.

E. Pay As You Drive

It is an option in comprehensive policy where you pay premiums only for the distance that you cover in a year. With the above information and car insurance quotes online, you will be able to buy the best policy for your car.

Author Bio
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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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