You Can Get Car Insurance Online Easily!

Car Insurance

Car insurance is a plan that a vehicle owner purchases to alleviate the costs that one has to incur in case of unexpected accidents. The owner chooses a motor insurance policy and pays annual premiums while the insurer covers the vehicle damage costs due to unforeseen incidents. The premium to be remitted depends upon the age and gender of the insured. The insurance policy needs to be renewed from time to time to avoid lapse of the policy. Now-a-days, buying and renewal of car insurance could be done online.

There are several insurance service providers online which makes renewal of lapsed policy very easy-going. With minimal steps involved, one can get a car insurance policy refurbished online.

Quotes are available free of cost in the internet from various insurance companies. Depending upon the age of the car, the Insured Declared Value (IDV) and the annual premium quote can be obtained online. IDV is nothing but the current market value of the vehicle. Based on the IDV, after deducting the depreciation, the insurance premiums are calculated.

Many insurance service providers offer great deals online. Some insurers do provide additional benefit of accidental cover for co-passengers. Online insurance covers damage occurred to the car and its accessories. One major value addition with online insurers is that no paperwork is required and that the policy document is generated instantly. The mode of premium payment can be made using debit cards, credit cards and net banking facility.

There are model wise discounts available by different companies. For online renewal of policy, all we need to know is the vehicle registration details as per the RC book and the details of the policy to be renewed. Sometimes, there are circumstances that we may exceed the renewal date and that the policy would have expired. In such cases also online renewals is possible.

Beware of Car Dealers Promising Free Car Insurance

It is quite easy to be enticed by car dealers offering free car insurance. A few car dealers go to the extent of offering free insurance for the first three years or so.

In order to ensure that there is no conflict going ahead, just ask your car dealer these simple questions and this would help you take a more informed buying decision.


It is quite easy to be enticed by car dealers offering free car insurance. A few car dealers go to the extent of offering free insurance for the first three years or so.

In order to ensure that there is no conflict going ahead, just ask your car dealer these simple questions and this would help you take a more informed buying decision.

1)  Since motor insurance contracts are available for a single year term, how will the dealer manage to offer a three year contract?
As multi year car insurance contract is not available on the market, it is likely that the car dealer will promise to take care of your insurance renewal when it expires. However, you and the car dealer need to be on the same page with regard to this clause and it is best that the dealer gives you a written commitment on the same.

2)  What would be coverage offered under the insurance policy that the car dealer is offering?
The car dealer would be offering you just a plain vanilla car cover which is unlikely to provide you with many coverage benefits which are otherwise gen
erally available when you pay and buy insurance policy along with the car.

It is best to avoid getting into such a complicated arrangement and rather ask the dealer to offer you a straight forward cash discount. You can easily buy car insurance online in India. What’s more, you also get the facility to thoroughly compare car insurance coverage offered by various players of car insurance India through insurance comparison websites.