In today’s internet age, you might have seen yourself confused between two alternative available online. Be it your sparkling new shoes to your brand-new mobile phone, you name it and it is available online. The e-commerce trend set the much-needed driving factor for making things available over the internet. Your motor insurance policy is no different. The last decade has seen a seamless transition for preference for all things online including motor insurance policies.
Despite the convenience of click-and-buy, there are few people who are reluctant about purchasing vehicle insurance online. This article highlights some noteworthy benefits of buying a moto insurance policy online. Let’s have a look –
Affordable insurance policies
Like most things available online, you have a plethora of alternative and thus finding an affordable motor insurance policy is easy. Since buying a two-wheeler or car insurance online involves lower operational costs, in form of reduced paperwork and middlemen, the price for an online policy is lower when compared with the traditional offline plans.
The next advantage of an online insurance plan is no paperwork. Buying a policy offline otherwise requires a lot of paperwork requiring you to submit many documents. The same in case of an online policy is hassle-free. All you need to do is upload scanned copies of the necessary documents in the application form.
Savings in time, easy and convenient
Buying car or bike insurance online requires far lesser formalities when compared with an offline application form. The insurance companies can pull most of the data from the road transport database with a few key inputs. This way, most of the information about the owner and the vehicle comes pre-filled. Further, the intuitive user interface makes the buying process smoother. Also, tools like a car insurance calculator can aid in selecting the right policy based on coverage and premium. So, with an online policy, you can compare the available alternative and shortlist your policy at the convenience of your couch. All this process saves a lot of time and energy while getting the best policy deals to you.
Instant policy in your mailbox
Buying a policy online has the one key benefit of instant delivery of the policy to your mailbox. Within a couple of minutes after your payment is through, your credentials are assessed, and you receive the delivery of your policy to your mailbox. Further, some companies also arrange for a physical delivery of your insurance policy for added convenience.
Ease of change in policy details
With an online insurance plan, changes if required can be easily made. These changes termed as endorsements can be simply carried by logging into your account on the insurer’s website and uploading the supporting documents for such changes. Similar to a new policy purchase or renewal, this endorsement is sent to your mailbox almost immediately after verification.
Many policies in one place
Lastly, the advantage of buying a motor insurance policy online is that different plans can be stored in one single place. For instance, you have a two-wheeler as well as four-wheeler insurance from the same company, you can access both policies and add or amend coverage to them from the same account. This way, all your insurance policies can be accessed from one single place.
These are some handy benefits of buying a motor insurance policy. So why hesitate in making the switch to an online policy? The right time is now! Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.