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Car insurance online vs offline

The growing digitalisation has made purchasing car insurance online convenient. You do not have to visit insurance providers physically or meet insurance agents to buy a policy.

All leading motor insurance companies sell their plans online, and customers can visit their websites to purchase a policy. In case you are confused with the range of insurance plans offered by various leading insurers, you can compare car insurance online on reliable websites.

Alternatively, opting for an offline purchase is another way to acquire an insurance plan for your vehicle. Read on to know about the difference between both the modes and select one as per your suitability.
 

What is online car insurance?

It is imperative to have a car insurance policy to stay financially secure. However, purchasing insurance policies can be overwhelming and tedious, given the range of options available. But with the online facility, comparing different policies and purchasing one of your choices has become easier.

Simply visit the website of your preferred insurer and purchase the car insurance policy online in just a few clicks. You can also visit Bajaj Finance's website to look for various comprehensive car insurance policies offered by leading insurance companies. Similarly, policyholders can also opt for car insurance renewal online.

Difference between purchasing a car insurance policy online and offline

Although the traditional method of purchasing insurance plans still exists, purchasing and renewing car insurance online have become popular. You can visit your preferred insurance provider's website to purchase or renew your policy easily.

The following table below highlights the difference between purchasing car insurance offline and online.

 
Offline method Online method
The intending policy buyer needs to meet the seller, fill up forms, and submit necessary documents in an offline process. An online process requires the policyholder to visit the insurer's website or app, share necessary details, choose a plan and purchase the policy by making the payment online.
You can also purchase the plans from agents or a third-party person. Transparency, in this case, may be lacking. Transparency is optimum in an online method as there is no involvement of an intermediary. One can conveniently access all the essential documents online, study them and make an informed decision.
Offline mode is relatively a lengthy process. It involves setting up a meeting with the agent, submitting documents, and making payments. Purchasing car insurance online is a quick process. One can insure his/her vehicle at any time of the day.
It is often difficult to compare policies offline as one needs to visit various offices or physically access each product's details. Moreover, it consumes considerable time to compare the plans as per policy brochures. Comparing car insurance policies online is not at all difficult. You can either select an aggregator and avail of information regarding insurance quotes and coverage online. Alternatively, you can visit your preferred insurer's website and use a premium calculator to learn about the quotes and compare them accordingly.
The offline policy renewal process is as lengthy and tedious as purchasing. First, one needs to visit the insurer's office, meet with the agent, and fill out renewal forms. When an individual chooses to buy car insurance online, he/she can ensure a hassle-free renewal process as the purchasing details are already saved on the insurer's website. Individuals just need to log in to the website and input their policy number to renew it.
 

Which is the most convenient mode of buying car insurance, online or offline?

Undoubtedly, purchasing a car insurance policy online is more convenient due to faster processing, cost-effectiveness, and convenience than the traditional method.

If you are planning to purchase motor insurance online, then visit the Bajaj Finance website to get the best deal. You can opt from a range of policies offered at an affordable premium amount and get comprehensive coverage for your vehicle's needs. Bajaj Finance partners with top insurance companies to help you access a proficient customer support team, claim settlement and policy renewal without any hassle.

In a nutshell, purchasing car insurance online is a great choice. But ensure purchasing and renewing it on time to avoid a legal hassle in the long run.

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