How to Buy Motor Insurance Online

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How to Buy Motor Insurance Online?   12th Feb 2020

If you nurture and protect every little thing in your life, why not your car. Your car is something that you will use the most in your life, and it needs to be safeguarded against accidents, natural calamities, theft and malicious damage. Right now, when even minor repairs and maintenance costs can be so high, you can imagine what will be the extent of expenses in case your car gets damaged or in the worst case stolen. To avoid such a huge sudden financial loss, car insurance is important. Every year, a large number of vehicles make their way to Indian streets, and due to this reason, car insurance has been made mandatory by the Government of India under the Motor Vehicle Amendment Act of 2019.

You can easily buy motor insurance online with a very simplified process. There are no hassles such as visiting the office of the insurance provider, and you can compare all the different car insurance policies online just by visiting the websites of all the insurance providers and then choose the one provider that provides the best benefits and the plan that best suits your needs. Before you go and finalize any particular vehicle insurance plan, you should be well aware of what all kinds of damages are included in the plan and what all kinds of damages are not included in the plan.

  • Loss or damage caused due to accident, theft, natural calamities, fire explosion is included in the car insurance plan.
  • Loss due to gradual wear and tear of different spare parts of the car are not included in the insurance plan.
  • Personal Accidental insurance cover is included in car insurance
  • Loss or damage to the vehicle as a result of intoxication or drugs is not included in the car insurance.
  • Financial liability caused by the injury of a third party or damage to the property is included in the car insurance.
  • Loss or damage to the vehicle when it is being driven by a person without a driver's license is not included in the car insurance policies.
  • Car Insurance becoming mandatory should not be the only reason to buy insurance for your vehicle. You should look at the important aspects and benefits of buying car insurance and then buy a policy that is best for you according to your financial stability.

  • The most important reason for buying car insurance is that it is mandatory by law with punishment for failure to do so.
  • It is effectively an investment because you will save on costs that are incurred on your vehicle for repairs in case your car is involved in an accident.
  • Having car insurance also provides a health insurance boost since many policies also cover injuries that may be caused to the driver and the passenger in case the vehicle is involved in an accident.
  • Some of the big names in the insurance field, which provide car insurance are:

  • Magma HDI General Insurance
  • New India Car Insurance
  • Bharti AXA General Insurance
  • Future Generali India Insurance
  • Liberty General Insurance
  • National Insurance
  • HDFC ERGO General Insurance
  • IFFCO Tokio General Insurance
  • All these companies provide a wide range of insurance policies from which you can choose the one most compatible with your needs and buy motor insurance online in a few simple steps. Along with the basic benefits of each plan, you can also opt for Add-on facilities which cover many different things at the cost of an increased yearly premium.