5 Must-Know Reasons to Buy Car Insurance Online in India 

Imagine, just when you are enjoying the scenic view on the highway with good music and a scooter cuts you off, making you cough up an unexpected repair expense. And, in India, where traffic can be unpredictable and car ownership is on the rise, having a car insurance policy is mandatory by law.

Not having a third party liability car insurance policy can lead to fines of ₹2,000 for the first offense and ₹4,000 for repeat offenders. According to a recent study by the Insurance Regulatory and Development Authority of India (IRDAI), over 30% of car insurance policies in India were purchased online in 2022-2023. This trend is likely to continue as more drivers discover the advantages of buying  a car insurance policy online and get a streamlined digital experience.

With so many options available, choosing the right policy can feel overwhelming. This is where the convenience and potential cost savings of car insurance policy online make things easier for you.

Let us further delve into the top 5 reasons why buying car insurance online in India is a convenient way to get you on the road with confidence, knowing you’re financially protected.

5 Reasons Why You Should Buy Car Insurance Policy Online

1. A Cost-Effective Way to Buy Car Insurance Online

Let’s face it, affordability is a major concern when it comes to car insurance policy. Traditional methods often involve contacting multiple agents, each with their own set of quotes. This back-and-forth can be time-consuming.

Online platforms, however, empower you to be your own insurance guru. With a few clicks, you can compare car insurance quotes from various providers, allowing you to get the best deal without the legwork.

2. Minimal Paperwork for Car Insurance

When you buy car insurance online, it significantly streamlines the process for you. Gone are the days of filling out endless forms and the inconvenience of waiting for physical documents to arrive. Online platforms digitalize your efforts, allowing you to upload necessary documents and get insured in a fraction of the time.

Even for existing policyholders with a good track record of on-time car insurance policy renewal online or new policy seekers, the process can be virtually paperless. So yes, you can secure your car insurance online, without the traditional paperwork burden.

3.  Compare Different Car Insurance Online

Gone are the days of endless phone calls and agent visits in search of the perfect car insurance policy. Online car insurance platforms have revolutionized the process, bringing together established and emerging providers in one convenient location. This user-friendly format empowers you to make an informed decision.

Today, with seamless access to information online regarding different car insurance policies, it has become easier to compare them to choose the one that fits your needs. You can compare factors like coverage options, customer reviews, and, most importantly, price points on a single platform. So, you can find car insurance online that aligns well with your needs and budget.

4.  The Convenience of Buying a Car Insurance Policy Online

Juggling work deadlines, family needs, and seeing friends leaves little room for appointments. That’s where the benefit of buying car insurance online comes in. Forget squeezing in a meeting with an agent during business hours. With online options, you’re in control.

You can browse different car insurance plans, get quotes tailored to your car and driving habits, and even finalize your policy entirely on your own schedule. Imagine comparing plans while relaxing on the couch after work, or finalizing everything during your lunch break—all without the hassle of scheduling an appointment or waiting in an office. It’s a time-saving convenience that fits perfectly into your busy life.

5.   Easy Car Insurance Policy Renewal Online

The convenience of car insurance online goes beyond buying a policy. Renewals are easy and convenient too. Forget searching for paperwork. With online platforms, you can access your policy details anytime, anywhere. A few clicks and you complete the car insurance policy renewal online, ensuring peace of mind on the road.

How to Buy Car Insurance Policy Online?

When buying car insurance online, check car insurance quotes from different insurers to get the best price. Also, it is essential you choose a car insurance provider with a good claim settlement ratio and partner garages. 

We suggest you consider third-party liability (mandatory) and comprehensive (optional) car insurance policies for full protection. Add-ons like roadside assistance can be helpful. Liberty General Insurance is a trusted provider of a comprehensive car insurance policy online. These are the types of car insurance policies provided by them: 

• Third-party: Covers damage to others, this is legally mandatory
• Own Damage (OD): Protects your car from non-accident events
• Comprehensive: Combines both third-party and own damage car insurance and often a package 
• Add-Ons: You can customize coverage for your car protection needs 

Liberty General Insurance boasts a 97% claim settlement ratio(CY’23) and has 5000+ partner garages. When you buy a car insurance policy from Liberty General, you get more than basic protection. With it, car owners like you are covered against the damages to the insured vehicle and any third-party liability determined by the law.

Indian roads can be tricky, and having car insurance is a must by law. Luckily, you have options! Buying car insurance online saves you time and money. With a few clicks, you can find the right coverage for your car. Plus, car insurance policy renewal online makes it easier for you to continue protecting your car and driving it knowing you’re financially protected.