Having car insurance isnot just important but also compulsory. Deciding on a relevantinsurance company can be challenging, given the number of players in the Indian car insurance market. Here is where the role of online insurance aggregators comes into play. Insurance aggregators help you compare premiums and benefits in order to make a well-informed decision before you purchase a policy.
Here are a few steps involved inselecting insurance through a web aggregator:
Step 1: Selecting thekind of policy and coverage you require
Comparison sites help you get quotes. Once you have a clear picture about the type of policy and the level of coverage you require, aggregators would assist in selecting a suitable deal.
Step 2: Choosing a suitable insurance aggregator to compare quotes
Choose an in insurance aggregator only after thorough research, provide your details in its car insurance calculator and proceed tocompare quotes for premiums from different car insurance companies.
Step 3: Car insurance calculator
Web aggregators provide a simple form called the "car insurance calculator" wherein you fill out your personal information as well as the details about your car. After submission, the aggregator will display premium quotes from various carriers and the benefits offered by each of them based on the information you provided.
Step 4: Prefilled answers
The types of insurance you want are specific to your needs and depend on the information provided. Aggregators often, however,stereotype answers and prefill a few of them on the form to quicken the process and give you standardized results. If these suggestions do not pertain to your needs,you may change them accordingly.
Step 5: Analyze quotes from different car insurance carriers
Review and compare quotes provided from various car insurance companies to find out the policy that will suit your budget as well as provide you with the required coverage.
Step 6: Selecting insurance based on price
Do not judge a car insurance company or a particular policy based solely on the price. Car insurance companies that offer low rates provide inadequate coverage that do not necessarily fulfill your requirements. When you get comparative quotes, it is recommended that you review the premiums andstudy the benefits being offered under the plan.
Step 7: Before you buy
It is strongly advised that you read and fully understand the terms and conditions as well as the features of the contract before you accept it.Always check if the information you provided is accurate while purchasing car insurance online asincorrect data might lead you to pay for invalid insurance.