With the advancement of technology, it has become easier and faster to buy car insurance online. Buying third-party insurance online from your preferred insurance company offers several benefits, such as convenience, affordability, and quick processing. Moreover, choosing an online process eliminates the need for paperwork, long queues, and the hassle of visiting insurance agents. However, navigating the online insurance market can be overwhelming, especially for first-time buyers.
In this blog, we will highlight the steps you can follow to buy third party car insurance online.
How to Buy Third-Party Insurance Online in India?
Here is a step-by-step guide you can follow to purchase third-party insurance in India:
Step 1: Start with Research
As numerous insurance companies offer third-party insurance plans online, you must compare and buy the plan that suits your insurance requirements. You must compare the customer service, price, coverage, etc., to make a proper comparison of multiple insurance companies. In addition, you can read customer reviews to understand the point of view of users and buy the correct plan.
Step 2: Keep Documents Ready
After choosing the insurance company, you must keep the documents ready to expedite the buying process. You must keep the vehicle registration number along with the make year and model details handy. In addition, you must keep your personal details ready, such as address, photographs and identity proofs. You can also prepare and keep additional documents ready to streamline the buying process.
Step 3: Visit the Insurance Company's Website
After you have selected the insurance company, navigate to its website or download their mobile application. Most insurers offer both options, so it is easy to buy insurance right from your mobile device. It allows you to complete the process conveniently from anywhere, from home, work, or on the move.
Step 4: Select the Third Party Insurance Option
Find car or vehicle insurance options at the website or app's home or product page. Select third-party insurance among the policy options available for selection. Third-party insurance will normally be the most direct and cheapest choice to fulfil your basic legal needs at the lowest possible rate.
Step 5: Enter Vehicle and Personal Information
After logging into your account, fill up your car details in the 'Car Insurance' section. Start filling in the details you had prepared before. Note that the required details may vary on whether you are buying a new car insurance policy or renewing an existing one. In addition, ensure there are no errors while filling in the information related to your vehicle.
Step 6: Review Coverage and Premiums
After you provide your information, the system will reflect the premium amount based on the coverage. It usually covers damages to other people's properties and injuries of those involved in the accident, which is typical of third-party insurance. Check thoroughly all the inclusions and exclusions since the coverage features are standard, but premium amounts vary slightly according to the provider.
Step 7: Make the Premium Payment
After finalising the policy details and add-ons, you must proceed to pay the premium of your selected third-party insurance plan. As most insurers accept online payments, you make payments via credit/debit cards, net banking or UPI modes. You must select a secure payment mode and ensure you receive an official payment confirmation.
Step 8: Download and Save the Policy Document
Once you have completed the payment, a policy document will be generated that you can download as a PDF. It will also be sent to your registered email address. In addition, it is highly recommended that a digital version be maintained and that the physical version be printed out and put in the car for easy access when needed.
Tips for a Safe Online Third-Party Insurance Purchase[1]
When purchasing third-party vehicle insurance online, here is how you can ensure safety and satisfaction:
- Always verify the authenticity of the site before purchasing insurance from third parties. Only buy your insurance from the official app or website of a trustworthy provider to avoid fraudulent websites.
- Do not use public Wi-Fi when making transactions online. The best option is a secure and private network, as it will ensure that your data will be less prone to hacking.
- Read the policies carefully, as third-party insurance is always basic. Hence, read what is written under terms and conditions.
- Submit an appropriate email address and mobile number so your insurer can reach you in time.
Final Words
Henceforth, buying third-party car insurance online in India is a convenient, affordable and easy way to meet your legal requirements and ensure financial protection from third-party liabilities. Although third-party insurance is the most basic form of coverage, it is essential for meeting legal standards and providing peace of mind on the road. Hence, you follow the above-mentioned steps to buy the best third-party insurance in India.
