The battle of digital vs. traditional is never-ending. However, with the convenience and feasibility of digital, more and more people are inclined towards such methods. Think for yourself. You need to buy car insurance for your new car. Will you travel to places to find the best one or simply use your smartphone from your comfort zone for online insurance for car?
Long gone are the days when people actually used to rely on traditional methods. It’s 2023! With just a few taps on your smartphone, you are sorted.
What is car insurance?
Before driving your vehicle in a public place, it is important to have motor insurance. A car insurance online is a policy that offers protection for you, your vehicle as well as other motorists against liability in case there is an unforeseen accident.
This policy offers compensation to cover any injuries caused to people or their property. Always remember that this contractual arrangement is a legal requirement in most places, especially in India.
Online Car Insurance vs Traditional Agents: Pros and Cons
Online
Pros:
- Super convenient
Purchasing online insurance for a car is super convenient and easy as you can complete it from anywhere as long as you have access to the internet. This basically ends the need for physical visits or even unnecessary phone calls. Simply you can pay car insurance online quickly.
- Lower Cost
Online companies that sell such insurance often have lower overhead costs than traditional ones. This results in lower premiums for policyholders.
Cons:
- Limited Interaction
Online insurers obviously lack the personal touch and in-depth guidance that traditional agents can offer. This is a drawback if you prefer a more hands-on approach.
- Technical issues
Glitches or website errors can occasionally hinder your ability to access or manage your policy online. However, you can easily overcome this by using genuine applications.
Traditional
Pros:
- Personalized Service
Working with a traditional insurance agent allows one to receive personalized advice and guidance in choosing the right plan for your situation.
- Review of policy
Agents even periodically review the policy you purchased to ensure that it remains aligned with your changing needs and circumstances.
Cons:
- Higher costs
Traditional works simply work on a commission basis. Therefore, the cost of the insurance policy offered by them is genuinely higher.
- Pressure to purchase
Some agents may exert pressure to make a sale. This leads to decisions that may not be in your best interest.
Which one to choose?
The choice is totally yours. However, in the current era, where we are dependent on our smartphones for almost everything, traditional methods are out of the league. With the right application installed on your smartphone, you are more than good to go.
Around two months ago, when I was looking to buy car insurance online, one of my colleagues suggested to me the Bajaj Finserv application. Believe me, with just a few steps, you are more than good to go.
- Download the Bajaj Finserv App
- Sign up after entering your mobile number
- On the home page, click on Car Insurance
- Input the vehicle registration number and your PIN code to view prices.
- Evaluate your coverage requirements
- Get the add-ons based on your requirements
- Calculate the premium and make the purchase from this insurance download app
