From where to buy car insurance online

Renewing car insurance can be a mind-boggling exercise for you. Once your existing car insurance plan gets closer to the expiry date, you may start calls from several agents every now and then.

Today, the information about your car insurance policy expiry is shared by vendors with several companies and they keep track of it – after all you are a potential customer for them.

Some similar was the case with Rajesh Vishwakarma, a 34 year old finance manager working with a multinational IT company in Gurgaon. He owns a Maruti Swift diesel engine car and his car insurance was due in a couple of months.

He started receiving calls in January despite the fact that the policy was expiring in April.

But he could issue a post-dated cheque so as to avail some discounts and free gifts applicable for a particular period of time. Initially, Rajesh found the offers of free watch, bag, sun glasses etc lucrative but he found that it was not worth it.

When these offers did not cut ice, agents started deploying other tactics. One agent said that it will be a great help if he buys insurance from him because he had to meet his sales targets. That was funny. Rajesh clearly said that he was not interested and rather not concerned about his sales targets.

“I did not expect that all the information I needed to compare quotes was available at a click of a mouse. Till now, agents were making a fool out of me, and I had no choice but to rely on what they say,” Rajesh expressed.

His pleasant surprise converted into a true delight when he found that there was a quite a lot of difference in price quotes. He finally decided to go with the company which was offering the lowest premium rates with the same features. This was simply a saving of around 20 per cent over the lowest quote provided by an agent.

But why there is such a notable difference in prices? Agents are paid hefty commissions by insurance companies. These commissions range in between the bracket of 10-30 per cent or even higher.

This goes out from your pocket of course.

“There is no point in paying commissions to agents when you can renew your insurance policy online,” Rajesh believes No one likes to be duped. It really hurts when you end up paying high prices for the same product or service which could be availed at a much lower cost. Millions of professionals like Rajesh wish to save on their hard-earned income and online mode is a tremendously powerful tool which can help everyone to make the best, well-informed decisions.

Insurance comparison portals have transformed the way people receive information. There is a complete transparency, and fairness. Plus the insurance companies save a lot of cost if someone buys a policy online. They do not have to pay hefty commissions and also the cost of sales, marketing and policy documentation goes down by more than 30 per cent.

All these benefits are simply passed on to the consumers. For a consumer, there is no limit to the benefits. Last but not the least, you can pay through your credit card and avail a credit period of over 50 days, which is generally provided by all credit card companies. Several people use their credit cards which get them cash back and bonus points.

Some cards, from Citi Bank or Standard Chartered for instance, offer 5 per cent cash back to their credit card holders. That means, if you pay a premium of Rs 10,000, you get a discount of Rs 500 straightaway. Isn’t a great deal for you?

Nevertheless, there is no second thought that Car Insurance Online buying is always better. If you do not believe it, try doing it and realise by yourself.

To know more visit: https://www.bajajallianz.com/Corp/general-insurance/general-insurance.jsp

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