Buying Car Insurance Online Vs Offline: Which is Better?

Car insurance is a mandatory requirement for every car owner in India. Initially, due to the involvement of insurance agents, cumbersome paperwork, and offline visits, buying insurance took a lot of work. But with the increased use of smartphones and internet, people also started buying car insurance online. However, if you are still confused between the two, here is a guide stating the differences between online and offline car insurance.

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Buying Car Insurance Online

The process of buying a car insurance policy has become simpler in recent years. With the digitisation of the insurance industry, you can easily purchase insurance for your car online. Unlike in the older days, you no longer need to visit the branch of a motor insurance company or meet an agent to purchase insurance for your vehicle. You only need a mobile/computer and an internet connection to buy car insurance online instantly.

All motor insurance companies sell their car insurance online. You can visit the insurance company's website to buy the insurance plan that provides the best coverage for your vehicle.

In case you get confused amongst the multitude of car insurance plans offered by various insurers, you can compare different plans with each other online on Policybazaar.com and choose the best plan.

Buying Car Insurance Offline

It is the traditional process of purchasing an insurance policy offline via an insurance agent or by visiting the insurance company’s branch. The offline purchasing method of car insurance is tedious as it involves manual documentation.

Moreover, you may also be required to visit the registered office or branch of the insurance provider more than once.

Difference Between Buying Car Insurance Online and Offline

A lot of people are still hesitant to buy car insurance online and often wonder if buying the policy offline is better than buying it online. Well! To answer this question, let’s first know the differences between the two methods of buying car insurance with the help of this table.

Which is Better Online or Offline Insurance?

Buying car insurance online is undoubtedly better than buying it offline. This is because the online process is faster, more convenient and more economical than the traditional method.

In the table below, you can see the difference in car insurance cost for a brand new Tata Tigor if purchase it online vs offline:

Note:

• The offline insurance price may vary from dealer to dealer.
• If your car has been hypothecated, you will be required to pay HP endorsement charges of Rs. 1500.

Moreover, as a potential buyer, you should also not be misguided by dealers claiming to offer "cashless network garages" if you purchase policy from them. However this statement is not true, as cashless services can also be availed if you buy policy online.

As you can see in the above table, the savings under an online car purchase are higher than an offline purchase. Therefore, buying a car insurance policy online is a better option that purchasing it offline.