Why is it better to buy bike insurance online?

Amongst most of the middle-income groups, bikes are the ideal vehicle choice. They are used extensively in cities where public transportation systems are less frequent. All two-wheeler owners must adhere to the Motor Vehicles Act of 1988 and hold a third-party liability cover compulsorily. You could choose a comprehensive plan, but that is optional. Nowadays, it is easier to buy two-wheeler insurance online owing to the quick process and convenience.

Following are more such reasons –

Comparison of insurers

When you decide to buy two-wheeler insurance, it is imperative to compare different insurance companies. Every company have their pluses and minuses for which the details are available online. You can check the consumer reviews, claim settlement ratios, and find their reputation and level of service, by doing the research online. Buying the policy online allows you to do a thorough study and land a better deal instead of opting for a provider and plan suggested by your bike dealer or third-party agents.

Fits the budget

The moment you opt for online policies, you give yourself the chance to choose a plan that suits your requirements. You make unbiased, well-researched decisions whether you need a comprehensive or basic third-party liability one. Many insurers offer almost similar plans, but the add-on differs, and the associated costs also are different. Make sure the bike insurance policy you opt for offers optimum coverage.

Recommendations and commissions

There are many agents selling two-wheeler insurance, and they charge a commission for the same. This adds to your actual cost. Moreover, agents are biased and suggest expensive policies which help them receive higher commissions. Agents also do not understand the client requirement and could recommend a policy which may cost a lot but offer minimum coverage. Hence, it is better to buy a policy online than paying higher commission to an agent who is unaware of the clients' needs.

Insurance buying process

The process of buying two-wheeler vehicle insurance online is hassle-free. Once done comparing different insurance companies, visit their website. Fill necessary details like name, contact number, and enter the vehicle number, make, model, and year of manufacture. Select the type of insurance policy you desire and the riders, which provides additional protection. Once the details are added, pay for the policy either through net banking or credit/debit card.

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Created on Jul 6th 2020 02:42. Viewed 356 times.

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