5 Mistakes To Avoid When Buying Motor Insurance Online

5 Mistakes To Avoid When Buying Motor Insurance Online

January 13, 2022
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If you are planning on buying a motor insurance policy for your vehicle, you may have considered opting for the online procedure. After all, it does offer an easier and more convenient alternative to buying insurance policies the traditional way. However, in the hurry to benefit from online processes, you may end up committing a few mistakes that can prove to be disadvantageous for yourself. To help you out in this scenario, we take a look at 5 mistakes to avoid when buying motor insurance online

1. Overlooking the safety aspect of the website 

When you buy a motor insurance policy online, you have to submit your private information regarding your bank account during the payment process. This involves a risk to a certain extent. However, this risk is nullified if the insurance website is equipped with secure payment gateways and advanced encryption technologies. These tools ensure that your private information remains private. So, before you go ahead with the purchase, do check the security procedures that the insurer is using for their site. 

2. Buying insurance from an unreliable third party site

If you run a search for “online car insurance third party”, you will come across several results. There are many sites out there that allow one to purchase or renew motor insurance policies even though they may not be insurance providers themselves. While many of them are safe to use, there are several other sites that you should be wary of. Providing important information to a site that promises a large amount of rewards or discounts for buying insurance from their site can be a risky move. These websites may be run by scammers looking to make money by unethical means. So, avoid buying insurance policies from a site that is not well known or seems shady. 

3. Buying insurance policy using public Wi-Fi 

It is highly advisable to avoid making any large payments or sharing critical information when you are using a publicly available internet connection. This leaves your information accessible to others who are using that connection as well. While you can check and compare different policies while on public Wi-Fi, make the payment/s only when using a private internet connection.  

4. Providing incorrect information 

This is something a large number of people do not pay attention to and often overlook. When providing details such as the vehicle registration number, Aadhaar card number, year of purchase of vehicle, and so on, do remember to double check. If you have made any modifications on your vehicle, enter details regarding that as well. Often, in a hurry, some may enter the wrong information that can cause problems ahead. It may even lead to the motor insurance policy being deemed invalid or claims being rejected. 

5. Not comparing motor insurance policies

Buying insurance policies online offers you several benefits. Policies can be compared on several bases such as coverage, premium, claim settlement ratio of the insurance provider, and so on. There are many sites where you can do this. What’s more, you can compare different types of policies such as health insurance, motor insurance, commercial vehicle insurance, and so on. By availing of these sites, you get to choose the best policy that can be availed at your budget. 

So, the next time you are buying a motor insurance policy online, remember to avoid these mistakes for a smooth buying experience. 

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