With the insurance industry going online and IRDAís continuous focus on offering online empowerment to policyholders online has become the buzzword now Today close to 80% of motor insurance is bought through online modes. There are websites from individual insurers and also website from insurance web aggregators like myinsurancebazaar.com which are making the process more hassle free. Either it is car insurance or a two wheeler policy, anything that falls under motor insurance can now be easily bought online. The best part of using online mode for buying motor insurance is that it empowers the policyholder to compare motor insurance plans from different insurers in one go. You can easily custom make your policy requirements through online mechanism and compare insurance plans based upon add-on covers and discounts.
When we compare the benefits associated with online with offline it is far more and out of comparison. Through an offline mode you canít actually understand every information and judge every benefit of buy motor insurance Online plans that is being offered by any insurer. Other than that you can also get real time quotes for a particular requirement in one go from at the top insurers, get a changed quotes based upon add-on covers and even compared discounts offered by various insurers. With this huge amount of information you can actually get access the right amount of insurance in just one click from all the top insurers.
Online comparison of motor insurance plans also makes things easier when considered from the perspective of add- on covers. Online comparison helps you to understand the true benefits of add- on covers and helps you to choose the right one. This is something you might miss out while buying a policy offline. You offline advisor may not have the capacity to interpret a huge amount of information or neither he /she had an access to whereas on the other hand in a online mode technology gives this capability and help the policyholder to make effective decision. Other than the benefits associated with online similar benefits can also be enjoyed by the policyholders in terms of availing discounts also. Many benefits associated with discounts might get missed out during on offline mode might be well taken care off in case of online.
If we club the above benefits associated with online mode, comparison of motor insurance plans online by Motor Insurance Premium Calculator makes it very helpful for the policyholder and help him/her to get the right quotes for insurance requirements and which in turn helps you save a much more on the premium that you would pay.
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