When we are talking about motor insurance plan then we are
referring both kind of insurances either it is for a two wheeler or for a four
wheeler or car. With the varied set offerings available in the market today
finding the right product that suits your need is tough to find. Another
challenge is that especially in case of two wheeler plans since the premium
amount is very small and lot of people fear dealing with insurance companies
they prefer to ignore renewal of two wheeler plan. This has lead to only 13%
renewal rate in India for two wheeler insurance policies.
Now looking to buy motor insurance Online plans for four
wheelers which are generally termed as four wheeler insurance the scenario is
different. Though the renewal is not that low when compared to two wheelers but
the varied offerings with specific add-on covers make the process a bit tougher
for a common man. Plus other than that there is a huge difference in the
premium for the same amount of cover making it tough for the laymen to
understand further and take the right decision.
To try making a decision for buying the right motor
insurance plan you need to first prioritize your needs based upon your
daily driving needs, the city in which you drive, the age of the bike or car
and one more thing do give a larger consideration to your driving habits. All
these factors would actually define your chances of making a claim. You should
keep in mind that motor insurance is lot life insurance which is meant for
saving for long term; the only objective is that when you make a claim you
should be able that money so that the financial loss is not paid out of your
own pocket. This requirement calls understanding the claim ratio of the insurer
you choose.
So we now understand the complexity behind choosing the right
motor insurance plan but the question is now how to solve this problem. You can
use Motor Insurance Premium Calculator at various online insurance comparison
portals to do it. One of the most efficient ways to buy motor insurance online
plans as it enables you to access of the details of every offering available in
the market today very easily and comparing different plans for making a fair
judgment can be done very easily online.
With E-insurance becoming popular day by day only the
insurance companies have started offering their own online platforms to
customers where they can buy and renew motor insurance plans but there is
series of website run by insurance brokers and web aggregators where you go and
compare different plans based upon your requirement. Online platform not only
gives you an access to the right information about any type of motor insurance
plan but with it helps things have become paperless also and you can compare
and buy a plan in just few minutes
[Source: http://articles.abilogic.com/190071/how-buy-better-motor-insurance.html]
The Wall