Online vs Offline Bike Insurance: Which One to Choose?
For people wanting to purchase or renew their bike insurance, a common dilemma is whether they should do it online or offline.
Come to think of it; we now live in a fast-moving world that is getting more virtual with every passing day. From shopping, ordering food, to staying in touch with family and friends, all of it and much more can now be done online.
So, does it still make sense to purchase two-wheeler insurance offline? Understanding the benefits of online and offline insurance could help answer this question.
Benefits of Offline Insurance
Most of the benefits related to purchasing insurance offline are rooted in traditional consumer habits. In the past, people used to purchase things offline only after experiencing or seeing the product. Direct communication with the seller used to be an important part of the purchasing process.
So, with offline two-wheeler insurance, one gets to experience benefits such as-
One-on-One Communication with Insurance Agent
One of the biggest benefits of bike insurance offline is the fact that you get to have one-on-one communication with the insurance agent. With insurance being an important purchase, a lot of people still prefer to have this face-to-face communication with an expert before deciding.
Assistance with Documentation
The documentation process used to be very complex in the past. In case of any errors or if a document was missing, the whole process of purchasing insurance used to get very time-consuming. As a result, most people used to rely on the agents to collect and submit all the required documents.
Instant Answers to Doubts and Queries
Two-wheeler insurance is not an easy-to-understand product, especially if you are purchasing it for the first time. So, with offline purchases through an agent, people used to get instant answers to all of their queries and doubts.
While a lot of people still prefer offline insurance due to the reasons mentioned above, consumer habits are rapidly changing in India. This has made purchasing bike insurance online a preferred choice for a lot of people. As compared to offline purchasing, policies purchased online are known to offer a host of additional benefits.
Top Benefits of Online Bike Insurance
Here is a list of some of the top reasons why an increasing number of people now prefer purchasing two-wheeler insurance online-
Easy Policy Comparison
With offline purchases, you rely on the expertise of an insurance agent to help you pick the right insurance for your bike. A lot of agents have a reputation of only promoting the policies that provide them with the maximum commission. But with online insurance, you can easily compare insurers and their policies before selecting the one that best suits your requirements.
The premium you pay for two-wheeler insurance offline includes the commission of the insurance agent. But as there are no intermediaries or agents involved, online insurance is also known to be cheaper as compared to offline policies. Moreover, a lot of insurers regularly offer additional discounts to help people save more.
Insurers have eliminated most of the complexities related to purchasing two-wheeler insurance. You can now purchase insurance online by only uploading a few documents. In fact, bike insurance renewal online is a completely documentation-free process with some of the top insurers. Just provide some necessary details, pay the premium online, and receive the policy documents within minutes.
Our fast-paced lives often leave us with little time for ourselves. People no longer have time to visit the nearest branch of an insurance provider or set a meeting with the insurance agent. This makes online insurance an excellent choice as the entire process can be managed no matter if you are at home, office, or even travelling.
To make sure that policyholders can instantly get answers to all of their queries, many of the insurance providers offer 24x7 assistance too. They have toll-free numbers that you can use to get in touch with an insurance expert within minutes.
Due to all of these reasons listed above, there is a gradual shift in people now wanting to purchase two-wheeler insurance online.
What Should You Select Between Online and Offline Bike Insurance?
As can be seen above, online bike insurance renewal and purchase offers more benefits as compared to offline policies. The online method helps you compare and pick the best policy while also allowing you to save money and time. Even the documentation process is hassle-free, and you can get instant answers to all your queries.
However, if you still prefer purchasing things the traditional way, you can still consider offline policies. But no matter what you select, ensure that you always go with a reputed insurer. Understand as much about the inclusions and exclusions of the policy as possible so that you can use your two-wheeler insurance effectively when required.