How to use an online motor insurance calculator to simplify your purchase?

When you have a vehicle of your own, you need motor insurance to safeguard and protect it against unforeseen events. Besides, the Government of India has made it mandatory to purchase a motor insurance plan.

Earlier, purchasing motor insurance was a tedious process that involved heavy documentation. Now you can buy a car insurance or bike insurance plan of your choice conveniently online. The best thing about buying motor insurance online is that you can calculate the policy premiums online as well. Insurers provide a motor insurance calculator that helps you determine the cost of your desired coverage and add-on benefits.

Here are some advantages of using an online motor insurance calculator –

• Allows you to choose an affordable plan

An online motor insurance calculator can help you choose an affordable policy according to your budget. It helps compare motor insurance plans based on their premium rates and select the one most suited for you.

• Provides direct estimates

Since it is readily available on the insurer’s website, the online car or bike insurance calculator ensures that you receive the estimates directly from the insurance company. This further eliminates the need for a middleman to fetch your insurance quotes, allowing you to make an informed decision all by yourself without having to rely on anybody else.

• Allows you to mix and match parameters

Most motor insurance calculators available online allow you to adjust different factors that affect the insurance premiums. A few of these parameters include the Insured Declared Value (IDV), voluntary deductibles, etc. You can mix and match these parameters until you find your desired coverage with add-ons as per your affordability.

Now that you know the benefits of an online motor insurance calculator, you can learn how to use one to simplify your motor insurance purchases. Here’s how to use an online motor insurance premium calculator –

1. Go to the insurance company’s website and go to the ‘Motor Insurance’ section.
2. Select the motor insurance calculator option and proceed.
3. Enter personal information and the details of your vehicle.
4. Specify if you have made any claims in the past.
5. Select the suitable coverage for your motor insurance policy.
6. If you wish to buy comprehensive motor insurance, you can select the add-ons available to you.
7. Once you submit the requested information, the tool starts calculating the insurance premium for your desired policy. You will see the final premium amount displayed on the screen.

That’s it! It is as simple as this.

You no longer have to calculate motor insurance premiums the old-fashioned way. Get the information online using the online car and bike insurance calculator so that you can buy a policy from the comforts of your home or on the go. It does not take much time, efforts, or unnecessary documentation, and can be done in a simple, hassle-free manner. So, go ahead and get a car and bike insurance online today!