Having two wheeler insurance for your two-wheeler is as essential as the fuel the two-wheeler runs on. Just as you cannot run your two-wheeler without fuel, riding a two-wheeler without two wheeler insurance will lead you to various legal and personal hassles. Owning online two wheeler insurance comes with various benefits which include personal accident cover, medical cover, cover against natural disasters and cover against human-made disasters. Also, you also get cover against any theft and stealing which is very common these days.
Like we said, buying online two wheeler insurance is something that cannot be ignored. The decision of what to choose and what not to choose is highly taxing as there are numerous options available in the market. It is always suggested to compare two wheeler insurance before signing the final deal. Doing this will not only fetch you a good deal but will also help you know what others insures are offering.
Two-wheeler Insurance – Compare and Buy
Before any purchase, we usually compare a product with other products to get the best deal. The same goes for two wheeler insurance. Never decide to buy two wheeler insurance that comes across to you first; hold on your horses and compare it with other options. Here is a list of reason why you should do the same:
- You will able to make a conscious decision
When you compare two wheeler insurance, you have detailed information about the features and offerings. You are aware of what you are getting from the two wheeler insurance. With all your facts straight, you can comprehensively analyze what the two-wheeler insurance is offering you. By comparing two wheeler insurance, you can understand your requirement as well.
- It helps you to prevent unnecessary investment
When you compare two wheeler insurance online, you have all the details of the policies including their premiums and coverage amounts. This way, you can do a thorough analysis regarding the plan that will fetch maximum return on investment. It is often found that the insured who buy two-wheeler insurance without comparing it online often end-up investing a huge sum which was not required otherwise.
- It is quick and easy.
Comparing two wheeler insurance online is a quick and hassle-free process. With simple clicks, you can have all the information right in front of your eyes.
- Comparing two wheeler insurance helps you to gain basic knowledge about the two-wheeler insurance policy.
When you compare two wheeler insurance online, you get basic details regarding the policies and their mode of operation. When you have this basic knowledge handy, the chances are bleak that you fall into the pit of any fraudulence.
- It saves you from impulse buying
As we all know that buying two wheeler insurance is essential, it is often found that people buy them impulsively for the sake of buying. In some cases, the insured never get a chance to avail the benefits while others are unable to get the type of coverage required for them. All this can be prevented if you compare the policies before buying the same.
Right Steps to Compare Two-wheeler Insurance
Well, by now you are aware as to why you should compare two wheeler insurance. Now, we are going to help you figure out how to compare two wheeler insurance.
- Check the company’s profile
Your two wheeler insurance is a long-term commitment between you and the insurance provider. So, it is essential to do a background check on the service provider. Some new insurance companies might offer you a pocket-friendly deal, but their short work experience in this field might endanger you, rather than protecting you. Always trust a reputed company when it comes to two-wheeler insurance. Do your research about the company and then decide. Look out for certain factors like incurred claim ratio of the insurance company, years of experience in the field and user reviews.
- Read out the features
One of the most important things to take into account while comparing two-wheeler insurance is the features, benefits and exclusions of the various two wheeler insurance plans. Make sure you read them thoroughly as well.
- Pay attention to coverage.
Compare the type of coverage offered by the different policy providers. Medical coverage, theft coverage, natural disaster coverage are the basic ones which almost every two wheeler insurance company provides. However, some go extra miles to provide better customer service by adding more features like free road side assistance, 24/7 helpline etc. So compare these factors before buying two wheeler insurance.
- Calculate the premium before making the actual investment
Once you are aware of all the features and coverage, the next step is to calculate the premium of the policy. Usually, all insurance providers have an online premium calculator on their website. Use it to calculate the premium of your two-wheeler insurance policy.
- Do the price comparison
When you have the premium amount of all the policies right in front of you, it’s time to check which one is giving you the maximum benefit with least investment.
Coverfox helps you compare the best deals for online two wheeler insurance and thus you can get rid of all the worries.