Mankind nowadays is in the age of convenience. Every human being prefers to spend mental energy rather than physical in the mundane tasks f day to day life. This need for convenience has given birth to a veritable slew of inventions and pioneering techniques that help mankind achieve that goal. Online banking is one such pioneering technique. It involves using a secure website to process and execute any query or transaction required by the consumer from the comfort of his/her home.
Another step up this invention ladder is the new concept of online auto insurance. The old ways have been digitalized and it is no longer necessary for insurance customers to stand in long queues and fill out forms or spend their hard earned money on an agent’s commission. The process has been boiled down to a few simple clicks where all you have to do is visit the insurance company website, log onto your account and after filling the necessary details; renew your insurance and pay for it via your credit or debit card. A few examples of insurance companies that provide these services follow:
Bajaj Allianz comes as one of the top results of a Google search for insurance companies that offer the online banking option. The website itself is easy to use and quite user friendly. They provide you with 4 options namely;
“Get quote for a new vehicle”
“Renew existing Bajaj Allianz vehicle insurance”
“Renew non Bajaj Allianz vehicle insurance”
“Buy from previous quote”
The premium costs for vehicle insurance on Bajaj Allianz is one of the lowest; however one of the drawbacks of the website is that most internet browsers show it as insecure when a customer tries to click on the ‘Buy Online’ option.
Icicilombard is also a big name in the auto insurance business. The website provides relatively quick service for its users in terms of both online policy quotes and online renewals for your vehicles insurance. The website also offers a toll-free number that users can use to get in touch with company representatives and an option for the company representative to call the user.
Royal Sundaram insurance covers most of the basic points on the subject and their website is quite simple and user-friendly. They also provide the ‘Get a quote service’ and ‘Chat with us’ service, however their number is not toll-free, which would be seen as a major disadvantage in this world of telecommunications.
Iffco Tokia offers the quote and online insurance facilities similar to other online insurers. However the website has a different format from most insurance companies and is has little to offer in the user-friendly department. The website due to its format is slightly complex and offers no toll-free number to call on neither an option for an agent to call the user. It also lacks the ‘Chat with us’ option.
Tata AIG Insurance
Tata AIG insurance website also features a different format compared to other insurance companies, however this does not reduce any user-friendliness and is fairly easy to use and access. Many people regard their premiums costs to be too high in comparison to the other auto insurers out there. They also feature 3 options where the customers can have an agent call them, or the users can themselves call the company or send them an SMS and an email option as well.
HDFC Ergo also has a good site structure and is decently user –friendly. However when it comes to the option to buy insurance online, the site becomes hopelessly time consuming and complex. Their toll-free number service also needs some work as it is not as detailed as one would expect. Their premium costs however, are quite good.
Bharti Axa has quite a comprehensive website and also has good auto insurance coverage. The coverage is similar to that of Iffco Tokio in terms of cashless claims and claims settlements. In addition to this, they also have a toll-free number for users and the ‘chat now’ option to get in touch with a representative.
Chola Insurance has one of the simplest formats and is very user-friendly. They have all the necessary options including a toll-free number and ‘Live chat’. The premium costs are relatively inexpensive and the coverage is comprehensive.
Future Generali also has a simple site design but lacks much detail in terms of motor insurance. They do however have toll-free assistance and decent coverage. The premiums offered by Future Generali are moderately good.
That concludes the list of the 10 best insurance providers that have online insurance coverage. We, at Cardekho hope you find this story helpful in your dealings with online insurance renewal.