Bike Insurance Online a Hassle-Free Process

Are you afraid of buying bike insurance online?

I’ll admit, it can be a bit scary. Whether it be two wheeler insurance, life, health, or another vehicle, online policies were considered a risky matter a few years ago.

But, the picture has drastically changed. India had more than 180 million digital buyers in 2017. From property to food, everything is available online, and people trust those products as much, if not more, as the ones from their reliable offline vendors.

So, if you were to, say, buy an online Bajaj Allianz bike insurance policy, here’s why I’d say it’s a brilliant idea.

1. Two Wheeler Insurance Rates Are Cheaper Online

A decade or so ago, insurance brokers weren’t an unusual sight. Nor were the hefty bills that went into their pockets as a brokerage fee for advising people about the best policies.

The online system eradicated the need for an agent/broker. Today, if you buy online bike insurance, Bajaj Allianz two-wheeler one, for instance, you pay less. Why?

• No agent fee added to the premium
• No paperwork expenses
• No operational costs for tasks like couriers, document handling, etc.

If you’re young with a clean driving record, insurance companies can offer you less expensive policies. That’s because they consider you a safe bet, i.e., less likely to die or get injured on the road.

2. Comparing Bike Insurances Online Is a Piece of Cake

Maybe, you’re buying a new policy. Or you’re looking to switch vendors at the time of bike insurance renewal. Either way, your needs will vary when compared with those of your friends and family members.

Insurance is a matter of clear choices. It depends on what you need, are eligible to receive, and can afford. Your aim should be to get the best policy with the most extensive coverage in your budget. 

Insurance companies let you compare different policies on several parameters. 

• Payable premium
• Tenure of the policy
• Additional riders (like accident cover, road assistance, etc.)
• Claim settlement record
• Assured sum 
• Maturity benefits
• Flexibility to change assured amount at the time of policy renewal

They also offer two wheeler insurance premium calculators, so that you can assess if you’re getting the most cost-effective deal. 

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3. You're in Charge of the Process

In the case of online bike insurances, you’re on the wheel. There is no broker besides you to help with or meddle in the process. Although, there are benefits as well as drawbacks to an agent. 

Drawbacks

• Brokers can sell you unnecessary riders just to increase their commission
• Company captive agents will only offer the vendor-specific deals, which you may not even need
• They may use jargon-full language that you may not understand
• A callous broker can make mistakes while filling forms on your behalf, which will ultimately hamper the service you’ll receive from the insurer

Benefits

• Insurance agents are licensed experts on different policies, their loopholes, and advantages
• They, especially independent agents, offer unbiased opinions as opposed to brokers who are affiliated with a particular insurance company
• Agents are known to help you settle the claim in case of a mishappening
• They work with your schedule

Without a broker to help you research two wheeler insurance online, you’d need to pay attention, understand clauses, benefits, and basic functioning of the policy. But then, you’ll be free to buy a Bajaj Allianz bike insurance policy copy if you please. No need to argue about the same with anyone.

As for the advice, you can just call the toll-free assistance and get your doubts answered. The websites are designed with informative content to help you figure out what’s what.

4. You Get to Deal with Less Paperwork and More Informed Deals

Because of the lower operational and distributional costs, the premium expense goes down. Often, insurers also offer increased sum assured. 

You can judge the policies with the help of online reviews and compare benefits from different insurers. You can talk to the customer representatives on the phone if you need assistance. Many insurers also offer a live chat option where you can speak with a customer service agent online, 24*7, and ask for help regarding policy doubts. 

The paperwork is minimal if any at all. You can complete the purchase process from your home, via the internet. Hence it’s cost-effective as well as time-saving. The process is fast, mostly competently designed for your convenience, and hassle-free.

There Are Hitches, of Course, so Keep Them in Mind

If you aren’t careful, your mistakes (a misspelled name, wrongly typed bank account detail, ignored personal information, etc.) can cost you the settlement. You have to double and triple check the bike insurance policy details to ensure everything is right and in place.

The online system is competent. It suits the rushed lifestyle, demands less time, offers secure payments, and quick claims when needed. But of course, everything depends on the insurer you choose and the policy you pick. So, so it carefully.