A 7-step guide to getting a four-wheeler insurance policy

Four-wheeler insurance policy

Online 4WD Insurance has eliminated the complicated and time consuming paperwork that was previously involved in purchasing insurance. Now you can immediately visit the official website of the famous insurance company to buy or renew car insurance in a matter of minutes.

If you are a first time insurance buyer, here are the steps you should follow:

1. Select the type of policy

The Car insurance policies are of two types –

A third party car insurance policy:

Under the Indian Motor Act, third party insurance is mandatory. This type of policy covers only third party damages and losses.

Comprehensive car insurance policy:

With a comprehensive policy, you get coverage for your damages as well as third party coverage.

So, the first step is to decide if you want a comprehensive insurance policy by a third party or a four-wheeler. Look at the table below to decide which one is right for you.

2. Choose the add ones with your comprehensive car insurance policy

If you have chosen an all-inclusive policy, you will then be prompted to choose any add-ons you may prefer. While there are many add-ons, note that each add-on comes at an additional cost to your premium. Here are some additional functions you can consider.

  • zero coverage
  • Back to Cover Bill (RTI)
  • Engine Protection Cover
  • tire cover
  • Personal loss coverage
  • key protection cover
  • roadside assistance cover
  • No Claim Bonus Protection Cover
  • Consumables cover

3. Select the reputable insurance company and choose the policy

The next step is to choose a reputable insurance company. Focus on these factors while comparing insurance companies:

  • The reputation of the insurance company in the market
  • Claim Settlement Ratio
  • Claim process
  • Cashless garage network
  • Customer Support

Most major insurance companies now offer different types of four-wheeled insurance plans. Browse through the options to select the one that best suits your requirements. Consider points like-

  • Benefits and Features
  • Excellent
  • Policy coverage
  • Additional packages available
  • Inclusions and exclusions

4. Check policy documents

Once you have chosen the insurance policy, be sure to first check the policy documents before moving forward. Make sure the policy delivers what it promises. Pay particular attention to all inclusions and exclusions of the policy to understand them thoroughly. Understanding the policy in detail will help you choose the best and protect you from any inconsistencies in the future.

5. Provide basic information

You are no longer required to provide any documents to purchase or renew 4WD insurance online. All you have to do is provide basic personal details about yourself and your vehicle. But make sure you have access to documents such as the RC book, driver’s license and the original invoice for your car.

This is because you will be asked to provide details such as the make and model of your vehicle, RTO, chassis number, date of purchase and manufacture, etc. to buy insurance. However, with an insurance company like IFFCO Tokio, you can enter your personal details and your vehicle number to see which policies you can purchase.

6. Make an online payment

Once you submit the details, then you can go ahead and pay the policy premium online. Most insurance companies accept payments through debit/credit cards and online banking. The process for renewing insurance on four wheels is similar as well. One additional step is to provide details of your current/expiring policy.

7. Get a copy of your document

When you complete the payment, you will get a digital copy of your insurance on your verified email ID within minutes. Once you have the policy, be sure to check it for any inconsistencies. For this, you may want to keep the Registration Certificate (RC) of your vehicle in front of you. Make sure the following details on your policy match the RC of the vehicle.

  • Make and model of your car
  • Engine Capacity
  • Confirmed name
  • Vehicle identification number
  • Your car registration number
  • Engine or chassis number
  • Once you match these details and you are OK, check the following as well
  • Policy start and end date
  • Insured Insured Value (IDV) for the vehicle
  • List of add-ons (if any is selected)

Once you check the details, take a printout of this and keep it in your car. You can also ask the insurance company to send you the original document to your registered address by courier.

Buy new car insurance online

Buying car insurance online should not be difficult even if you are doing it for the first time. If you have some basic experience using the internet, you should be able to purchase insurance without any difficulty. Even renewing four wheel insurance online is very convenient and fast.

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