Buy or Renew Car Insurance? Keep these things in mind.

When you buy a car, there are some of the services that you get free for a particular period of time. Some of the services are, trouble-free repairs if your car meets with an accident which results in any sort of damage.

Not only this, but you also get some value-added services as many dealers offer financing facilities as well as motor insurance coverage by the help of tie-ups with banks, non-banking financial companies as well as insurers.

As a matter of fact that all these can offer you a smooth car-buying experience, you should give more care at the time of choosing a motor insurance policy. 

Things to keep in mind before car insurance

Let me give you a brief of some merits and demerits of purchasing a car insurance from a car dealer. 

1. You can have your car insurance in the same place. You don’t need to rush to find any other insurance provider.
   

   credit:google

2. A car dealer will possibly know your vehicle along with its specifications. So, they will help you to have that particular insurance policy which is the best for your car. Also, you can have a customised service from car dealers, adding any sort of help on insurance claims and other services. 

3. Car dealers may basically offer only a few insurance policies. Some car dealers are also rigid and do not allow to compare policies from any other providers. This limits the flexibility that the clients may have at the time of purchasing/renewing their motor insurance.

4. Car dealers also demand high commissions on every insurance policy. The director of Probus Insurance Broker, Rakesh Goyal said that the car dealers have a financial incentive to sell you car insurance and due to which they make their profits on higher priority than your interests.

ALSO READ:ChatGPT can help you to reply WhatsApp Messages, Know How ?

5. Car dealers may not give you the entire details about their insurance policies. According to Raghuvendra Rao, the chief distribution officer of Future Generali India Insurance said that you may not listen to the advice agents and other intermediaries seriously at the matter of insurance policies.

ALSO READ:US Universities Changing Their Studies Patterns Due to AI Chatbots Use