Why You Should or Shouldn’t Buy Motor Insurance from Your Dealer?

 

As per the Motor Vehicles Act, 1988, motor insurance is mandatory in terms of buying any sort of motor vehicle, be it a bike or a car. You can’t drive back home without having a motor insurance policy. When you buy a vehicle from a showroom, the dealer generally offers a motor insurance policy of their own. Choosing to buy motor insurance from a car dealer can be both beneficial and disadvantageous in terms of different aspects and perspectives.

Let’s find out why you should buy motor insurance from a dealer:

• The motor insurance policy offered by the dealer can be called trustable since you can always catch hold of your vehicle dealer if anything goes fishy.
• In terms of claims, you don’t have to run from one place to another to get help. Simply call your vehicle dealer in case of any damage or loss suffered and they will handle the rest.
• You don’t have to involve yourself or your time in finding any particular car insurance plan or a motor insurance company. Your dealer will do that job for you.
• In terms of renewal of your motor insurance policy, you can just call your dealer, just pay the money and your bike dealer will do the rest.

Let’s find out why you shouldn’t buy motor insurance from a dealer:

• When you buy motor insurance from your dealer, you don’t really know what coverage you are being offered, details of the policy.
• You can’t figure out whether it’s the best policy for your vehicle in terms of your own personalization and driving habits.
• You can’t compare the policy with other insurance provider’s policies to get a cheaper deal with higher coverage. You will have to go with whatever policy your dealer brings before you on the table.
• You won’t be eligible for any discount.
• Most important of all, you will never know if there’s any hidden costs or the real motive of the dealer

Now you have both the pros and cons of buying motor insurance from your dealer. Meanwhile, you can click here to instantly compare top motor insurance providers and avail the best coverage.