Have you ever checked and compared your 4-wheeler insurance quotes online? If you have, you will come across premiums that differ across different plans. Additionally, car insurance prices are different when you buy from an agent or broker and when you buy online, directly from the insurance provider's website. Have you thought about why there is a difference in the rates?

Buying policies online always cost less, and that is why most of you prefer online shopping. The same holds true when buying car insurance online in India. When you buy the policy using the online platform, the prices are lower as compared to the offline method.

Following are the reasons to consider buying the policy online.

No distribution costs.

Offline car insurance policies get sold by middlemen such as agents and brokers. These middlemen charge a fee from the insurance provider for selling the insurance policies. The commission given to intermediaries gets claimed from you in the form of distribution costs. In the case of the online platform, however, there are no middlemen involved.

You can buy the policy yourself by eliminating the middlemen and their fees. It lowers the company's distribution cost, which, in turn, brings down the new car insurance prices

Various discounts

Online car insurance policies offer numerous discounts on premiums. For example, new insurance companies may give some deals on their website. The available discounts and their rates differ across policies. When you research online, you can search for the best discount rates available. The higher the discount, the lower would be the car insurance quotes. Thus, by allowing you to compare deals, car insurance online in India is cheaper than purchasing the policy offline.

Low operational costs

Online platforms remove the requirement of having physical insurance offices where you can buy the policy. The company creates its website and offers its plans online with a list of features and premiums rates. Additionally, the whole process of buying a car insurance policy is online. All these factors bring down the operational costs involved in issuing the policy. This decreases the operating costs results in lower car insurance quotes.

Easy comparison

Every car insurance policy offered by every insurer has a different premium rate. When you assess the available policy online, you can find a policy with ease with the lowest premium rates with the appropriate coverage. It is also another reason why purchasing online has a lower premium rate because it allows comparison.

You can choose the required add-ons

When you buy a policy offline, the middleman might offer a package of optional add-ons to your plan to increase the premium and, subsequently, the commission as well. Buying policies online, however, extends complete clarity. You can select the add-on cover that you require and remove the unnecessary ones.