Drawbacks of buying Insurance from Your Car Dealer
When it comes to the four-wheeler, one should make no compromises at all. Even if it means spending a little extra, every car owner wants the best for their new toys, and nothing substandard comes in the way. And ensuring your car is a legal requirement in India if one wants to drive in the country. Most first-time car owners are in search of the Car Insurance Policy best suited for their car. And in excitement, they are mostly duped by their car dealers into buying Car Insurance, which may not be in the best interest of the car owner and four-wheeler.
Buying a Car Insurance Policy becomes easier when the car dealer bundles up any policy with the car sale. But there are a few disadvantages of buying any Car Insurance Policy from the car dealer, without giving it a second thought. As a car owner, they are unaware of the details of the policy and they do not put in the requisite time and effort in going through the minute details in the policy, the integrity of the insurer, amongst a few others.
Drawbacks of Buying a Car Insurance Policy From Car Dealer
It is ideal to have face to face conversations and clear your doubts about the policy and know every detail about the same, before making any final decision. Apart from the drawbacks mentioned below, there may be a few more, but these are the crucial disadvantages of buying Car Insurance from the car dealer.
- You Cannot compare with other policies: There are many policies available in the market that may be best suited for your car, but you may not get the chance to even go through them if you blindly end up buying the Car Insurance from your Car dealer. It is best to do your research and understand the terms and conditions of the policy before making the final call.
- Reduced Flexibility: Car dealers tend to have some sort of tie-ups or arrangements between car insurance companies, from which they directly benefit from. The car dealers are more interested in making a sale than understanding your needs. And, when it comes to choosing an insurer of your choice, you do not have the flexibility.
- Particular Add-ons: Chances are that you may not receive the best specific add-ons as per your needs due to the fixed cover. Or you may be offered a bundle of specific add-on that particularly does not meet your needs. And due to the rigidity, you may not have a say in the matter.
- Fixed cover: Since you do not have the opportunity to choose your insurer or compare the policy with the other policies in the market, you may not choose the inclusions for your car in the policy. And, the car dealer may already have a predetermined fixed cover for the car insurance as per the insurance company with which they have their tie-up.
Must Check
Also, Read
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Benefits of Multi-Year Car Insurance in the Long Run
Conclusion
Even though the age-old tradition is to buy insurance from the dealer, as times are changing, there are many other ways of buying a car insurance policy from your car. It is advisable to understand the terms and conditions of the policy, understand the coverage and choose the one that is best suited for your budget.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
