An insurance policy for a car is necessary as a car is a luxurious commodity that is often prone to damage. According to the Road Transport Act 1987, it is compulsory for all car owners in Malaysia to have a valid car insurance and road tax, both of which need to be renewed on a yearly basis. I’m Yuna and today i will tell you the 5 reasons why buying car insurance online is a smart choice.
The primary reason why you can choose taking an online insurance plan for your car as it is quite cheaper from the plans available offline. In general, offline car insurance plans are controlled by agents who may charge a certain commission to the insurance company for selling their product. The scenario is different in case of online policy purchases where you only need to pay the required processing fee and no extra expenses. Thus, you save your money by purchasing a policy online as it involves 0% commission charges.
Before purchasing a car insurance plan, you must compare it with the other available alternatives. You can do the comparison of premiums easily online from the convenience of your home. The online comparison helps you save a lot of time too while thoroughly looking into various plans in a short period. You can visit Fincrew.my to compare different plans offered by different companies in a few steps.
Offline car insurance plans comprise of a lot of paperwork which you need to fill-up during the purchase. This is a time-consuming process. Moreover, you have to make sure no errors occur in any paper while filling the documents. Online plans are smart to purchase as you can correct any errors and fill up the online proposal forms with minimal or no paperwork.
Every car insurance plan has a specific validity period, after which it needs to be renewed. In the case of offline plans, you will need to talk to the agent and pay him the renewal charges to renew your plan. Whereas, if you renew a car insurance online, you can pay digitally in no time and in a hassle-free and secured manner.
Online purchase of an insurance plan is a transparent process. Thus, it has no chances of manipulations of any kind, be it your premium amount or policy terms.
Malaysians now have a choice to buy and renew insurance online. The prediction is the insurance industry will grow in Malaysia in the next decade. And while insurers have several insurance options, they are restricted by access to these insurer options. By providing online insurance services, the Fincrew platform enables customers to buy and renew insurance online. With this, Malaysian have more insurance providers to choose from, better price quotes on policies, increased flexibility on the insurance, purchase insurance quickly, removing the need for a middleman, and much more. When you know your options, it becomes possible to get the best insurance in Malaysia for you. As a leading insurance marketplace in the country, we provide you with the hard data you need to compare insurance in Malaysia and make the best choice for yourself.