Last Updated : 2020-06-12 15:42:31
Listed below are the highest disadvantages of buying an insurance policy from your dealer. Note that these points are generic. It is suggested to possess a one-on-one discussion together with your dealer to create an informed choice.
No Policy Comparison- Nowadays, one can compare insurance prices easily online. You get to grasp the best-priced policy after comparing it. When you buy insurance from a dealer, you are doing not have the choice of comparing policies. You simply need to move with what the dealer is offering.
Rigidity- Most car dealers have a tie-up with an insurance underwriter. This makes them rigid. There is no flexibility when it involves choosing an insurer from your side. You would possibly have a preferred insurer but you may need to move with the insurer suggested by the dealer as they need a prearranged deal when it involves selling insurance policies.
Fixed Cover- Due to a scarcity of comparison and adaptability, you are doing not get to decide on the inclusions in your cover. Car dealers often offer a hard and fast cover when it involves a four-wheeler contract.
Specific Add-ons- The problem of a hard and fast cover is extended to the Add-ons offered also. You would possibly not be offered a full range of Add-ons or offered specific Add-ons as a bundle regardless of your need. This leads to a scarcity of appropriate coverage.
Missing Digital-first- Insurance Going ahead with the insurance offered by the dealer means you miss out on the benefits of choosing insurance online with digital-first insurers.
Conclusion- If you are yet to buy insurance suggested by your dealer, spend a while to research your insurance needs and check if the dealer can fulfill them. If the dealer cannot provide you with the coverage you desire, be at liberty to buy it online.
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