How to Buy Auto Insurance Online

What is Auto Rickshaw Insurance?

Auto Rickshaw Insurance is a type of commercial insurance that safeguards auto rickshaws (three-wheelers) against third-party liabilities, accidents, fires, natural disasters, and human-made calamities. Auto insurance online has made the whole process of buying, renewing and claiming simpler for the auto owners.

Under the Motor Vehicles Act of 1988, having insurance for auto rickshaws is compulsory in India. This means every auto rickshaw must have at least third-party insurance, which covers any damage or injury caused to other people or their property in an accident.

Types of Auto Rickshaw Insurance

There are two types of Auto Insurance available to provide financial protection to the auto rickshaws and drivers. Let’s discuss the types here:

1. Third-Party Auto Insurance

A third-party auto insurance plan only covers financial losses caused to another person or their property in an accident where you are at fault. It also protects you from legal expenses if the third party files a case against you for damages. This helps to protect the auto rickshaw owner from paying damages out of their own pocket.

2. Comprehensive Auto Insurance

A comprehensive auto insurance policy offers wider protection. It covers not just third-party damages, but also any damage to you and your vehicle. This includes losses caused by natural events like floods or man-made incidents like theft or fire. You can also choose from various add-ons to improve your coverage and have peace of mind.

Steps to Buy Auto Insurance Online

To buy auto insurance online from Square Insurance, you have to follow the steps below:

Step 1

Visit the official website of Square Insurance.

Step 2

Visit the PCV (Passenger Carrying Vehicle) Insurance section.

Step 3

Select your preferred Insurer from the available options.

Step 4

Choose Three-Wheeler Insurance as your vehicle type.

Step 5

Enter your vehicle’s registration number.

Step 6

Review and compare various auto insurance quotes.

Step 7

Select the insurance plan that best suits your needs and proceed with payment.

Step 8

After payment, your policy documents will be sent to your registered email address.

Why Buy Auto Insurance?

It is good to buy auto insurance if you are seeking answers to the following questions:

1. Worried about damage to your rickshaw?

Auto insurance can save you from paying a lot if your rickshaw gets damaged in an accident.

2. Want to follow the law?

Third-party insurance is mandatory in India. With auto rickshaw insurance, you can drive your rickshaw legally.

3. What if someone else gets hurt or their property is damaged?

Third-party insurance covers third-party damage costs, so you don’t have to pay out of your pocket.

4. Need extra protection?

A comprehensive plan gives you more coverage, including options like return to invoice and roadside assistance.

5. Concerned about passenger safety?

Auto insurance also covers injuries to passengers traveling in your rickshaw.

6. What about your own safety?

Comprehensive auto insurance plans offer personal accident cover of up to ?15 lakh for the owner-driver.

7. Running a rickshaw business?

Auto-rickshaw insurance helps protect your entire fleet and builds trust with your employees.

Inclusions and Exclusions of Auto Rickshaw Insurance

Here are the inclusions and exclusions of the auto rickshaw comprehensive insurance plan:

Conclusion

Buying auto insurance online is quick, simple, and hassle-free. By following a few simple steps, you can easily compare auto insurance quotes from different providers, explore coverage options, and choose a plan that fits your needs and budget. Always take the time to review the quotes carefully to ensure you're getting the best value and protection for your vehicle.

Buying an auto insurance plan online not only saves time but also helps you make a good choice with ease. So, if you have already decided to buy auto insurance online, connect with customer care at Square Insurance and get financial support for your vehicle.