Amazon Car Insurance: Can You Get it on Prime?
Amazon is known for its catalog of books, electronics and other online products. Recently, the online behemoth offered its first electronic auto insurance plan to online customers.
Although Amazon auto insurance is only available in India, you can still get affordable car insurance if you're a U.S. resident by using SmartFinancial's online insurance comparison engine. Just enter your zip code and we'll provide you with affordable quotes from local carriers within your region.
What Is Amazon Car Insurance?
Amazon's auto insurance is a new service offered by Amazon.com. Last year, the tech giant began offering car insurance coverage to two and four-wheel vehicles in India. It is the first time that Amazon has ventured into the auto insurance industry.
Amazon has partnered with Acko General Insurance Company Limited. Acko General Insurance is currently one of the nation's fastest-growing insurance companies. The Mumbai-based company opened its doors in 2016 as India's first digital insurer. Acko General Insurance also lists Amazon as one of its direct investors.
So far, the tech giant and its partner have sold more than 50 million unique policies to customers in the Indian auto insurance market. The insurance company promises that each customer can sign up for a new policy using a quick, two-minute process that's 100 percent digital with paperwork-free claims.
Amazon car insurance company also claims that it has low premiums and a paperwork-free claims process. Customers can file claims online and receive speedy claims. Other benefits include instant cash settlements for low-value claims. They also feature a one-year repair warranty for work performed on vehicles.
At a 2020 FinTech conference, Mahendra Nerurkar, Amazon Pay's chief executive and director in India, said the new venture may expand its coverage to taxis and airline flights. The auto insurance carrier will also consider adding healthcare insurance options in the future.
Does Amazon Offer Car Insurance in the United States?
Amazon doesn't offer car insurance in the United States or the UK. As of 2021, Amazon only offers car insurance to drivers in India.
Experts believe that the e-commerce giant will make a foray into the insurance industry in the U.S and other countries at a later date.
You can use SmartFinancial to compare Amazon's auto insurance policies once consumers can buy it in this country. Our tools will help you to find the most affordable car insurance quotes and coverage that matches your needs.
How Can You Get Auto Insurance Quotes from Amazon Car Insurance?
Indian drivers can get an Amazon car insurance quote by visiting the Amazon Pay page, mobile app or main website. Once you arrive on their site, you'll need to submit the vehicle number of your car or bike.
The company will ask for more information about the condition of your car or bike, then present you with a few insurance options at different price ranges.
How Consumers Can Sign Up for Amazon Car Insurance?
Amazon Pay is a payment service platform offered to Amazon consumers. It allows customers to pay for products and services from online stores or providers.
Indian customers can purchase insurance using their Amazon.com account, Amazon Pay or Alexa device. The company doesn't require additional sign-ups and promises that customers can track their transactions via their Amazon account.
It costs nothing for consumers to use Amazon Pay for transactions. Additionally, Amazon doesn't add additional membership, currency conversion and other fees to these transactions.
In addition to Amazon Pay, there are other eligible payment options that customers can use. They include:
- Credit/Debit Card
- Net banking
Auto Insurance Plans that Amazon Car Insurance Offers
Amazon offers third-party liability to Indian car insurance customers. The insurer also sells comprehensive motor insurance plans from their partners for cars and bikes. There are several coverage options that the e-commerce giant offers to customers.
1.) Third-Party Liability Coverage
India's Motor Vehicle's Act of 1988 requires all drivers to carry third-party liability for accidents that cause bodily injury, death and damages to third parties. When the policyholder has an at-fault accident, these policies provide coverage for damages and injuries to a third-party person.
2.) Comprehensive Plan
Amazon car insurance offers coverage for losses and damages to the policyholder's vehicle or bikes due to fires, theft, earthquakes and other causes.
Indian customers can manage their auto insurance policies or access information about their accounts using the insurance provider's online app. They can renew their car insurance coverage up to 60 days before your car insurance policy expires.
What Documents Are Needed to Sign Up for this Car Insurance Policy?
Since it's not available in the United States yet, these requirements will change. Right now, Indian residents don't need to submit any documentation other than the correct details of their motor vehicle and current insurance policy.
Are Special Discounts and Benefits for Amazon Prime Members?
Amazon Prime members can receive an additional motor vehicle insurance discount on their auto insurance premiums. Amazon Prime is a loyalty program that offers free shipping and other benefits available to its customers.
It currently costs Indian customers $13 a year. The corporation claims that Amazon Prime customers will be able to buy coverage at the lowest rate possible.
The car insurance company offers special benefits for Prime Customers. Amazon sells three add-on coverages that they offer to customers.
This auto insurance coverage allows people to get emergency services for their car or bike if it breaks down on the side of the road. Additionally, customers won't have to pay for minor repairs or towing costs.
This provides 1,000 rupees to policyholders if the repairs for the vehicle take longer than 12 hours.
This add-on replaces the vehicle's keys, after someone damages, loses, or steals them. It also pays for the cost to repair the lock-set if someone tries to break into a vehicle and breaks the lock.
Get the Cheapest Car Insurance Plans
Amazon car insurance is still not available in the United States, but there are online tools that can help you get affordable auto insurance quotes for yourself or your family.
For example, SmartFinancial has online insurance comparison tools that can help you find the best coverage at the cheapest prices. The service is completely free. Just enter your zipcode below, and you'll get quotes from local insurance agents within your area.