Dealer insurance can be costlyFor the insurer, a car dealer is a point of sale and the best placed to sell car insurance. So, what the dealer typically sells is a comprehensive car insurance policy, consisting of these two covers. “The overall payment to dealers or insurance intermediates who have a tie-up with dealers or manufacturers can be as high as 40%. It has in the past fined insurers for overpaying intermediaries and paying commissions to unlicensed car dealers for soliciting insurance. So the next time you go to buy a car, don’t settle for the car insurance that the dealer offers.

Source: Mint February 20, 2017 11:45 UTC