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Get your car insurance in 5 minutes

CarDekho and Coverfox come together to help users get car insurance in under 5 minutes

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Sonal Desai
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MUMBAI, INDIA: CarDekho, an auto portal and Coverfox, online insurance provider have partnered.

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Under this partnership, Cardekho.com will offer its customers auto insurance from Coverfox, in its on-going focus to provide comprehensive information and services around cars, reducing the time to obtain car insurance to 5 minutes.

Besides helping Cardekho.com customers to use the Coverfox platform and get instant renewal of their car insurance, with a choice of all top insurance companies, this partnership also helps CarDekho bring the same ease and convenience to its car dealer network in booking insurance via Coverfox for their customers at the point of sale.

Amit Jain, CEO, Cardekho, said, “Cardekho is more than a car listing portal; we intend to create a 360-degree experience for our customers, who choose their car with ease on our website but then have to go through the hassle of traditional insurance rituals to get their vehicle covered. Our partnership with Coverfox will help us create value for our used car dealers and customers alike, by providing them a single-step resolution to all their insurance buying needs.”

The used car market exceeds the new car market in India. An industry survey states that for every 100 new cars sold in India, 110 pre-owned cars are sold. The used car market is growing at around 20-25 percent CAGR and is predicted to grow 4x in the next four years while the new passenger vehicle production is expected to increase to 10 million in FY20 from 3.2 million in FY15, as per IBEF.

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