Online Car Insurance Renewal In 5 Simple Steps
Many people buy car insurance online or offline with their new vehicles but require assistance in keeping them active. Furthermore, many must know that the Motor Vehicles Act of 1988 mandated basic third-party liability insurance. You must avoid driving with a lapsed insurance policy and breaking the law.
If you forget to renew your policy before the policy term expires, the insurer will consider it null and void, and your vehicle will be unprotected. Most people refrain from renewing their car insurance policies due to the time-consuming process. However, this is no longer the case because you can purchase or renew your car insurance policy online using your laptop, desktop, mobile device, and so on.
Here are five simple steps for renewing your car insurance online –
- Select the appropriate insurer:
No hard and fast rule requires you to stay with your current insurance provider. The insurer from whom you purchased your original policy does not have to be the one who renews it. During renewal, you can always choose and opt for a new insurer. If you need help deciding on an insurance company, you can compare policies online to see if there are better options.
- Provide all necessary information:
The cost of your car insurance is determined by several factors, including the make and model of your vehicle, its age, the city in which you live, the number of add-ons you’ve purchased, your claims history, and so on. To get the ideal premiums, you must correctly fill out the details mentioned above at the time you renew car insurance.
- Choose an appropriate plan:
A third-party liability policy will only protect you from damage caused to a third party. As a result, it is prudent to choose a comprehensive car insurance policy that protects you and your vehicle in the event of an accident, theft, or natural disaster.
A comprehensive policy allows you to purchase add-ons such as engine protectors, key and lock replacement, 24-hour spot assistance, and so on. However, remember that while this improves your current car insurance policy, it also raises the premium you’d have to pay. As a result, avoid purchasing unnecessary covers. Choose your plan wisely and set up car insurance policy renewal reminders on time.
- Continue with the payment procedure:
The following step would be to pay for your policy purchase. You can pay with debit/credit cards, net banking, online wallets, EMI, and other methods. After you’ve paid, the insurance company will email you your car insurance policy information.
- Read the policy document:
You should review the contents of your policy document to ensure that the information provided is correct. A soft copy of your car insurance policy is an important document. If you notice any discrepancies in the details, notify your insurer and have them corrected. Remember only to drive once the updated policy is delivered. You must complete these steps before driving your car on public roads.
A pro tip would be to not wait until the policy’s expiration date. When you renew your car insurance online, it takes little time. If you renew the policy after it has expired, it is referred to as a break-in policy. In such cases, your vehicle may be subject to inspection.
However, most insurers offer a 30-day grace period if you fail to renew your policy. If you do not renew this policy, even within the grace period, you will forfeit your accumulated NCB. As a result, remember to renew your car insurance policy.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
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