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✓4000+ Network Garages ✓24x7 Spot Assistance ✓Quick Claim Processing | Buy a Acko or Bajaj Allianz Car Insurance Cover Starting at ₹2072/year*

Car Insurance Renewal

If you are a car owner, car insurance is not a choice, but a necessity! And, while your comprehensive car insurance policy takes care of the accidental damages caused to your car, so you can rest assured, third-party car insurance is mandatory as per the Motor Vehicle Act, 1988! Hence, it becomes all the more necessary to own a car insurance policy. Having said that, the policy tenure of a typical car insurance plan may be 1 year, 3 years or 5 years, which is why it becomes equally important to keep an eye on the expiry date of the plan. After all, you do not want to get stuck in an emergency without a comprehensive car insurance coverage. Hence, timely car insurance renewal is extremely important. Wondering what could possibly go wrong if you miss renewing your car insurance plan? Read on to understand why you should consider car policy renewal.

Why Should You Renew Your Car Insurance Plan

Not renewing car insurance means missing out on continuity benefits. And, you don’t want to be stranded on the road without a financial cover in case of an emergency. So, here are 3 key reasons why you should consider renewing your car insurance plan!

  • Third-party car insurance is mandatory as per law

As third-party car insurance is mandatory, you do not want to be caught driving an insured car. Hence, timely car insurance renewal is a must!

  • Natural & man-made disasters could strike anytime

Disasters and emergencies don’t come with a warning! And, with car insurance by your side, you are always prepared for the worse. In such a scenario, having a valid car insurance policy is a must when claiming your policy.

  • NCB benefit could lapse

NCB or No Claim Bonus in car insurance is like a reward offered by the insurer for not making any claims in the previous year. You surely don’t want to lose out on the same. Hence, timely car policy renewal is important to keep your NCB benefit intact.

How to Renew Car Insurance Online?

Finserv MARKETS makes motor insurance renewal very simple, quick and hassle-free. All you have to do is follow a few quick steps and get your policy renewed within no time!

  • 1

    Head on the Car Insurance renewal page

  • 2

    Enter your registration number and mobile number

  • 3

    Provide your previous policy details

  • 4

    Check your renewal premium

  • 5

    Make an instant online payment

  • 6

    And, you are done! Just download your policy copy

Types of Car Insurance Plans offered on Finserv MARKETS

Insurers today, design and offer the most ideal insurance products for customers that best-fit their needs. And, the car insurance plans available on Finserv MARKETS are no different. You can pick the plan of your choice as per your needs.

1. Third-party Car Insurance

With third-party car insurance in place, you need not worry about accidental damages done to a third-party property or the injuries caused to the third-party due to your car. This also includes a basic personal accident cover for the person driving the car. The personal accident cover insures you against permanent disabilities and even death. With a financial coverage that takes care of your car’s third-party liabilities, you need not worry about the financial burdens following an accident. Moreover, as Third-party Car Insurance is mandatory as per Motor Vehicles Act, 1988, you don’t have much of a choice but to get insured as driving an uninsured car could result in a penalty or in worse cases, even imprisonment.

2. Comprehensive Car Insurance

While you would want to go for a third-party cover that takes care of your third-party liabilities and ensures that you are on the right side of the law, a comprehensive car insurance plans offers an all-round financial protection with coverage for both, third-party cover along with own damage cover. Although you have to pay a slightly higher premium amount for a comprehensive car insurance plan over a third-party one, it is a highly recommended plan. Moreover, with a financial cover for damage due to natural and man-made calamities and theft, this plan is indeed the most ideal financial security you need.

You can get an instant quote for the plans available on Finserv MARKETS by using our car insurance calculator. It will give you an estimate of the premium amount of your chosen car insurance policy. That way you will be in a better position to select the policy coverage that fits your budget.

Best Car Insurance Plans at Finserv MARKETS

Bajaj Allianz Car Insurance

Parameter

Highlight

Claim Settlement Ratio (CSR)

With a CSR of over 95%, Bajaj Allianz General Insurance is one of the most trusted insurers

Network Garages

With cashless claims at 4000+ network garages Bajaj Allianz General Insurance ensures that your immediate repairs are taken care of, that too in a cashless way

Claim Settlement

With a simple claim settlement process and quick service, Bajaj Allianz General Insurance has your back

Add-on covers

With several add-on covers offered with Bajaj Allianz Car Insurance, you can enhance your coverage effectively

Roadside Assistance

Bajaj Allianz Car Insurance offers 24*7 roadside assistance, being your 3 am friend

Acko Car Insurance

Parameter

Highlight

Claim Settlement Ratio (CSR)

Acko General Insurance holds a claim settlement ratio of over 95%, making it one of the trusted choices

Network Garages

With a wide network of cashless garages across the country, Acko helps manage car damages seamlessly

Claim Settlement

Acko Car Insurance offers a 3-day claim guarantee (in select cities) for minor repairs, so you need not have to wait for your quick needs

Add-on covers

Acko Car Insurance comes with additional riders that are designed to help you go an extra mile, when it comes to your car’s protection

Roadside Assistance

With emergency roadside assistance, you are never stranded on the road

Benefits of Renewing Car Insurance at Finserv MARKETS

Trusted Financial Partner

Finserv MARKETS continues to offer value to various customers with a plethora of financial products and services. It’s time you enjoy the benefits too!

Multiple Options to Choose From

With a choice of Car Insurance plans from trusted insurance partners made available to your on Finserv MARKETS, you need not look any further

Hassle-free Renewal

The digital platform on Finserv MARKETS is designed to make things easy for you! With a quick renewal process, your policy is sure to reach you in hardly any time.

Things to Keep in Mind while Renewing Car Insurance

Is your car insurance due for renewal? If you are wondering where to start off, here are some important things you need to keep in mind while getting your car insurance renewed:

  • Type of Car Insurance Plan

Although third-party car insurance is mandatory as per law, you need not restrict on getting this plan. You can go ahead and select amongst the basic third-party car insurance and the all-round comprehensive car insurance as per your requirements and your budget.

  • Research is Important

Before picking the plan of your choice, make sure to go ahead and research about the plans available online. With platforms like Finserv MARKETS that offer plans from multiple insurers, you indeed have a chance to make the right choice as per your needs.

  • Keep a Check on the Renewal Date

When your car insurance is due for renewal it is important to get it renewed before the expiry date in order to continue benefitting from the plan. Moreover, car insurance companies in India offer No Claim Bonus benefit to customers who file no claims in the previous year, provided the car insurance plan is renewed on time.

  • Depreciation of Your Car

The coverage of your car insurance plan will also depend on the current market rate, or IDV of your car. Hence, it is important to keep the depreciated price of your car in mind.

  • Add-on Covers

While you get your comprehensive car insurance plan renewed, you can also choose to enhance your financial protection with the different add-on covers available such as zero depreciation car insurance or roadside assistance cover, etc. Simply select the add-ons available with the plan you go for during the renewal process. With an additional nominal premium amount for the add-on covers, you get added financial protection for the unwanted accidental damages. 

FAQs on Car Insurance Policy Renewal

  • ✔️Can I switch from my previous insurance provider during car policy renewal?

    Yes, you can definitely switch from your previous car insurance policy to the ones available on Finserv MARKETS. Just follow quick steps and get your policy renewed.

  • ✔️Will I be able to enjoy NCB benefits if I miss the renewal date by a day?

    Usually, car insurance providers provide a grace period post the expiry date for you to renew your car insurance policy even if you happen to miss the due date. It is then vital to get your policy renewed within that time, failing which you would lose out on the NCB benefits.

  • ✔️What are the documents required during car insurance policy renewal?

    The car insurance renewal process on Finserv MARKETS gets done with minimal documentation, so you need not fall prey to the unnecessary paperwork.

  • ✔️Will I get discounts during car insurance policy renewal?

    You can enjoy discounts on premiums during motor insurance renewal if you are eligible for NCB benefit which is offered to customers having a claim-free policy year.

Our Happy Customers

Our Happy Customers

3.8out of 5

3 reviews

Great Platform!

Finserv MARKETS made car insurance renewal so easy and seamless. The process was simple and I got my policy within no time!

Easy Renewal Process!

With the easy car insurance process on Finserv MARKETS, I could get my policy renewed at my convenience, without missing the due date. Very satisfied.

Best Plans!

I wanted to switch from my previous insurance provider to a new one. Car insurance plans on Finserv MARKETS offered great value for money and were a perfect fit for my budget.