A car insurance policy must be renewed after its expiry. It serves as a financial safety net as it shields the insured car from an accident, natural catastrophe, theft, or accidental damage. Hence, to continue to get these benefits, you must get your four-wheeler insurance policy renewed at the right time, preferably before its expiry date. If you fail to do so before it expires, your four-wheeler will not have financial coverage anymore. This implies that in case your car undergoes any disastrous event, you will not be able to claim any amount for those damages to your vehicle, yourself, or a third-party.
Several insurance providers have made the vehicle insurance renewal process hassle-free with their online presence. All you have to do is navigate to the online platform of your insurance provider, enter the required information, and get your insurance plan renewed. You can get rewarded with multiple benefits like an easy application process, customer care guidance, 24x7 emergency services, and so on.
Several insurance companies are available on Bajaj Markets, allowing you to make a choice from multiple options. In order to find the best solution, you can compare them on the basis of their features and prices.
Insurance Provider |
Incurred Claim Ratio (2020-2021) |
Starting Premium |
Check Plans |
HDFC ERGO Car Insurance |
70.02% |
₹2094 |
|
Bajaj Allianz Car Insurance |
68.06% |
₹2094 |
|
Acko Car Insurance |
82.35% |
₹2094 |
Disclaimer: The premium rates are only estimates. The exact premium you need to pay may vary depending on a variety of variables. Please check the current premium rates before purchasing your auto insurance coverage.
The procedure of renewing car insurance coverage has become easy and instant. You may now renew your car insurance online while sitting at home or in a restaurant.
Here's a step-by-step approach to renew your vehicle insurance coverage.
Go to the official website or download the app of the insurance provider from whom you purchased you car insurance
Navigate to the "Car Insurance" section
Select 'Renew the Policy'
Provide all required information, such as current policy details, vehicle information, personal information, and so on
Choose the desired level of protection
Choose the appropriate covers (in case of a comprehensive car insurance plan)
Submit the required documentation and pay the cost of renewing your auto insurance
After the document verification, your new insurance policy will be authorised
Each industry is growing thanks to technological breakthroughs, and the automotive industry is no exception. To give their consumers a more streamlined experience in this digital age, auto insurance providers have also adopted new strategies. As a consequence, you may conveniently renew your car insurance online by visiting your insurer's website or getting their app from the Play store. Since you are not required to visit your auto insurance provider in person, it saves time and effort.
When the insured vehicle of third party results in property damage or third-party injuries, third-party liabilities are incurred. By covering your vehicle with third-party insurance, you may avoid facing financial hardships brought on by third-party obligations.
You may benefit from personal accident cover by insuring your automobile. The policyholder receives reimbursement under this insurance in the event of physical injury, death, or disability while driving the vehicle.
Car insurance firms give insight to customers when it comes to vehicle insurance renewals, making it easier for you to make an informed decision. Furthermore, the premium payment method is secure, and you will not face any fraudulent risks.
To always stay insured, you must renew your car insurance coverage before it expires. However, there are a few things to keep in mind while renewing your car insurance:
Offered coverage in your car insurance policy is the foremost element that you should look for.
When renewing your auto insurance, be careful to verify the amount insured and determine whether you need to raise it or not as the appropriate sum assured enhances your safety.
Check for add-ons to receive additional benefits.
Look for network garages that will assist you in seeking help in the event of emergencies.
Keeping cashless claims in mind during the renewal process is important.
Getting a car insurance policy renewed is an important step towards getting your financial future secured. It not only protects you from financial liabilities but also allows you to live a stress-free life. If your car insurance policy expires, it may result in a higher insurance premium as well. Besides, if a third-party individual gets involved in case of a casualty associated with your insured car, it may result in legal issues. Hence, it is advisable to get your car insurance policy renewed prior to its expiry date.
Yes. You may renew your car insurance after its expiry. You can contact the insurer or visit its website to know the charges.
Depending on the terms and conditions specified forth in the policy, the grace period for renewing a vehicle insurance coverage might range from 15 to 30 days.
Yes, you have the choice to switch vehicle insurance companies when you renew your policy.
Yes, it is safe to renew a car insurance policy online. Moreover, it is the easiest method as it saves your time and effort.
It will take just a few minutes. You are only required to choose an insurance policy and pay its applicable charges. Following that, your car insurance policy will be activated and the details will be sent to your registered email ID.
Here is the list of necessary documents required for car insurance renewal.
Identity proof
Address proof
Driving license
Vehicle registration number
A copy of the car's registration certificate
Passport size photograph