What is the Process of Renewing Car Insurance?

Car insurance is something that every driver needs to have, but it can be easy to forget about when it's not at the top of your mind. However, letting your car insurance lapse can have serious consequences, including fines, legal trouble, and even the loss of coverage altogether. That's why it's important to renew your car insurance policy and make sure you don't let it expire.

In this blog, you can learn everything about the renewal process.

What details are required to renew a car insurance policy?

You must have the following details handy before logging into the insurance provider's website:

Your name (as per the documents)

Your address (as per the documents)

Car make and model

Car registration number

Previous policy number

Add ons

Payment details

How do I renew my car insurance?

Below are the steps required to be followed to renew car insurance:

Compare car insurance.

The first thing you must remember to do is compare car insurance quotes with other companies. You can check their pre and post-sales quotes and decide accordingly. You can also renew with the same company, as this has the benefit of getting additional offers or discounts. The best way to compare car insurance is by using a car insurance premium calculator. It is available online and is easy to use.

Type of insurance

Now decide if you want to have third party car insurance or comprehensive car insurance. If you renew your car insurance, you already have one. If you have third party insurance, you can easily switch to comprehensive car insurance. Third-party insurance only protects you from third party damage (vehicle and person) and does not cover your car. However, comprehensive car insurance has extended coverage that protects you against all the uncertainties.

Also, comprehensive insurance helps you choose from the add-ons that offer you wider coverage — more than a comprehensive policy. However, you must remember that third-party insurance does not allow you to select riders or add-ons.

Fill in the details.

After you have selected the type of insurance you want to buy, you will see an online form in which you have to enter your details, such as name, age, location, car registration number, etc.

Select add-ons

You can add riders if you have a comprehensive policy. Several riders are available for your car: zero depreciation add-on, roadside assistance, engine protection, NCB protection, Return to Invoice (RTI).

Select payment

After filling in and selecting the add-ons, it is time to make the payment. You can make the payment via net-banking, UPI, BHIM, etc. Once you make the payment, the renewed insurance document will be sent to your registered email address. Once you receive the policy document, printing multiple copies for your home, wallet, car, etc, is advisable. This saves you from being an irresponsible driver.

Car insurance is not for life. Thus, you must renew car insurance, as it saves you from several adversities. If you do not have valid insurance, you won’t be able to get financial assistance to fight off the legal liabilities.