Motor insurance renewal done online in 5 simple steps

Motor insurance is mandatory by law in India. It is a punishable offense to drive a vehicle without a valid insurance policy. It is also against the law to drive with an expired car insurance policy, as per the Motor Vehicles Act,1988. Driving without insurance is not only a legal mistake but also a financial one – in the event of a mishap, you won’t have coverage to back you up. Hence, every vehicle owner needs to renew their car insurance policy on time.


Thanks to the internet, everything has become more convenient, including buying insurance. Now, you can also renew your car insurance online from the comfort of your home. The following article will guide you through the motor insurance renewal process online.

 1.    Choose the insurance company - It is not necessary that you stick with the same insurance company during renewal. There are several great options in the market that provide good deals. Insurance renewal opens opportunities for you to switch policies or get better features added to the previous one. Do make sure to carry out a fair comparison between providers and study their market reputation before taking your pick. You can use aggregator websites for help. While comparing, don’t forget to take into consideration factors such as premium, coverage, claim process, cashless repair, and other services offered by different insurance agencies.

 2.     Decide the add-ons - During the renewal process, you can also strengthen your policy coverage by opting for add-ons. These add-ons include zero depreciation, engine protection, emergency assistance, key replacement, accident cover, road assistance, return to invoice, and more. However, you must choose your add-ons carefully as they directly affect your insurance renewal premium. The more the additional features, the higher will be your insurance cost. So, conduct careful research on what add-ons you need before renewing your policy.

 3.     Fill the details - Once you have decided on your insurance policy and add-ons, you need to visit the provider’s website to either buy or renew your policy. If you are sticking with the same insurance company, you will have to fill up the online motor insurance renewal form. It might already have a lot of your details auto populated once you enter your old policy number. However, if you are renewing your insurance by opting for a new provider, make sure to have all your details ready before heading to their website. These details include your ID as well as your vehicle make, model, and registration information.

4.     Make the payment - You can easily pay for the renewed car insurance policy online via credit card, debit card, UPI, or net banking. After you submit your filled motor insurance renewal form, you can proceed with the payment. On successful payment, you will receive the renewed policy at your registered email address within a few minutes.

5.   Review the renewed policy- Once you receive the policy, verify and check the contents to make sure that all the details are correct. If you notice any errors regarding the policy, contact your insurance provider to get the necessary changes made.

Take your time to carefully analyze the various options before you go through with motor insurance renewal online. This will ensure you do not make a hasty decision. Also, do renew your policy before the expiry date. Drive safe and take care.


Comments

  1. InsuranceonlineJanuary 8, 2021 at 3:51 AM

    Thanks for sharing the blog, seems to be interesting and informative too. Could you help me to find out more details on 4 Wheeler Insurance

    ReplyDelete
  2. Bike InsuranceJanuary 22, 2021 at 5:49 AM

    Thanks for sharing the blog, seems to be interesting and informative too. Online Two Wheeler Insurance

    ReplyDelete

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