Gone are the days when renewing a car insurance policy used to be a painful task. One had to make numerous phone calls, fix up a meeting with the insurance agent, visit the insurer’s office personally, and get the policy renewed. In today’s digital era, renewing your car insurance policy is extremely simple, and the same is possible online. With just a few clicks and inputting the necessary data, one can be assured that the vehicle will stay protected without having to visit the insurance office directly. Here, we will walk you through the details of how to renew motor insurance online and the steps you need to follow.
Details Required For Car Insurance Policy Renewal
Before you begin the process of renewing your car insurance policy online, make a checklist of all necessary documents and see that you have everything with you. This will help speed up the process and save you time in looking for the requisite information.
The list of required documents/details that you will need are:
- Full Name
- Residential address
- Your car’s make and model number
- Car registration number
- Previous policy number details
- Add-ons you wish to choose
- Payment details
Steps to Renew Car Insurance Online
Now, let’s look into how to renew car insurance online. The following steps will help you do so.
1. Select the Insurance Company
The first and foremost step is to decide upon the insurance company you feel is right for you. Ideally, the insurer that has the best pre- and post-sale service should be selected. Besides, you should also consider the coverage offered and whether it is fairly priced.
2. Decide the type of insurance
Select the type of insurance plan you wish to buy. There are two types of policies available in the market: third-party and comprehensive car insurance policy.
A third-party car insurance policy is mandated by law, where only third-party damages to property/person are covered. However, you may choose a comprehensive car insurance plan to cover your own damages as well.
3. Enter your details
You will need to fill out a form by entering your details for the car insurance renewal.
4. Select the Add-Ons
If you are choosing a comprehensive car insurance policy, you can select various add-ons the insurer offers to extend the scope of coverage. The commonly offered add-ons are —
Zero Depreciation: With this add-on cover, your car will be valued at its original value and not the depreciated value.
Roadside Assistance: With this add-on coverage, if your car breaks down in the middle of the road and needs to be towed, the insurance company will arrange for the towing and also pay for the same.
Engine Protection: This add-on helps to cover the engine when it needs to be repaired or replaced.
Return to Invoice: In case of theft or total loss, this add-on will consider the value of the car at the ex-showroom price.
NCB Protect: With this add-on coverage, you will be able to retain your no-claim bonus for making up to two claims in a policy year.
5. Make Payment
Based on the add-ons selected, your final insurance premium will be decided. Once you have gone through the same and accepted it, you will be taken to the payment portal. Upon successful completion of the payment process, you will receive a copy of your motor insurance policy on your email ID.
Conclusion
Now that you know how to renew car insurance online, you can easily do it in a hassle-free manner. Keep your car safe and insured, and stay on the right side of the law.