Nowadays, renewing your car insurance is also as simple as just buying new car insurance. You don’t have to make several phone calls or wait in a queue at the insurance company’s office to get your insurance renewed. While renewing your insurance, you also have the option to switch to a different insurer which provides better benefits to you at the same or lesser premium. Although the process of renewal is very simple and hassle-free, you should take care of certain things before you are going to renew your insurance or are thinking about buying new car insurance: -
Check the Insured Declared Value or IDV - Depending on the age of your car, the insurance premium amount may change, so get the IDV re-evaluated. This will not only help you in getting a better price, but you will also get compensated accordingly in case of theft or loss.
Do claims check - In case you are thinking of changing your insurer, always make sure to check the claims ratio of the previous insurer and verify it against any claims you have made.
Appropriate Coverage with your plan - If currently you only have third-party insurance plan, consider getting a better and comprehensive plan which will also provide you coverage against the heavy expenses incurred on your car if it meets with an accident.
Make sure to check Cashless Garages - Always check for cashless garages in your area when renewing your insurance plan with a different insurer so that you get the benefits of free repair for your car.
Check the discounts and other deductibles- When renewing the insurance plan, make sure to check if you have got all the discounts you are eligible for with the plan, just like you do when you buy new car insurance. A deductible is an amount that you are required to pay before every claim and if it exists, make sure that it fits your budget.
Get Add-ons with your insurance plan - There are many add-ons available with the insurance plans, and you should consider getting them. Add-on covers like Zero Depreciation, Engine Protector or Return to Invoice can help you if your car is less than 5 years old.
Here is how you can renew your car insurance online:
Once you have finalized your plan, you need to enter your details on the website of the insurance provider. Some details you need to be ready with while renewing your insurance are: -
1. Your Full name
2. Your Address
3. Car Registration Number
4. Car-maker and model
5. Previous Policy Number
Select the Add-ons that you want along with your insurance plan. Some of the common add-ons are: -
1.Zero Depreciation
2.Roadside Assistance
3.Return to Invoice
4.Engine Protection
5. NCB Protect
6. Loss of Personal Belongings
Once you are done with all the above steps, the final thing is only the payment. Complete the payment procedure and you will be done with renewing your insurance plan.
Renewing car insurance is as simple as buying new car insurance. Make sure you completely understand all the policy terms before you finalize the payment procedure for your insurance.
