Renewing car insurance was a hectic endeavor in the past, but these days you can conveniently renew your car insurance third party online or any other car insurance policy you wish to renew. In this article, we will show you how to go about renewing your car insurance online.
Importance of Renewing your Vehicle Insurance on Time
Renewing your vehicle insurance on or before the expiration date will serve you in many ways and save you an uncalled hassle. For starters, you could avoid paying fines or penalties imposed by your insurer for any late or lapsed renewal. Renewing your car insurance on time is also essential for the following reasons:
- You will avoid losing your claim in the event of an accident to the insured vehicle or third-party liability.
- You will avoid the inconvenience of buying new car insurance if your original policy is nullified due to the time lapse in renewal.
- You will avoid having to pay fines imposed by traffic police if you are caught driving with an expired car insurance policy.
If you forget to renew your car insurance on or before the stipulated expiration date, you should immediately contact your insurer and schedule a survey for your insured car. You can renew your insurance once your insurance company has completed the survey and is ready to provide you with the policy you wish to take.
Online Car Insurance Renewal
Most insurance companies in India now offer their customers a chance to renew their third-party vehicle insurance online. It may be done using a desktop computer, laptop, or mobile device directly through the insurer’s website, mobile browser, or a downloadable mobile app.
Renewing car insurance online is a time-saving and cost-effective way of renewing your insurance policy. To use this renewal feature on your insurer’s website, you first need to register with them online by providing the required documentation. You will create a username and password which will enable you to access your personal account online, where you can keep tabs on your policy and renew your vehicle insurance when required.
A renewal option is often provided in the menu of your insurance company’s website. To renew your car insurance, you must correctly fill out the fields provided in the online renewal form when you click or tap on the renewal option.
Typically, you would be required to provide your details, such as your registration and insured car policy number information. Make sure to cross-check all the information provided in the relevant fields of the online renewal form with the referenced documents at your disposal. By doing so, you can avoid any miscommunication or oversight. Submitting the correctly filled car insurance renewal form will prompt your insurer to send a quote to your registered email.
Documentation for Online Vehicle Insurance Renewal
Whenever you need to renew your car insurance online, ensure that you are equipped with every document relating to your car insurance, including your claim papers. It is essential because your insurer will use your claim history to assign the No Claim Bonus on your renewed policy.
Some of the documentation needed in buying new car insurance or renewing your policy online include car details, such as the brand, manufacturing name, and model of your vehicle. You will also need to provide your car registration details, including the zone or city of registration, the date of first registration, and the RTO office address. Make sure you keep all documents in a secure and safe place, as they are vital to your car insurance renewal.
How to Pay for the Renewal of your Car Insurance Online?
The renewal of your third-party car insurance is only complete after you have made a payment. After submitting a properly-filled insurance renewal form. Your insurer will furnish you with a quote and link to a secure payment portal. There you will be able to pay for the renewal of your car insurance policy via the available online payment channels.
Depending on your insurance company, the online payment methods may include Netbanking or credit and debit cards. Online payment is a safe and convenient way to renew your car insurance, and your insurer will send your renewed car insurance policy documents directly to your registered email.
You should renew your car insurance whenever due in adherence to the mandatory legal requirement stated in the Motor Vehicle Act of 1988. It is possible to continue your car insurance online with a different company if you do not wish to choose your current provider. Renewing your car insurance online before it expires is the best way to go, as it is convenient, secure, safe, and time and cost-effective.