In India, the Motor Vehicle Act 1988 mandates that all cars be covered under at least a third-party insurance coverage. Hence, every time your car insurance is about to expire, you need to renew car insurance so that it does not lose its coverage. Apart from the mandatory insurance requirement, keeping your car covered with a suitable insurance policy at all times also comes with numerous benefits today, the top one’s protection against unanticipated risks, medical cover, easy NCB claims, and elimination of detailed vehicle examination before policy purchase, among others. You can now do car insurance renewal online. Online renewal for your vehicle comes with a bunch of benefits too. Let us take a look at them one by one.
Benefits of Car Insurance Renewal Online
Given below are some of the major benefits of doing four wheeler insurance renewal online –
- A quick and convenient renewal that saves time
When you renew car insurance online, you are refurbishing your 4 wheeler insurance whose coverage starts right after the existing policy expires. This allows your vehicle to remain insured without any gap between the renewal time. An online renewal process only makes doing all of this simplified and convenient through a few steps. Also, since the renewal completes fast, is mostly paperless, whereby the entire process saves time as well.
- Easy to customise the new policy
Another benefit of doing car insurance renewal online is that you can easily customise the new plan as per your requirement. When renewing the policy online, you simply need to choose the new add-ons that you would require with your policy to derive the needed coverage benefits. When choosing your add-ons, keep track of the impact on premium as well since each add-on increases the policy premium by a margin.
- Completely secured process of renewal
The process of car insurance renewal online is completely secure. For one, all policy-related details are available in one place. Hence, individuals can make an informed decision regarding their purchases. Plus, when making payment for your policy premium, you can do so through a secured gateway of your selected insurer. This ensures that the one purchasing the policy remains safe from being exposed to fraudulent risks.
- Transparency
The online process to renew car insurance facilitated by various insurance providers is also kept transparent. With detailed policy information available in a few clicks only, individuals can be assured of zero ambiguity in policy purchase or claim processes.
- Switching between insurers simplified
The process of car insurance renewal online has also simplified switching between insurers easily. In case you come across an insurance provider that offers better coverage at a lower cost, choosing that insurer for policy renewal is only made convenient.
- Convenient transfer of No Claim Bonus
Plus, the online process to renew car insurance has also made the process to transfer the No Claim Bonus simple. Transferring your NCB to your new policy takes much lesser time than the offline process.
With these many benefits and more, it is only prudent that you renew car insurance policy online. Before making the final renewal, consider whether to go with the same insurance policy or choose and upgrade to a new one with better coverage and a lower premium. Based on the coverage benefits of your existing insurer, you can better compare them with other insurers in the market. Once decided, proceed to make a fast hassle-free car insurance renewal online.
