If you have every purchased a car insurance in the past, you might already know that it is only valid for a limited period after which you need to renew the insurance. If you are looking for expired car insurance renewal, consider these five most important things mentioned in this post.
If you own a car in India, it is compulsory for you to have valid car insurance as per the Motor Vehicles Act. The car insurance comes with validity, and you should renew the policy before it expires. While renewal of car insurance used to be a time-consuming process in the past, with the introduction of online renewal and purchase, the process is now quick and hassle-free.
If your car insurance has expired or is about to expire and you are looking to renew the policy, consider these five most important things mentioned in this post-
- Compare the policies
No matter if you are looking for expired car insurance renewal or want to buy a car insurance for the first time, it is important to compare all the options available. While this can now be done online with utmost ease, a lot of buyers just skip this step.
By comparing the available policies either from the same insurance provider or some other provider, you can buy a policy with better features and maybe at a lower price too.
- Contact your insurance agent
While it is recommended that you should get the policy renewed before it expires, we often fail to do so. If it has been a long time that your insurance has expired, there is a possibility that the insurance provider might charge a penalty for the renewal.
However, you can get in touch with the insurance company or your insurance agent as soon as you know that your insurance has expired to get the policy reinstated without paying any penalty.
- Do not drive the car if the insurance has expired
If your insurance has lapsed, it is better to avoid driving. While it might not be your fault but the smallest of damage to the car when you are driving with an expired insurance would require you to pay the repair expenses. And not to forget that if you get busted without a valid car insurance, the cops can fine you on the spot.
Rather than risking the safety of your car and paying a hefty fine, it is better to get the insurance renewed online which usually only requires about a couple of hours.
- Go through the features when renewing
When renewing a policy or when buying a new one, it is very important to check its features properly. There is a possibility that you might require some additional features while you skip the ones you no longer wish to use.
For instance, if you are paying a higher premium for a personal accident cover with the car insurance and you also have purchased a personal accident insurance, then you can skip paying the higher premium.
- Take advantage of the No Claim Bonus (NCB)
If you have not made any claims within the validity period of the policy, you get a No Claim Bonus (NCB) for the same. Using No Claim Bonus (NCB), you can easily get your premiums reduced. So, if you are eligible for NCB do not forget to claim it.
These are some of the things that you should surely check when getting a car insurance renewed. Choose wisely and spend some time on the process to get the best features at a lower price.