Car-owners must renew their motor insurance after expiry. If the insurance policy is not renewed within the grace period, it becomes void, and individuals stand to lose all benefits.
Motor insurance companies usually provide a grace period allowing individuals to renew their policies. One can easily renew a car insurance policy online. The following sections provide a detailed guide on car insurance policy renewal online.
Step-by-step guide to renew your car insurance policy online
Here’s how individuals can renew their car insurance policies through the online platform:
Step 1: Visit the official website of the insurance provider.
Step 2: Go to the section for car insurance policy renewal.
Step 3: Provide details of previous motor insurance policy, such as policy number, chassis number, engine number, and registration number.
Step 4: Review policy details and check policy renewal premium. Now, proceed with the payment. Individuals can pay online with credit cards, debit cards, or net banking.
Points to remember during car policy renewal online
Car-owners should keep the following points in mind while opting to renew their motor insurance policies online:
- They should ensure that the insurer is providing the correct IDV of their vehicles.
- Insurers should provide customer assistance services
- The insurer must have a high claim settlement ratio
- Car insurance policy renewal offered by the insurer is user-friendly, hassle-free and instant
Benefits of renewing car insurance policy online
When it comes to renewing a motor insurance policy, the online process can be more beneficial than offline renewal. Some of the significant benefits of renewing car insurance online are as follows:
- Swift and simple
The process to renew your expired car insurance policy online is quite simple and quick. One can get the renewal done instantly from the comfort of their home with just a few clicks. They do not need to drive down to the insurance office or call an insurance agent. The process is paperless, thereby reducing hassle.
- Easy customisation
One can easily customise motor insurance policy coverage and enhance it by opting for different add-ons to the plan. Car-owners can go through the list of add-ons to include as per their requirements and budgets simply with a few clicks.
- Secure process
The online process of car insurance renewal is secure and straightforward. One can make informed decisions per their preferences. Moreover, the online payment method comes with secured gateways that offer fast transactions without any risk of data leakage.
- Easy to change insurer
One can change car insurance policy providers while renewing their policies. The first-time car insurance policy is usually purchased from car dealers. Individuals can change their insurers later on. The process to change insurers online is even more convenient. They can browse through all available car insurance providers online, compare amongst all insurers and then opt for one that aligns with their budget and requirements.
- Quick transfer of No Claim Bonus
Individuals can transfer their No Claim Bonus while renewing their car insurance policies. The transfer process becomes faster and more convenient with the online process.
While visiting the insurance company can be a tedious process, one can instantly renew a car insurance policy online through the official website of insurance providers. The online process is simpler, less time-consuming, hassle-free and transparent.
Read More:- Identify the best car insurance policy and important points to remember
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