Renewing 4 wheeler insurance is crucial to car maintenance. After all, when you’re working so much to keep things smooth, you want to ensure it keeps going despite life’s surprises without denting your pocketbook. Car insurance covers accidents, natural disasters, thefts, fires, and legal issues.
Car insurance policies last one year or more, and you must renew them before or on the expiration date. Online vehicle insurance renewal is possible even if your policy has expired.
What happens when your car insurance expires?
Car insurance policies expire. You lose all benefits when it expires!
- No loss compensation –
Car insurance is bought or renewed to cover unexpected car damage and losses. If your car insurance policy expires, you won’t be compensated.
- Legal penalties –
Since third-party car insurance is required by law, many car owners get it. Car owners without one may be fined.
- Lose your no-claim bonus –
No-claim bonuses* are familiar to vehicle insurance policyholders. No-claim bonuses* would reduce your vehicle insurance renewal premium if you didn’t make any claims the year before. You must renew before your coverage expires to receive the advantage. You will lose the rewards if you continue your 4 wheeler insurance coverage after it expires.
If you renew your comprehensive auto insurance coverage after it has expired, you must self-inspect again. You can make this easier with smartphone-enabled operations but renewing your comprehensive auto insurance coverage will still take longer if you do not renew it on time. Therefore, renewing car insurance early or on time is ideal.
Advice: It is wise to evaluate the premium price for both first purchases and renewals by checking a new car insurance calculator online. It may help with finding ideal prices for desired benefits.
How to renew expired auto insurance online?
Using an online or offline mediator of desired car insurance type and car insurance prices, follow the below steps for renewal:
- Step 1: Enter your vehicle’s make, model, variant, registration date, and city. Press “Get Quote” and select a plan.
- Step 2: Select Third-Party Liability Only or Standard/Comprehensive Car Insurance.
- Step 3: Write about your previous insurance policy: expiration date, last year’s claims (if any).
- Step 4: Generates your car insurance premium. Select auto insurance add-ons, specify the IDV and indicate if you have a CNG car to customise a Standard Plan.
Why buy/renew car insurance?
- Cashless Repairs at Network Garages.
- Vehicle IDV customisation
- 24/7 Service
Considerations for lapsed car insurance
If your car insurance expires soon, renew it promptly. We understand if it takes a while. You may need time to compare auto insurers or do your background check and self-inspection. If your car insurance has expired or isn’t active, here are some safety tips.
When renewing online, choose long-term insurance to avoid renewals for a while. Renewing your car insurance requires your car paperwork, so keep an online new car insurance calculator handy to make the most of the policy with appropriate benefits.
If you are driving in India, you must have an active car insurance policy. Therefore, you should renew your policy on time. If it expires, you can renew it by following the above steps. Don’t put off renewing your expired car insurance any longer. A car insurance online check will help in staying on top of this decision.
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply
(* Standard T&C Apply)