In our day and age, owning a car can make our lives quite convenient. With a four-wheeler, we can carry out our daily commutes, handle long-distance travel and remove our dependence on public transportation. Four-wheelers are one of the best ways to ensure a comfortable ride for our travels. However, it is important to protect our vehicles from the unpredictability of the roads. One of the most optimal ways to protect our cars is by getting car insurance.
Car insurance plans are designed to help you protect your four-wheeler from theft, natural calamities, accidents, etc. With a comprehensive car insurance policy, you get financial assistance if your vehicle is damaged or stolen. It can be quite helpful for dealing with the damage repairs cost. Additionally, you get coverage against the financial liabilities arising from third-party claims.
However, to ensure your car stays protected, you must get the car insurance renewed on time. Therefore, it is crucial to learn about the car insurance renewal date.
How To Check Car Insurance Renewal Date?
You can check your car insurance status through the steps listed below:
- e-VAHAN: You can visit the official website of VAHAN e-services and click on the ‘Know Your Vehicle Details’. You will need to provide your mobile number and create an account. You can then log into your account to check the insurance plan’s expiry date.
- Insurance company: You can contact your insurer or read through your policy document to learn about your plan’s expiry.
Therefore, learning about the insurance expiry date can be easy and helpful. Once you have learned about the renewal date, you can conduct the car policy’s renewal at your convenience.
Information Required For Car Insurance Policy Renewal
Before you begin renewing the car insurance plan, you will need to be ready with a few details. Holding these details with you will help you speed up your process of renewing the plan. Here is a list of all the details you will need:
- Your name
- Your address
- Car make and model details
- Car registration number
- Previous insurance policy number
- Add-ons you wish to include
- Payment information
Once you have these crucial details ready, you can follow the steps given below.
Five Steps To Renew A Car Insurance Policy
Given below are five steps you must follow to car insurance renewal in India:
- Research about car insurance companies: You must conduct a decent amount of research about the different insurance policies and companies available before finalising a plan. It will be optimal if you opt for a company that offers great pre-sale and post-sale services. The plan you choose should offer you the coverage you need at an affordable cost along with the services. It would help if you went online and did the research about the plan you may need.
- Select the type of insurance plan: Once you finalise a car insurer, after looking through the different companies, you must look through the products they offer. In this step, you’ll need to choose between either opting for a third-party insurance plan or a comprehensive car insurance plan. A third-party plan will protect third parties if they get injured, or their cars are damaged by your car. However, it won’t protect your vehicle from damages. In contrast, comprehensive car insurance will protect your vehicle and third parties. A comprehensive insurance plan is an essential plan if you wish to protect your vehicle and third parties.
- Enter necessary details: After you have finalised the type of policy for online insurance renewal, you must enter its details. For example, you will get a form where you will need to provide all the necessary details for car insurance renewal.
- Choose the add-ons: If you have chosen comprehensive car insurance, you can use the opportunity to include different add-ons to your vehicle. Add-ons can help you get insurance coverage for specific situations. With an add-on in your insurance policy for a car, you can improve your plan’s coverage. There is a wide selection of add-ons available in the market. However, you must carefully choose the add-ons for your plan, as they will lead to a hike in your insurance premium cost. Insurers like TATA AIG offer insurance calculators to help customers purchase the car insurance policy of their choice. The calculator will help you understand the clear breakdown of the insurance cost.
- Payment: After choosing the optimal insurance plan and the add-ons for your policy, you can go ahead with the payment. Your car insurance plan’s renewal cost would entirely depend on the plan you have chosen and the add-ons you have included. Once the payment is made, the insurance company will send you the policy document. Insurance companies allow customers to purchase a car policy online these days. With online payment, you will get the insurance document in your email after a few minutes of the purchase.
However, there can be instances where you may not have renewed your plan on time. What can you do in such situations?
Grace Period In Car Insurance
To help customers renew their plan after it expires, insurance companies offer a grace period. Once you have missed out on renewing your car insurance on time, the grace period will help you maintain your policy active and keep your accumulated ‘No-Claim Bonus’ safe. The grace period usually lasts for about 15-90 days, depending on your insurance company. If your policy is being held active during the grace period, it will help conduct the insurance renewal during this period.
Conclusion
If you own a car insurance plan, it is important to renew the plan on time. Renewing the plan will help you maintain the policy active and protect your vehicle. The steps for a car insurance policy renewal are quite easy and convenient. Many insurers also allow customers to renew the plan online through their official website.
