Team AckoMay 17, 2022
Initially, buying and renewing car insurance policy involved making phone calls, meeting up with the vehicle insurance agent or visiting the insurance office personally. And let’s not forget the most time consuming part: curating a bunch of hard copies required for the renewal. Now, car insurance renewal has become a cake walk. You can get it done in a few clicks. In this article, we will explain simple steps for online car insurance renewal.
Before you begin the renewal of car insurance policy, you need to be ready with a few details. Having these details with you will speed up the process. Here is the list of details you’ll need:
Car make and model details
Car Registration Number
Previous Policy Number
Add-ons to be chosen
Also, read: Motor Floater Policy
Here are five steps to renew your car insurance quickly:
The first step towards buying a car insurance is to choose an insurance company. Ideally, the company which offers excellent pre-sale as well as post-sale services should be chosen. Along with services, the insurer should also offer adequate coverage and fair prices. Reading online reviews will help while selecting an insurer.
Once you finalize a car insurance company after doing a car insurance comparison, log in to their website and find the relevant car insurance product. Here you need to decide the type of policy you want to purchase.
Car insurance policy can be of two types:
Third-party Car Insurance policy
Comprehensive Car Insurance Policy
A Third-party policy is mandatory by law and covers third-party liabilities. Whereas a Comprehensive policy covers third-party liabilities as well as own damage. Plus, you can enhance the coverage with Add-ons.
Select the desired type of policy for online car insurance renewal. Now you will require the details you kept handy. You will come across a simple form where you need to feed the details for car insurance renewal.
If you have opted for a Comprehensive car insurance policy, you can select Add-ons or covers to extend the scope of your basic car insurance policy. Commonly offered car insurance Add-ons are:
Zero Depreciation: With this Add-on, your insurer will not consider the depreciation of your car at the time of claim. Sometimes, depreciation can amount up to 50% of the claim value.
Roadside Assistance: This cover can prove to be a lifesaver if you are stuck in the middle of the road due to a breakdown. You can avail facilities like towing, minor repairs, fuel, battery jump start, etc. under this Add-on.
Return to Invoice: During theft or natural calamity, if your car is considered as “total loss,” you can claim the ex-showroom price of your car under this cover.
Engine Protection: You can claim the cost of repairing or replacing the engine of your car if damaged.
NCB Protect: You will be allowed to make two claims and still retain your No Claim Bonus, with this Add-on.
Consumable Cover: Usually the repairing/replacing cost of consumables in car insurance is deducted at the time of claim. However, with a Consumable Cover, this cost will not be deducted from the claim amount.
Loss of Personal Belongings: In case of theft of expensive belongings like smartphone or laptop from the insured car, the cost will be claimable.
Also, Read: Is it Safe to Buy/Renew Car Insurance Online?
After you are all set with the type of policy and Add-ons, you can proceed to make the payment. Once you make the payment, your job is done. Thus the process becomes simpler when one opts for car insurance renewal online.
When the insurer receives your payment, he will instantly send your renewed policy through email. Usually, the policy will be in a PDF format, which means no one can make changes in the softcopy of the policy.
Print multiple copies of the policy. Keep one at home and one mandatorily in your car. You can produce this copy when demanded by authorities. An online car insurance policy is a fully valid, legal document.
The Finance Ministry of India has issued a directive on 1 April 2020 saying that the renewal dates of vehicle and health insurance coverages extended to 21 April 2020. The policies which are eligible for the extension include those with renewal date which falls between 25 March and 14 April 2020. The extension comes amid the lockdown announced by the centre in the wake of the rising Novel Coronavirus infections in the country. This will bring some relief to policyholders as they have time to renew their policy without the policy being rendered as a lapsed policy. The move will ensure the continuity of the policy coverage despite lapsing the renewal date.
Want to post any comments?
93% Acko users save atleast ₹1,200 on car insurance
Car insurance starting ₹2,072*
You already have an Acko policy
Login to access your policy for this car
Can You Have Two Insurance Policies on the Same Car?
Team Acko May 20, 2022
Is a PUC certificate mandatory for vehicle insurance?
Team Acko May 13, 2022
Importance of cooling-off period in health insurance
Team Acko May 10, 2022
Understanding dental insurance in India: Cover, benefits, and claims
Team Acko May 6, 2022
Does health insurance cover brain surgery?
Team Acko May 6, 2022
ACKO General Insurance Limited
2nd Floor, #36/5, Hustlehub One East, Somasandrapalya, 27th Main road, Sector 2, HSR Layout, Bengaluru, Karnataka - 560102
We’re socially active!
Download our app
Bike Insurance Guides
IRDAI Registration No: 157
Category: Non-Life Insurance
The use of images and brands are only for the purpose of indication and illustration. ACKO claims no rights on the IP rights of any third parties. The ratings are derived from reviews and feedback received from Google and Facebook users on their respective platforms. | *Savings of upto Rs. 50,000 have been calculated on the IDV of Rs. 18,00,000 and 0% NCB. Amount saved is in comparison to tariff rates. Product name: Private Car Policy - Bundled | UIN: IRDAN157RP0014V01201819 |
Trade logo displayed above belongs to ACKO Technology & Services Pvt Ltd and used by ACKO General insurance Limited under License. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.