Home / Articles / Car Insurance / Ditching your old car insurance company? Here’s what you must know:

Ditching your old car insurance company? Here’s what you must know:

Team AckoJun 24, 2022

Not everything can be replaced at will, though this is not true for your car insurance company. You don’t have to be stuck with bad services forever. Even if you choose to, the agony will be over within one year. But if you are keen to switch your car insurance company A.S.A.P, we have some things for you that you should know before pulling the plug on your old insurer.

Ditching your old car insurance company

1. Current Policy Should Be Canceled

Current Policy Should Be Canceled

Changing your car insurance company does not mean that you simply buy a brand new policy. You are probably halfway through your current policy, the benefits of which might still be intact. You have spent your hard-earned money on this policy. So, make sure you cancel the current policy before shifting to another and you may even get a refund for the remaining period.

2. Transfer the No Claim Bonus

Transfer the No Claim Bonus

If you have not made a claim against your car insurance policy in the previous years, you might have accumulated something known as a No Claim Bonus (NCB). When you switch your insurer be sure to ask for an NCB Transfer Certificate from your current car insurance company. This will enable you to enjoy the NCB in car insurance policy with the new insurer.

3. Know What Went Wrong

Know What Went Wrong

To avoid the hassle of switching insurers, again and again, find the key reason for what went wrong with the previous one. Was the company providing unsatisfactory services? Were the employees not trained enough? Was the policy too costly? Once you are ready with the answer, you can easily solve the issue by conveying it to your new insurer.

4. Research Is the Key to the Best Policy

Research Is the Key to the Best Policy

If you are looking for the best car insurance policy, you need to invest some of your time into research. You need to know your exact requirements. Your policy should reflect your needs. The cost, features, and services should be in accordance with what you require or expect from your car insurance policy.

5. Is the New One Good Enough?

Is the New One Good Enough

Just as you need to research your requirements, you also need to be 100% sure that your new car insurance company is the best one you can afford. Your new insurer should provide excellent pre and post-sales services, offer a feature-rich policy, and have a good reputation in terms of reviews and ratings.

You Got This!

You Got This

With the above things kept in mind, you can easily become a car insurance expert! If you are not satisfied with your current insurer, you do not have to suffer more, just take the leap towards a better one.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet; and is subject to changes. Please go through the applicable policy wordings for updated ACKO-centric content and before making any insurance-related decisions.


Want to post any comments?


93% Acko users save atleast ₹1,200 on car insurance

Car insurance starting ₹2,094*

Insure Now
T & C apply*

Buying a new car?

Click here!

You already have an Acko policy

Login to access your policy for this car

ACKO General Insurance Limited

2nd Floor, #36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102

Download our ACKO app now!

CIN: U66000KA2016PLC138288

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.