What Should You Do When Your Car Insurance Expires?

Your car insurance is more than just a piece of paper; it's your financial safety net that protects you against hefty car repair bills and third-party liabilities, such as death/injury or property damages, in case of an unfortunate accident, offering peace of mind. But what if you reach for your car insurance document only to realize it has expired? Well, fret not. Here's a step-by-step guide to help you navigate this situation and get back on the road securely.

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Things to Do When Your Car Insurance Expires

1. Stop Driving Right Away!

   Driving without insurance is like a game without rules! It is dangerous! You might get a fine from the police or even have your driving license suspended if you drive without proper coverage! So, park your vehicle in a safe place and do not drive unless you obtain the insurance first. It is not only money but also a matter of law!

2. Don't Delay Renewal

   Just like you put down important exam dates, put down your insurance renewal date on your calendar along with reminders! The earlier you get around to fixing it, the better! It's like a piece of homework - if you put it off, it escalates into a bigger issue! Also, if you give them a while, the insurance provider may want your car checked before renewing your insurance, something that can be a bit of a hassle!

3. Don't Delay Renewal

   If you see that your four-wheeler insurance is near its end, proceed to renew immediately. You may call your insurance provider directly, or check if there are renewal options online.

4. Contact Previous Insurer

   First, get in touch with the insurance company from where you initially obtained your car insurance. They will help you in renewing your policy with ease since they already know your vehicle. Moreover, they might have sent you a reminder for your car insurance renewal!

5. Explore Your Options (Don't Just Auto-Renew)

   Just as you compare rates on your favorite treats, it makes sense to compare various companies. Perhaps a different company has a better rate, or perhaps more things you require are included. That is where Policybazaar.com comes in! It's sort of like a giant internet store where you can compare various companies' coverage side-by-side and pick what works best for you and your family vehicle.

   When you are comparing various insurance options, these are things to consider:

   • Type of Coverage: Does the policy offer adequate coverage for third-party liability, own damage, and personal accident?
   • Insured Declared Value (IDV): This is the current market value of your car and the maximum amount you'll receive if it's a total loss. Ensure it's accurate.
   • Add-on Covers: Explore useful add-ons like zero depreciation, engine protection, roadside assistance, and NCB protection.
   • Premium Amount: Compare the premium amount against the coverage and benefits offered.
   • Claim Settlement Ratio: A higher claim settlement ratio indicates the insurer's efficiency in settling claims.
   • Customer Reviews: See what other customers are saying about the insurer's service and claim process.

6. Provide Accurate Details

   Be sure to provide accurate information about your vehicle and yourself when purchasing new car insurance. If not, this can lead to complications when making a claim later on.

7. Know What You're Purchasing

   Before you pay, ensure you are clear on what is covered by your four-wheeler insurance plan and what isn't. Don't hesitate to pose questions!

8. Pay Safely

   After selecting a plan, pay using a secure means. There are secure methods of payment through most websites and companies.

9. Keep Your Documentation in Order!

   Once you've paid, you'll receive your renewed car policy. Keep a copy on your phone as well as a hard copy in your vehicle, in case you ever need to see it.

The Upside of Timely Car Insurance Renewal (or Even Early)

• Uninterrupted Coverage: Your vehicle is never left unprotected.
• No Further Inspection: You are unlikely to have to get your car inspected again.
• NCB Remains Intact: If you didn't make any claims in the previous year, you get NCB (No-claim Bonus), which is a discount on your renewal premium.
• Peace of Mind: You can drive knowing you're following the rules and are protected.

How to Quickly Renew Car Insurance Online?

Car insurance renewal online is a hassle-free and quick process. You can do so either from the official website of a desired insurance company or from an insurance aggregator like Policybazaar.com. Here are the steps:

• Visit Policybazaar.com and select ‘Car Insurance.'
• Enter your car number & other details.
• Now, from multiple quotes shown, choose a plan that suits your requirements.
• You can also opt for any add-ons you may need.
• Now, make the premium payment via netbanking, UPI, or debit/credit cards.
• Upon successful payment, you will instantly receive your renewed policy on your registered email address.

The Simple Truth

Forgetting to renew your car insurance might be a minor oversight, but is significantly risky. Don't worry, it is an easy fix! Just follow these simple steps, and Policybazaar.com will guide you to get the right plan so you can drive back on to the road, safe as well as legal!