Car Insurance Renewal Online

Is it that time of the year when you need to renew your car insurance and you are confused about whether to go for a new one or stick to the current insurer? Now that’s a tricky decision to make but don’t worry we will make this decision simple for you.

Let’s first understand all about car insurance renewal. 

A car insurance policy may offer protection against damage, theft, riots and strikes, terrorism, and other natural calamities. Continuing the insurance cover of your bike beyond the date of expiry of the policy is defined as Bike Insurance Renewal.

Now, here is when you get a window for thinking. For a certain period, when you know that the insurance company will not be adjusting your rate when it's time for renewal, you can look for new options.

Should I Do Car Insurance Renewal with the Same Insurer or a New One?

You actually have both the options here, either go with the same insurer if you are satisfied with the experience, claim procedures, transparency, customer support or go for a new one. Which one to choose entirely depends on your experience and insurance needs. 

Renewing your car insurance policy on time is crucial for several reasons:

1. Compliance with Law: Driving without valid car insurance policy is illegal in India and can result in penalties. 
2. Ensures Continued Coverage: Not doing car insurance renewal on time will result in policy lapse, meaning you won’t be covered financially in case of any mishap.
3. Prevents Financial Liability: Without an active insurance policy, you would have to cover all the repair expenses out of your pocket.
4. Hassle-Free Renewal: Renewing on time also ensures a smooth process as you don’t need additional inspections or paperwork.

Step 1: Login to Digit App or website and go to the ‘My Policy’ section.

Step 2: Select the policy pending for renewal and click on ‘Renew Policy.’

Step 3: Next, select the IDV, add-ons and confirm the details, then click on ‘Pay Now.’

Step 4: You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

Documents Required for Car Insurance Renewal

• Full Name
• Address
• Car make and model details
• Car Registration Number
• Previous Policy Number
• Add-ons to be chosen
• Payment details

There are several factors to keep in mind when going for a car insurance renewal. Paying attention to them will ensure that yearly renewals fetch you an ideal level of cover. Some of these factors have been given below:

1. Policy type

Know the policy types, it is very important to know the options you have to make an appropriate decision. If you had only third-party car insurance, at the time of renewal you can opt for a comprehensive car insurance plan depending on your changing insurance needs.

2. Review your insurer

Research about your insurer, check everything possible to avoid any regrets in the future.

3. Add-Ons

Choosing the right add-ons along with your policy can give you maximum benefits. Some of these are, Zero Depreciation cover, NCB cover, Invoice Protection cover and Engine Protect cover. Learn about car insurance add-ons and choose the right ones.

4. Claim procedure

This is very important; this process should be super-fast and hassle-free. Check the claim history of the insurer from all the sources possible.

5. Compare rates online

Go online to compare the rates, you can also renew your policy online, there are varied options available. The best part of buying/renewing policy online especially with us is there is no paperwork involved, just put your details online and you are sorted.

6. Right IDV

Right IDV plays an important role in choosing or renewing the policy. Higher the IDV, higher is the compensation at the time of unforeseen situations.

7. Make sure your car insurance doesn’t lapse

Always renew your car insurance well in advance to avoid paying hefty penalties. Also, it’s a big risk to take your car out without a valid insurance policy, so to avoid all this make sure to renew your policy before time.

8. No Claim Bonus

If you had a claim-free year, you will get a no claim bonus discount from your insurer. This discount amount is deducted from the total premium to be paid by you. Now the cherry on the cake here is, this bonus if you plan to change your insurer gets transferred to the new insurer.

9. Network of Garages

You must check the network of Garages the insurer has to ensure you have a protection in case of any unexpected roadside mishap.

10. Customer support

24/7 customer support is important, check if the insurer provides that.