The Motor Vehicles Act 1988 makes it mandatory for car owners to have valid third-party vehicle insurance. In 2019, amendments were made to this act which has made the penalty and punishment for an uninsured vehicle or a lapsed vehicle insurance much stricter.
So, it’s crucial to renew your four-wheeler insurance on time. You can consider renewing your vehicle insurance online due to the following advantages it has over the offline process.
- Minimal Paperwork = Faster Renewal
The offline insurance renewal process often requires detailed paperwork, which makes the entire process slow. On the other hand, online car insurance renewal doesn’t require any paperwork. You just need to fill out and submit the online vehicle insurance application form with some necessary details about your vehicle. After that, pay the requisite fee, and your vehicle insurance will be renewed.
- Cost-Effective Insurance
When you purchase or renew car insurance online, you buy it directly from the insurance provider. So, there is no involvement of an insurance agent. As a result, the insurance provider saves on commission or brokerage charges on policies sold online. Moreover, it helps insurers save cost on other expenses such as rent, employees, etc., the benefit of which is often passed on to the insurance buyers. Hence, you can get a better price for a car insurance policy when you buy it online.
- Instant Renewal
You may have to wait for a few days to get your policy renewed offline because of the verification process involved. However, your car insurance renewal is done immediately after paying the renewal fees. You will receive an email from your insurance provider confirming the insurance renewal. Additionally, the insurer will send all the policy documents to your registered email.
- Ease of Renewal
A significant advantage of online car insurance is the hassle-free nature of the entire process. You don’t have to locate a vehicle insurance agent or pay a physical visit to the insurer’s office to renew your vehicle insurance. Instead, you can visit the insurance provider’s official website, go to the vehicle insurance renewal section, and complete the process right from your home or workplace.
- Easy to Customise
You can increase the scope of your comprehensive car insurance by including some important add-ons and paying an additional premium. For instance, add-ons like 24 x 7 Roadside Assistance, NCB Protect, Engine Protect, etc., can be instrumental in saving you a lot of money or time in the event of an accident.
However, determine the cost of including these add-ons to your insurance premium. This can be easily done when buying vehicle insurance online. Just tick the add-ons you want to include in your base plan. An in-built online calculator will automatically calculate the premium amount.
Therefore, you’ll get to know the extra amount to be paid in a few seconds and decide accordingly.
It must be clear by now that online four-wheeler insurance renewal has a clear edge over the traditional process. So, this can be high time you consider renewing your four-wheeler insurance online. Once you successfully renew your vehicle insurance online, you are unlikely to revert to the offline renewal process in the future.
