How to ease out your car insurance renewal process?

1. Car Insurance Renewal

2. How to ease out your car insurance renewal process? Car cover is mandatory in India. Since it’s a yearly cover, customers have to deal with car insurance renewal each year. It a herd’s mentality that whatever insurance you own is the best for your car, but it’s a wrong approach. Over a year things can change a lot. Your car might save fuel or there may be some wear & tear of car parts. Thanks to the online sites that come to your rescue as you can now save hundreds of bucks using comparison sites, wherein you can compare it in terms of policy & products, features & discounts, payment and hassle free claim procedure. Compare various plans and buy hassle-free car cover now.

3. Comparing car policies at the time of car insurance renewal save substantial amount of money giving better coverage options and improving your relationship with the insurer. Since, comparing manual is a daunting task you can do it with comparison sites anytime and anywhere at the place of your convenience. Comparison can save upto 40 to 45% on car cover along with add-on like riders and benefits on your plan. So, make an informed purchase. Compare online and know your car insurance plan properly before buying. While having a car insurance renewalthere are few factors that should be considered such as: • Car Value • As and when year pass on car value depreciates, therefore, it is better to get a quote on this and see the amount of coverage you can bank upon.

4. Check Features Always glance through the features. There are many you may wish to add or chuck out from your policy. Eg Road Side Assistance (RSA) is not a mandatory one; you can skip RSA cover through the insurer and lower your premium. So, go through well before the features and then renew your policy each year. • There are many benefits; a price hike in this period is saved upon, if at all you meet an unfortunate accident you get well covered etc. Policy Expiration Don’t wait for your existing policy to expire and then run pillars to post for renewal. Instead renew it at least 30 to 40 days in advance.

5. No Claim Bonus These are those rewards that you get for not claiming your policy throughout the year. You can accumulate it as much as 50 to 60% which is a healthy amount to reduce your premium. It is advisable don’t claim your policy for petty things like minor scratch or dents instead let the amount be accumulated for higher claims or reduction on premium value. Read Fine Print There are hundreds of changes each year in policy terms and conditions. Go through it in detail understand how your policy cover you under different scenarios. If you are renewing your policy online on an aggregator website, always remember to check the details on the website of the insurance company as well.

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