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All You Need to Know About Renewing Your Long-Term Car Insurance

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Car insurance policies, contrary to popular belief, come with a validity period of up to 3 or 5 years too. These plans are called Long-Term Car Insurance. They offer the same benefits as the one-year plan for the same premium. One of the major advantages of the long-term insurance plan is that you can save a lot of time and money.

After the policy period, you can get your policy renewed online either from your existing insurance provider or a new one. Renewing your long-term car insurance policy can help you Long-Term Car Insurance all your accumulated benefits like the no-claim bonus, policy coverage, etc.

How to Renew Your Long-Term Car Insurance Online? 

Back in the day, car owners lined up in front of their insurance companies to renew their policies and make the payment. Thanks to technological advancement, all the insurance providers have established their online presence.

This has made all the proceedings of the car insurance policies simpler and much easier. Listed below are the steps to help you renew your long-term car insurance policy.

Step 1: Visit the website of your current or preferred insurance provider.

Step 2: On the homepage, under the ‘renewal’ tab, click on the ‘four-wheeler’ tab. Enter the required details like your policy number, registration number of your car, fuel type, variant, etc.

Step 3: If you are getting your policy renewed from a new policy provider, enter the details of your policy expiry date along with the name of your previous insurance provider. You can also mention the claims made during the policy period if any.

Step 4: After you submit it, you will be expected to fill in your personal details like name, mobile number, type of policy you would like to choose, add-ons, if any, etc.

Step 5: After you double-check all the filled-in details, click on ‘Submit’ and get your quote for the requested policy type.

Step 6: Once you get the quote, you can make the payment using your credit/debit card or other net banking facilities available. After the payment is made, you will get a copy of your policy forwarded to your registered email address.


What are the Benefits of Renewing your Car Insurance policy? 

Car insurance renewals are not just a mandatory procedure, they also bring in quite a lot of benefits. Listed below are the benefits of renewing your car insurance policy:

  1. The first and foremost benefit of renewing your long-term car insurance policy is that it keeps you protected and your policy active.
  2. Renewing your policy on time can help you lock up your accumulated benefits such as No-Claim Bonus (NCB). This will help you save a lot of money on the premiums.
  3. In case you are not satisfied with your current insurance provider, you could get your policy renewed from a different insurer and stay protected.
  4. Policy renewal allows you the option to alter and modify your policy and its add-ons, as per your current needs and requirements.
  5. The Government of India has mandated the possession of a valid insurance policy for all vehicle owners. Renewing your policy can save you from hefty fines and punishments.


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