Purchasing car insurance is more of a necessity than a choice if you want to safeguard the car, the driver, and any third parties. Furthermore, the significant requirement to purchase or renew car insurance is highlighted by the increase in traffic accidents.

In India, vehicle insurance is also mandated by law. Anyone using a vehicle without valid motor vehicle insurance can face penalties such as fines and/or jail time. Thus, it is of utmost importance that you renew your car insurance in time. Given that now you can do car insurance renewal online, there is no reason to miss the date or postpone the process.

Benefits of timely car insurance renewal

The primary benefits of car insurance renewal online are as follows:

• Damage or loss sustained to the insured vehicle is covered: You are covered if your car is harmed in a collision, a fire, or by self-ignition. Additionally, your insurance coverage covers losses caused by terrorism, strikes, riots, burglary, or theft of the vehicle. The fact that car insurance covers loss or damage while being transported by inland waterways, train, road, lift or air, is an additional perk.
  
  
• Insurance coverage for personal accidents: A further benefit of your decision to renew car insurance is that it provides personal mishap coverage for a set sum. Protection against accidental death and permanent total disability is offered by personal mishap insurance.
  
  
• Coverage of liabilities sustained by the third party: In case of an accident that causes loss or damage to a third party, your car insurance will keep you covered against the third-party liabilities. Additionally, your car insurance shields you from any liabilities you may incur in the event of a third party's death or bodily harm.
  
  
• You can opt for add-ons: It is possible you are not entirely satisfied with your current insurance plan offers. You can choose add-ons or riders that broaden your insurance coverage when your policy is renewed. You can buy from a wide range of add-ons like covers for accessories, engine protection, zero-depreciation cover, etc., depending on the provider you select.

Things to Know Before you Renew Car Insurance

Here are some top tips you must keep in mind before going for your car insurance renewal online:

• Check the type of vehicle insurance: Despite the fact that third-party vehicle insurance is mandatory in India, a vehicle owner is free to decide whether to purchase a comprehensive auto insurance plan or stick with a more basic auto insurance policy.
• Make sure you cross-check the IDV: IDV in insurance terminology stands for the car's insured declared value. This value is likely the single most significant variable that could have an impact on your coverage. It is crucial to purchase an insurance plan with the appropriate IDV in order to subsequently benefit from the coverage in the long run.
• Check for a cashless facility: Make sure that your car insurance provider offers a cashless facility at their garage network. Paying for unplanned expenses out of one's own wallet and then receiving reimbursement from the insurance provider can be inconvenient.

Completing your car insurance renewal online can yield a plethora of benefits. Lapse of your existing vehicle insurance can not only cause you legal troubles but also lead to higher premium amounts in the future. Moreover, with valid car insurance, you don’t have to dip into your savings to cover damage caused to a third party.