Renew Expired Car Insurance Online

Renewing your car insurance policy on time comes with many benefits including protection from financial loss in case of an accident.

• Uninterrupted Cover: Timely renewal means continuous insurance coverage for you and your car. Preventing any gaps in cover ensures that you don’t have to worry about legal issues like financial liability in case of partial or no cover during accidents.
• Retention of No Claim Bonus (NCB): If you renew your policy before it expires, you retain your No Claim Bonus (NCB). NCB rewards you for claim-free years and helps reduce your premium by up to 50% on subsequent renewals. Delayed renewal results in losing this discount.
• Legal Compliance: In India, motor vehicle laws mandate that car owners must have at least third-party insurance. Timely renewal ensures that you remain compliant with legal requirements.
• Protection from Financial Stress: Without insurance, you are vulnerable to potential expenses due to accidents, vehicle damage, or third-party liabilities. If you ever need it, you’ll regret not having car insurance, since it can save you from significant financial burden.
• Peace of Mind: Having an active car insurance policy offers assurance and security, knowing that you are financially protected in the event of an accident or other unforeseen losses.

How to Check Your Car Insurance Policy Expiry Date

To ensure your car insurance is active and that you renew your car insurance on time, you can track your policy expiry date via the Insurance Information Bureau website, the VAHAN website, or your insurance provider.

• Insurance Information Bureau (IIB): Visit the Insurance Information Bureau (IIB) portal and input your vehicle details to search for your insurance policy records. You can verify the policy end date here.
• VAHAN Website: Check your vehicle insurance details through the VAHAN portal, provided by the Ministry of Road Transport and Highways. This government website allows you to access your insurance status quickly and easily.
• Contact Your Insurer: If you are unable to find the information online, contact your insurance company’s customer support team. They can assist you with your policy details, including the expiry date.

What Happens When Car Insurance Gets Expired?

Allowing your car insurance policy to expire can lead to significant consequences like penalties, the loss of NCB, and possible financial stress.

• Legal Penalties: Driving without valid car insurance is a criminal offense in India. Penalties include:

• • A fine of ₹2,000 for the first offense and ₹4,000 for subsequent offenses.

  • Imprisonment of up to three months, or both fines and imprisonment.

• Loss of No Claim Bonus (NCB): The No Claim Bonus (NCB) is a reward given for each claim-free year, offering up to a 50% discount on the policy premium. If your policy expires, you lose this accumulated benefit, resulting in higher premiums when you purchase a new policy.
• Possible Financial Stress: Without an active insurance policy, any expenses arising from accidents, vehicle damage, or third-party liabilities must be borne out of pocket, which can lead to significant financial strain.

Renewing your insurance is easy if you do it before the coverage expires. It is usually just a matter of selecting a policy and paying the premium.

However, if your car insurance policy expires, it becomes complicated. Most insurance companies provide a grace period of up to 90 days to renew your policy. During this time, you’ll need to follow specific procedures to reinstate your policy cover.

• Mandatory Vehicle Inspection: To assess the current condition of your vehicle, most insurance companies require a formal inspection. This can be conducted in one of the following ways:
  • Self-Inspection: You may be asked to submit photos or videos of your car as per the insurer's instructions.
  • Third-Party Inspection: In some cases, an insurance company officer or a representative from a regulatory agency conducts a physical inspection of your vehicle to document its condition and note any existing damage.
• Policy Issuance: Once the inspection is complete, the insurer evaluates the vehicle’s condition to determine whether to reinstate the policy. Depending on the findings, the insurer may:

  • Approve and issue the renewed policy.

  • Decline renewal if significant risks or damages are identified.

• Final Steps: After successful approval, and once you pay the premium, your car insurance policy is reinstated, providing you with the cover and benefits outlined in the new policy document.

What To Do If You Fail To Renew Your Car Insurance During the Break-in Period?

Failing to renew your car insurance within the 90-day grace period can lead to several serious consequences like needing to pay a higher premium and delays.

• Policy Lapse: Your car insurance policy will be considered lapsed, meaning you lose all accumulated benefits, such as the No Claim Bonus (NCB).
• Need for a New Policy: You will need to apply for a new insurance policy. The insurer will reassess the Insured Declared Value (IDV) of your car, which could differ from the value under your previous policy.
• Higher Premiums: Without the NCB discount, your new policy premium is likely to be significantly higher, increasing the cost of insurance.
• Delay in Coverage: The process of applying for a new policy, including inspections and documentation, can delay coverage. During this period, your car remains uninsured, leaving you financially vulnerable in case of accidents or damages.

Contact Details for Assistance

If you need assistance with your car insurance policy, you can reach out to InsuranceDekho through any of the following channels:

InsuranceDekho

• Phone: +91-7551196989.
• Email: support@insurancedekho.com.
• Timing: Monday to Saturday, 10 am to 7 pm.