Renew Expired Car Insurance Online
One of the most essential things to do whilst maintaining your car is, renewing its insurance timely. After all, when you’re doing so much to keep it going smooth, you want to ensure it keeps going even amid any surprises life throws your way, without having to dent your dear wallet time and again.
Car insurance helps you cover for unforeseen damages and losses such as in the case of accidents, natural calamities, thefts and fires whilst it also keeps you protected from the law too.
Typically, car insurances come with a one year or more policy period, after which you’ll need to renew it either on the day of its expiry or better, before. However, if your car insurance has long expired, it’s still not too late to renew your car insurance online.
What happens when your car insurance policy expires?
Everything comes with an expiry date, including your car insurance policy. What happens when it expires is simple, you don’t get to reap any of its benefits!
So, if your car insurance has expired and you haven’t renewed it yet, following are some of the benefits you will miss out on:
1. No compensation for losses
One of the primary reasons people buy or renew their car insurance policy is to, get compensation for any unforeseen damages and losses caused to or by the car.
Therefore, if your car insurance policy expires, you will no longer be eligible for any compensation.
2. Face legal consequences
A lot of car owners get a car insurance policy (at least a third-party car insurance) because it is mandatory by law.
Without one, car owners could be liable to pay a fine to up to Rs 1,000 to 2,000. If you’re caught at a time when your car insurance policy has already expired, then you WILL have to pay the fine.
3. Lose out on your ‘No Claim Bonus’
If you’ve had a car insurance policy earlier, you would be aware of the ‘no claim bonus’. A no claim bonus refers to the discount you get on your car insurance renewal premium if you haven’t made any claims the previous policy year.
However, to ensure you get the benefit of the same, you MUST renew before your policy expires. If you renew your car insurance policy AFTER it’s already expired, then you will, unfortunately, lose out on the possible discount.
4. Go through inspection all over again!
If you plan on renewing your comprehensive car insurance policy and your current policy has already expired, on renewal, you’ll have to go through the process of self-inspection all over again.
While this is a lot simpler at Digit, with smartphone-enabled processes, it will still take you longer to renew your comprehensive car insurance policy than it would, if you renew on time.
That’s why, your best bet would be to always renew on time, or well in advance. However, even if you haven’t done it yet, it’s never too late! Read on, to see how you can renew an expired insurance online with Digit.
How to renew an expired car insurance online with Digit?
If you’re looking to renew your expired car insurance online, here’s how to go about it.
Things to keep in mind when your car insurance policy has expired
Once your expiry date is near, you should ideally renew your car insurance policy immediately. However, in some cases, this may take you some time and we understand that.
Maybe you want to evaluate some car insurers before making your decision or, you need time until your background check and self-inspection process is complete.
If your car insurance policy has already expired or isn’t active yet, here are some things you should do to keep you and your car safe.
- Avoid driving without a valid car insurance policy. After all, you never know what can happen. If you’re caught by a cop or even land up in a small accident, the risks aren’t worth it!
- If you’re confused about changing your car insurance provider from your previous policy, evaluate your options online and make an informed decision. After all, your car is one of your most prized possessions and you’d want to make the right decision for its safety.
- If you can opt for a long term policy when you’re renewing your policy online, this way you don’t need to worry about renewals for some time.
- Ensure your car documents are in place, you’ll need them or some details from the same, to renew your car insurance policy.