Documents required for car insurance policy renewal in India

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To drive a car on Indian roads, the car needs to be covered by an insurance policy. However, to ensure continuous coverage, the policy needs to be renewed regularly. Let’s consider the documents required for car insurance renewal in India in this post.   

To avoid expenses incurred during mishaps and to stay financially protected, a car insurance policy is a requirement that every car owner should have before taking it on the highway. Further, third-party liability car insurance is a compulsory requirement as per Motor Vehicle Act of India that each car owner must have to run freely on the roads without the fear of penalty.

However, to avail the benefits of car insurance coverage continuously and to keep the policy active all the time you must renew the policy regularly. In this post, we will understand the process of car insurance renewal and the documents needed for the same.

Car Insurance Renewal – An Overview

When a car owner purchases a car insurance policy, it needs to be renewed yearly in case of old cars. If it is a brand new car, the insurance policy offered with the car is for a period of three years after which you need to renew it on yearly basis.  If a car owner fails to renew a car insurance policy, he/she may face legal action in the form of fine and imprisonment under the Motor Vehicle Act of India.

Also Read: Cheapest car in India

Importance of Renewing a Car Insurance Plan On-time

Timely car insurance policy renewal is important because otherwise the policy might get lapsed if the date of renewal is missed. A lapsed policy will make a car owner defaulter under the motor vehicle laws, while it also rejects car insurance claims made by the policyholder.

In such a case, the insurer will not be liable to pay any damages in case your car met with an accident, while the policy is inactive. Hence in that situation, if your car causes any third-party damages you will have to pay for it from your pocket along with paying for your own damages.

Therefore it is significant to renew your car insurance on time to avoid any such inconvenience and to keep your vehicle insured against financial liabilities. Further, you can also claim several benefits such as NCB or No Claim Benefit at the time of renewal.

Know More: Why Online Car Insurance Renewal is the Best Option Right Now?

Car Insurance Policy Renewal Process – Steps to Follow

For car insurance renewal online, below are the steps to follow:

  • Visit the official website of your car insurance company (if you renewing the existing policy with the same insurer)
  • Go to the ‘Insurance renewal’ section for vehicles on the website
  • submit the expiry date and other details of your previous car insurance policy
  • You may also submit details like vehicle registration (RC) number, chassis and engine number of your car
  • Now check the policy details and the premium amount of policy renewal.
  • Next proceed to make the payment via available modes of online payments such as credit card, debit card, UPI, Net banking etc.

If you want to change your insurer and opt for another insurance company, you can do so at the time of policy renewal. In that case, you can search for the best policy via the website of an insurance broker like Paybima.  However, you have to inform your current insurer about the same 45 days prior to your renewal date.

Below are the steps to follow:

  • Go to the official website of the company and choose the car insurance renewal option
  • Submit your car registration number and click on ‘Proceed’
  • If you don’t remember your car registration number, you may have to submit details of your car variant, model name, fuel type, year of registration and city of registration etc. to proceed further
  • In the next step you need to submit the expiry date of your car insurance policy and click on the ‘Continue’ tab
  • Now, you can submit your personal details such as name, contact number, and the date of renewal and click on ‘Get Quotes’
  • You will be redirected to a page with details of different policies and premiums to choose from
  • Select the policy as per your need (or renew the same policy)
  • Select any Add-On if you want to at this stage
  • Now, click on the ‘Buy Now’ tab and make the payment using any of the suitable online payment mode
  • The policy would be renewed and a receipt would be sent to you on your email

Documents Required For Car Insurance Renewal

Below is a list of documents required to submit at the time of auto insurance renewal process:

  • PAN Card, Aadhar Card, Passport or any other Government ID Proof
  • Proof of Address
  • Copy of Driving License
  • Recent photograph
  • Vehicle Registration Number
  • Copy of Car Registration Certificate
  • Pollution Under Control (PUC) Certificate
  • Policy Number of existing Motor Insurance plan
  • Card details for making online payment

Why to Renew Car Insurance Online?

  • Online car insurance renewal process is easy and hassle-free
  • You get a lot of choices as offered by various insurance companies
  • Most online car insurance plans are 30 to 40 percent less costly as compared to offline renewals
  • Online buying allows the policyholder to optimize the plan as per coverage, budget etc.

Also Know: How to do Self Video Inspection for Car Insurance Renewal in India?

Best Car Insurance Plans 2023

Here are top 8 insurers offering the best car insurance in India:

Name of the plan Network garages Plan Type  Benefits
HDFC ERGO Comprehensive Car Insurance 8,200 + Comprehensive Overnight car repair services

‘Pay As You Drive’ add-on

IFFCO Tokio Comprehensive Car Insurance 4,300+ Comprehensive plan  with Zero Depreciation for Car Insurance add-on No charge for roadside assistance

50% discount on NCB

TATA AIG Comprehensive Car Insurance

 

7,500+ Comprehensive 12 Add-ons

Personal Accident Cover

SBI General Private Car Insurance Plan 6,400+ Comprehensive NCB benefit

12 add-ons including key replacement and bi-fuel kit

Digit Car Standalone Own Damage Car Insurance Plan

 

5,800+ Own damage Own damage car cover

AI-enabled processes

ICICI Lombard Private Car Package Policy

 

4,800 + Comprehensive 50% discount under No Claim Bonus

Fast claim settlement from digital app

New India Assurance Motor Package Policy 500 + Comprehensive Towing Charges Cover

Option to customize IDV

Acko Comprehensive Super Saver Car Insurance

 

2000+ Comprehensive Own Damage Cover Nine add-ons cover

Free Pick and Drop for repairs

Read More: Significance of grace period in car insurance renewal

Summing Up

Renewing your vehicle allows protection to your car and thus it is very important for every vehicle to stay covered. Further, a third-party car insurance is also important as it is an obligatory insurance required as per government mandate.

Though the choice of buying or renewing a policy via online or offline mode is up to the policy seeker and his/her comfort. However, online buying allows many benefits as compared to offline purchase. At the same time, it allows you the option to check policies and compare them to be able to choose the best plan as per your need.

Found this post informational?

Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.

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FAQs on Documents Required for Car Insurance Renewal

What is the process of car insurance renewal?

Car insurance renewal is an easy process. All you need is to visit the official website of your insurer and submit the expiry date and other details of your previous car insurance policy.  Also submit details like vehicle registration (RC) number, chassis and engine number of your car.  Now check the policy details and the premium amount. Proceed to make the payment via available modes of online payments. 

How many days before I can renew my car insurance?

Most insurance companies allow car insurance renewals a minimum of 45 days before the current policy expiry date.

What happens if you renew car insurance before expiry?

If you renew your car insurance before expiry, you stay covered under a car insurance plan all the time and your policy stays active. Moreover, it is advised to not drive your vehicle in the period during which your car is not insured to avoid damages. 

What happens if I miss my car insurance renewal date?

If you miss your car insurance renewal date and fail to renew the policy on time, your insurance will expire and the car will be at risk. Your car will not be covered and you will not receive any compensation for any damage, theft or other mishap. 

Can I drive my car on the insurance renewal date?

You should drive your car after renewing the policy. It is advised to not drive the vehicle during the short time for which the car wasn't insured to avoid damages. 

What are the documents required for insurance renewal?

PAN Card, Aadhar card, Passport or any other Government ID Proof 
Proof of Address 
Copy of Driving License
Recent photograph
Vehicle Registration Number
Copy of Car Registration Certificate 
Pollution Under Control (PUC) Certificate 
Policy Number of existing Motor Insurance plan
Card details for making online payment

Is pan card mandatory for car insurance renewal?

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Dec 20, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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