In today’s digital age, renewing a four-wheeler insurance online has become simpler and more convenient. Now, you don’t need to contact an agent or go to the insurer’s office to get your four-wheeler insurance policy renewed. Compared to the traditional offline method of renewal, the online process not only saves time but also offers a streamlined process to renew the policy from the comfort of your home or anywhere else. So, in this blog, let’s guide you through some of the benefits you get when you renew four wheeler insurance policy online. Read on to learn more.
Why Should You Renew Four-wheeler Insurance Online?
Listed below are some of the advantages of renewing your four-wheeler insurance policy online:
- Quick Comparison: When you renew a four-wheeler insurance plan online, it’s easier to compare the different four-wheeler insurance. On the contrary, in the offline process, you must visit the different insurer’s offices, get the quote, and then compare these plans. However, online, you can do everything from the comfort of your home.
- Easy to Switch Insurers: During the online process of renewing a car insurance plan, switching from one insurer to another is more convenient. Switching insurers is helpful, especially when you are dissatisfied with your existing insurer and the policy offerings. So, if this is the case with you, switch your insurer during the online renewal process.
- Include Add-ons: When renewing your four-wheeler insurance policy, you can also include add-ons if you have not done so earlier. Some of the add-ons include No Claim Bonus Protector, Zero Depreciation Cover, Key Loss Cover, etc. Depending on the car insurance plan and insurer you choose during the renewal, you can include the add-ons and enjoy enhanced coverage. Please note that add-ons can only be included in a Comprehensive Car Insurance policy.
- Minimal Paperwork: The online process of renewing a four-wheeler insurance policy eliminates tedious paperwork. In the offline process, you had to carry many documents to the insurer’s office for renewal. But, with the advent of the online process, you can now go paperless and upload all the necessary documents for car insurance renewal online. In fact, with digital insurers like Acko General Insurance, you just need to enter a few details about your vehicle’s existing car insurance policy, make the premium payment, and finish the renewal process.
- Transferring NCB: NCB in car insurance refers to the No Claim Bonus. It is a reward paid out to the policyholders if they have not raised any claim in a given year. Moreover, when you have NCB, you will also be eligible for discounts on car insurance premiums. By choosing the online car insurance renewal process, you can easily transfer the accumulated No Claim Bonus, even if you are switching the insurer. It will hardly take a few minutes for the NCB to get transferred.
- Transparent Process: Another reason to choose the online renewal process over the offline process is that it is more transparent. As no agent is involved when you renew the policy on your own, there are reduced chances of fraud, and the overall process becomes very transparent. Moreover, when you pay the renewal premium on your own rather than giving it to any middlemen, any fraud attempts are also minimalised.
- Discounts: Many insurers in India give discounts if you renew a car insurance policy online with them. Before renewing your policy, check with the insurer to see if any discounts are available and get a chance to save on the car insurance premium amount. Furthermore, the operational costs for renewal are even lower in the online method, as no agent is involved, and you don’t even have to visit the insurer’s office. Overall, the online renewal process is cost-saving.
Summing Up
Now, you must be clear that the online process for renewing a four-wheeler insurance policy is more advantageous. So, choose the online mode for car insurance policy renewal and make sure to do so before the policy expiry date to avoid the chances of it getting lapsed.