How Can You Renew Your Car Insurance?

car insurance

While buying a used car one examines every single feature that can have an effect on the functionality of the car: be it interiors, exteriors or even the engine functionality. However, one thing that most of the clients tend to ignore so the renewal of insurance. In fact renewal of insurance is even more important in the case of used cars as they are more prone to wear and tear and may need major repair in the future. As the other original documentation is transferred to the buyer of the used car, the car insurance policy is also transferred.

However, there are some things to remember while going to renew used cars insurance

What is NCB and why is it not for you?

If the policyholder does not make any claim in preceding years he is rewarded with NCB (No ClaimBonus). The NCB simply means that the amount of premium will keep on decreasing every year. A claim free record can reward the owner with a discount of anywhere between 20 and 50 percent on payable premium. If one has maintained a claim free record during the last year you are entitled to claim an initial NCB of 20% in the first policy renewal.While renewing the policy an initial 20% NCB can be claimed. Gradually the claim can be increased and at the end of five consecutive claim-free years, you can lay a maximum of 50% NCB.

Why is it not for you?

One more thing to keep into mind is that NCB is associated with the user and not the car. So as a used car owner you will not inherit the NCB.

Use of Internet renew your car insurance

Earlier one needed to go to various car insurance policy providers to evaluate the best used car insurance both pocket-friendly and car friendly. However with the advent of the internet, the work had been much easier. All you need to do is to check through some clicks about the various car insurance policy providers and select the best in for you.

Deciphering the technical Jargons? There is a better way available!

Understanding the policy guidelines and limitations is not an easy task. It is full of technical jargons, ifs, and buts. Nearly each clause is bound by a condition. So the best approach is to jot down in a clear way what precisely you need from your car’s insurance policy.

It is best to make a complete checklist. Then you can visit the insurance office and before renewing the policy you should ask the executive about the various points you jot down in a checklist. You have to make sure that the car insurance policy does cater to your specific needs.

Early Renewal Benefits

To take the maximum benefit, it is recommendable to renew your car insurance at least 45 days before it expires. The major benefit y will get is that if you will renew it in advance our price is locked in and you are unaffected from any price hikes.

For those who are not legally knowledgeable

If you are not legally enlightened it is best to visit the insurance office with a person who knows well about these matters. There are many clauses that might look innocuous but may have serious implications. So, it so always advisable to properly comprehend the scope of key points to acquaints yourself with policy.

Disclaimer -This is a guest post submitted through email by Mr. Moolaram Mundliya. is not associated with Mr. Moolaram Mundliya. To contact the contributor, you can write to him on This post is purely for knowledge sharing purpose. have not received any monetary benefits for publishing this post or for referrals. Please visit any link outside at your own risk.

2 Comments on "How Can You Renew Your Car Insurance?"

  1. my car tata manza aura value for insurance is rs one lakh only. kindly give me the competetive rates for comprehensive insurance.

  2. Hello, in India there are plenty of good insurance providers who gives you the facility of a smooth car insurance renewal. If you browse the net, typing car insurance renewal, you can get a lot of options that will allow you to renew your car insurance policy through a hazard less manner, & in minutes.

    Personally, I recommend IFFCO Tokio because of their hassle free services.

Leave a comment

Your email address will not be published.