All about car insurance renewal Price | QuickInsure

 According to the Motor Vehicles Act, 1988, all car owners in India are required to have at least third-party insurance. This insurance covers for the insured vehicle's liability for any injury, death, or material damage to a third party. Driving without a valid insurance policy is against the law and can result by fines and/or jail time. In addition, comprehensive insurance is suggested even though it is optional because it offers more safety and covers damages to the insured car.




Documents required for the New car Insurance 


When purchasing car insurance for a new car in India, you'll typically need the following documents:

  1. Vehicle Registration Certificate (RC): The RC of your new car, which serves as proof of ownership.
  2. Invoice/Bill of Sale: A document from the dealer showing the purchase details of your new car, including its value.
  3. Identity Proof: Government-issued ID like Aadhaar card, PAN card, or passport for the vehicle owner's identification.
  4. Address Proof: Documents like a utility bill, voter ID, or passport to verify the owner's address.
  5. Passport-sized Photographs: Recent photos of the vehicle owner, typically required for the insurance application.

Documents required for the Old car Insurance

When insuring an old car, the following documents are typically required:

  1. Registration Certificate (RC) of the car: This proves ownership and details of the vehicle.
  2. Previous Insurance Policy: If renewing or switching insurers, this shows your previous coverage.
  3. Identity Proof: A valid ID like an Aadhaar card, PAN card, or passport.
  4. Address Proof: Documents such as a utility bill, passport, or driving license.
  5. Pollution Under Control (PUC) Certificate: This certifies that the vehicle meets emission standards.
  6. Vehicle Inspection Report: In some cases, especially for very old cars, insurers may require an inspection to assess the car's condition.
How to renew car insurance having cost more than 5 Lkh ?

Criteria for Renewal:

  1. No Claims Bonus (NCB): If you haven't made any claims during the previous policy period, you can avail of a No Claims Bonus, which provides a discount on your premium.

  2. Age and Condition of the Car: The premium might be higher for older vehicles or those in less than optimal condition.

  3. Coverage Needs: Evaluate whether you need additional riders like zero depreciation, engine protection, or roadside assistance, which may influence the premium.

  4. Policy Continuity: Ensure there is no gap between your old and new policy to maintain continuous coverage and benefits like NCB.

  5. Insurer’s Underwriting Criteria: Each insurer may have specific underwriting criteria, including the car’s value, age, and previous claims history.

Connect with QuickInsure to car insurance renewal like HDFC ERGO Car Insurance, car insurance renewal for tata aig,  and other online insurance provider 
platform. 
Location: Pune, Maharashtra, India

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