Car Insurance Renewal

Four-wheeler insurance renewal extends your current policy for another year. It protects your vehicle against unforeseen damages, liabilities and accidents. You can review your coverage, evaluate any changes in your driving habits or situation and possibly adjust your insurance-related coverages to suit your needs better when opting for car policy insurance renewal.

Timely renewal is pivotal to avoid coverage lapses and ensure legal compliance while driving.

Whether you purchase a car insurance policy online or offline, the policy has a starting and ending date. Most insurance plans are valid for one year, but you may also buy a plan for more than one year if necessary.

IRDAI (Insurance Regulatory and Development Authority of India) allows insurance providers to offer plans to consumers for a maximum of three years. This is for people who wish to avoid the hassle of annual car insurance renewal. However, if you own a yearly four-wheeler insurance plan, it is best to renew it within the remaining 45 days of its term.

You must not wait for the last policy day. In the remaining 45 days, you may conduct your research to obtain car insurance online and also check your already existing coverage. Suppose you feel something in your car plan needs to be added or removed; in that case, it can be easily done.

If you happen to miss renewing your policy within the specified timeframe, find out whether your insurer offers any grace period. Well, grace time is when one can renew their four-wheeler policy after expiration. The grace period can vary from 3 to 30 or even 90 days.

Renewing your car insurance on time is not just another task on your to-do list—it is a smart move for your legal safety and financial peace of mind on the road. Skipping the renewal can lead to more than just a hassle. Here is what could happen if you do not stay on top of it:

Non-renewal Is A Legal Issue

Driving without valid car insurance is a no-go in India. If you let your policy lapse, you could end up with penalties, fines or even legal trouble. Staying on top of renewal deadlines is key to keeping things legit and avoiding unnecessary headaches.

Non-renewal May Lead to Financial Outflow

Without insurance coverage, you will be on the hook for all costs associated with accidents or damages, coming straight out of your pocket. This can quickly drain your finances, affecting your savings and overall financial stability.

Non-renewal May Lead to NCB Reset

TATA AIG rewards you with a No Claim Bonus for claim-free years, which can save you up to 50% on your car insurance premiums after 5 claim-free years. But if you miss the renewal deadline, you risk losing that bonus and starting over with a reset NCB. Timely renewal helps you keep that discount and continue enjoying the savings.

Non-renewal May Lead to More Premium Amount

If you do not renew your policy on time, it can lead to increased premiums when you renew it again in the future. Hence, keeping your coverage continuous shows you are on top of things and might even help you lock in lower rates. Motor insurance renewal on time avoids unnecessary price hikes and saves you money down the line.

Non-renewal May Lead to Car Inspection

The insurance company may feel the need to inspect the four-wheeler prior to renewing its insurance plan if it has not been renewed for quite a few weeks. This helps ascertain the vehicle's current condition and note any pre-existing damages.

As you may know, purchasing car insurance is mandatory in India, with at least third-party insurance being a requirement. Picking the right car insurance policy is tricky, as you are required to consider several factors to find a policy that suits your needs.

Update Your Car Insurance Plan

You can update your car policy during renewal if you buy a comprehensive or third-party liability plan. Third-party car insurance is cheaper, but it just covers the basics. However, a comprehensive car plan puts forth more coverage, including your four-wheeler damage coverage, but at a slightly higher expense. So first, you should identify which plan best matches your requirements.

Check Your Four-Wheeler’s IDV

If your four-wheeler is damaged or stolen, insurers will reimburse you up to the present market worth of your car, known as Insured Declared Value (IDV) in insurance terms. Prior to renewing your plan, you must check your car's IDV since it helps you to negotiate better with your insurer and pay the appropriate premium amount.

Also Read: IDV Calculator - Car Insurance

Include Necessary Add-on Covers

You can add riders or extra benefits to enhance your coverage when renewing your car plan. These add-ons are optional but can provide better protection if included in your policy. TATA AIG offers 12 unique add-ons for comprehensive car insurance policyholders. Common add-ons like zero depreciation and roadside assistance cover are often recommended and considered essential.

Pick Higher Deductibles

Deductibles refer to the portion of claims that you, as the policyholder, must bear. They are classified into optional and mandatory. Mandatory deductibles are the fixed amounts deducted by the insurer on every claim.

Optional deductibles, however, involve you paying a part of the claim from your own pocket. Going for higher deductibles may lessen your premium amount. If you have a strong driving record, choosing higher deductibles can be a practical choice.

Renewing your four-wheeler insurance online with TATA AIG is a breeze! It is fast, simple and completely hassle-free. Complete your renewal in just a few minutes and enjoy seamless protection for your vehicle.

Check out the amazing features of TATA AIG’s online car insurance, designed for your convenience and mental satisfaction!

Let us dive into the benefits of choosing online car insurance renewal with TATA AIG and how it simplifies the process while maximising your benefits.

Save Money

Online four-wheeler insurance renewal with TATA AIG often includes exclusive discounts or special offers not available through traditional methods. Also, by comparing car insurance renewal quotes from our diverse plans online, you can easily find the most budget-friendly option that perfectly meets your requirements. This potentially helps you save a considerable amount on premiums.

Save Time

Gone are those days of dealing with endless paperwork and waiting in long queues at insurance offices. TATA AIG’s online renewal option helps you complete the entire process at your convenience. This removes the requirement for multiple office visits and saves precious time that you can dedicate to other vital tasks.

Save Effort

The car insurance renewal procedure online with TATA AIG is absolutely simple and user-friendly. Easily access your car policy details, make any necessary updates to your existing policy with add-on covers and breeze through the car renewal process with a few taps. Say goodbye to the hassle of traditional renewal methods and enjoy a seamless, stress-free experience.

• Step 1: Go straight to the TATA AIG official web portal and click on the “Car” icon to get started.

• Step 2: You will see two options presented on your device’s screen:

  • Renew Existing TATA AIG Car Policy

  • Insure Your Brand New Car

  • Click the option labelled “Renew Existing TATA AIG Car Policy”.

• Step 3: You can either input your four-wheeler registration number or proceed with your existing car insurance policy number needing renewal. After that, hit the button marked “Renew”.

• Step 4: Pick the policy type and duration that suit your needs, along with any add-ons you require. We put forth different types of unique add-ons with our comprehensive car insurance policy for extra protection.

• Step 5: Once you have chosen your four-wheeler insurance policy and the add-ons, pay the car insurance renewal price online and instantly get your policy document in your registered email ID or WhatsApp number.

Also Read: 7 Factors to Consider While Calculating Your Car Insurance Premium

With TATA AIG by your side, you can easily renew an expired four-wheeler insurance policy—whether it is a TATA AIG car policy or from another insurer—within a 90-day grace period after the insurance expiry date. The online procedure lets you renew your vehicle insurance conveniently from home, ensuring uninterrupted financial protection.

Also Read: Lapsed Car Insurance

• Step 1: Review your expired car insurance policy to evaluate the coverage details, eligible exclusions and inclusions and any added add-ons.

• Step 2: Type in your four-wheeler registration number and click “Renew” to view the details of your existing TATA AIG car insurance policy, including coverage, add-ons, etc. If it is a policy from another insurance company, select “Get Quote”. At the same time, provide all the required personal details.

• Step 3: Choose NCB or IDV if relevant and remove or add any add-on covers to align with your coverage needs, combining them with your base plan accordingly.

• Step 4: Check all the details entered for the policy application and then view the final car insurance renewal quote based on your selections.

• Step 5: Make the necessary payment using any of the available online payment options.

• Step 6: Receive your renewed four-wheeler insurance plan directly in your email inbox.

Also Read: How Is Your Car Insurance Premium Calculated?

Timely renewing your four-wheeler insurance plan is vital for numerous reasons, be it financial or legal protection or guaranteeing uninterrupted coverage and maintaining your NCB. Delaying vehicle insurance renewal leads to unnecessary risks, involving uncovered accidents, hefty fines and penalties, as well as the loss of precious perks.

With TATA AIG’s quick and hassle-free online renewal options, there is no such reason to put off securing your mental satisfaction. Renewing your car insurance is now as easy as a few clicks, letting you update your policy anytime, anywhere. Do not let delays cost you—staying on top of your four-wheeler insurance renewal helps you avoid unnecessary expenses and ensures you are always covered.

Drive confidently, knowing TATA AIG has your back with reliable protection and a smooth renewal process designed just for you.

Also Read: How Much Car Insurance Do You Need?