Many car owners believe that online car insurance renewal is a ruse. However, online renewals offer several windows for saving money along with some extra benefits. All one needs to do is stay a little updated and careful while making the selection. Following are a few points that may help you sail smooth through world of online car insurance:
Comparison: A small change from your regular modus operandi might seem a bit uncomfortable, but you know what they say – ‘no pains no gains’. For those who find hopping from one website to other a hectic task, there are several online portals that offer comparison tools for insurance products. Using these, you may sort out the most beneficial plans and proceed with other formalities.
Staying Alert Is Mandatory – All market pundits recommend to read all clauses of a given policy before making the final decision. There are hidden clauses in fine print that need to be discovered and understood. It is better to spend a little more energy and time now then to repent later and lose money.
Value Of Evaluation – It is better to estimate your car’s market value before investing any hefty amounts in insurance renewal policies. According to experts, when an owner realizes the true worth of his or her vehicle, it is easy to negotiate the premium amount for car insurance renewal.
Always Request The No Claims Bonus – Indian insurance companies offer special rewards to people who make no claims under their current plans. If you come under the same category, do not refrain from asking for your no claims bonus when your policy concludes.
Advance Renewal – As the old adage goes – a stitch in time saves nine; always renew your policy before the existing one gets over. It is recommended to acquire a renewal 45 days before the set date. Even if the company increases renewal rates of car insurance in that period, you would have bagged a better deal already.