Can you renew car insurance early?

Can I renew my car insurance before it expires?

When is the best time to renew my car insurance? Most policies last for 12 months. But it’s better to look for car insurance between 21 and 30 days before your policy expires. This is when premiums are usually cheapest.

How many days before can we renew car insurance?

According to IRDAI, you can renew your policy before 60 days from its due date and your policy will valid after your existing policy expiration only. Visit Shriram General Insurance to buy/renew two wheeler insurance and Car Insurance.

Is car insurance automatically renewed?

Does car insurance automatically renew? Unless you tell your car insurance provider otherwise, it’s likely your policy will automatically renew. It happens when you come to the end of your car insurance deal, usually around 12 months after you take out the policy.

What if car insurance is not renewed?

In case the policy is expired, you must immediately get in touch with your agent. An experienced agent has the necessary knowledge on the process after car insurance expires. The agent can assist you in renewing the policy, or you could also opt for online renewal, as it helps in saving time and is convenient too.

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What is the grace period on car insurance?

Grace period in a car insurance policy is usually 15-30 days. It depends on the terms and conditions of the policy of your insurance company. You can also renew your policy after the grace period but you will have to pay an extra amount.

Is it mandatory to renew car insurance?

Renewing car insurance policy is important as it is mandatory under the Motor Vehicles Act, 1988. The process is hassle-free because now, most car insurance companies provide the option of renewing car policy option online.

What happens if car insurance is expired?

If your car insurance has expired, that means you’ve let your car insurance lapse and you’re driving unprotected. Be sure not to drive until you’re covered again. Your insurance company may be able to reinstate your policy, but you could be required to pay a penalty fee.

Can I renew my car insurance online?

You can easily renew your car insurance policy online without visiting any center in person. This will help you to practice social distancing as well as enable you to complete your car insurance renewal process on time in a hassle-free manner.