Is it Safe to Renew Car Insurance Online?

Renew Car Insurance Online
Renew Car Insurance Online

Ever since March 2020, e-commerce businesses have seen an upward trend in their sales volume. And why not? We were all compelled to adopt online shopping and digital payments. And most of us do not plan on going back to the old norm with respect to shopping for clothes, accessories, gadgets, etc. However, a lot of people feel insecure about renewing their car insurance online. Hence, we’ll be exploring if it is safe to do car insurance renewals online.

The short answer for this is yes. It is safe to renew car insurance online. However, it is imperative that you stay cautious. One way to do so is by confirming that you are renewing the plan from a credible website. In fact, the first step to buying or renewing car insurance online is finding authentic websites that offer motor insurance. There are multiple other things you must ensure every time you buy/renew car insurance online. Let’s understand them in brief.

Go for IRDAI-Approved Insurers

Any insurer selling car insurance must be recognized by the Indian Regulatory and Development Authority of India (IRDAI). You can find the list of registered motor insurers on IRDAI’s official website. Visit their website and go through the list to identify a credible insurance provider. You can also visit an insurer’s website to see if they have included the registration number on their website. It is a subtle sign that this insurance company is all in to prove its reliability.

Renew From the Insurer’s Official Website/App

The next step in your online car policy renewal process is discerning the company’s official website. While the digital world is a safe space for all, it is easy for cybercriminals to develop a replica of any website. Check out the social media handles of your preferred insurer to get their official website link. You can also directly google their brand name and scroll through the options available on the first search results page. Since you have typed the exact name, their website will most probably rank at the top of the search results. Before buying the policy, you can also try calling the insurer to make sure that you are on the right website. 

Go Through the Policy Document

Once you have made the payment, your next step would be to check your email and see if you have received the policy document. You can also log in to their website to check if you have access to the policy document or details related to it. You can wait for 10 minutes after making the payment because there could be a delay due to technical issues as well. However, if you do not have your policy document even after 10 minutes, follow up with them. You must receive the policy document whether it an online third party car insurance or a comprehensive plan. Reading through this document will help you identify any errors. This document must have the policy details, QR code, signatory, and other important aspects. 

Benefits of Renewing Car Insurance Online

Here are a few benefits of renewing car insurance online:

  • No Commission: You can buy the policy directly from an insurer and steer clear of the commission cost.
  • No Paperwork: The documentation work can be a bit daunting. Thanks to the online process, you do not have to fill out lengthy application forms and upload documents.
  • Quick Compare: The online process enables you to compare multiple plans and buy the one that suits you best.
  • Total Convenience: You can buy car insurance online anytime from the comfort of your home.
  • Save Time: Since you do not have to fill out lengthy forms and visit the insurer’s branch office, the online process helps you save a lot of time and effort.
  • Instant Access: Since the policy document is shared with you via email and is stored in your profile, you can access it any time, anywhere on your phone.

Remodelling your cars could be a long shot, but getting your car insurance renewed is quite crucial. Now that you know it is safe to renew car insurance online, go ahead and get yourself the best-suited policy. Gauge your needs, do your research, and only then opt for a plan.