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A handbook that will help you realize not only the importance of renewing your car's insurance policy but also assist with the finer points to consider and work on while you have to renew your car insurance. And if that's not enough, the eBook also helps with some must-know information about the perfect add-ons, which will boost your car's insurance to a super-powered one - rough and roaring just as your car would want it to be!
When you drive out in your car, the chances of meeting with an accident or damaging the car or even getting it stolen are so high that you could rightfully wish to keep it locked away for eternity! That's why insurance policies help you breathe easy.
Yet, according to a survey by the largest general insurance company of India - New India Assurance Ltd. - only 67% of cars on the road are insured! A whopping 33% have chosen to livedangerously, unaware of the possible danger to their cars or ignorant of the penalty of Rs. 75,000 that they might have to pay! To reiterate, what you'd need is a comprehensive policy! If you don't have one, get one! But if you had one and let it expire, renew it before you lose any more time than you already have!
Renewing an expired policy is extremely cumbersome! You may have already lost out on manyaspects of your expired policy than you know! Here are a few:
Insurance companies reward prompt payments with a maximum discount 10 levied on your policy at renewal. This is sometimes as high as even 50%-60%. If you let your policy expire, you lose this discount!
For every expired policy, a mandatory inspection of the vehicle is done be-fore afresh policy is rolled out. It could cost anything between Rs.250 and Rs.500. Wouldyou want to pay out this amount yourself?
Post the grace period (90 days that's allowed for renewal of an expired policy), the No Claims Bonus (NCB) discount is snatched out! You saved up 3 this discount by driving cautiously - would you want to let it go waste and start all over again?
Now here is the challenge!
Say you lost your NCB and got your vehicle re-inspected too, at your own cost. It is still no guarantee that your request for policy renewal will be approved! If the insurance company finds any existing damage, you will be required to repair that too and apply for policy renewal all over again!
From gadgets to groceries, it is now insurance that you can compare, select and buy online! No more chasing your agent (or vice versa) to get your insurance policy sorted. Insurance companies, having raised standards, compete with themselves to boast of exemplary online offers and services. They have opened up to people, the advantages of making such an important decision right from the comfort of your home with a simple click of your mouse!
We've been seeing a great upsurge in the eCommerce industry and a large group of-working professionals are increasingly comfortable with online The insurancesector is no different and very much a part of this eCommerce momentum
Nikhil Bharadwaj
Vetical Head Websales
Bajaj Allianz General Insurance Co Ltd
The most popular advantages here below:
Better pricing: Insurance companies offer lower rates deducting paperwork and operational costs that are levied on offline policies!
Paperless transactions: Offline policies require lots of documentation and long-winded forms to be filled out. Online forms are more simpler, efficient and even environment saving! 
Easy, convenient and time saving: Insurance companies have made sure that websites are layman-friendly. Their websites' user-interface provides easy availability of information in a transparent manner, making the user finish any transaction quicker than one expects to. 
Policy endorsements: No more running behind agents to change particulars that's registered against your name. Online endorsements of such details are done in a jiffy with a simple self-declaration form! 
Policy comparison:Online policies allow you to compare their prices and other features. On Coverfox.com, you will also be able to compare these features across major insurance compa-nies also! helps you make an informed decision about your purchase.Compare quotations/plans. (Check for NCB, IDV, Add-ons,and discounts)
Fill in your vehicle details (car mod-el, variant, registration year, RTO)
Compare quotations/plans. (Check for NCB, IDV, Add-ons,and discounts)
Fill out your proposal form ( Your personal details, past policy details
Make payment
And you're done! 
Animesh takes care of Motor Insurance business at Coverfox.com. Having completed his Bachelors in technology from IIT Kharagpur, he has gained immeasurable experience with Insurance products and their process. Animesh has worked with most of the leading Insurance brands and channels in India and holds expertise in development, underwriting & pricing of Motor Products.
If and when he gets enough time to turn his attention away from insurance, he loves to challenge himself with mountaineering and travelling!