Managing Car Insurance When Relocating Within India: A Comprehensive Guide

Relocating within the country is a significant event that requires careful planning. One crucial aspect that may get overlooked in the process is managing your car insurance. Whether you're moving to a new city for work, studies, or personal reasons, ensuring that your car insurance aligns with the relocation is essential. Here's a comprehensive guide to managing car insurance seamlessly during the relocation process:

Understand policy coverage across states

Car insurance requirements may vary from one state to another. It's crucial to understand the specific coverage mandated by the state you are moving to. Read up on the motor vehicle laws of your new location to avoid any legal complications, and ensure your policy complies with the local regulations. Do note that it is mandatory to have third-party motor insurance coverage for your vehicle across India.

Notify your insurer in advance

Keeping your insurance provider in the loop about your relocation is vital. Reach out to them well in advance and inform them about your move. This step allows you to understand the changes needed in your policy, if any, and prevents potential issues related to coverage lapses. Most insurers appreciate customers who keep them informed about such changes.

Update your address and contact information

Relocation involves a change in your residential address and contact details. Ensure that your insurer has the updated information so that they can communicate with you when required. This may include receiving policy-related documents, renewal notices, and other essential communications. An outdated address might lead to missed updates, causing unnecessary complications later.

Check whether a No-Claim Bonus (NCB) can be transferred*

If you've accumulated a No-Claim Bonus (NCB) on your existing policy due to claim-free years, check whether it can be transferred to your new policy (if you are buying one) after relocation. NCB can significantly reduce your premium costs. Understanding any terms and conditions you need to follow can ensure you continue to benefit from the NCB you have earned.

Renew car insurance on time

Relocating can often be a chaotic process. However, amidst its hustle, you may forget to renew car insurance if the date is due at the time.## If your policy lapses, you may have to buy new car insurance. Hence, set a reminder for your policy’s renewal. Click here to renew your car insurance with Bajaj Allianz.

Explore network garages in your new city*

For the uninitiated, network garages are affiliated with the insurance provider, and hence, one can enjoy cashless repairs at these garages. Make sure you are familiar with the nearest network garages to ensure a hassle-free claims process if the need arises.

Check for any new add-ons if required*

When relocating, there is a likelihood that you may require different coverage than the one you have currently. Opting for the right add-ons with your motor insurance plan can help in this case. For instance, if you have plans to travel long distances in the new location, you may want to consider the roadside assistance add-on. Or, if the new location is prone to floods during the rainy season, the engine protector add-on might come in handy. Claims are subject to terms and conditions set forth under motor insurance policy. Opting for add-ons can mean that your premium will rise. However, it may prove to be helpful in the long run. To get an idea of what your premium could be (with or without add-ons), you can use a car insurance calculator.

Remember to re-register at the local RTO

Be sure to initiate and complete the re-registration procedure at the Regional Transport Office (RTO) in your new state or city. This is applicable whether you are planning for a permanent move or an extended stay. Once complete, your car will be assigned a fresh car registration number. You must update this new number with your car insurance provider. Before beginning the re-registration process, obtain a No Objection Certificate (NOC) from the RTO in the city where your car was initially registered. However, for short-term relocations lasting a few months, a simple NOC from the current RTO to the new destination is also enough.

Reconsider the insurer when relocating with a new car

If you are planning to buy a new car when you are relocating, it is crucial to consider your current car insurance provider. If you are satisfied with them, you can buy a new policy from the same insurer. Or, you may want to switch and opt for another insurer, who caters to your needs in the new city. Relocating can be a complex process in some cases, but managing your car insurance shouldn’t be. Remember, a well-managed car insurance policy adds an extra layer of security to your new journey in a new city. To buy car insurance, click here.   *Standard T&C apply. ##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply. Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.