Car Insurance Renewal

What is Car Insurance Renewal?

Indeed! A car is not just an asset, but a marvel in its true sense. The satisfaction drawn from owning and driving your own car is beyond words. While you’ve taken every effort to protect it from mishaps and secure yourself from the financial implications arising due to its theft or accident through car insurance , renewing your policy every year ensures you remain protected.

Car insurance renewal refers to the process whereby you pay premium to ensure that your policy remains in force and you continue to receive its benefits. Gone are the days when you had to physically visit the branch of your insurer for car insurance renewal. Now, all it takes is a couple of taps on your mobile phone!

When everything, right from shopping to booking tickets, has gone online, why not car insurance renewal? As one the premier general insurance companies in India, we, at Bajaj Allianz, offer online car insurance renewal facility wherein you can renew your policy with just a few clicks. Seamless and hassle-free, we make car insurance renewal faster than a Ferrari!

Bajaj Allianz Car Insurance Renewals

Car Insurance

Renew car insurance policy today and receive 24x7 roadside assistance. Get SMS updates on claims support even on holidays.

Private Car Third Party

Remain cushioned against third-party liabilities by renewing your private car only liability insurance. Quick, convenient, and seamless with Bajaj Allianz.

Features of Car Insurance Renew Online

-Convenient Process :

Skip the hassle of physical visits. Renew your car insurance policy online quickly and easily with a few clicks.

-24x7 Support :

Access round-the-clock call assistance. Instant SMS updates ensure seamless claim tracking.

-Cashless Repairs :

Enjoy cashless claim settlement at over 7,200+ network garages across India. Locate the nearest garage by entering your city and PIN code. We ensure claims are handled quickly within a set number of hours for your convenience.

-No Claims Bonus Transfer :

Retain up to 50% of your No Claims Bonus when switching insurers. This feature helps reduce premiums or enhance your sum insured.

-Comprehensive Add-ons :

Boost your coverage and gain extra protection with add-ons. Choose from add-ons like Zero Depreciation Cover, Accident Shield, Roadside Assistance, Personal Baggage, and more to enhance your policy benefits.

-Secure Payments :

Make secure online transactions for instant policy renewals from the comfort of your home.

ADVANTAGES OF CAR INSURANCE RENEWAL WITH BAJAJ ALLIANZ

 As one of the leading general insurance companies in India , your convenience is our motto. When you renew car insurance policy with us you get:

24x7 Call Assistance

 Whether you are on road or off it, we are always beside you as your most trusted companion. You can call us anytime 24x7 for any assistance, even on holidays. We also offer you instant SMS updates for claims support. SMS X to Y for receiving claims support. Call us at 1800-209-5858 for any assistance.

50% Transfer of No Claims Bonus from Another Car Insurer

When you have paid premiums diligently why lose no claims bonus, received for every no claim year, in the event of switching insurers? Along with cost-effective car insurance premiums, we allow 50% transfer of no claims bonus that you have earned from your previous insurer, when you renew your car insurance policy with us. This can either push up the sum insured at no extra premium or reduce the premium amount. Thus, we ensure you don’t lose out on no claims bonus earned for being responsible with your vehicle.

Cashless Claim Settlement

Just as you can avail cashless treatment in network hospitals of your health insurer, we, at Bajaj Allianz give you the flexibility of cashless settlement at over 4,000 preferred garages across the nation. So, taking your car to your preferred garage is now simple and effortless. Just enter the PIN code and the city name to find the nearest garage. After filing a claim, we settle it in X number of hours.

24x7 Roadside Assistance

Like a best friend who is beside you through thick and thin, we provide 24x7 roadside assistance. Be it support for a flat tyre or jump start for a car battery or dealing with legal issues post-accident, we are ever ready to assist you. No matter the time of day, we are just a call away! Call us on 1800 103 5858 for roadside assistance and we will be with you instantly.

Additional Coverage Options for Car Insurance 

We all like something extra, don’t we? Bajaj Allianz Car Insurance provides a host of add-on covers to supplement your car insurance policy. Our add-on covers include:

Lock and Key Replacement Cover:

 Are you worried about the high-cost involved in making duplicate keys for your car in the event of their loss? Not anymore. With our Lock and Key Replacement Cover , we will compensate you with the charges incurred on buying new locks and keys of your vehicle.

Accident Shield:

Shield yourself and the occupants of your insured car from the financial implications of permanent disability or death due to an accident with our Accident Shield add-on cover.

Consumable Expenses:

Just as you need a healthy diet to keep yourself in top gear, your vehicle needs various consumables to run efficiently. Common consumables include brake oil, engine oil, gear box oil, AC gas oil and power brake oil. Replenishing them post-accident can pinch your pocket hard. At the same time, you can’t do without them. Our Consumable Expenses add-on covers the cost incurred for all these expenses.

Conveyance Benefit:

We understand that commuting without your favourite car can be a drag. Our Conveyance Benefit add-on provides you with ‘per day’ cash benefit for the number of days, your car, the insured vehicle, is in a workshop following accidental damage. The benefit is as per the plan chosen.

Personal Baggage:

Worried about loss of personal baggage? We understand that loss of personal baggage can be a huge cause of concern after a mishap. Keep your worries at bay as our Personal Baggage add-on indemnifies you from any loss or damage suffered by your personal baggage kept in your insured vehicle.

Zero Depreciation Cover:

As harsh as it may sound, the value of your car depreciates the moment you drive it out the showroom. With each passing year, the value of your insured vehicle goes down further. Does that mean a lower claim amount? Not really! Our Zero Depreciation Cover ensures that you get the full sum insured, without depreciation, on your claim. This cover helps you nullify the effects of depreciation on your vehicle and prevent heartburn during claim settlement.

How To Calculate Car Insurance Premium?

Here are some key factors that may influence your four-wheeler insurance renewal online:

- Car : The car's make, model, year, safety features, and repair costs all play a role.

- Driving Record : A history of accidents or violations leads to higher premiums.

- Coverage : The type and amount of coverage you choose (liability, collision, comprehensive) affects the cost.

- Demographics :Age, location, and even your credit score can influence your premium.

- Deductible : A higher deductible lowers your premium, but increases your out-of-pocket expense for claims.

Factors Affecting Car Insurance Premium

Understanding the factors that influence your premium empowers you to make informed decisions:

- Age :Statistically, younger drivers pose a higher risk, so premiums tend to be higher for them.

- Location : Areas with higher accident rates or theft risks will see higher premiums.

- Driving Habits : The more you drive, the higher the risk of an accident, potentially impacting your premium.

- Credit Score :In some regions, your credit score can be a factor, with a good score potentially leading to lower premiums.

- Car Modifications : Performance modifications or certain aftermarket parts might increase your premium due to perceived higher risk.

Why Is Immediate Insurance Renewal for Your Car Important?

Failing to renew your car insurance policy on time can leave you financially exposed to unforeseen events such as accidents or theft. An active policy ensures continuous coverage for third-party liabilities and damage to your vehicle. Renewing your policy promptly avoids penalties, ensures uninterrupted protection, and safeguards your No Claims Bonus.

Choosing Bajaj Allianz General Insurance Company ensures quick and hassle-free policy renewals, making it easier to keep your coverage up to date. This way, you can enjoy the security of knowing that your car is always protected, no matter what unforeseen circumstances arise. Don’t risk facing gaps in your coverage—renew your car insurance policy on time and keep your vehicle and finances safe from unexpected events.

How To Reduce Car Insurance Premium?

Here are some effective strategies for reducing four-wheeler insurance renewal online:

- Increase Your Deductible : This is the out-of-pocket amount you pay before your insurance kicks in. Opting for a higher deductible lowers your premium, but remember it would cost for repairs.

- Driving Record : A history of accidents or violations leads to higher premiums.

- Maintain a Clean Driving Record : Avoid traffic violations and accidents. A clean record demonstrates safe driving habits and rewards you with lower premiums.

- Shop Around & Compare Quotes :Don't settle for the first offer. Get quotes from multiple insurers to find the best coverage at the most competitive price.

- Avail of Discounts : Many insurers offer discounts for low mileage, taking defensive driving courses, insuring multiple vehicles, or having safety features on your car.

Why to Renew Car Insurance Online From Bajaj Allianz?

Car insurance renewal in India from us offers several benefits:

1. 24x7 Call Assistance :

Our helpline, available round-the-clock including holidays, offers immediate support and updates via SMS for seamless claims assistance. Call 1800-209-5858 for any help you need.

2. 50% Transfer of No Claims Bonus :

When you switch insurers, we let you retain 50% of your accumulated no-claims bonus. This helps maintain your sum insured or reduce premiums, rewarding your history of safe driving.

3. Cashless Claim Settlement :

Enjoy cashless repairs at over 4,000 preferred garages nationwide. Simply input your PIN code and city to find the nearest garage. Claims are settled swiftly within a specified number of hours for your convenience.

4. 24x7 Roadside Assistance :

Like a trusted friend, our 24x7 roadside assistance is ready for any situation—from flat tyres to jump-starts and legal support after accidents. Dial 1800 103 5858 anytime for immediate roadside aid.

How to Renew Car Insurance Online?

- Log on to our website www.bajajallianz.com and click on the ‘Renew Online’ tab.

- Fill in your existing policy number and vehicle registration number.

- Review the percentage of No Claim Bonus you’re eligible for this year

- Select the value of your car.

Opt for insuring your car’s additional fitments if you so wish. You can also opt for our DriveSmart Telematics Services to avail benefits like vehicle diagnostics, roadside assistance and more.

We offer three different packages for DriveSmart Telematics Services: Classic, Premium and Prestige. You can view the details of each before selecting the one that best suits your needs.

You can also opt for top-up covers to enhance your policy.

-  Review your policy, vehicle and personal details. In case there are any changes to your personal details like a change in your address or phone number, you can update it.

- Get your premium quote and make the payment. Vroom! You’re done

Important Considerations For Car Insurance Policy Renewal

-Just as you make changes to your diet to stay fit and healthy, it’s essential to renew your car insurance policy before expiry to stay protected. However, there are certain things to look out for while renewing your car insurance:

-Sum Insured - ‘Well begun is half done’ and the right sum assured increases your safety. While renewing your car insurance, do check the sum insured and evaluate whether you need to increase it or not.

-We, at Bajaj Allianz, give you the flexibility to increase the sum insured, if you wish to do so. The bigger the sum insured, the wider is the financial cushion.

-Add-On Covers - When you are on an expedition, along with clothes you take other necessary items such as water bottles, sleeping bags and neck tube among others. The same goes for car insurance. Add-ons serve as icing on the cake when it comes to car insurance.

-Our customised add-on covers ensure 360-degree protection against all financial liabilities arising due to theft or accident of your vehicle. Give your car a robust protection with a range of add-ons available with us such as Lock and Key Replacement Cover, Zero Depreciation Cover, and Personal Baggage among others.

-Tie-Ups with Garages - Knowing the exact destination where you need to go when needed can ease the journey to a great extent. We, at Bajaj Allianz, offer exactly that. Our tie-ups with over 4,000 garages across India ensure you find the one quickly near you when needed the most.

-These garages offer cashless claim settlement bringing high standard of services at your doorstep. All you need to do is to enter your city and the PIN code and you will get a list of the garages.

-Claim Settlement Process - After paying premiums diligently, you would want hassle-free claim settlement, isn’t it? Staying true to our commitment to provide top-notch services and prioritising our customers’ best interest, we offer a smooth and seamless claim settlement.

-Our quick Turn Around Time (TAT) coupled with the highest quality of service has helped us bag many prestigious awards at national and international events. We are one of the most trusted and sought-after general insurance companies in India, thanks to our customer-centric services.

-No Claim Bonus - Shouldn’t you be rewarded for careful driving and taking care of your car? No Claim Bonus or NCB, as popularly known, offers exactly that. For every claim free year, you get a bonus either form of reduced premiums or an increased sum insured.

-At Bajaj Allianz, not only do you get no claim bonus but can also transfer 50% of your existing no claim bonus from another insurer if you go for car insurance renewal with us.

-Coverages Offered - It’s better to be safe than sorry. Since car insurance renewals are annual contracts, there might be some changes incorporated by your insurer in your policy coverage. When you opt for car insurance renewal from us, you are offered coverage against:

-Losses Suffered Due to Natural Calamities – We offer coverage against damage due to fire, explosion, earthquake, hurricane, rock slides and storms among others.

-Losses Suffered Due to Man-Made Disasters – We compensate you for losses suffered due to theft, riot, burglary, terrorist activities or damages suffered in transit.

-Third Party Legal Liability – We protect you from financial losses arising from accidental damages suffered by a third-party due to your vehicle such as permanent injury or death.

-Renew your car insurance policy today with Bajaj Allianz and take advantage of a number of benefits.

-Get a Quote Now!