Maruti Suzuki is renowned for its exceptional quality and unparalleled performance, making it the epitome of automotive excellence. With a rich legacy and a commitment to innovation, Maruti Suzuki has consistently dominated the Indian market by delivering vehicles that excel in reliability, fuel efficiency, and cutting-edge features.
With owning a vehicle comes big responsibilities. As per Motor Vehicles Act, 1988, it is mandatory for every vehicle owner to have a third-party insurance cover to be able to legally drive on the Indian roads. Besides the legal importance, the convenience of having your vehicle insured at all times is undeniable. If you drive your car with an expired insurance cover, you will have to face the legal consequences. In addition to this, you will also have to bear the financial burden that comes with it in case of an unfortunate event.
Renewing car insurance is, therefore, of utmost importance since it provides you with a sense of peace at any given time. It’s a smart and responsible choice that safeguards your vehicle, finances, and well-being on the road. Read on to know more about the steps you have to follow in order to get your car insurance renewed.
Details Necessary For Maruti Suzuki Insurance Renewal
Before we take a deep dive into the steps to follow, let’s look at the details which are important to get the Maruti Suzuki Car Insurance Renewal done:
- Applicant’s full name and address
- Maruti Suzuki’s make and model
- Car’s registration number
- Policy number of previous insurance policy
- Add-on covers (if any)
- Payment details
- No claim bonus (if any)
Note: No Claim Bonus (NCB) in car insurance plays a significant role in the renewal process of car insurance. It is a reward given to the policyholders for not making any claims during the policy tenure. When you renew your car insurance and have accumulated NCB, you can avail of a discount on the premium. The NCB discount increases with each claim-free year, resulting in substantial savings. By renewing your Maruti Suzuki insurance regularly, you can accumulate NCB and enjoy lower premiums. It acts as an incentive for safe driving and responsible behaviour, encouraging policyholders to renew their car insurance on time and maintain a positive insurance history.
Step-wise Guide to Renew Maruti Suzuki Car Insurance
Here are the steps that you must follow to get your Maruti Suzuki Car Insurance renewal done:
1. Comparison of Car Insurance
When renewing car insurance, it is crucial to compare several insurance providers to ensure that you’re getting the best coverage and value for your money. Comparing car insurance policies allows you to assess several factors such as coverage options, premiums, deductibles, add-on benefits, customer services, and claim settlement history. By comparing several car insurance options, you can find a policy that best suits your needs, provides adequate coverage, and fits within your budget. It also helps you identify any gaps or limitations in your existing policy and make an informed decision about switching providers if necessary. Comparing car insurance while renewing ensures that you are getting the most comprehensive and cost-effective coverage available in the market.
2. Choose the insurance type
Selecting the right insurance type while Maruti Suzuki Insurance renewal depends on your specific needs and circumstances. Here are two common options you can consider:
- Third party liability cover
This insurance policy is mandatory as per the Motor Vehicles Act, 1988. It covers the costs of damage and injuries caused to the third parties involving the insured car. While it provides basic damages, it does not cover the damages to your own vehicle.
- Comprehensive insurance cover
This type of insurance policy offers broader coverage including third party liabilities and the coverage for damages to your own vehicle due to accidents, theft, or natural disasters. It provides greater financial coverage and a sense of peace to the policyholders.
You must consider several factors such as your budget, your car’s value, your driving habits, and coverage requirements. After having assessed your risk appetite, needs, and goals, you must make an informed decision to ensure that you have the right insurance in place while renewing your policy.
3. Provide the necessary details
After having selected the right type of insurance policy, you will have to navigate to your insurer’s website or the nearest branch office. You will then have to fill out an application form by providing them with the necessary information like your name, address, policy details, and more, as mentioned above.
4. Choose the right add-on covers
If you choose a comprehensive car insurance policy, you can select one or more of several add-on benefits during the claim process. Here are a few add-on covers you can choose from:
- Zero depreciation cover
The insurance company does not take into consideration your car’s depreciated value during the claim process.
- Roadside assistance cover
Under this add-on cover, your insurance company will offer you several facilities such as battery jumpstart, towing, fuel, minor repairs, and more in case your car breaks down unexpectedly.
- Return to invoice cover
In this case, your insurer can claim for your car’s ex-showroom price in case your vehicle suffers complete loss due to a natural calamity or theft.
- Engine protection cover
You can claim for the repair or replacement costs of your car’s damaged engine under this add-on benefit.
- No claim bonus protection cover
You can still have your no claim bonus intact even after having made up to two claims in a span of one year under this add-on benefit.
5. Select the payment method
After having made the choice of your add-on cover, you will have to move on to the payment section. As soon as you complete your payment and the insurer receives it, you will then get a renewed insurance policy via mail. This policy document is a legal document which is compulsory to have every time you drive your car on Indian roads. You may even have to show this to the authorities if asked for. You can also make multiple copies of this document in order to be safe and have backup options.
Conclusion
Maruti Suzuki Insurance renewal is a necessary process. Whether you choose a third-party liability cover or a comprehensive car insurance policy, you will be able to drive your car with a sense of peace and confidence. Follow the steps as discussed above to get the maximum value for your money!
