HDFC Ergo Car Insurance Renewal
Renewing your car insurance is just as important as buying a new one. If your policy is about to expire and you haven’t made any claims last year, you might wonder if you should renew it. But it’s always a good idea to renew your policy because you never know when something unexpected might happen.
How to Renew HDFC Ergo Car Insurance Online
Here’s how you can renew your policy easily:
- Go to the Square Insurance website.
- Click on "Renew Policy" in the menu.
- Enter your mobile number and click "Send OTP".
- Check your car insurance policy details.
- Click "Renew" to start the process.
- Make the payment to finish your renewal.
Once the payment is done, your policy will be renewed.
Things to Remember When Renewing Your Car Insurance
1Age of Car
Older cars may have higher renewal costs because the risk of damage increases with age.
2Inflation
Insurance premiums may increase due to inflation in the industry.
3Policy Changes
If you make changes to your plan, it can affect the renewal cost. Always read your policy carefully and stay updated on any changes.
4Claim History
Your past claims can impact the cost of your renewal premium.
5Grace Period
If you miss renewing your policy on time, HDFC Ergo gives a grace period of up to 90 days (varies by plan) to renew it.
What Happens If You Don’t Renew Your Car Insurance
- Breaking the Law: It is required by the Motor Vehicle Act 1988 to have at least third-party insurance. If you don’t, you could face heavy fines or even jail time.
- High Costs: Without insurance, you will have to pay for all damages or accidents yourself, which can be very expensive.
- Car Repairs: If your car is damaged in an accident, you will need to pay for the repairs on your own.
- Loss of No Claim Bonus: If you didn’t make any claims in the past, you earn a No Claim Bonus. You will lose this discount if you don’t renew your policy.
FAQs
Yes, you can renew during the grace period, which can be up to 90 days depending on your plan.
Your premium may increase due to factors like the age of your car, inflation, and changes to your policy.
You could face legal penalties, lose your No Claim Bonus, and pay out of pocket for any damages or accidents.
No, you usually don’t need new documents. Just ensure your details are up to date while renewing your policy.
Compare & Save Upto 90%. Get Car Insurance Starting at ₹2094/Year*
By clicking on You, Agreed to our Privacy Policy & Terms of use & *Disclaimer
Avarage Ratting
Insurance NewsCar Insurance Articles
What is The Difference Between RTO and DTO ?
Whether you own a personal or commercial vehicle, it is important to ensure that your vehicle is legally eligible to be driven on the road. After purchasing any vehicle, you must obtain legal permission to use it both within your state and outside of it.
Read More
Difference Between Power Petrol and Normal Petrol
Depending on the vehicle type and your preference, you can choose any of the fuels available in the market. However, the most common vehicle fuel is petrol. According to The Economic Times, approximately 57% of vehicles in India are powered by petrol.
Read More
Types of Roads and Highways In India
Which route did you take today to reach your workplace? A highway or just a local city road? Every road you walk on is not the same. Some of them can be a National Highway, or a state highway, or just your village road that takes you to the city.
Read More
What is The Difference Between a Petrol Engine and a Diesel Engine
Planning to buy a new car but still confused between petrol and diesel? You are not alone. Many people face the same issue before making a decision. Both petrol and diesel cars have their own benefits and drawbacks. Some give better mileage, while others are cheaper to maintain.
Read More
What are CD number plates in India ?
We often see many vehicles on the road with number plates of different colours.
Read More