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Created on:

01 Mar 2024

Last Updated on:

16 Dec 2024

Renew Car Insurance After Accident: Expert Guide with Zurich Kotak General Insurance

Can I Get Insurance After An Accident? How to renewing car insurance after an accident in India

Accidents happen suddenly and catch you off-guard. Car insurance coverage protects against any unexpected damage provided you have an active policy. If you don’t have an active car insurance policy at the time of an accident, you will have to bear the cost of the damages. Hence, renewing car insurance before expiry is very important. In this blog, we will discuss different cases when you renew your car insurance after an accident and the process of car policy renewal.

Impact of an accident on your car insurance renewal premium

There is no impact of an accident claim on third-party car insurance renewal premiums because it is decided by IRDAI and uniform across all insurance providers. But if you raise an accident claim under comprehensive car insurance, your insurer sees you as a risky customer and will charge a higher renewal premium. However, if you don’t raise a claim there won’t be any impact. There can be two different scenarios after an accident that can affect your car insurance renewal.

  1. An accident occurs before the expiry of your car insurance policy

You can raise a claim if your car is involved in an accident during the coverage period. However, the scope of coverage depends on the type of policy you have. Raising a claim impacts your No Claim Bonus, you will lose your accumulated bonus and there will not be any NCB discounts on your renewal premium.

  1. An accident occurs after the expiry of your car insurance policy

If you have an accident and your car insurance policy has expired, you will have to pay for all the damages caused. If the accident caused is not your fault and someone else has caused the damage, the other party will be liable to pay for the damages to your car. If the policy is within the grace period you can get it renewed without getting a car inspection and may also receive an NCB discount on the renewal premium if no claim was raised in the previous year. Please note here that driving without car insurance is illegal and you may face punishment or penalty for it.

Renewing an expired car insurance after an accident

Renewing car insurance online is easy and convenient in a normal situation. However, renewing an expired car insurance after an accident requires additional steps.

  1. Go to your insurer’s website and select car insurance from insurance products

  2. Fill out the renewal form with your car details and proceed.

  3. Enter the date of expiry of your car insurance policy.

  4. You will be required to self-inspect your car.

  5. Compare plans and select a suitable plan.

  6. Upload a self-inspection video and pay the premium amount.

  7. The insurer will review your self-inspection video, once approved your insurance policy will be renewed.

Conclusion

If your car insurance expires, you will have to bear the cost of any damage repair that happens after the policy lapses. So, to avoid such a scenario go for easy car insurance renewal online, you can renew your car insurance on time and even get reminders to renew before your policy expires. Get your car insured with Zurich Kotak General Insurance for safety against any accidents and risks.

Related blogs

7 Common car accidents and how to prevent them

A comprehensive guide to personal accident car insurance

Understanding the mandatory Rs 15-Lakh accident cover for bike owners

What is personal accident coverage in car insurance


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Team Zurich Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Zurich Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.

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