Maruti Insurance Renewal: A Complete Guide for Car Owners
Maruti Insurance Renewal:- The possession of a Maruti vehicle is made like having a friend on Indian roads. Starting with the mainstream Alto and the more exclusive Baleno or user friendly Ertiga, Maruti Suzuki vehicles are known to be reliable, have high mileage and are easy to maintain. Yet, as it is our duty to take care of our car, when it comes to renewing its insurance it is also imperative that one does so in due time. Renewal of insurance is a mere formality taken by many owners of cars. It, in fact, is a very important measure that can secure your car, as well as your peace of mind.
This article will give you a step-by-step account of everything you should know about Maruti insurance renewal why this is important, how to do it, what to consider and a few personal tips to follow.
What is the importance of Maruti Insurance Renewal?
Let me share a quick story. One of my close friends once forgot to renew his Maruti Swift insurance before the due date because he believed, I drive well, there is nothing that will occur. Seven days afterward, his vehicle was a little bit damaged in a car park hit and run. The cost of repairing it was approximately ₹15,000, which could have been insured to in case he had renewed it in time.
This demonstrates that it is not only a legal measure, but also a prudent financial move to ensure that insurance is renewed in time.
Here are some key reasons:
- Legal necessity- Indian law provides that when one drives without appropriate insurance, he may be fined heavily.
- Financial protection - Accidents, theft or natural disasters can lead to massive expenses. The financial burden is lessened by insurance.
- Repairs without cash - Under the Maruti Insurance, there is a broad base of authorized service centres at your disposal.
- Peace of mind - You will be able to drive without the fear of getting an unexpected bill.
What Insurance can you renew?
When you approach Maruti Insurance renewal, you would normally get two major approaches:
Third-Party Insurance
It is the simple cover necessary by law. It merely includes the injury to the vehicles, property or damage of the other person. It does not take care of the damage to your own car.
Comprehensive Insurance
This is the third party liabilities as well as your own vehicle. It covers theft, fire, natural disasters and unintended damages too.
My tip: In case you have a new or mid-range Maruti car, then always ensure that you have comprehensive insurance. It spares you losses of greater magnitude.
What do we do to renew the Maruti Insurance? (Step-by-Step Guide)
In fact, it is quite easy to renew your Maruti insurance nowadays. You may renew either online or offline. Let me explain both.
Online Renewal
This is done at the expense of most individuals as it is fast and painless.
- Go to the Maruti insurance broking site or the site of your insurance company.
- You will be asked to enter your car specifications (registration number, policy number, and so on).
- Review the policy details, coverage and add ons such as the zero depreciation or roadside assistance.
- Pay through net banking, UPI or card.
- You will get the renewed policy in your email immediately.
Offline Renewal
In case you are not conversant with online payments, you can go to the nearest dealer of Maruti Suzuki or authorized insurance agent. They will assist you in terms of the renewal form and the payment. The copy of the policy will be availed in a short period.
There are things to be checked before renewing.
Do not simply press the button of renew without reading the information. These are some of the key things to take into account:
- Type of coverage - Select between third party or comprehensive.
- Add-ons Zero depreciation, engine protection, roadside assistance and consumables cover are quite helpful.
- No Claim Bonus (NCB) - You are entitled to a premium discount in case you did not claim anything last year. Don’t miss this benefit.
- IDV (Insured Declared Value) -This is the market value of your current car. Ensure that it is not underestimated, which has an impact on the value of claims.
- Premium comparison -Compare offers of various insurance companies before making up your mind. In other cases, you could have a superior bargain on the identical benefits.
Advantages of Maruti Insurance.
The reason is why many car owners pose a question, why should I go to Maruti Insurance and not other policies?
Here are some solid reasons:
- Extensive network of workshops- You receive cashless support at 5000 + approved workshops of Maruti in India.
- Authentic spare parts - Repairing is performed by using authentic Maruti parts.
- 24x7 support- 24 rd time support is offered.
- Fast claim settlement- Claims take less time to process than most general insurers.
Trusted by millions Advantaged by the reputation of Maruti Suzuki and partnership with the leading members of the insurance industry.
Self Recommended Precaution.
Last year was when I renewed my WagonR insurances and I first included zero depreciation cover. Initially, I did not consider it as a waste of additional expense. However, only two months later I was involved in a small accident and the front bumper had to be changed. I would have had to pay the depreciation expenses but with the add-on, the whole repair had been cash-free. This is when I realised that sometimes it is better to spend a little more in case of renewal and save much later.
Common Mistakes to Avoid
- Waiting to the last date- In case you forget to renew, your car will be uninsured at least one day.
- Do not use add-ons - A little additional premium will provide you with a superior coverage.
- Accepting default IDV- It is always advisable to confirm the value of your car under insurance.
- Comparison of the policies- Various insurers can offer varying benefits at the same premium.
What is the cost of Maruti Insurance Renewal?
The price is based on a number of factors:
- Which model of car do you have (Alto, Swift, Brezza, etc.)
- Age of the car
- Location (metro cities are generally more costly)
- Type of coverage (third-party is less expensive, comprehensive is more expensive and more secure)
- Add-ons selected
The renewal of an average Maruti car insurance can range between 5000 to 20 000 rupees every year.
Final Thoughts
Restoring your Maruti insurance is not merely a daily routine because it is one of the ways to safeguard your car, your money and your spirit. You may have a small hatchback car or even a high-end SUV but ensure that you have insurance on board. There is no point in not doing it now because you have the chances of renewing it easily online.
Therefore, the next time you have a policy that is due to expire, you do not have to wait to be reminded. Check benefits early, renew early and drive worry free.
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