How to Get Vehicle Insurance or Renew Old Vehicle Insurance: A Complete Guide
Whether you’re buying your first car or riding your trusted two-wheeler for the tenth year in a row, one thing remains non-negotiable — vehicle insurance. It’s not just a legal requirement in India, but a practical safety net against unpredictable mishaps. And in today’s digital-first world, platforms like Policybazaar make the process smoother, quicker, and more transparent.
In this article, we’ll walk you through how to get vehicle insurance on Policybazaar, and more importantly, how to renew your old vehicle insurance without stress or last-minute panic. Let’s decode the process, backed with real-life experiences, expert insights, and practical tips.
🚗 Why Vehicle Insurance is a Must in India
Before diving into the ‘how’, let’s understand the ‘why’.
According to a 2023 report by the Ministry of Road Transport and Highways, India recorded over 4.6 lakh road accidents, many of which resulted in injuries and property damage. Without insurance, these incidents can cost you a fortune.
Besides, under the Motor Vehicles Act, 1988, it is mandatory to have at least third-party insurance for any vehicle plying on Indian roads.
So, whether you’re a daily commuter or an occasional driver, vehicle insurance protects your finances, your vehicle, and your peace of mind.
🧭 Why Choose Policybazaar for Vehicle Insurance?
Policybazaar has emerged as one of India’s most trusted online insurance aggregators. But what sets it apart?
✅ Benefits of Buying Insurance on Policybazaar
Multiple Options in One Place: Compare premiums, features, and benefits from over 20 insurers.
Zero Paperwork: Fully digital process, right from application to issuance.
Expert Assistance: Free consultation via chat or call.
Instant Quotes: Based on your vehicle details.
Affordable Add-ons: Get coverage for zero depreciation, engine protection, roadside assistance, etc.
A friend of mine recently bought insurance for her Hyundai Grand i10 through Policybazaar. It took her less than 10 minutes, and she got a much better deal compared to what the dealership offered.
🛠️ How to Get Vehicle Insurance from Policybazaar: Step-by-Step
Here’s a simple, no-jargon guide to getting your vehicle insured via Policybazaar:
🏁 Step 1: Visit the Official Website or App
Go to Policybazaar.com or download their mobile app. The homepage has a clearly marked option for ‘Car Insurance’ or ‘Two-Wheeler Insurance.’
🚘 Step 2: Enter Vehicle Details
You’ll be asked for:
Vehicle registration number
Make, model, and variant
Year of manufacture
RTO location
Don’t worry if you don’t remember all of this—Policybazaar helps you fetch the details using just the registration number.
🧾 Step 3: Choose Insurance Type
There are three main types:
Third-Party Insurance – Basic legal coverage
Comprehensive Insurance – Includes own damage + third-party
Own Damage Only – For those with active third-party insurance separately
Most people opt for comprehensive coverage for complete protection.
📊 Step 4: Compare Plans
This is where Policybazaar shines. You’ll see side-by-side comparisons of premiums, IDV (Insured Declared Value), add-ons, and claim settlement ratios.
Pro tip: Look beyond the cheapest premium. Check customer reviews and claim support ratings.
📝 Step 5: Customize Your Plan
You can add features like:
Zero depreciation
NCB (No Claim Bonus) protector
Engine and gearbox protection
24×7 roadside assistance
These might increase the premium slightly but are worth the investment.
💳 Step 6: Make Payment and Get Policy Instantly
Once you finalize the plan, pay online via UPI, net banking, or card. Your policy document is emailed instantly — no paperwork, no waiting.
🔁 How to Renew Your Old Vehicle Insurance on Policybazaar
Did you know that over 60% of vehicle owners in India forget to renew their insurance on time? Don’t be that person.
Policybazaar makes the renewal process seamless — even if your policy has lapsed.
📆 When Should You Renew?
Ideally, renew your insurance at least 15 days before expiry. If your policy lapses, you’ll lose accumulated No Claim Bonus (NCB) and may need a vehicle inspection.
🔄 Steps to Renew on Policybazaar
1. Go to the Insurance Renewal Section
Click on ‘Renew Car Insurance’ or ‘Renew Two-Wheeler Insurance’ on the homepage.
2. Enter Existing Policy Details
Provide your old policy number or vehicle registration number. The system fetches your existing plan.
3. Review and Compare
You’re free to switch insurers or upgrade your plan. Policybazaar helps you compare renewal quotes in seconds.
4. Customize and Pay
Add desired features, update IDV if needed, and proceed to payment. That’s it!
Your renewed policy will land in your inbox within minutes.