Every vehicle on the roads in India should have an insurance policy which is called renew Car Insurance‘. According to the Motor Vehicles Act, 1989, each vehicle on Indian roads needs to have a legally valid insurance policy. If you don’t renew car insurance before it expires and the coverage lapses, then the insurance cover becomes illegal. If the vehicle is caught without a legal insurance policy, the owner faces criminal charges against him.
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It’s better to renew car insurance policy periodically rather than not at all because otherwise you might end up paying higher premium amounts for the same car. There are many reasons for which you may want to renew your auto cover such as increasing mileage, adding a new driver in the family, addition of a new car or even if your old policy has expired. In case you have not renewed your policy for some time then the renewal process may take more time but it will be worth it as you will get lower premium rates and better coverage.
When a car insurance policy expires its validity period will not lapse. The legal cover that you enjoy during the validity period will lapse and you will have to buy a new one if you want to continue driving the vehicle. It’s important to note that if your car insurance policy expires while you are driving it, you are considered a risk and the rates will be higher. Therefore, you should consider all these factors before driving a vehicle so that you don’t face legal action or a possible fine.