If you have a transferable job or like travelling from one state to another, your auto insurance coverage also travels with you across borders but you won’t be able to register your car with the old Insurance plan.
It is required to register your car within a specific time-frame not only for following rules, but to cover the risks also. So, your first step should be updating your Auto insurance plan.
Number of things you need to check when you are updating your policy.
If You Need to Change Your Plan
Before you are moving to another place, you must inform your Auto Insurance Company and check for a few things.
- Ask them if there is any need to change your coverage plan.
- Let them know if you are changing the driver.
Factors To Keep In Mind While Choosing A New Auto Insurance Plan
Auto Insurance companies changes their Premium rates according to the location. It depends on the place, whether it is a high risk place or a low risk place. Rates go up in places where crime is more, traffic is more and natural disaster risks are at higher pace and are lower for safer places.
Don’t drive without insurance, it’s illegal and if you are planning to switch your Car insurance company, don’t allow a time-lapse between them. Don’t cancel your previous policy without applying for a new one.
Check to confirm if the cancellation has been completed from the previous insurers. Confirm the new start date as well as previous cancel date. Get your new policy paper work done as soon as possible.
Cover Your Car while Travelling
Check with your Car Insurance Company if your car is covered during travel or you need to purchase some additional travel insurance. Update your Auto Insurance Company with your new contact details.
NOC from Bank
If your car has been financed by a bank, you need to update your bank regarding your move and get a No Objection Certificate (NOC) from the concerned bank. Before issuing a NOC, bank will do validation process on behalf of the documents you provided as your transfer reason.
NOC from RTO
You need to submit NOC form to the RTO Office where your vehicle is registered, along with Form 27, 28 and following documents:
- Application requesting for NOC for interstate transfer.
- Registration certificate, insurance papers, tax documents, emission test papers.
- Original chassis imprint of the vehicle.
- 3-4 copies of CMV Form 28.
- NOC copy obtained from bank.
- NOC from traffic police stating that your all violation dues are clear.
Re- registering your Car
Re-register your Car by submit following documents to your destination RTO Office.
- Duly filled Form 27-30.
- Original RC Copy.
- Insurance copy of car.
- Bank and RTO’s NOC.
- Original chassis imprint.
- Emission test certificate.
- Photo ID with local address proof.
- Passport Size photographs.
- Applicable fees.
Here are Some of the Best Car Insurance Plans in India:
Bajaj Allianz Car Insurance: They offer you innovative plans with easy insurance renewals. You can opt out the best for cashless settlement at 4000 garages and lot more.
- Transfer up to 50 percent of your existing No claim Bonus.
- Receive 75 percent on account payment facility when liability is above a certain limit.
- 24x7 Roadside Assistance.
- Get a Vehicle tracking and monitoring device.
- Towing Facility in the event of a Vehicle Breakdown.
- Zero Depreciation Cover can be availed as an add-on.
- Personal Accident Cover.
Bharti AXA Car Insurance: A joint venture between Bharti Enterprises and AXA Group offers vast varieties of Car Insurances. Their key benefits are:
- Cashless claim service over 2500 plus authorized network of garages.
- Discounts for Automobile Association members.
- NCB and Discounts based on age and profession.
- Depreciation cover gives you 100 percent repayment at the time of claim settlement.
- Third party property damage with a maximum cover of INR 7,50,000 in case of private cars.
- Personal Accident Cover.
- Road Side Assistance.
HDFC Ergo Car Insurance: It is a joint venture between HDFC Ltd. and ERGO International. It offers wide range of insurance plans for Cars.
Some of their Key features are:
- Instant paperless renewal.
- Additional Discounts if the policyholder is above age 35.
- Cashless settlements over 3400 plus garages across country.
- Special Add-on covers – Zero Depreciation, No Claim Bonus Protection.
- Quick claim settlement.
- Personal Accident Cover.
- Emergency Assistance cover by roadside Assistance.
- Return to invoice cover.
- Loss of Use/ down time protection.
Reliance Car Insurance: Reliance General brings to its customer’s car insurance plans that are designed to give you monetary aid, in unforeseen and uncontrollable circumstances.
Some Key Features are:
- Has A Personal Accident Cover
- Covers Loss or Damage to the Insured Vehicle
- Cashless Service in Reliance Network Garages
- Online Service
- Add on Engine Cover
- Add on Consumables Cover
- Key Protect Cover
Conclusion
Owning a vehicle is a pride for everybody and no one likes it when their car gets damaged, ruined or stolen and then be hit with a huge financial burden to get it repaired or replaced. Having a Car insurance cover for it is mandatory for car owners as without it you cannot drive on the road. It would be foolish to spend lakhs of Rupees on buying a car and not insuring it.
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