Introduction
Waiting until the last day to renew insurance is common among car owners. But did you know that renewing last-minute can result in higher premiums and delayed coverage? This article explains the risks and smart ways to renew without issues.
1. Risk of Higher Premiums
- Insurance premiums may increase if renewal is late or there is a coverage gap.
- Insurers may reduce your NCD or remove discounts if there’s a period without protection.
- This can lead to higher annual costs even if no claims were made.
2. Risk of Coverage Delay
- Insurance coverage usually starts after payment is received and documents are verified.
- Last-minute renewal may result in coverage not being active on day one, especially if there are issues with vehicle or owner details.
- Without valid coverage, you are not protected in case of accidents or damage.
BJAK Tip: Renew 1–2 weeks before expiry to avoid these risks.
3. Smart Ways to Renew
- Check insurance and roadtax expiry dates.
- Use BJAK reminders to avoid missing renewal.
- Ensure all vehicle and owner details are updated before renewal.
- Choose insurance with instant coverage if there are no issues, so your renewal is immediately active.
Conclusion
Renewing at the last minute can lead to higher premiums and delayed coverage. With early planning, updated details, and BJAK reminders, you can ensure insurance is active on time and costs remain low. Don’t wait until the last moment — protect your car wisely.
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