Motor insurance renewal in Brazil
Renewing motor insurance in Brazil typically involves contacting the current insurer to review policy terms and conditions, or shopping around for new quotes from other providers. The process usually culminates in payment of the premium to maintain continuous coverage for the vehicle.
Most insurance companies suggest initiating the renewal process approximately 30 days before the current policy's expiration date. This allows sufficient time to compare different offers, negotiate terms, and ensure that a new policy is active without any lapse in coverage, as driving without valid insurance can lead to penalties.
Start 30 days ahead
To allow for comparison shopping, negotiation, and ensuring continuous coverage without any gaps.
The process
- 1Contact the current insurance provider to inquire about renewal terms and a new quote for the upcoming period.
- 2Review the proposed renewal policy, paying attention to coverage limits, deductibles (franquia), and any changes in terms.
- 3Obtain quotes from other insurance companies to compare prices and coverage options. This can be done directly or through an insurance broker.
- 4Select the preferred insurance policy, considering factors like price, coverage, insurer reputation, and additional benefits.
- 5Provide any updated information requested by the chosen insurer, such as changes to the vehicle, driver profile, or usage.
- 6Make the premium payment according to the chosen payment schedule (e.g., single payment or installments).
- 7Receive and store the new insurance policy documents, which typically include the policy certificate and conditions.
What to bring
- Current motor insurance policy documents (if renewing with the same insurer)
- Vehicle registration document (CRLV - Certificado de Registro e Licenciamento de Veículo)
- Personal identification documents of the main driver (e.g., RG, CPF)
- Driver's license (CNH - Carteira Nacional de Habilitação)
Who handles it
SUSEP (Superintendência de Seguros Privados - Superintendence of Private Insurance)
https://www.gov.br/susep/pt-br
The cost of renewal, known as the insurance premium, varies widely based on factors such as the vehicle model and year, the driver's profile, claims history, chosen coverage, and the insurance company. It is determined at the time of renewal by the insurer and will be presented in the quote.
What commonly goes wrong
- Ensure there are no gaps in coverage between the expiration of the old policy and the start of the new one.
- Carefully review all terms, conditions, and coverage limits for the renewed policy, especially if switching providers, as they can differ significantly.
- Be aware of any changes in the vehicle's value or the driver's risk profile, as these can affect the premium.
- Confirm the payment schedule and methods to avoid cancellation due to non-payment.
Sources
This guide is based on one official source.
Other documents in Brazil
Motor insurance renewal in other countries
Often renewed together
Don't rely on remembering
Add this document to Duratum and we'll tell you when to start, and remind you before it matters.