3 Year Car Insurance Policy
Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehiclesits primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.
3 year car insurance policy. For finalizing the third party motor insurance premium in april this year insurance information bureau has provided data of underwriting years 2007 008 to 2012 13 for number of claims reported and cleared number of policies up to march 31 2013. The price you pay this year will be fixed as long as nothing changes for the next two renewals. Ways you can avoid being dropped. Welcome to saga car our car insurance cover level that comes with a 3 year fixed price.
With such wide ranging cover included your quote might be higher than a standard comprehensive policy. You will also need to pay less for the premium amount than ever before if this plan comes through. Your price may be locked in for three years but its not a three year policy you can choose to leave at renewal if you wish. 6 its best to remember.
There are several things that you can do to maintain a low risk status and reduce the chances of. If you can get a quote for a policy that lasts one full year will depend upon where you live and if an insurer in your area offers a 12 month policy. Car insurance is required mainly for the following reasons. In a scenario like this the standalone 1 year od policy may expire after the third party policy expires at the end of the 3 years of the latters term ie there will be a time period when the third party insurance would have expired unless renewed but the od policy term would not have expired.
On july 20 the supreme court ordered that third party insurance cover for new cars be for a period of three years and five years for two wheelers. Insurance regulatory body in india irda may soon increase the vehicle insurance period to once every five years instead of every year as per the prevailing requisite. But with the price then fixed for two. A third party liability policy is compulsory for all vehicles but you can decide to go for a comprehensive car insurance policy too.
Most car insurance companies will offer only six month policies but there are those that do offer 12 month policies. Some car insurance companies that offer 12 month policies include. The fewer the claims the better. Many insurance carriers will non renew a car insurance policy if there are three or more at fault claims are filed within a three year period.
The 3 year fixed price is included as standard with our saga car cover level as is uninsured driver cover legal protection onward taxi travel accidental healthcare and a protected no claim discount. Whats more the good news doesnt end here.