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Long Term Car Insurance Online
Switch to Reliance General Insurance. Trusted by 5 Crore+ Indians
Tired of the continuous hassle of car insurance renewals? Want to find a solution that offers comprehensive coverage and a stress-free experience? Invest in Long-Term Car Insurance!
Securing your car from unexpected damage and loss is crucial to protecting your savings and is also mandatory as per Indian traffic rules and regulations. Among the various types of car insurance policies, a long-term motor insurance policy provides continuous coverage without regular renewals.
Reliance General Insurance offers comprehensive long-term motor insurance to provide additional peace of mind and convenience of vehicle protection without additional annual renewal hassle.
5 crore+ Happy Customers
Network of 10,000+ Cashless Garages
100% Claim Settlement Ratio
Competitive Premiumsstarting at ₹238/month
A long-term car insurance policy, also known as a multi-year car insurance plan, offers extensive coverage for your car for longer periods.
Standard 1-year car insurance plans offer an annual renewal facility. In contrast, a long-term motor insurance policy provides continuous coverage for your vehicle for multiple years, between 3-year car insurance and 5-year plans, for convenient car protection.
Thus, with a long-term car plan or vehicle insurance for 3 years or 5 years, you reduce the risk of losing insurance coverage in times of need due to delayed policy renewals. Moreover, you avoid the hassle of annual renewals.
Also Read - Benefits of Long-Term Car Insurance
Types of Long-Term Car Insurance
Details
Comprehensive Car Insurance
Reliance Private Car Package Policy - 3 years
With this plan, you get comprehensive coverage for your car. This includes coverage for your own damage and extensive coverage for third-party liabilities.
Reliance Private Car Policy - Bundled
With this plan, you get 1-year coverage for own damage along with 3-year coverage for third-party liabilities.
Own Damage Car Insurance
Reliance Private Car Policy - Standalone Own Damage Car Insurance
With this plan, you get coverage for all damages incurred by your car due to accidents, natural or man-made disasters, fires, etc.
Third-Party Car Insurance
Third-Party Car Insurance - 3 years
With this plan, you can enjoy continuous third-party coverage for damages incurred by third parties or properties for 3 years without any hassle of annual renewal.
Reliance Long-Term Car Insurance Features
Claim Settlement Ratio
Our 100% claim settlement ratio ensures quick and efficient claim settlements.
Competitive Premiums
With premiums starting at ₹X/month, we ensure affordability and accessibility for everyone.
Hassle-Free Processes
Our user-friendly website allows you to purchase, renew, and file claim requests in under 2 minutes for a hassle-free and convenient experience.
Customisation Flexibility
You can customise your 3 or 5-year insurance for car plan with a wide range of add-ons to increase coverage for specific needs.
Network Garages
Our wide network of 10,000+ garages ensures quality repair work and hassle-free cashless claims.
Personal Accident Cover
Benefit from a cover of up to ₹15 lakhs for injuries, death or disabilities.
No Claim Bonus
Get up to 50% NCB discount for every consecutive claim-free year.
Discounts
Enjoy discounts of up to 80% by buying your long-term car insurance plans online.
Reliance Self-i App
Download our mobile app to enjoy hassle-free and convenient policy-related requirements.
Customer Support
Our 24/7 customer support service ensures instant query resolution.
To find the most appropriate long-term car insurance policy for your vehicle, you must first assess your coverage needs and decide on a budget. This assessment is crucial to avoid paying for unnecessary coverage or overspending on premiums for long-term car insurance.
Once you understand the type of coverage you need and your budget, you must compare different car insurance long-term plans. This should be based on premiums and inclusions to determine which plan meets your requirements and fits within your budget.
You must also carefully review the various policy inclusions and exclusions to check whether what you require is covered in the plan of your choice. This will also help with effective claim settlements and reduce the risk of claim rejections for uncovered situations.
You need to read the policy document thoroughly to assess the various terms and conditions applicable to different types of claims. This will ensure you are well-prepared during emergencies and can access the necessary financial support in times of need.
Along with the choice of the right policy, you must also check an insurer’s claim settlement ratio. The higher the claim settlement ratio, the quicker and more efficient claim settlements will be. Reliance General Insurance has a 100% claim settlement ratio to ensure maximum customer support and satisfaction.
Check for the availability of online processes for policy purchases, renewing long-term car insurance, comparisons and claim requests with the insurer of your choice. This is crucial as it reduces the hassle of physical documentation and other time-consuming efforts in times of need.
Another important aspect to consider is the availability of customer support with the chosen insurer. Having 24/7 customer support ensures all your doubts and queries related to a long-term motor insurance plan are resolved instantly.
Remember to read the policy document carefully to understand the specific terms and conditions before making the final decision.
Also Read - Reasons Behind Purchasing a Long-Term Car Insurance Policy
The make and model of your car directly impact the multi-year car insurance premium. Premiums are higher for high-performance or luxury cars as they attract higher repair and maintenance costs compared to lower variants of the same car.
The age of your car also affects your multi-year car insurance policy premium. For older cars, given their lower market value, the premium tends to be lower, whereas for new cars, the market value is higher, resulting in higher premiums.
Some insurers also consider the age of the car owner or driver when calculating premiums. Young drivers under 25 are often considered a risk due to their lack of driving experience, resulting in higher premiums. On the other hand, older drivers with more experience can benefit from lower premiums.
Your driving record can increase or decrease your insurance premiums. A clean driving record attracts lower premiums, whereas a driving record with multiple traffic violations and accidents results in higher premiums due to the risk profile.
The type and number of add-ons you combine with your multi-year car insurance plan impact your premium. Every add-on increases the premium value, as the base coverage is customised for increased financial protection.
Deductibles refer to the out-of-pocket expenses you incur before the insurance claim kicks in during emergencies. A higher deductible results in lower premiums and vice versa. However, be careful when choosing a deductible amount to avoid getting burdened with hefty upfront expenses.
Your claim history also impacts the premiums. A history of numerous claims for your car can result in higher premiums. On the other hand, claim-free years can increase your No Claim Bonus benefit and result in lower premiums for your plan at the time of renewal.
The insured declared value (IDV) of your car also has a direct impact on your long-term car insurance premium. If you choose a higher IDV, you will be charged a higher premium and vice versa.
Parameters
Long-Term Motor Insurance Policy
Short-Term Car Insurance Policy
Policy Duration
The standard duration for a car insurance long-term plan is between 3 to 5 years.
The standard duration for a short-term car insurance plan is one year.
Premiums
Lower premiums are due to a longer commitment with the insurance provider.
The car insurance 1-year price can be higher or lower based on the type of coverage you choose. However, you can avail yourself of various discounts when you renew your policy.
Policy Flexibility
Limited flexibility as policy cannot be customised before the renewal date.
Ample flexibility to customise your plan as yearly renewals.
Renewal Convenience
Continuous coverage for longer durations without the hassle of annual renewals.
Coverage is limited to 1 year only.
Premium Payment
You only need to pay once at the time of policy renewal after 3-5 years.
Requires yearly payments to benefit from coverage for your car.
Potential Downside
This plan cannot be customised before the renewal, which indicates inconvenience for car owners who plan to change their coverage or vehicle.
Failure to renew on time annually can result in loss of coverage and the No-Claim Bonus benefit.
Why should I choose Reliance General Insurance for my car insurance?
Reliance General Insurance is one of the top insurance providers in India. Here is why you should choose them for your car insurance needs. -
Cashless claim convenience with over 10,000+ authorised garages
Customisation flexibility with a wide range of add-ons
Competitive premiums with many discounts for increased affordability
User-friendly website and online convenience for all insurance needs
24/7 customer support
A dedicated mobile app, Reliance Self-i for all your insurance needs
My car was stolen. What support can I get from my long-term car insurance?
If your car is stolen, you can file a claim with your long-term car insurance policy and get reimbursement based on your vehicle’s IDV. The amount of financial compensation you will receive will depend on your car’s deductibles and IDV alone, so you must consider the IDV amount carefully.
List some factors that influence 3-year car insurance prices.
Some of the crucial factors that impact car insurance for 3 years premium include location of the car, age of the car, make and model of the car, types and number of add-ons and insurance claim history.
Does the choice between online and offline policy purchase have any impact on long-term package policy 3 years premiums?
With the online process to buy 3- or 1-year auto insurance plans, you may benefit from lower premiums due to the following reasons -
Lower overhead expenses
Lower operational costs
Zero paperwork expenses, as paperless policies
Moreover, with Reliance General, you can avail of discounts of up to 90% on premiums for car insurance policies under different categories on online purchases. This reduces the premiums even further, making the online process an ideal option.
What is the main difference between long-term and annual car insurance plans?
The main difference between a long-term car insurance plan and a short-term car insurance policy is the policy tenure.
A short-term car insurance plan has to be renewed annually, whereas a long-term plan is usually for 3 to 5 years, after which renewal is required. Due to the longer duration of continuous coverage, long-term plans offer lower premiums.
Is a long-term car insurance policy mandatory?
According to the Motor Vehicles Act 1988 and the recent amendments, third-party long-term car insurance plans are now mandatory for all new vehicles in India. Not having this coverage can result in hefty fines and legal consequences.
What is the eligibility for long-term car insurance?
The basic eligibility criteria include -
You must have a valid car registration certificate
You must have a valid driving licence
You must be at least 21 years of age
You need to present your driving history
You must share copies of previous car insurance policies, if any
What documents are required to submit a long-term car insurance claim?
A duly filled and signed claim form.
A clear copy of your car’s registration certificate.
A clear copy of your long-term car insurance policy.
A First Information Report (for accidents or theft cases).
Driving licence.
Can I file a cashless claim with long-term car insurance?
Yes, most insurers, such as Reliance General Insurance, offer the convenience of cashless claims. With this option, all you need to do is take your car to one of the authorised garages within the insurer’s network and avail of a direct claim settlement between the insurer and the garage.
What is the return to invoice add-on for car insurance?
The return to invoice add-on is helpful when your car is damaged beyond repair or stolen. With this add-on, you can avail of a complete reimbursement of your car’s original price, regardless of the changed market value, to recover for the total loss of the vehicle.
What is the Insured Declared Value for a car?
The insured declared value of your car is an estimated calculation of your car’s market value at the time of car purchase. Based on this calculation, you get the same amount as compensation in case of a total loss of the vehicle. Thus, it is important to carefully decide the IDV of your car, as it has a direct impact on your claim amount.
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