Your RTO details
RTO name
Contact No.
  • City & RTO
  • Car Brand
  • Car Model
  • Car Fuel Type
  • Car Variant
  • Registration Year
Get Car Insurance starting at only 2094/year #
Compare & Save upto 85%* on Car Insurance
  • Renew policy in 2 minutes*

  • 21+ Insurers to choose

  • 1.2Cr+ Vehicles Insured

    Other models
    Other variants
    Select your variant
    View all variants
      We don’t spam
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      Multi-Year Car Insurance

      As per the order of the Supreme Court, the Insurance Regulatory and Development Authority of India (IRDAI) has mandated for all the general insurance providers of India to offer multi-year third-party insurance to the vehicles that are sold after September 1st of 2018.

      Read more

      What Is Multi-Year Car Insurance?

      Multi-year car insurance policy refers to the point where instead of providing a car insurance policy with a one-year tenure, the insurer provides coverage for a tenure up to 3 years. With a multi-year car insurance policy, the insured does not have to renew the car insurance plan every year.

      However, this multi-year policy is applied to the vehicles that are purchased after 1st September 2018. Moreover, it is applied on purchasing third-party vehicle insurance only, and for a comprehensive plan, owners can still purchase the policy for one year.

      Benefits of Multi-Year Third-Party Vehicle Insurance

      The common benefits that you get with multi-year third-party vehicle insurance are:

      • No-Need to Rush for the Insurance Renewal Every Year: Even though you have to pay more premium but you are paying it collectively for three/five years. This means you do not have to pay the premium of your third party insurance policy for three to five years depending on your vehicle. Since you have paid the premiums in advance, you need not worry about renewing the car insurance every year. All you have to do is to pay the premium once and get the freedom from the renewal of your policy for three to five years as per your vehicle.
      • You Can Easily Port Your Insurance Provider: Taking an insurance plan for three or five years does not mean that you have lost all the hopes to change your insurance provider for this tenure. This rule or plan gives you full flexibility for porting your insurance provider to get better coverage and the best deals like the deals offered on National Insurance Car renewals.
      • Beat the Price Hike on Third-Party Insurance: The Indian government increases the rates of third-party insurance in every financial year. However, as you have paid the premiums for your insurance policy in advance, you will not have to worry about it. You do not have to pay extra money for this hike.
      • Lesser Uninsured Cars/ Two-Wheelers on Indian Roads: The number of uninsured vehicles on the roads of India will for sure decrease. This is because most people forget to renew their insurance policy on time.

      Types Of Multi-Year Car Insurance

      Further, as per the order of the Supreme Court, you will be given the below mentioned three options for your vehicle insurance when you are purchasing a brand new vehicle:

      • Option one: You can buy only a third-party liability insurance policy for three years.
      • Option two: You can purchase a comprehensive insurance plan for three years, which will be very expensive and not recommended.
      • Option three: You can purchase a comprehensive insurance policy for one year with three years of third-party liability insurance. This is one of the most recommended options.

      Since the law has mandated third-party insurance cover for giving you financial protection against any accidental expenses that occurred to third-party, thus for covering your own vehicle against any loss or damage you must take a comprehensive insurance plan. For this, you can opt for any of the above-mentioned options.

      The premiums of the comprehensive plans depend on various factors such as the make and model of your car, safety devices installed in your vehicle, the purpose of your car/ bike, and the area where you are staying.

      Explore add-ons for your car insurance

      Plans starting from @ ₹2,094/year*
      Car Insurance
      Zero Depreciation Car Insurance
      Car Insurance
      Compulsory Personal Accident Cover
      Car Insurance
      Bumper to Bumper Insurance
      Car Insurance
      NCB Protector Add-On Cover
      Car Insurance
      Bundled Policy
      Car Insurance
      Roadside Assistance Cover
      Car Insurance
      Return To Invoice
      Car Insurance
      Engine Protection Cover
      Car Insurance
      Personal Possessions Cover
      Car Insurance
      Voluntary Deductible in Car Insurance
      Car Insurance
      Key Replacement Cover
      Car Insurance
      Daily Allowance Cover
      Car Insurance
      Tyre Protector Cover
      Car Insurance
      Rim Damage Cover
      Car Insurance
      Car Accessories Cover

      Insurance Premium As Per Engine Capacity

      Learn about the insurance premium that a policyholder has to pay for a multi-year car insurance policy as per the engine capacity of the car is listed in the table below

      For Cars:

      The capacity of the Engine

      Multi-Year (Three Years) Third-Party Premium (Rs.)

      Less than 1000 CC


      Greater than 1000 CC but Less than 1500 CC


      Greater than 1500 CC


      Difference Between One-Year & Multi-Year Car Insurance

      Learn about the difference between one-year and multi-year car insurance policies in the table below:


      Single Year



      Mandatory multi-year third-party for new cars

      Mandatory for every car


      Once in 3 years

      Every Year


      Lesser premium due to one-time payment for 3 years

      Higher as compared to multi-years

      Why Multi-Year Third-Party Insurance?

      • A third-party insurance policy for vehicles offers cover for damages and losses caused to the life or property of any third party because of the vehicle that you own. Therefore, it offers financial protection to you against the losses caused to a third party.
      • A multi-year insurance plan ensures you that you are protected for the long term without any complications.
      • It also provides you protection against legal liabilities incurring because of the death, injury, or damage caused to a third party.
      • A third-party insurance policy for multiple years is more affordable and cheaper than purchasing the same plan every year.

      It must be clearer to you that a third-party insurance cover does not offer any protection to your own vehicle and for the same you have to buy a comprehensive insurance plan.


      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Save upto 85% on Car Insurance
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
       Why buy from policybazaar
      Claim Assurance Program

      Car insurance articles

      • Recent Article
      • Popular Articles
      20 Jun 2024

      Top 5 Car Care Tips to Beat The Summer Heat

      The extreme heat and constant heat wave warnings have made

      Read more
      11 Jun 2024

      How to Check Car Owner Details By Registration...

      Scenarios like hit-and-run accidents or purchasing a second-hand

      Read more
      21 May 2024

      Get Faster Claim Settlement with Policybazaar...

      Getting your car insurance claim settled is no longer a hassle

      Read more
      17 Apr 2024

      Understand the Nitty-Gritty of Car Insurance...

      Have you recently purchased a car insurance policy for your new

      Read more
      22 Feb 2024

      IDV in Car Insurance

      In layman's terms, the IDV full form is the Insured Declared Value

      Read more
      11 Aug 2021

      How to Check Car/Vehicle Insurance Status Online

      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your vehicle must

      Read more
      20 Jun 2019

      Getting Your Duplicate Car Insurance Policy is...

      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your

      Read more
      20 Dec 2021

      How To Find Car Insurance Details By Registration...

      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access

      Read more
      03 Jun 2016

      How to Transfer Car Insurance Policy?

      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer

      Read more
      20 Jul 2017

      Comprehensive Insurance Vs Third Party Insurance

      Comprehensive car insurance offers protection to the insured car against third-party liabilities and own damages due

      Read more

      #Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc

      *Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.

      ##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.