One Car Insurance- For Multiple Cars

Get Car Insurance starting at only ₹2,094/year #
Car Insurance

Karan is planning to buy a car and bestow it upon his wife on their fifth marriage anniversary. Though he is excited and happy, somehow, he is worried, as he already owns two cars.

Read more

  • Renew policy in 2 minutes*

  • 20+ Insurers to choose

  • 1.2Cr+ Vehicles Insured

Car Insurance

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Mobile No.
      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.

      Now, what is worrying Karan?

      Karan is smart and likewise understands the importance of having a car insurance policy. Now, as he owns two different cars, so he already has two car insurance policies respectively.

      He is worried that again he needs to buy third time a car insurance policy. He is in double thoughts of not buying a car insurance policy. However, he is confused as he understands that eventualities do not come knocking and anything can happen anywhere at any point in time.

      This might be a major concern for most of the car owners of buying car insurance policy for every car they own.

      Soon, you will Pay a Single Premium for the Multiple Cars you Own

      Yes, you read it right!

      Now, if you own multiple cars you, soon you will just need to pay a single premium for all the cars you own with Pay as you drive motor floater policy. As per the Insurance Regulatory and Development Authority of India, the motor owners are permitted to pay a premium on the premise of the usage of one’s vehicles, which is basically the Pay-as-you-use model under the IRDAI’s sandbox approach.

      Paying a single premium for all the cars you own will help in optimising the sum insured for you.

      As a matter of fact, at a time, you will drive one car only. Now, this creates provision of motor floater policy, which may be benefitted by the users. Edelweiss General Insurance Company Ltd. is planning to launch an application-based interface, which will provide motor floater policy for own damage cover.

      The following are the features and benefits of Pay-as-you Drive motor floater policy as per the IRDAI’s sandbox guidelines:

      • The application-based floater plan will permit the insurers to cover any damage caused to the vehicle based on the usage
      • Based on the usage of the vehicle, the premium will be charged
      • The customers have the flexibility to add and delete vehicles as per the requirement on the application
      • Option to optimize the premium and sum insured amount is given
      • It is completely paperless, and claims can be settled through live video, uploaded either by the garage or the user

      Moreover, with the help of this application, the driving skills of the owner will be monitored and on the premise of this, a reward will be provided to the owners for secured driving skills.

      Besides, an advantage of this application is that while calculating premium at renewals scores will be given to the customers, which will be reflected then.

      Motor Floater Policy

      Until now, we had a family floater health insurance policy, which essentially provides cover for all the members of a family under a single plan.

      As mentioned above, Now, soon you will have a floater motor policy based on the pay-as-you-drive model will be launched only as a pilot product as per the IRDAI guidelines. The insurance providers, such as Edelweiss General Insurance, Bharti AXA General Insurance, Reliance General Insurance will soon make this a reality.

      This motor floater policy will be quite useful in reducing the cost of premium that goes in buying standalone motor insurance plans, especially during the COVID-19 lockdown. And the user will be able to choose the vehicle to be insured every time it’s used.

      Soon people will be able to buy it online from Policy Bazaar’s website in a seamless and convenient manner.

      What Could be Better than Choosing and Customizing the Car Insurance Policy on your own?

      No one other than you would know the requirements regarding your car.

      In India, third-party liability insurance is a legal mandate. However, it is always better to opt for a comprehensive car insurance policy. If required, opt for relevant additional covers, which will enhance your policy and provide you with an extra layer of security.

      Pretty sure that you are SMART and one of those who will buy a car insurance policy.

      To Conclude

      Soon the policy will cover multiple cars in one, it will not just save your time besides, you need not get into the hassle of buying standalone policies for different cars even if you do not drive them much.

      With the advancement of technology and digitization, buying a car insurance policy online has become easy and flexible. Besides, buying a car insurance policy online will save you from frauds.

      Also, before you buy a car insurance policy compare and analyse the quotes online.

      Happy Driving!

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
       Why buy from policybazaar

      Car insurance articles

      Recent Articles
      Popular Articles
      IDV in Car Insurance

      22 Feb 2024

      In layman's terms, the IDV full form is the Insured Declared Value
      Read more
      Must-Have Car Insurance Addons for Brand New Cars

      31 Jan 2024

      Investing in a full-coverage car insurance policy is essential for
      Read more
      No Claim Bonus (NCB) in Car Insurance

      29 Jan 2024

      No Claim Bonus (NCB) is a reward given by an insurer to a
      Read more
      How to Choose the Right Car Insurance for Your First Car?

      17 Jan 2024

      Buying their first car is no less than a milestone unlocked for
      Read more
      Things To Know Before Purchasing Sedan Car Insurance

      12 Dec 2023

      The type of four-wheeler you purchase also impacts its insurance
      Read more
      Check Vehicle or Car Insurance Status/Validity Online
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your car must be
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      Find Car Insurance Details By Registration Number
      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access
      Read more
      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
      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

      View Plans
      Download the Policybazaar app
      to manage all your insurance needs.