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Go for three-year vehicle cover
Financial Express Kochi
|May 26, 2025
A COMPREHENSIVE THREE-YEAR INSURANCE POLICY CAN SAVE YOU UP TO 45% IN PREMIUM COSTS
PURCHASING A COMPREHENSIVE three-year insurance policy for a car can lead to significant savings on premiums, especially in case of a new electric vehicle (EV). Unlike an internal combustion engine, the insurance premium for an EV increases as the car ages.
Car owners benefit from lower costs by choosing a three-year policy rather than purchasing the own damage cover separately each year. The savings can be up to 35% in case of an internal combustion engine and up to 45% in case of an EV, basis the type of insurer and the car model.
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