Benefits of 3 year Two Wheeler Insurance

Two wheelers are by far the most popular means of travel for the common man in India. They form nearly 70% of the traffic in our country and their popularity can be attributed to the fact that they are cheaper and more convenient compared to four wheelers. However, in order to be able to ride your two-wheeler in the country legally, it is a must to have a two wheeler insurance for your vehicle. As most insurance providers give out insurances for a year’s period, it is a bit of a pain to renew your insurance every single year.

The result of this is that most people tend to ignore their two wheeler insurance policy, and often get delayed when it comes to renewing motor insurance. This leads to them using their vehicles without an insurance for a certain period of time. In order to avoid this, insurance providers such as ICICI Lombard, Bharti AXA, etc. have started off with a scheme of long term two wheeler insurance in India. These long term schemes allow you to sign up for a two wheeler insurance for a period of two or even three years, and saves you from the hassle of approaching the insurance provider every single year.

In addition to this, there are a number of other advantages that come with a long term two wheeler insurance in India. As insurers will be able to cut down on the administrative costs of providing insurance, the benefits of this reduced costing will be directly transferred to the customer. They can now buy a three year cover of insurance at a significantly cheaper price compared to buying a single year policy on three different occasions. One can also buy an extended two wheeler insurance policy online. This will not just further reduce the cost of insurance, but will also allow customers to sign up for an insurance plan from the comforts of their home.