Factors Affecting Your Car Insurance Premium
There are several factors which can easily affect owners car insurance premium but some of the most important are discuss below:
1. Model
Model of the car, fuel type, capacity are the few important factors that can determine the car insurance premiums. There are a few cars which have higher maintenance cost and also have a higher premium like SUVs.
2. Location
Premium majorly depends on the location where the car is registered and if the owner lives in an urban area then the cost will be high compared to the rural area.
3. Profession
Profession and age also affect the car insurance premium, if the car has multiple drivers the the premium cost of the car will be high.
4. No Claim Bonus
If an owner has not filed any claim during the policy term then that owner will get the advantage of No Claim Bonus.
5. Claim Settlement Ratio
Claim Settlement ratio means the number of claims the owner has made till date. People can easily find about these claims on the website of IRDA.
Best Car Insurance Companies In India
Car Insurance companies help people manage any financial expenses that may cause uncertainty with their cars like road accidents, fire, natural calamities, and so on. Today various companies in India offer different car insurance plans which also include customized plans in people’s budgets. These companies have an ample amount of plans for different customer needs and requirements.
Due to competition, people got confused about how to choose the best car insurance company for them. In this blog, we will deal with various queries related to insurance companies and try to answer each one of them in detail.
Table of Content
- How to Choose the Best Car Insurance Companies In India?
- Types of Car Insurance Policies In India
- Difference Between the Types Of Car Insurance Policies In India
- Factors Affecting Your Car Insurance Premium
- How To Buy The Best Car Insurance Policy In India?
- Explore Add-ons For Your Car Insurance
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