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Factors that Influence the Premium of Car Insurance

Even though the number of car users is on the rise in India, stats suggest that people are still hesitant to buy proper all-inclusive car insurance. The primary reason behind this reluctance to buy insurance is usually the premium. The discussion below talks about factors that influence the premium. https://www.libertyinsurance.in/private-car-insurance

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Factors that Influence the Premium of Car Insurance

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  1. Factors That Influence the Premium of Car Insurance With the government of India having made vehicle insurance mandatory for every two and four wheeler owner; it has become vital for every vehicle owner irrespective of age or sex to possess the same. Especially, if you are a woman driver, you need to have a car insurance that is easy to purchase and renew as well as affordable too. So, In case you feel that the premiums you have to pay for the insurance policy you have to buy is too expensive; then you should go through the points mentioned below to understand the things that influence the car insurance premium for women.

  2. Two types of car insurance policies are available in India and that includes comprehensive and third party policy. The premium of the comprehensive policy depends on various factors and it may differ from one insurer to the other. On the other hand, in case of third party policy, the premium is decided by IRDA by taking into consideration the cubic capacity of the car’s engine. The type of fuel that is used to operate the car can also affect the car insurance premium. Thus, the premiums for diesel, petrol, and CNG cars may differ. Another thing that influences the ladies car insurance premium is car registration RTO. The car insurance premiums are classified based on the location of vehicle registration such as Zone A and Zone B. Zone A includes cities like Mumbai, Delhi, Chennai, Kolkata, Pune, Hyderabad, Bangalore and Ahmedabad while Zone B include the rest of India. For cars registered under Zone A, the insurance premiums are a tad bit higher than those registered under Zone B. These are some of the leading factors that often influence the car insurance premium. Liberty Videocon is a reputed insurance company that offers cheap car insurance for women so that they do not have to worry about the premiums and at the same time get the added benefits. Address : 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai Maharashtra 400013 Website : https://www.libertyvideocon.com Phone No : 022-67001313 Fax No : 022-67001606 Email : care@libertyvideocon.com Social Connections : Facebook : https://www.facebook.com/libertyvideocon Twitter : https://twitter.com/LibertyVideocon LinkedIn : https://www.linkedin.com/company/liberty-videocon-general-insurance Google+ : https://plus.google.com/+LibertyvideoconIndia YouTube : https://www.youtube.com/user/LibertyVideoconIndia

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