Car insurance premium, safety features in cars, car insurance premium rates in India, how to reduce car insurance premium in India, low cost car insurance
Every car running on public roads or highways is liable to get insured. Driving a vehicle without its proper insurance is an offensive crime in our country. Before getting your car insured, it is important for everyone to know about the different car insurance premium rates of the different companies. The car insurance premium not only varies from company to company, but also is highly fluctuating from driver to driver.
While deciding the car insurance premium rates in India, companies do a thorough check of the car’s as well as driver’s history. Few factors on which the insurance premium of a vehicle are as follows:
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Driver history
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Car type
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Annual mileage
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Driving violations
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Credit rating
There are several other factors, keeping a check on which can make you pay low cost car insurance premium.
Everyone who owns a car will definitely want to have low cost car insurance premium. One of the most important parameters which the insurance premium depends is the safety features in cars. People willing to know how to reduce car insurance premium in India, they must focus on increasing safety features in cars. As much as the owner is interested in increasing the safety features of its car, the insurance company will relatively reduce the cost of the premium. To keep your car insurance premium at a low rate, try not to ask for frequent claims (if not necessary), frequent traffic violations and change the number of drivers for the vehicle. The rate of the insurance premium of your car is directly proportional to the amount of risk laid on the vehicle. So, it is highly recommended to maintain the safety features of cars in order to keep the insurance premium at low rates. We all know that car premium consume a healthy portion of our budgets so one should ensure that suitable steps are followed for low cost car insurance premium.
