Why Car Insurance Premium Varies

Are you left wondering why car insurance premium

varies even though all factors seem constant?

Here is a quick overview to

understand this jigsaw…

Premium variation is a result of inherent risks…

The risks are bucketed into four broad categories…

Vehicle Related:

Fuel-type, engine capacity, etc.

Location Related:

Place of registration

Experience Related:

Claims history

Driver Related:

Age, Profession, etc.

Vehicle Related:

Engine Capacity

New Vs. Old

Diesel Vs. Petrol

Location Related:

Place of Registration

Traffic in Neighbourhood

Crime rate in the area

In the long term, if you have not claimed your

insurance, it should favourably affect your premium…

Experience Related:

Claims History

Driver Related:

Driver age

Profession

Medical History

Others

In urban areas, in a densely populated neighbourhood, premium is

bound to increase if thefts or accidents are higher than average…

If your vehicle is installed with anti-theft devices (approved by

Automotive Research Association of India), you will get a discount….

Looking for a straight road to decent

discounts on your car insurance premium?

Your best bet is to compare online?

Have you reached out to a consultant yet?

Call us Toll Free: 1 800-419-419-1

Email: [email protected]

Website: www.policyboss.com

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