What are the factors that affect car insurance premiums in India?
July 9, 2025
  • Read Ecopy
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • International
  • Opinion
  • Op Sindoor
  • More
    • Analysis
    • Sports
    • Defence
    • RSS in News
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
MAGAZINE
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • International
  • Opinion
  • Op Sindoor
  • More
    • Analysis
    • Sports
    • Defence
    • RSS in News
    • Politics
    • Business
    • Economy
    • Culture
    • Special Report
    • Sci & Tech
    • Entertainment
    • G20
    • Azadi Ka Amrit Mahotsav
    • Vocal4Local
    • Web Stories
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
Organiser
  • Home
  • Bharat
  • World
  • Operation Sindoor
  • Editorial
  • Analysis
  • Opinion
  • Culture
  • Defence
  • International Edition
  • RSS in News
  • Magazine
  • Read Ecopy
Home Bharat

What are the factors that affect car insurance premiums in India?

Once you know about these factors, you can use them to determine the premium cost on your own, and decide which insurance is most suitable for you. You can also advise your friends and relatives about the premium that will best suit them

by WEB DESK
Jun 28, 2023, 08:30 pm IST
in Bharat
FacebookTwitterWhatsAppTelegramEmail

Car insurance in India is one of the most discussed topics. It is mainly because of the high premiums and legal issues. Most people do not even know what is covered in four-wheeler insurance. People have one perspective that, in case of damage, their financial loss will be covered by the insurance companies. But it is not just about financial loss. The first thing that people must know is which car insurance to buy. Depending on the Indian conditions, there are lots of factors that must be considered. In this article, you will understand those factors in detail.

1. The Engine Capacity of the Car

Indian cars have a different engine capacity than foreign cars. It is because of the terrain and weather conditions. The capacity of the car plays a crucial role in deciding the premium amount of your insurance. Engine capacity is in cc hence, the higher the cc, the higher the price.

2. Time Value of the Car

Time value is simply the historic cost of your car. For example, if you purchased the car ten years back, then the price computation will be done based on that. But with time, the salvage value of the car keeps on depreciating. It means the premium of an old car will be less as compared to a new car.

3. Any Cost Add-ons on the Car

If you have installed a new musical system in your car, that most Indians intend to do after purchase, then the premium of your car will also increase. It directly entails the fact that if you have installed any extra feature in your car, then the insurance premium amount also goes up.

4. The Insured Value of the Car

The insured value of your car means the current price of the car in the market. When the insurance person comes to evaluate the car, he will check the market price of the car. Based on that price, he will compute the value of the premium. The market price also reduces with time. Moreover, the depreciation cost is also reduced from this market value, making it even lesser.

5. Frequency of the Claims

Did you know that people who do not claim car insurance at any time during the year get extra discounts? It is not given by every insurance company. But some of them provide such discounts. Hence, if you are in India and do not claim insurance annually, then you will get a discount on your premium amount.

Conclusion

All the factors given above play a crucial role in determining the premium of the insurance. Higher the premium, the better coverage you will get. But some companies offer equal coverage with less premiums too. Once you know about these factors, you can use them to determine the premium cost on your own, and decide which insurance is most suitable for you. You can also advise your friends and relatives about the premium that will best suit them.

Topics: Indiacar insurance premiumsCar insurancepremium costhigh premiumslegal issues
Share3TweetSendShareSend
✮ Subscribe Organiser YouTube Channel. ✮
✮ Join Organiser's WhatsApp channel for Nationalist views beyond the news. ✮
Previous News

Maharashtra Govt renames Versova-Bandra Link as Veer Savarkar Setu and Trans Harbor Link as Atal Bihari Vajpayee Setu

Next News

Sweden: Police grant permission to ‘Quran burning protest’ outside a mosque in Stockholm ahead of Bakrid

Related News

Operation Sindoor Shattered Chinese Plans to Invade Taiwan by 2027

Operation Sindoor shakes Indo-Pacific: How Pakistan defeat exposed Chinese weapons & shattered Taiwan invasion plans

Kaladan Project to be operational by 2027, says union shipping minister Sarbananda Sonowal

Kaladan project to boost regional connectivity: India-Myanmar corridor to link Northeast with global sea routes by 2027

PM Narendra Modi

Five Nation Tour: Modi to visit Namibia, 1st by Indian PM trip in 30 years to secure minerals, energy ties, expand UPI

LR-LACM developed by DRDO under Nirbhay missile project

Turkey fears India may offer LR-LACM missile to Greece, escalating strike threat amid Cyprus row & defence cooperation

Ghanaian President John Mahama conferred upon Prime Minister Modi its highest state honour, the Companion of the Order of the Star

Five Nation Tour: PM Modi gets Hare Rama Hare Krishna welcome in Ghana, bags top honour, signs 4 MoUs, plans UPI push

QUAD slams Pahalgam Terrorist attack, backs Operation Sindoor

Quad slams Pahalgam terror attack, backs Operation Sindoor; Hits Chinese aggression in Indo-Pacific, big win for India

Load More

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Union Minister of State for Home Affairs, Nityanand Rai

“Formation of Youth Commission in Bihar is historic”: Union Minister Nityanand Rai

ABVP's increasing presence in the northeast

ABVP Marks 77th Foundation Day: Decades of national integration efforts resonate in Northeast India

India Today journo faces backlash for misreporting name of MNS leader’s son in a case; Corrects article after outcry

PM Modi concludes a historic Brazil visit, first Indian PM in 57 years on state visit, bolstering bilateral ties

Five Nation Tour: PM Modi concludes historic Brazil state visit, receives top civilian honour & deepens bilateral ties

Image for representational purpose only: Security personnel during an anti-Maoist operation

Two CRPF jawans injured in IED blast in Bijapur; Maoist wanted in UAPA case held in Jamui

77th Foundation Day of ABVP: Celebrating glorious years of nation-building through student leadership

Representative image

UP Kanwar Yatra Incident: Mohd Shehzad spits on woman carrying Kanwar, arrested amid tight security in Muzaffarnagar

Representative Image

Invisible Strike By India: From jugaad at Kargil to digital deception of Rafale in Operation Sindoor

Chhangur Baba alias Jamaluddin’s Rs 100 cr Islamic conversion racket in UP

Rs 100 Crore Love Jihad Racket Busted in UP: Mastermind Chhangur Baba arrested, lavish illegal properties demolished

Logo of the ABVP

77th Foundation Day of ABVP: From campus to community — The ABVP journey of student-led transformation

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

  • Home
  • Search Organiser
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
    • Global Commons
  • Editorial
  • Operation Sindoor
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Employment
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
    • Podcast
  • Subscribe Magazine
  • Read Ecopy
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies