![]() ![]() Claim History- If person had a history of multiple claims each year, he/she may have to pay higher premium amount in comparison to someone who had less claims in the past.Third party policy has very limited coverage and has lower premium than comprehensive car insurance policy. Type of Policy- The wider the coverage, the costlier the policy.People living in a safe location pays less premium of their car insurance in comparison to people living in areas prone to theft, accidents etc. Location- The place where you live can also affect your car insurance premium.If you select higher IDV, your car insurance premium will increase accordingly. Value of the car- One of the major factors that affects the car insurance premium is value of the car.Generally petrol car have lower premium than diesel or electric cars. Fuel Type- Premium of your four-wheeler insurance vary depending on type of fuel.Higher the engine cc, higher the premium you need to pay. Car Engine Capacity- Your car engine cubic capacity (cc) also affects the car insurance premium amount.Health of the car- If you haven’t maintained the car in a good health, your car insurance premium may increase.So, newer the car, the higher the premium for car insurance. Age of the car- If your car is brand new or recently launched, repair cost would be on higher side.Luxury, exotic or vintage car attracts high insurance premium than normal cars. Make Model of the car- Make and model determines the car’s value.
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