In india car insurance have to pay monthly or yearly & how much it cost?



In india car insurance have to pay monthly or yearly & how much it cost? is that same for new aswell as for old car?

In india car insurance have to pay monthly or yearly & how much it cost?
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6 Replies to “In india car insurance have to pay monthly or yearly & how much it cost?”

  1. Good Question…
    In India the Insurance premium is being paid yearly in advance and it may be around 2% to 5% of value of Present Car Value depending on other many things just like, make year/Model/Brand/Seating Capacity.


  2. The premium is to pay in one go for one year policy. The premium varies from make, model, Cubic capacity and the value of car.Two types of covers are available 1. Comprehensive Which includes damage to car and Third Party( legal liability) and Third party only.


  3. Car Insurance is to be paid on yearly basis premium deopends upon the valuation and the risks you cover in the policy… it would be approx 2% of the Value


  4. If it is new car the first year the dealer will take policy for you… that is no problem..Next year onwards you have to take policy mostly it is annual policy.. So premium has to pay once in a year only…That too based on your vehicle’s present value approximately it 1-2 % of your vehicle cost…



  5. Car insurance in India is governed by the India Motor Tariff Act. A car insurance in India ensures that your car is insured against any theft or damage. But service providers provide different car insurance coverages. I suggest you check with Royal Sundaram, as a friend recently purchased a car insurance from them. To get a quote on what it would cost, you can check their website and also get a free insurance quote without any documentation.





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