AN
Anik
Q&A
| Ref. No: 7294545171 | 09 Aug, 2023, 03:46 PM
How much primiam
Policybazaar Team
24 Aug, 2023, 12:08 PM
Hello Anik, Thanks for writing in. The premium for a car insurance policy depends on various factors, such as the make and model of the car, the age of the car, the driver's age and driving experience, the location where the car is registered, the purpose of use, the coverage options chosen, and the deductible amount selected.
Here are some of the factors that affect car insurance premiums:
- Car make and model: Cars with expensive or high repair costs are likely to have higher insurance premiums.
- Location: The car is registration location can also affect the premium.
- Purpose of use: Cars used for commercial purposes may attract higher premiums than cars used for personal use.
- Coverage options: The level of coverage selected by the policyholder also affects the premium. A comprehensive policy with a higher sum insured will attract higher premiums than a basic policy with limited coverage.
- Deductible amount: The deductible is the amount that the policyholder agrees to pay towards the claim before the insurer pays the balance. Higher deductibles typically result in lower premiums and vice versa.
You can check the premium details here: Car Insurance
Hope this helps.
