Overview

Auto Insurance Premium: Basics

• Motor Insurance FAQs on Cost, Premiums, Bonus, Discounts, Renewals
  
Know about motor insurance, its costs, premiums, bonuses, discounts and more. ......
• Voluntary Deductibles and Compulsory Excesses
  
Voluntary deductible is the portion of a claim that the customer is willing to bear voluntarily. Compulsory excess is the sum added to the customer's premium as a result of bad claims experience with ......
• Can the insurance premium on my vehicle be reduced?
  
Insurance premiums can be reduced if you maintain a claims-free record. Insurers reward claims-free years with discounts on the succeeding year's premiums. ......

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Auto Insurance Premium: Opinion

• Discount on premiums for Voluntary Deductibles - private cars and two-wheelers
  
The tables given below enlist the voluntary deductibles for car insurance for private cars and two-wheelers. ......
• What is No Claim Bonus?
  
No Claim Bonus is the discount that the insurer gives you for a claims-free year. The No Claim Bonus increases every claims-free year up to a maximum of 50% discount. ......
• Voluntary Deductibles and Compulsory Excesses
  
Voluntary deductible is the portion of a claim that the customer is willing to bear voluntarily. Compulsory excess is the sum added to the customer's premium as a result of bad claims experience with ......
• How is the premium calculated on my vehicle?
  
The premium on a vehicle is calculated on the type of vehicle, its IDV, city of registration, period of coverage, and claims history. ......

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Decision-making Corner

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