Buying a car? Know your insurance premium
Some insurers offer certain add-ons like Personal Accident cover along with your policy. If you want to get the car repaired but don’t have money to pay for it, cashless claim settlement can definitely help you. Opting for third party legal liability will help you safeguard yourself against the legal liability in case of accident. Some companies let you claim No-claim Bonus benefit if you have just bought their policy for the first time, but have not filed a claim with your previous insurer.
Today cars have become an indispensable part of our lives. Whether you intend to buy a Maruti Suzuki, Honda City or Mercedes Benz, you must buy car insurance. However the insurance premium is not common for all types of cars. Hence you should know the premium amount before you decide to buy a car.
Factors affecting the calculation of premium: The insurance premium depends on the various factors that if selected properly can help you in reducing your premium amount.
Type of car: With the various types of cars available today in the market, it is not surprising that smaller cars having engines with lower power will attract lower premium than the bigger cars with more power engines. H