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Factors that Affect the Car Insurance Premium Most of the general insurance companies tend to provide lower premiums to customers who are statistically low risk takers as compared to the high risk takers. In the language of the auto insurance companies, the low risk takers are the ones whose cars have met with lesser number of accidents. So, depending upon the risk factors, auto insurance company decides the premium of the car insurance.

Apart from the risk factors, there are many other things that are taken into consideration while deciding the car insurance premium. The points below can help you understand these factors that help in lowering the insurance amount for your car:  The auto insurance rates depend upon the make, model, and the manufacturing year of the car. A new car will have a higher premium as compared to an older car.  The car insurance premium is also based on the age gender, and marital status of the car owner. Both young car owners as well as senior citizens have to pay higher car insurance because as per statistics, both these groups are prone to accidents. Your marital status also affects your car insurance premium because insurance companies consider married individuals safer drivers than unmarried individuals.  Coverage level of the insurance also decides the premium. For instance, you have installed different accessories to upgrade your car, and want all of them to be covered, you will have to pay higher premium.


Call us: 1800-266-5844

These are factors that affect the premium of your car. Therefore, you should always buy the car insurance from a reputed insurance company like Liberty Videocon General Insurance. This company can help you to get the best car insurance in India at the best possible rate. Moreover, they also have excellent claims handling procedure that ensures you will get your claims settled in a hassle-free way.

Contact Us : Liberty General Insurance Company Address : 10th floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel Mumbai Maharashtra 400013 Website : https://www.libertyinsurance.in/ Phone No : 022-67001313 Fax No : 022-67001606 Email : care@libertyinsurance.in

Social Connections : Facebook : https://www.facebook.com/libertyvideocon Twitter : https://twitter.com/LibertyVideocon LinkedIn : https://www.linkedin.com/company/liberty-videocon-general-insurance Google+ : https://plus.google.com/+LibertyvideoconIndia YouTube : https://www.youtube.com/user/LibertyVideoconIndia

Factors that Affect the Car Insurance Premium  

These are factors that affect the premium of your car. Therefore, you should always buy the car insurance from a reputed insurance company l...

Factors that Affect the Car Insurance Premium  

These are factors that affect the premium of your car. Therefore, you should always buy the car insurance from a reputed insurance company l...

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