
This past year the Insurance Regulatory and Development Authority of India improved the top rate for third party motor insurance. Observing this, the high amount for auto insurance has improved by 25- 40 percent based on the automobile’s engine capacity.
The general premium of personal vehicles has shrunk by 5-6 per cent in automobiles with engine capacity of around 1,000cc and from 15-20 percent to get a vehicle with engine capacity over 1,500cc. Although the third party premium amount is specified by the regulator you will find ways by which the insurance premium amount can be lowered.
In this website, we’ll speak about how it is possible to decrease the insurance premium for your vehicle.
Must check- Fair auto insurance
Here are the 5 best ways you decrease the Car Insurance premium are:
1: Raise the allowable amount — By raising the allowable amount, the policyholder can cut back the … Read more