Know why add-on covers are beneficial to car owners
Add-on covers are designed to enhance overall motor insurance and give comprehensive coverage for damage or loss of car keys, tyres and rim, repair or replacement of consumable items and so on.
Insurers want 15-20% hike in third-party motor insurance premiums
If Irdai accepts the proposal, third-party insurance premiums could go up from 1 April. The third-party premium for a Maruti Swift 1.3 LXI is currently Rs 3221 per year. This could go up to Rs 3,705-3,865 if the rates are hiked in 2022-23.
Your vehicle insurance may not work in these accident situations
For more such web stories click on the ET icon below.
10 ways to reduce car insurance premium
You can bring down the premium of your comprehensive insurance not only by customising your cover, but also by being aware of several other factors. Here are some ways in which you can bring down your car insurance premium.