How Much Does Car Insurance Cost Per Year?
The cost of car insurance in India varies widely based on several factors, including the type of coverage, the make and model of the vehicle, the location, the policyholder's age and driving history, and other individual factors. As a rough estimate, a basic third-party liability insurance policy can cost as low as Rs.2000 to 3000* per year. Comprehensive insurance, which offers more extensive coverage, is typically more expensive and can range from around Ra. 5,000 to 15,000* rupees or more annually, depending on the factors mentioned. Luxury and high-value vehicles may have higher premiums. It is crucial to obtain quotes at PolicyBachat with multiple insurance providers and customize your policy to suit your specific needs and budget.
How Much Is Car Insurance for Cars Older Than 15 Years?
The cost of car insurance for vehicles older than 15 years can vary widely in India. Typically, insurance premiums for cars of this age might range from about Rs. 6,000 to Rs. 40,000 or more per year for third-party coverage. If you opt for comprehensive insurance, the premiums can be higher, ranging from approximately Rs. 20,000 to Rs. 70,000 or more annually. The specific cost is influenced by factors such as the car's make and model, its current market value, your location, the type of coverage you choose, and the terms and conditions set by the insurance provider. To obtain an accurate insurance quote for cars older than 15 years, it's advisable to compare car insurance quotes at PolicyBachat for exact readings.
How Much Is Car Insurance for Cars Above 10 Years?
The cost of car insurance for vehicles above 10 years old in India can vary significantly, typically falling within the range of Rs. 6,000 to Rs. 35,000 or more per year for third-party coverage. Comprehensive insurance tends to have higher premiums and may range from around Rs. 20,000 to Rs. 60,000 or more annually. The specific premium depends on factors like the car's make and model, its current market value, your location, the type of coverage you choose, and the terms and conditions established by the insurance provider. To obtain an accurate insurance quote for cars above 10 years old, it's best to compare car insurance quotes with multiple insurance companies at PolicyBachat according to your needs & requirements.
How Much Insurance for a 15 Year Old Car?
The cost of insurance for a 15-year-old car in India can vary widely, typically ranging from about Rs. 6,000 to Rs. 30,000 or more per year for third-party coverage. For comprehensive insurance, premiums are generally higher and may range from around Rs. 20,000 to Rs. 50,000 or more annually. The specific cost depends on factors such as the car's make and model, its current market value, your location, and the type of coverage you choose, as well as the terms and conditions set by the insurance provider. To obtain an accurate insurance quote for your 15-year-old car, it's advisable to compare insurance companies at PolicyBachat, considering individual circumstances and provider options.
How Much Insurance for a 12 Year Old Car?
The cost of insurance for a 12-year-old car in India can vary widely depending on several factors. These factors include the make and model of the vehicle, its current market value, your location, the type of coverage you choose (e.g., third-party or comprehensive), and the specific terms and conditions of the insurance provider. As a general estimate, insurance premiums for a 12-year-old car may range from approximately Rs. 6,000 to Rs. 25,000 or more per year for third-party coverage. For comprehensive insurance, the premium is typically higher and may range from around Rs. 20,000 to Rs. 45,000 or more per year. To get an accurate insurance quote for your specific 12-year-old car, it's best to compare car insurance quotes based on your car's details and your specific coverage preferences. Please keep in mind that these figures are approximate and can vary based on individual circumstances and the insurance provider you choose.