Why Is Car Insurance Mandatory?

What Year Was Made Car Insurance Mandatory?

Car insurance was made mandatory in India in the year 1988. The Indian Motor Vehicles Act of 1988 required all drivers to have a minimum level of third-party liability insurance. The law was amended in the year 2002 to make it compulsory for every vehicle owner to have an insurance policy for his or her car.

Is Car Insurance Mandatory In All States?

Car insurance is mandatory in India, but there are certain exceptions. The most common exception is that if you own a car less than three years old and have not made any claims on your car’s third party liability cover, then you are not required to buy the insurance. Some other exemptions from buying car insurance include:

• If your vehicle is not used for business purposes;
• If your vehicle does not have a commercial registration;
• If the value of the vehicle does not exceed Rs 25 lakh.

Is Car Insurance Mandatory in India?

It is mandatory that all cars that operate in any public space must have car insurance cover. When you drive your car through some areas which will occur accidents theft happen person can ensure your claims-free instantly online. 

How Much is the Insurance Amount of Car in Tamil Nadu?

The insurance amount for a car in Tamil Nadu varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,200* to 8000*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Karnataka?

The insurance amount for a car in Karnataka varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs 3,000* to 9000*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Telangana?

The insurance amount for a car in Telangana, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,400* to 5,500*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Maharashtra?

The insurance amount for a car in Maharashtra, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,500* to 8000*, depending on individual circumstances and coverage choices.

How Much is the Insurance Amount of Car in Kerala?

The insurance amount for a car in Kerala, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,000* to 5000*, depending on individual circumstances and coverage choices.