Auto insurance is one of the most important issues in India as people are looking for the cheapest rates.
Here we will show you how to calculate insurance quotes for different models of car.
You can find out more about car insurance rates here: How to Calculate Auto Insurance Rates in India: What you need to know about auto insurance in India?
Auto insurance rates are based on an annualized rate which is based on a variety of factors.
The most important one is the value of your car which is used in the accident.
If your vehicle is worth Rs 10 lakh, then you will have to pay Rs 10,000 per annum.
Similarly, if your vehicle has an insurance value of Rs 15 lakh, you will pay Rs 15,000 for each vehicle.
If you have a car that is worth around Rs 100,000, you can pay Rs 1 lakh per vehicle for a one-year contract.
But you need an insurance rate of at least Rs 10 crore to guarantee a car for an accident.
Read more: How do you know how much insurance you need?
Auto Insurance in India – What you can expect in different states and citiesHow to calculate Auto Insurance rates in different States and Cities in India