Top Maruti Car Models with Car Insurance Premium Price
Your Maruti car insurance premium price will depend on multiple factors, such as:
• Insured Declared Value (IDV) of the Car
The IDV is the maximum amount you will receive in the event of a total loss or theft of your vehicle. A higher IDV leads to a higher premium as it increases your coverage. On the other hand, a lower IDV reduces your premium but might not offer enough coverage in case of substantial damage or loss.
• Age of the Car
The age of your Maruti car plays a crucial role in determining the insurance premium. Newer cars may have higher premiums since they have a higher value. This also increases their IDV. Similarly, older cars may have lower premiums as their value depreciates over time.
• Cubic Capacity (CC)
Cubic capacity is the size of the engine. It is measured in cubic centimetres. Higher CC vehicles have higher insurance premiums as they have more powerful engines, which can potentially lead to higher speeds and increased risks.
• Location
The location where you insure the car also affects the insurance premium. Urban areas with high traffic congestion and higher chances of accidents or theft can increase the premium amount.
• No Claims Bonus
If you make no claims during the policy period, you can enjoy a discount on the premium when you renew your Maruti car insurance. This discount, called a no-claims bonus, can reduce your overall premium amount.
• Add-ons
Add-ons are the additional coverage options that you can opt for besides the standard coverage. These can include benefits like roadside assistance, engine protection, passenger cover, and more. The cost of these benefits is added to the base premium, increasing the overall premium amount.
• Anti-theft Device
Anti-theft devices lower the chances of theft and make it easier to locate the car even if it is stolen. Installing a device certified by the Automotive Research Association of India (ARAI) can reduce the premium amount.
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