Compare Car Insurance Online : Premium Comparison for Various Car Types

Insurance premium is directly related to on road price of the car so if you spend more on a car, expect to pay higher premium. Conversely, the best cars are those that are fuel efficient with an engine capacity of 1000 cc or so, which attract lower premiums. Compare premiums before you buy a car!

Top car models mean different things to different people. To some a top car is one that is the most fuel efficient. For others it may be handling and comfort. Then there are people who want only the best and most expensive and for them a car which has the most powerful engine and has all latest features like automatic braking, air bags and full set of accessories is the one that differentiates them from the rest of the crowd. For those in the top bracked nothing less than a Mercedes, a BMW, a Jaguar will do while there are others rolling in money who would not think twice before importing a Maserati or a Lamborghini. The landed cost is the cost plus freight plus insurance plus the import duty, which is prohibitively high at 167 percent. If you calculate the price of a car for insurance purpose then you will end up paying a whole lot more for such fancy imported cars or even cars like Jaguar and Rover that sell for anything from Rs. 15 lakhs to Rs 30 lakhs and more.

Fuel efficient cars are best sellers

Compare car insurance online and you will find that cars with an engine capacity of 1000 cc or less attract a lower premium on third party insurance. Compare car insurance online and you will find that cars with engine capacity of 1000 cc or less attract premium of Rs. 2055. Those between 1000 and 1500 attract a premium of Rs. 2237 or thereabouts and cars with engines above 1500 cc will attract premium of Rs. 6164, a whopping increase. When you compare car insurance premium also keep in mind that bigger cars are strongly built and are safer for occupants.

Comprehensive covers

You must also compare car insurance online when it comes to comprehensive cover. When it comes to comprehensive covers, the best car would be one that has an engine capacity of less than 1000 cc and one that is affordably priced as well so that the base price for calculation of premium is low and, as the car ages, the IDV also reduces proportionately. Age of car, location and engine capacity are considered to arrive at a factor adjusted for insured declared value. Here again, being "Indian" in thought, which is to say, selecting fuel efficient cars, pays off. Consider the premium payments over a 10 year period and you will save quite a lot. Compare car insurance online for old and new cars to know the premium.

The calculation can be quite involved since you have to calculate IDV, multiply the IDV by premium rate decided by the insurance company, add cost of add-ons and then deduct discount for no claim bonus, if any, in order to arrive at the final amount of own damage premium you will be required to pay. An insurance company may also consider make and model and resale value of a particular car.

This article is written by Moupee Deb Roy, content writer for Turtlemint.com. She is a content enthusiast and is determined to encourage people to be informed, buy and compare car insurance online.

This article is written by Moupee Deb Roy, content writer for Turtlemint.com. She is a content enthusiast and is determined to encourage people to be informed and buy the best health insurance.