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How modifications can affect your car insurance?

11

Dec, 2019

How modifications can affect your car insurance?

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Some people own a car, some people make it their own with the help of modifications. If you are fond of modifications, you definitely should be aware how a modification can alter your car insurance premium. This modification could be anything from a minor change to revamping your car with some significant alterations. Some changes that you make to the vehicle will impact the amount of car insurance premium that you pay annually. Therefore it is advisable to consider the potential costs that you will bear when you modify your […]

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All you need to know about FASTag!

30

Nov, 2019

All you need to know about FASTag!

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The Road Transport and Highway Minister, Nitin Gadkari, has announced that FASTags will be mandatory for all the vehicles, private or commercial, from December 1, 2019. As per reports, the vehicles without FASTags are likely to have to pay twice the normal toll. Let us find out some important information on FASTags. What is a FASTag and how does it work? FASTag is Electronic Toll Collection program on toll plazas initiated by the National Highway Authority of India. It works on Radio Frequency Identification (RFID) technology. The tag needs to […]

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Factors Affecting Your Car Insurance Premium

29

Sep, 2016

Factors Affecting Your Car Insurance Premium

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Premium is one of the most important factors that one considers while buying car insurance. But have you ever thought about the factors which might be affecting it? Here are a few factors which affect the premium of your car insurance policy. Value of Your Vehicle The market value or the Insured Declared Value (IDV) of your car is one of the main deciding factors of the premium. If you have a car which is expensive, your premium automatically shoots up. SUVs, imported cars, high end sedans and other luxury […]

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