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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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