Title: Turtlemint Car Insurance
19 most important factors that affect your car
insurance rate
29 most important factors that affect your car
insurance rate
Introduction
- Your car is the most priced possession and its
like an extended family member. You put your time
and energy to ensure it runs in perfect
condition. However what may be your last priority
which is equally important is your car insurance. - There are 9 most important factors used by car
insurance companies to decide what premium amount
they should be charging you. If you pay
attention to these factors you will for sure
understand car insurance much better than before
and ask for the right car insurance premium from
the car insurance companies.
Be Insurance Smart
39 most important factors that affect your car
insurance rate
1. How old is your car and the model
- If you have a high end car it definitely has a
high market value as it consumes more fuel and
costly spare parts and hence the car insurance
premiums are higher. New Cars, imported cars and
those that run on diesel will carry high car
insurance rates.
Be Insurance Smart
49 most factors that affect your car insurance
rate
2. No Claim Bouns (NCB)
- You can get upto 50 discount on your car
insurance premium if you do not claim your
insurance which means the number of continuous
claim free years. Please read the policy document
to know your NCB
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59 most factors that affect your car insurance
rate
3. How well you use your Car ?
- Cars used for commercial purpose will carry a
higher car insurance premium rates as your car
usage will be more than a car used for personal
use. The time of the day when you drive the car
also affects the car insurance rate in the case
you frequently drive at night, youre at a higher
risk of going bump in the dark, and because of
this, youll pay a higher premium.
Be Insurance Smart
69 most factors that affect your car insurance
rate
4. Place / Location
- Your car registration zone or your neighborhood
also affects your can insurance rate. If you live
in Tier I city then your car insurance premium is
higher than those in Tier II Tier III cities.
This is because, a car in a densely populated
area is more vulnerable to crime, traffic and
accidents, as well as, higher repair costs.
Be Insurance Smart
79 most factors that affect your car insurance
rate
5. What is your Profession?
-
- If you travel a lot for work then your car will
attract a higher car insurance rate. Simply
because chances of mishap on the road are greater
for you than someone with a shorter or fixed work
commute.
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89 most factors that affect your car insurance
rate
6. How healthy is your credit score?
- Car insurance companies check your credit history
and financial status to find out our credit score
and take a decision as to how much they need to
charge you. If you are good in your finances then
you dont need to worry much as your credit score
is good and you can enjoy lower insurance rate.
Be Insurance Smart
99 most factors that affect your car insurance
rate
7. How old are you and your gender?
- If you are a young man as in below the age of 25
then you are more prone to rash driving and
collusion than women and older drivers who are
more careful on the road Studies have shown
these facts. Hence be ready to pay a higher
premium if you are a man and / or under the age
of 25.
Be Insurance Smart
109 most factors that affect your car insurance
rate
8. Are you married?
- Good benefits if you are married ?
- You can combine your insurance policies with your
spouse and can drive the car insurance premium
costs down. - Its generally believed that if you are married
then you are more responsible, lesser traffic
violations and accidents as compared to unmarried
drivers.
Be Insurance Smart
119 most factors that affect your car insurance
rate
9. Your Driving history?
- Drive safe !!
- If you have a prefect driving history with a
clean record of no violations or prior claims
then you have an upper hand when it comes to
apply or renew your car insurance as against a
bad record.
Be Insurance Smart
12Contact us
- Turtlemint.com
- Address
- 1st Floor, Prime Corporate Park,
- Near ITC Maratha, Sahar Road,
- Andheri (East), Mumbai 400099
- Call 022-33835454
- Contact us support_at_turtlemint.com
- Website www.turtlemint.com
Be Insurance Smart