Turtlemint Car Insurance

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9 most important factors that affect your car
insurance rate
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9 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.

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9 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.

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9 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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9 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.

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9 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.

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9 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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9 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.

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9 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.

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9 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.

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9 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.

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Contact 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

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