car insurance

Your car insurance provider apparently knows much more about you than you might think — and it’s using that information to inform your rates. According to a new report from the New York Times, new cars with internet-enabled features are tracking your driving habits, and that data is being shared with data brokers who then sell the information to car insurance companies. This is all done regardless of the driver’s involvement. These days, when you buy a car, you often have the option to lower your insurance rates by…

In India, car insurance has historically been standardised. You were required to have third-party automobile insurance at the very least, even if you only drove your car once a month or fewer. Up until recently, own-damage car insurance cost a lot more if it was added to your other policies. No distinction was made between heavy and light car users. However, during the past few years, car insurance policies have improved in terms of customer service. Car owners now have the ability to customise their auto…

The expiry date of the car insurance policy can be checked through IIB, Vahan, and insurance company websites. It’s mandatory for all car owners to have a valid third-party insurance policy. A car insurance policy has several benefits. In case your vehicle gets damaged due to an accident, the policy will cover the costs for your vehicle. An insurance policy also covers the losses that a car owner might suffer due to theft. For a car insurance policy to remain valid, it must be renewed on time. Each policy has an expiry…

Some bad news for the vehicle owners already affected by the accelerating fuel price increase. From June 1, 2022, onwards, the motor third-party liability insurance premium has been jacked up by the central government despite the portfolio being hugely profitable for the insurers. The central government has also withdrawn the 15 percent discount on the base premium for electric vehicles (EV) perhaps due to EVs going up in flames in recent times or without any basic claims experience data. Curiously, the three-year third…