[object Object]
[object Object]
Car Insurance

Car Insurance

Two-wheeler Insurance

Two-wheeler Insurance

Health Insurance

Health Insurance

Travel Insurance

Travel Insurance

Disclaimer : The information published on this website is for the public′ s reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. ICICI Lombard General Insurance (Bharti AXA General Insurance*) Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel,services, or any other items mentioned on this subject for any purpose whatsoever.

Car Insurance

ICICI Lombard General Insurance (Bharti AXA General Insurance*) provides a comprehensive cover for your car,so you can drive hassle-free.

Two Wheeler Insurance

Ride worry-free, with ICICI Lombard General Insurance (Bharti AXA General Insurance*) two wheeler insurance plan. 

Health Insurance

Safeguard the health of your loved ones with a wide range of ICICI Lombard General Insurance (Bharti AXA General Insurance*) health insurance plans.

Other Health Insurance

Safeguard the health of your loved ones with a wide range of ICICI Lombard General Insurance (Bharti AXA General Insurance*) health insurance plans

Travel Insurance

Secure your joyous family trips with ICICI Lombard General Insurance (Bharti AXA General Insurance*) international travel insurance cover.

Home Insurance

Home Insurance

SME Package Insurance

SME Package Insurance

Commercial Lines Insurance

Commercial Lines Insurance

Commercial Vehicles Insurance

Commercial Vehicles Insurance

Motor Third Party Insurance - Commercial

Motor Third Party Insurance - Commercial

Crop Insurance

Crop Insurance

Car Insurance

Renew your ICICI Lombard General Insurance (Bharti AXA General Insurance*) car insurance to enjoy your non-stop drive.

Two Wheeler Insurance

Renew your ICICI Lombard General Insurance (Bharti AXA General Insurance*) Two Wheeler Insurance to continue your worry-free rides.

Health Insurance

Renew your ICICI Lombard General Insurance (Bharti AXA General Insurance*) Health Insurance and continue to safeguard the health of your loved ones.

Register Claim

BLOGS

About us

Branch Locator

Cashless Garages

Cashless Hospitals

Health and Wellness

Health and Wellness

Careers

Contact Us

Become A Partner

Become A Partner

Products

Car Insurance

Two-Wheeler Insurance

Travel Insurance

Health Insurance

Corona Kavach Policy

Motor Third Party Liability

Commercial Vehicle

Commercial Lines Insurance

SME Package

Home Insurance

Pradhan Mantri Fasal Bima Yojana(PMFBY)

Arogya Sanjeevani

List of products

List of withdrawn Products

Car Insurance

Comprehensive Car Insurance

New Car Insurance Policy

IDV in Car insurance

No Claim Bonus in Car Insurance

Bumper to Bumper Car Insurance

Bike Insurance

Comprehensive Two Wheeler Insurance

IDV in Bike Insurance

No Claim Bonus in Bike Insurance

Bike Insurance Quote

Travel Insurance

Travel Insurance Coverage

Benefits of Travel Insurance

Travel Health Insurance

Travel Insurance Quote

Health Insurance

Cashless Health Insurance

Knowledge Centre

Blog

Infographics

Videos

Travel Guide

Visa Guide

Road Trip

Insurance Glossary

Health & Fitness Guide

Food & Cuisine Guide

RTO Guide

Driving License Guide

Car Manufacturer

Two-Wheeler Manufacturer

Travel Destination

Others

About Us

Careers

Contact Us

Cashless Garages

Cashless Hospitals

Health and Wellness

Branch Locator

Grievances

Investor Relation Information

NACH Mandate

Resources

Public Disclosure

Knowledge Centre

Download Center

Media Center

Consumer Education

Electronic Insurance Account

Update IRCTC Nominee

Unclaimed Amount

Sitemap

Notice Of General Meetings

General Meetings Transcript

Scheme of Arrangement

Suspended Agents

Whistleblower policy

Become A Partner

Archives

Service Parameters

Legal

Privacy Policy

Terms of Use

Insurance Ombudsman

Explore Our Products
PRESENCE ACROSS MANY COUNTRIES
COVERS ALL TRAVELS RELATED DISASTERS
FLEXIBLE PLANS FOR YOUR NEEDS
24/7 ASSISTANCE WORLDWIDE
Most Recent Blogs
blogs

HealthInsurance

Things that are Not Covered under Health Insurance

18th Jul,2020

blogs

TwoWheelerInsurance

List Of Non-Gear Bikes You Could Buy On A Friendly Budgeta

13th Jul,2020

blogs

CarInsurance

Here Is A List Of Documents You Have To Keep In Your Car At All Times

07th Jul,2020

blogs

TravelInsurance

Are Adventure Activities Covered in your Travel Insurance Plan?

09th Jun,2020

null

How Is Your Car Insurance Premium Amount is Calculated

How Is Your Car Insurance Premium Amount is Calculated

Are you looking for the right car insurance policy for your vehicle? When you set out to compare these policies with the help of at least four or five car insurance quotes, you will see the rates differ across different insurance companies. Most of the time you wonder as to why have you been charged a higher premium? Why does your friend have to pay a lower premium than you, though both of you own the same brand of vehicle? If such questions continue to bother you, then this article is going to throw some light on the same.

Car Insurance Calculators to the Rescue

Before choosing a good insurance policy for your car, we highly recommend you to make use of car insurance online calculators. These are the tools that give you quotes from different service providers and help you to choose the right policy with maximum coverage.

When you use these online calculators, you have to fill up complete details of your car and your personal details such as your age and driving experience. These online tools will then come up with a list of options on your display screen within minutes. Thanks to these calculators, you can add or remove certain coverage to get a plan that is best suited for you as per your needs and budget. Whenever you buy/renew car insurance online, it is mandatory that you compare different options so that you get to choose the one that suits you the best. Never choose a policy by premium rates only. When a four-wheeler insurance plan comes at a very low cost, it should ring an alarm in your mind. This is because low premiums are directly proportional to minimum coverage only.

During a crisis such as an accident or third-party liability, you will be shocked to see that your insurance doesn’t cover you for personal injury or other damages. Hence, it is always recommended to choose a policy that provides you extensive coverage in case of an unfortunate event like an accident. Yes, these policies may cost you more; however, every penny you pay here is worth it, because it will provide you good returns in the future.

How Much Premium Should You Pay?

There is one straight answer to this question. Car insurance policies do not come with fixed premium rates. There are two main factors which decide the premium that you need to pay for the insurance policy of your car– your driving record and your car’s make/usage.

Here are some of the most important details that will decide how much your final premium works out to:

Age and Gender – Young people have to pay a higher premium because their driving is considered to be rash. People below 25 years are considered ‘young’, in these cases. Your Past Driving Record – If you have had a clean and accident-free driving record, you qualify for lower premiums from your service provider. However, if you were involved in any crashes or if you have made claims in the past, you have to pay higher premiums.

Make and Model of The Car – Luxury cars and other commercial vehicles qualify for a higher premium than budget cars and those used for personal use only.

Usage of The Car – If you use your car regularly, you have to pay a high premium rate. On the contrary, if you use your car only occasionally (once a week or so), you qualify for discounted premium rates.

These are only some of the basic points that decide the premiums that you have to pay. You can check car insurance premium calculators for more details on the same.