Car Insurance Day

Car insurance is also called auto insurance. This policy is a contract between the insured and the insurance company to protect the insurer from unforeseen accidents while driving on the road. Auto insurance protects policyholders from liability and personal injury caused by road accidents/collisions.

A car insurance premium is the cost you pay to an insurance company to purchase car insurance. This is the amount that the policyholder pays to the insurance company each year to protect themselves from unforeseen traffic accidents and to allow them to drive legally. The premium amount is calculated differently by different insurers depending on the type of insurance offered and the length of the policy. The premium also depends on his IDV, registration year, RTO, etc. of the vehicle.

Yes. Cars are machines that wear and tear and lose their claim value as the age.

Yes. But they will have a different premium charge and claim value.