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6.9%First documentA Guide to Choosing Affordable Car Insurance Plan with Enough CoverageOpen original ↗
Second documentMain Factors That Influence Car Insurance PremiumsOpen original ↗
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Our team will contact you shortly to provide personalized assistance with your insurance plan. You can also reach out to us on 1800 266 1112
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Our team will contact you shortly to provide personalized assistance with your insurance plan. You can also reach out to us on 1800 266 1112
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IDV is the maximum amount of cover you'll receive from your insurer if your car is damaged beyond repair. In addition, the IDV gives you an idea about your car's current market value.
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Diesel cars are expensive to maintain. The same is true for luxury sedan cars having engines of high cubic centimetre capacities. So, insurers charge premiums at higher rates. Small hatchbacks and cars with small petrol engines are cheaper to insure than personal vehicles with diesel engines and high-capacity engines. The cost of insuring cars also increased with an increase in the insured's declared value (IDV) of the vehicle. IDV refers to the maximum sum assured by the insurer.