In the last two fiscal years, the IRDAI has not changed its tariffs. As a result, Irdai’s FY 2019-20 rates have stayed unaltered until date. The following are the suggested Motor Third Party Premium rates for FY 2022-23 for various vehicle categories.

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Add-on covers are designed to enhance overall motor insurance and give comprehensive coverage for damage or loss of car keys, tyres and rim, repair or replacement of consumable items and so on.

If Irdai accepts the proposal, third-party insurance premiums could go up from 1 April. The third-party premium for a Maruti Swift 1.3 LXI is currently Rs 3221 per year. This could go up to Rs 3,705-3,865 if the rates are hiked in 2022-23.

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You can bring down the premium of your comprehensive insurance not only by customising your cover, but also by being aware of several other factors. Here are some ways in which you can bring down your car insurance premium.

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Getting a car or car insurance are both expensive propositions. But, it can be more expensive for student drivers below the age of 25, and with good reason. If you have the money to spare, you can get a policy of your own.

​Insurance claims for vehicles, be it a car or two-wheeler, are entertained only if the damage is accidental, due to natural disasters, theft or accidental fire. Here are some reasons your claim could be rejected or not fully paid by your vehicle insurer.

Take the vehicle to the garage for repairs as soon as the accident happens. All bills issued by the garage need to be submitted to the insurance company. Once a claim is made, no-claim bonus applicable on the policy will not be available for the next renewal.