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Is My Car Insurance Premium Related To The Engine Capacity Of My Car? |
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Answer» Yes the SIZE and the power of your car's engine is one of the defining factors when it comes to calculating the car insurance premium. The higher the cubic capacity or cc value of your car engine, the higher will be the premium amount. As per the Indian Motor Tariff Act, the premium calculations based on cubic capacity of your car's engine divided into 3 slabs NAMELY cars having a cubic capacity LESS than 1000CC, cars with cubic capacity between 1000-1500cc. Yes the size and the power of your car's engine is one of the defining factors when it comes to calculating the car insurance premium. The higher the cubic capacity or cc value of your car engine, the higher will be the premium amount. As per the Indian Motor Tariff Act, the premium calculations based on cubic capacity of your car's engine divided into 3 slabs namely cars having a cubic capacity less than 1000cc, cars with cubic capacity between 1000-1500cc. |
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