Insurance Premium Break-up for Four-wheelers

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1. Buy Insurance online
2. Insurance Claim Procedure
3. Premium Break-up for Four-wheelers
4. Premium Break-up for Two-wheelers
5. IDV Depreciation Schedule
6. Depreciation Rates on Spare Parts

As per the Indian Motor Tariff, cities are categorized into specific zones based on the registration of vehicle and these zones have different rating factors for premium. For Cars, Two-wheelers and commercial vehicles.

Zone-A: Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune
Zone-B: Rest of India

The premium charged depends upon the city of registration, irrespective of the place where it is used or where the insurance in renewed. The basic premium is calculated as per the Indian Motor Tariff. It varies from case to case.
It depends primarily on the following factors:
1. Type of vehicle
2. Age of vehicle
3. Period of coverage
4. Discounts/ loadings
5. IDV (Insured's Declared Value)

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