Shriram Motor Insurance Premium Components

How to Transfer Car Insurance to New Owner Easily

Posted on 2024-10-21 06:13:29

When you sell your car, an important step is transferring the Car Insurance to the new owner. Just as transferring ownership of the car is a legal requirement of a second-hand car sale, understanding how to transfer Car Insurance to the new owner is essential. Are you wondering why this step is so vital or how to go about it? This step-by-step guide will direct you through the whole procedure, guaranteeing a smooth and seamless transfer.

How Anti-Theft Devices Can Lower Your Car Insurance Premium

Posted on 2024-10-21 05:02:01

Installing an anti-theft device in your car is an effective way to safeguard your vehicle from theft. Because this lowers the risk of theft, this action can also lower your insurance premium. However, what exactly is an anti-theft device, and how many types of anti-theft devices are there? Does installing this device significantly affect what you pay?   We answer all these questions and more in our blog. Read on to learn more.

Does Credit Score Affect Car Insurance Rates in India?

Posted on 2024-10-18 06:50:15

Many factors go into determining Car Insurance rates, including your driving record, the type and model of the vehicle, and even your vehicle’s registration location. However, your credit score is often overlooked. This seemingly trivial figure wields considerable power, determining not only your ability to obtain loans but also your vehicle insurance rates. In India, insurance providers increasingly rely on credit ratings to determine risk, which means that a good financial standing might result in significant savings on your insurance premiums. Let us examine how your credit score affects your Car Insurance rates and how you can improve it to lower costs.