Do All States Require Car Insurance?
Yes, all states in India require car insurance. According to the Motor Vehicles Act, 1988, it is mandatory for all vehicle owners in India to have a valid insurance policy to legally drive on public roads. Driving without valid insurance in India is a punishable offense and can result in fines, license suspension, and even imprisonment in some cases. It's important to note that car insurance requirements and regulations can vary by state and by the insurance provider, so it's a good idea to check with your insurance company or agent to understand the specific terms and conditions of your policy.
Is Car Insurance Mandatory In All States?
Car insurance is mandatory in India, but there are certain exceptions. The most common exception is that if you own a car less than three years old and have not made any claims on your car’s third party liability cover, then you are not required to buy the insurance.
Some other exemptions from buying car insurance include:
- If your vehicle is not used for business purposes;
- If your vehicle does not have a commercial registration;
- If the value of the vehicle does not exceed Rs 25 lakh.
Which States Do Not Require Car Insurance?
There are more than 1,600 insurance companies in India. However, not all of them require car insurance for their customers. In a country where car ownership is on the rise and the number of cars per capita is on the rise too, it is important to know which states don't require car insurance. The states that do not require car insurance are: Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Karnataka and Tamil Nadu.
How Much is the Insurance Amount of Car in Tamil Nadu?
The insurance amount for a car in Tamil Nadu varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,200* to 8000*, depending on individual circumstances and coverage choices.
How Much is the Insurance Amount of Car in Karnataka?
The insurance amount for a car in Karnataka varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs 3,000* to 9000*, depending on individual circumstances and coverage choices.
How Much is the Insurance Amount of Car in Telangana?
The insurance amount for a car in Telangana, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,400* to 5,500*, depending on individual circumstances and coverage choices.
How Much is the Insurance Amount of Car in Maharashtra?
The insurance amount for a car in Maharashtra, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,500* to 8000*, depending on individual circumstances and coverage choices.
How Much is the Insurance Amount of Car in Kerala?
The insurance amount for a car in Kerala, like in other Indian states, varies based on factors such as the car's make and model, location, and type of coverage. The annual premium can range from Rs. 2,000* to 5000*, depending on individual circumstances and coverage choices.