The cost of car insurance for vehicles above 10 years old in India can vary significantly, typically falling within the range of Rs. 6,000 to Rs. 35,000 or more per year for third-party coverage. Comprehensive insurance tends to have higher premiums and may range from around Rs. 20,000 to Rs. 60,000 or more annually. The specific premium depends on factors like the car's make and model, its current market value, your location, the type of coverage you choose, and the terms and conditions established by the insurance provider. To obtain an accurate insurance quote for cars above 10 years old, it's best to compare car insurance quotes with multiple insurance companies at PolicyBachat according to your needs & requirements.
How Much Insurance for a 10 Year Old Car?
In India, insurance companies have a minimum requirement of 3 years for cars that are 10 years old. This is because the risk of a 10 year old car is high and the cost of repairing it is also very high. The minimum insurance amount in India for a 10 year old car is Rs. 500,000. This amount will cover the car from fire and theft risks.
Insurance is an important aspect in our lives. It helps us to protect our assets and liabilities from any risk. Insurance provides peace of mind for the insured person. The 10 year old car is not a new one but it also needs some protection from the risk of accidents, theft, natural calamities etc.
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.