In India, the minimum car insurance is a compulsory requirement. It is not possible to drive a car on Indian roads without having the minimum insurance coverage. A driver who does not have the minimum required amount of insurance cover can be fined up to Rs. 25,000 and/or imprisoned for up to six months.
The minimum car insurance in India is a compulsory requirement for all drivers that want to drive their vehicle on Indian roads. You cannot drive a car in India without having the minimum required amount of car insurance coverage; otherwise you will be fined and/or imprisoned for up to six months.
What Could Be The Minimum Insurance For A New Car?
As per the Indian Motor Tariff, it is mandatory for all car owners to have a minimum of third-party liability insurance before driving on Indian roads. The third-party insurance covers the damages caused by the insured vehicle to a third-party person or property. The minimum coverage for third-party liability insurance is fixed by IRDAI and depends on the engine capacity of the vehicle. For cars with an engine capacity of up to 1,000cc, the minimum third-party liability insurance coverage is Rs. 1,500 for one year. For cars with an engine capacity of more than 1,000cc, the minimum coverage is Rs. 2,863 for one year. It is important to note that third-party liability insurance provides limited coverage and does not cover damages to the insured vehicle. It is recommended to opt for comprehensive insurance that covers both third-party liabilities and damages to the insured vehicle for complete protection.
How Much is Minimum Car Insurance?
The minimum coverage for car insurance is determined by the state in which
the driver lives. The minimum coverage for car insurance is different in each
state, but most states require that drivers have at least liability coverage. Third
Party Liability coverage will cover damage done to other people’s property and
injuries to other people caused by the driver of the insured vehicle while
driving.
In some states, you are required to have more than just liability coverage.
Some states require comprehensive and third party coverage as well as uninsured
motorist or medical payments protection. The minimum amount of insurance that
you need will depend on what your state requires and what kind of driving you
do.
Minimum car insurance is the minimum amount of coverage required by law to
drive a vehicle. The minimum car insurance amount varies from state to state
and from company to company.
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.