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Insurance Policy!!!!!

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Why are car with lots of safety features more on insurance. e.g.- Swift ZXi has 20k insurance and similar priced VDi has 14k .Why this difference . The VDi has more value in long terms then .Some one give me a good expalnation .Insurance of VDi is even lesser than VXi 15k which is 80k lesssmiley3.gif/

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hi ,insurance policies in india unlike the west is a flat rate decided on the ex showroom price of the vehicle.....we do not yet have premiums based on age of driver/car,which city, how long you  drive, what safety features are there...etc.....in your case i think either the dealer has earned some quick bucks or the insurance guysmiley7.gif..pls check crosscheck with a third party...

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Is it that after deregulation they have introduced other parameters in the Insurance calculations? In the west driver age, experience, record, location, profession profile, car accident profile, cost of repairs, etc. all come into the picture. I will be surprised if in India they are that sophisticated yet!

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Its because insurance is calculated on the value of the car. The swift ZXI costs more than the VXI so the insurance also costs a little bit more.

 

But with new norms, all this should see a change and hopefully cars that have more safety to offer should get tax soaps.

 

FRG

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