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What factors affect car insurance premiums for SUVs and sedans?


What factors affect car insurance premiums for SUVs and sedans?

In this article, we compare sedan insurance versus SUVs to see which is less expensive for insurance: a sedan or an SUV.

Table of contents
SUV insurance vs. sedan insurance
Car type
Year of production
Fuel type
Take away

The SUV has proven itself as a viable alternative to sedans because it offers the same luxury ride and amenities as the latter. SUV prices have also become competitive compared to sedans. Some of the current SUVs are small and smaller and have a cabin capacity similar to those in a sedan. To drive on Indian highways, all car owners must get insurance, but the concept of vehicle insurance becomes increasingly confusing over time. The cost of car insurance is determined by a number of factors, including the driver's driving record, the presence of modern anti-theft equipment in the car, optional car discounts, and driver's age, And so on. What interests car owners is that the type of car they drive has an impact on their insurance prices. The higher the price of buying a car, the higher the insurance prices.


SUV insurance vs. sedan insurance

The Indian automotive industry has grown over time to provide a wide range of affordable vehicles. They range in size from small cars to luxury sedans and SUVs, with a variety of engine capacity, design and extras. The cost of owning a car (including car insurance premiums) varies depending on the type of vehicle, engine capacity and amenities. As a result, consider the following considerations when deciding between an SUV and a sedan, as it may affect the price of your car insurance.


Car type

The four wheels come in a variety of shapes and sizes, each with its own set of functions. Smaller hatchbacks, sedans with larger interior rooms, off-road SUVs and higher-capacity UVs are available. The SUV is traditionally equipped with larger engines, complex 4× 4 mechanics, and off-road-focused equipment that has allowed it to traverse difficult terrain. However, they didn't provide a soft ride similar to that provided by a sedan until it became an expensive and luxurious SUV. But in recent years, this has changed. The new SUV is compact and smaller, but offers a large cabin, luxury equipment, better ground-based interior and fun driving at the same price as sedans. One of the most important aspects in determining the cost of car insurance coverage is the cost of the car.


Year of production

The year your car was built tells you how old your car is. When calculating the premium, the age of the car is taken into account. Because of the consumption element, that's the case. Engine components are further eroded as the car ages. Newer cars get a higher premium because market value is very important in determining the price of insurance.


Fuel type

Petrol cars are often less expensive than diesel cars. As a result, the cost of insurance for gasoline cars is cheaper. Whether you're buying gasoline, diesel, compressed natural gas or a liquid propane car, the cost of a car has a significant impact on the cost of your insurance coverage. The insurance rate for gasoline-powered SUVs is likely to be lower than the price of a diesel car. Additionally, if you put a CNG or LPG range in your car (SUV or sedan), your premium will almost certainly rise.

Before buying car driver insurance, compare the policies and plans offered by many companies. You'll be surprised to find that two companies offer the same services at different prices. Many websites allow you to compare insurance quotes by just a few clicks. Also, be aware of the approach you choose. Your car insurance policy may include features you don't need. As a result, it is important to check back the services before moving further.


Check your credit card history

Vehicle insurance companies often check credit card information, and discounts are often offered. You can take advantage of special offers and save money on insurance if you have a good credit card history. There's a reason companies give you discounts based on your credit card connection. According to statistics, those with a better history of credit cards are more careful in their money and make fewer claims.


Take advantage of the benefits of a low-mileage car

Insurance companies offer discounts on vehicles driving below average miles. This means that if you don't drive your car often, you'll work less effectively than cars that are driven a lot. If your car fits this category, it may save a lot of money on securing your car. The vast majority of people don't need a car every day. They either use public transport or prefer to walk or ride their bikes. As a result, it is always possible to save money only by driving less.


Small vehicles are the best.

Although this may seem small, it is true. The bigger and heavier the car, the more money you have to invest in your insurance. For example, the new Toyota Fortuner always requires more insurance coverage than regular Suzuki Maruti. Additional features and luxurious interiors are included in high-end sports cars that are not required for everyday driving. Small hatchbacks, on the other hand, are better for travelling around the city. In addition, you will save a large amount of money on car insurance. Their smaller cars are also less harmful to the environment. This is a win-win situation in all respects.

Drive carefully when behind the wheel

No, that's not useless advice. Only if you damage or lose your car, your car insurance begins. Drunk and reckless driving are the main causes of car accidents and deaths around the world. If you drive carefully, you will have a low risk of damage and you will not need to make a claim. Finally, safe driving can not only help your car last longer, but will also save you money on car insurance.

Take away

Owning a sophisticated car in India is not only easy to repair and maintain, but may also lead to higher owner insurance costs. However, retaining such high-end differences is a source of pride and self-satisfaction as long as it adheres to the owner's unique aesthetics.

READ ALSO - In India, why and how is a car insurance background check done?

Disclaimer: This article is published in the public interest and is intended solely for the purposes of public information. Readers are advised not to rely on the contents of the article as crucial in nature and should conduct further research or consult an expert in this regard.

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