Car insurance premiums are decided by insurance companies based on various factors such as car brand and model, engine type, driving history of the owner, IDV of the car, geographical locations and much more.  

No, it doesn’t. On the contrary, as the age of your car increases, the IDV goes down due to depreciation. This in turn reduces your insurance premiums.

It is advisable to go for a comprehensive car insurance policy that provides all the kinds of cover you may require. You can also get additional riders when choosing a comprehensive insurance plan for increased coverage.  

If you stop paying your car insurance, your policy will lapse. If your third-party insurance policy lapses, you will no longer be able to legally drive your car.

You can choose to pay your car insurance premiums in monthly, quarterly, semi-yearly or yearly installments. You can decide the terms of payment with the insurance company at the time of buying the car insurance.