Does My Place Of Residence Affect My Car Insurance Premium?

Yes, place of residence does play a role in deciding your insurance premium. Insurance companies consider your location as one of the key factors when determining your premium. That’s why the first step of our car insurance calculator will ask you for the RTO under which your car is registered.

Several factors related to your place of residence can influence your car insurance costs:

• Population Density
• Crime Rate
• Traffic Congestion
• Weather Conditions
• Legal Requirements
• Claims History

Know more about – Need of car insurance policy in India
Living in a metro city or disaster-prone area means you could pay more for car insurance because these places have higher car damage risks. Car insurance is about sharing these risks, so where you live can impact your premium.