Third party auto insurance will be 17 to 23 percent more expensive

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New Delhi: In the new financial year starting April 1, third-party vehicle insurance can be as expensive as 15 to 6 per cent for vehicle owners. For the first time in two years, Corona's premium will rise.

The Ministry of Road Transport has announced the proposed rates for third party motor insurance for the financial year 205-2 after discussions with the Insurance Regulatory Authority of India (IRDA). The new premium rates will be applicable from April 1, 207. Third party insurance is now mandatory for all vehicles running on the road in the country. As the cost of vehicles and fuel prices continue to rise, the rising premium rates will now have to bear the brunt of falling drivers.

Under the new premium rate, Rs. For 2,05,1000 cc to 1,200 cc cars Rs. For cars above 5,612 and 1,200 cc, Rs. You will have to pay a premium of Rs.

If we talk about two-wheelers, the third party insurance for two-wheelers between 150 cc and 50 cc is Rs. For two-wheelers above 1,2 and 20 cc Rs. 5,505 premium has to be paid.

In the case of a commercial vehicle, the third party insurance premium is Rs. 15,05 to Rs. Will be between 4.5. Hybrid electric vehicles will offer a 2.5 per cent discount on motor third party premiums. For a private electric car, depending on the kilowatt capacity, Rs. 1,50 to Rs. There will be a premium of up to Rs 5,612.


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