5 Ways to Curb Your Auto Insurance Cost


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Several insurers suggest better rates these days to customers who are eager to share a lot of personal information like age, gender, marital status, occupation, claim history and driving track record. For example, Berkshireinsurance.com, which distributes Bajaj Allianz's motor insurance policies, offers 5 percent discount to those who give details about themselves by answering the questions in the forms.

Arun Balakrishnan, CEO, Berkshireinsurance.com said, "This definitely helps the customer in the long run as based on their responses and disclosures, many insurance providers give premium discounts. For example, premium for a young, smoking male will be higher than the premium for the same amount of cover for a young, non-smoking female.”

Niraj Jain, CEO, insurancemall.in adds, "The details help in correct calculations of premiums and sometimes help in getting discount/offers. The extent of discounts depends on service providers, but generally ranges from 10 percent to 25 percent.”