3rd party car insurance rates
For third-party auto insurance claims, the person you injure or whose property you damage will make a claim directly to your insurance company, and your insurer will deal with making a settlement. If someone makes a third-party insurance claim against you, your insurance company will settle the claim, up to your insurance limits. In India, all private car companies provide third party insurance and one of the essential requirements when you go to book your car and seek for insurance policies. This year, IRDA has hiked third party motor insurance premium rates by 40% compared to last year when it was only 20%. Third-party insurance premium rates for two-wheelers. Third-party premiums have been hiked for two-wheelers with engine capacity less than 75cc from Rs 427 to Rs 482. The rates are also hiked for two-wheelers with engine capacity exceeding 75cc but not exceeding 150cc from Rs 720 to Rs 752.