Ques: I don’t want to pay a lot for the premium of my car insurance policy. Can you please suggest me some definite ways of reducing premium?
There are some definite ways of lowering your car insurance premium. You can minimize the IDV of your car to reduce the premium. You can also install anti-theft devices in your car to be eligible for discounted premium. If you don’t make any claim in a given policy year your premium will be reduced in next policy year. Moreover, if you are associated with certain professions like if you are a doctor you are also entitled to get discount on premium.