There are many types of insurance. Everything is having insurance now. So, automatically the vehicle will have insurance. Car insurance is the predominant one in that. There are many key criteria in car insurance. Car insurance companies look for various factors before issuing the insurance. Moreover different companies have different benefits and tolerance factors. The important facts are No Claim Discount ( NSD ) or No Claim Bonus ( NCB ) and No Claim Discount ( NSD ) Protector. If you have not claimed at least for 1 year, then you are eligible for No Claim Discount. No Claim Discount is activated, when you renew the car insurance.

Private cars:

• Number of years with no claims -Discount on renewal
• 1st year - 10%
• 2nd year - 20%
• 3rd year - 30%
• 4th year - 40%
• 5th year - 50%( max)

Commercial Vehicles policies: :

• Number of years with no claims -Discount on renewal
• 1st year - 10%
• 2nd year - 20%

No Claim Discount ( NSD ) Protector: :

It is an extension of the car insurance policy. It protects the status of the No Claim Discount ( NSD ). Your 50% NCD will be protected for the first claim in the policy year with additional premiums.

• No of Claims - Reduced NCD with Protector
• 1 Claims – 50%
• 2 Claims – 20%
• 3 Claims – 0%

These companies look for claims, age and models of car. If you are a female or older citizen, then you will surely get the insurance. If you are a young male, then it is difficult to get the insurance. Since young male drivers tend to do more accidents, they don’t get the insurance. Car driving experience also counts for the insurance. If you have clean driving record, then it helps you to get insurance easily. The make and model of the car is also important. If the car is a sporty model, then the premiums will be high. Since sporty cars have high acceleration facilities, there are more chances of accidents. If the car is a family model, then the premiums will be less. The family models have less acceleration facilities. Moreover, it is less risky and dangerous than sporty cars. If you have not filed the insurance claim before, then it is an added factor. There is also car quotation. It is mandatory to properly fill the car quotation form.