Why there is
a significant difference in premiums for lic vs ICICI & hdfc..
If you think about it there really is
no significant difference in premiums rates.
If you drive a Toyota Corolla but your roommate drives a Lamborghini, you should expect
a significant difference in your premiums.
You may, for example, be rated as a Standard policyholder at one insurer but as a Substandard at another — which could have
a significant difference in your premium cost.
There can be
significant difference in the premium of different insurance companies for same amount of insurance cover.
In Illinois, this can make
a significant difference in premium, because credit - based insurance scores factor heavily into the cost.
Not exact matches
California is the only state with
significant premium increases as miles driven increases, with a 25 %
difference in average annual
premiums between those who drive 7,500 miles per year or fewer.
The
difference in your auto insurance
premium, however, may be
significant.
While a higher deductible will result
in lower rates, the
difference in premium is often not
significant and you need to make sure you can easily afford to pay it if you have to file a claim.
Hello Pritam, If there is a
significant difference on the
premium (on the lower side) with the same cover or if there is
significant difference on the cover (
in the higher side) with the same
premium then it makes sense to shift.
Your deductibles on physical damage for comprehensive and collision coverage can make a
significant difference in your policy
premium.