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Frequent Contributor
Ena
Posts: 79
Registered: ‎26-07-2016

Does premium remain same for cars under same brand?

I had bought Hyundai Eno 2 years ago and now am buying Hyundai Xcent. Was just wondering how the premium has so much difference when brand is same?

2 REPLIES 2
Frequent Contributor
maheshkulkarni
Posts: 88
Registered: ‎02-08-2016

Re: Does premium remain same for cars under same brand?

Usually, brand does not make any difference to premium calculation. It depends more on the make/model of the car, age, place of registration etc.

Contributor
Jack
Posts: 73
Registered: ‎26-07-2016

Re: Does premium remain same for cars under same brand?

Many a times premium also depends on certain discounting based on your age and occupation.  Secondly, I have witnessed No Claim Bonus earned during the previous policy holding can make a huge difference.