Which is the cheapest motor insurance in India?
| Motor Insurance Company | Comprehensive Car Insurance Price (without any add-on) Excluding GST @18\% |
|---|---|
| TATA AIG General Insurance | Rs. 13,616 |
| Digit General Insurance | Rs. 15,226 |
| Royal Sundaram General Insurance | Rs. 17,793 |
| Bharti AXA General Insurance | Rs. 20,071 |
What is pay per use insurance?
‘Pay as you use’ is our telematics based car insurance plan that helps you insure your car at really affordable prices depending on your usage.
Which policy is best for car?
Car Insurance Companies in India
| Car Insurance Company | Cashless Garages | PA Cover |
|---|---|---|
| Future Generali Car Insurance | 3194 | Rs. 15 lakhs |
| IFFCO Tokio Car Insurance | 6757 | Rs. 15 lakhs |
| Kotak Mahindra Car Insurance | 2327 | Rs. 15 lakhs |
| Liberty Car Insurance | 4365 | Rs. 15 lakhs |
What companies offer pay per mile car insurance?
The best pay-per-mile insurance companies are Allstate, Liberty Mutual, and Metromile, as they offer competitive rates and easy-to-use programs.
How does car insurance by Miles work?
By Miles offers a form of pay-as-you-go car insurance, where you pay per mile you drive. The less you drive, the less you pay. By Miles pay-as-you-go car insurance policies are designed for drivers who drive below 7,000 miles a year.
How much do insurance companies pay for mileage?
When calculating miles traveled for compensation, it is important to note that many insurance companies reimburse according to the current IRS standard rate for medical miles driven, which is 19 cents per mile driven in 2016, 17 cents per mile driven in 2017, and 18 cents per mile driven for medical purposes.
What is pay-per-mile policy?
Pay by Mile (also known as pay as you go or usage-based) is a new type of car insurance that allows you to pay for the miles you drive and save when you don’t. Traditional car insurance works on an estimate of the miles you drive, so if you drive less, you’ll pay the same.