The premium mainly depends on the cost/IDV of the vehicle, year of manufacturing, make, CC of the car, seating capacity, cost of electrical & non-electrical items therein, cost of CNG/LPG kit (if any), type of cover (comprehensive, passengers' cover, 3rd party etc.), no claim bonus (for renewals) etc.


Besides the above, the premium also differs depending upon the grade your city falls in -
Grade A cities are Ahmedabad, Bangalore, Chennai,Hyderabad, Kolkata, Mumbai, N. Delhi & Pune,

Grade B. Rest of India
For Grade A cities, premium is higher than that for Grade B cities.