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How Vehicle Insurance Premium is Calculated

Irrespective of the vehicle being bought for commercial or personal use, Vehicle Insurance becomes unavoidable for every vehicle owner. While purchasing a new vehicle, first, you need to take insurance for the same even before bringing your vehicle on the road. Getting insurance for your vehicle is a safety measure for yourself and the public in the traffic and hence a legal obligation. Most people do not understand the functioning of insurance, thinking it is difficult. We are here to make you understand the concept and process of vehicle insurance. Go through the following information to know more about the premium calculation for your vehicle