Petrol Vs Diesel: How Car Fuel Affects Your Car Insurance Premium?

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Petrol Vs Diesel: How Car Fuel Affects Your Car Insurance Premium? 1

Previously, only commercial vehicles used diesel engines, while most cars ran on petrol. As times changed, diesel cars gained popularity alongside petrol cars. Now, manufacturers regularly release new versions of petrol and diesel cars.

Let’s quickly review online car insurance policies in this blog and see if the fuel type of your vehicle affects your policy in any way.

Car Type And Car Insurance Policy

Between petrol and diesel vehicles, numerous differences exist. Do you know if your car’s fuel type impacts your comprehensive car insurance policy? Yes, because the cost of a car insurance policy offered by various insurers varies depending on the type of fuel a car uses and several other features.

In India, third-party car insurance is mandatory for all car owners, whether they have petrol, diesel, or electric cars. Comprehensive car insurance is essential for protecting against various car-related issues. Car insurance renewal annually online is vital to maintain coverage and enjoy its benefits. *

You can use a car insurance calculator to determine your premium costs. Claims are subject to terms and conditions set forth under the motor insurance policy.

Car Insurance: What Determines The Premiums For Petrol &. Diesel

Returning to the question of whether the fuel type of a car affects an insurance policy, the two factors that have the most significant impact on the cost of online car insurance are as follows.

  • Type Of Engine

Diesel-powered vehicles typically cost more than their petrol-powered counterparts. As a result, diesel car IDV, or insured declared value, is higher. As a result, it impacts the premium cost because you pay a higher premium when buying a car.

  • Maintenance

Additionally, the insurer charges a higher premium for your diesel-powered vehicles because diesel-powered cars require more expensive repairs.

Consider The Following Factors When Deciding Between A Car With A Petrol Or Diesel Engine:

  • Fuel Costs: Fuel costs in your neighbourhood can differ depending on your residence. Price variations for petrol and diesel may also be found in India, depending on the state in which you reside. Diesel is typically a bit less expensive than petrol, though. Many people prefer to drive diesel-powered vehicles because they are more affordable than petrol-powered vehicles.
  • Fuel efficiency: A petrol-powered car has a higher mileage capacity than a diesel-powered car, especially over short distances. Diesel cars work well for long routes, on the other hand, and are more practical. Thus, deciding between a car with a petrol or diesel engine depends on the distance of your daily commute.
  • The Cost Of Maintaining A Car: Diesel-powered cars used to be more expensive to maintain because there weren’t as many of them, and they weren’t all that common. However, given the prevalence of diesel vehicles today, maintaining these vehicles is no longer a problem. So, their maintenance costs are almost equal to those of gasoline-powered cars.
  • Your Car’s Resale Value: It’s important to remember that used diesel vehicles sell for more money than used petrol vehicles

*Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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