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So, are you planning to install CNG in your car? Or are you thinking about buying a CNG enabled car? If so, you must know how much the CNG car kit will affect your car insurance price. Let us talk about such details related to CNG car insurance in this blog.
CNG or Compressed Natural Gas is the best choice when it comes to using eco-friendly means of driving.
Below are some of its benefits:
These days, many car manufacturers in the country have started producing CNG cars so that the dependency on the other resources can be lowered. But when it comes to installing CNG kit in your car or buying a CNG car, it causes changes in your car insurance premium.
You can have CNG in your vehicle in two ways, either by buying a CNG car or by replacing the fuel system of your old car with a CNG kit. Irrespective of the way you get CNG in your vehicle, it will have some impact on your insurance policy.
Here, we are giving details on both the ways that you can get CNG in your car and how it affects your car insurance:
Now, let us discuss how CNG impacts your car insurance policy premium and what all to expect.
Hiked Premium – As already discussed, CNG enabled cars require high maintenance. Thus, you will be levied with a high premium on your CNG fitted car by your insurer. Whether you opt for a third-party car insurance policy or buy a comprehensive insurance plan you will have to pay an enhanced car insurance premium.
Inadequate coverage – If you add a CNG kit to replace the petrol car, your existing premium will not be enough to cover your new car model. This is because the earlier policy was issued to cover your petrol or diesel car variant, while the CNG variant cannot be covered under such coverage amount. Since CNG enhances the liability of the insurer due to high maintenance cost, thus it requires the insured to pay enhanced premiums. So, it is advised to change the current policy at the time of car insurance renewal and pay premium accordingly so as to get proper CNG coverage.
Whether you buy a new CNG car or upgrade your existing car with a CNG kit, you will still require CNG car insurance. However, if you are looking at the best premium rate for your CNG car insurance renewal online, you can use the motor insurance premium calculator for this purpose. This way, you will come to know how much premium will be levied on you for your CNG fitted car insurance.
The calculator also helps you to compare the premium of car insurance online of several insurers so that you can choose the most suitable insurance for your CNG fitted car.
Read More: Pros and Cons of Installing a CNG Kit in Car – Things One Should Know
To Conclude
Petrol and diesel cars are not environment friendly. Moreover, the ever rising prices of petrol and diesel also make it difficult for people to afford such cars. Thus, it is better to buy CNG fitted cars, which serve as alternative fuel. This way you can stay eco-friendly, while reducing the burden on your pocket for buying petrol. Also, do not forget to buy the best car insurance in India for your CNG car.
Also Read: Five Reasons Why Car Insurance Is Necessary In India? | Car Insurance Policy Comparison
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