5 min read
Updated on Feb 06, 2023
There was a time when having a car was a symbol of luxury. Only the rich people used to have four-wheelers. These days, it has become more of a need. Whether it is a hatchback or an SUV, almost everybody who lives especially in urban areas has a car. When you have a car, you must buy a car insurance policy as well. A car insurance policy is very helpful, especially in case of damage to the car as well as third-party liabilities.
When buying a car, these days it is always confusion among the buyers about whether to buy a manual car or an automatic car. The debate on manual vs automatic cars seems to be unending. Many people prefer automatic cars since it is easier to drive one such car. However, while buying one, you must know that it may affect the premium that you have to pay for your car insurance. So, let us discuss automatic vs manual car insurance in India and it has its impact on premium cost.
As the name explains it all, the driver in a manual car needs to manually shift gears to drive the vehicle either forward or reverse. While some say that it is easier to drive a car that has a manual gearbox, others say that the coordination can be a bit challenging.
Unlike a manual gearbox, in a car with an automatic gearbox, the driver is guided by an onboard Electronic Control Unit (ECU) based on the operation of the accelerator pedal. Therefore, an automatic gearbox changes the gears on its own and the driver does not need to make any manual intervention. A car with an automatic gearbox may not give you a fun ride but it can certainly be hassle-free. And if you are in a crowded urban area, a manual car comes as a great help.
Also Read: Best Automatic Car in India Under 10 Lakh
The cost of motor insurance for cars is decided based on many significant factors. The factors include the model of the car, size of the engine, manufacturing year, location, and the approximate market value of the car.
The only difference between the two cars is their gearbox. This is why; an automatic car generally is much more expensive than a manual car, especially when it comes to buying car insurance. The reason is, that the repair or replacement of an automatic gearbox cost is more than a manual gearbox. So, we can say that the insurance premium for an automatic car will be higher than for a manual car. However, the difference in the insurance cost is marginal.
As we have already discussed, the premium of car insurance depends on various factors, and some of them are mentioned herein below:
Since the insurance price for an automatic car is higher, you must put the effort into maintaining the condition of your car. Here are some tips on maintaining an automatic car.
Now that you know the difference between automatic cars vs manual cars in India, you should get a car insurance policy at the earliest. Once you have a car insurance policy, you can rest assured of the expenses that will be borne by the insurance company in case of any kind of damage that happens to your car.
As previously stated, a number of aspects of the vehicle determine the insurance or premium cost. Typically, the automatic version of a car costs more than the manual version. As a result, the automatic car insurance premium is higher than the manual car insurance.
Since there is no paperwork and physical documentation required, insurance companies benefit from this. Furthermore, no need to pay agents a commission for selling you a policy, which is why, it is cheaper to purchase car insurance online.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Depreciation is the silent financial predator that eats up the value of your car over a period of time. It not only deteriorates the vehicle.
We know that third-party car insurance is mandatory, and without this cover, you cannot drive vehicles in India. But, even with a third-party cover can.
If you are a four-wheeler owner, buying car insurance is not just a legal obligation but also necessary for your peace of mind. In the.
Everything you need to know about car inspection as part of the insurance claim process. A car is one of your most valuable assets and.
Pollution is a huge threat that has been contributing severely to the deteriorating health of people in India. A major contributor of the increased air.
For keeping the environment clean and pollution free, people have now started using Electric Vehicles in India widely. Let us understand in this post how.
A car insurance policy number is a basic requirement during accidents, mishaps or at regular traffic police checking. Let us understand how to get an.
Accidents and uncertainties are part of life that comes unexpectedly without any prior information. Hence, it is very important to have a first aid kit.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue