CNG Cars and Insurance Costs: What You Need to Know

The rising popularity of CNG cars in India is driven by their eco-friendly nature and fuel cost-effectiveness. But how does opting for a CNG car impact your car insurance? This guide explores the key aspects of CNG car insurance and its associated charges.


1. Impact of CNG Kit on Insurance:

  • Coverage for CNG Kit: A standard car insurance policy might not cover a CNG kit installed later. You'll need to inform your insurer about the CNG kit for proper coverage.
  • Increased Coverage: Including your CNG kit in your policy increases the overall insured declared value (IDV) of your car, potentially leading to slightly higher premiums.

2. Types of CNG Car Insurance:

  • Third-Party Liability (Mandatory): This basic coverage protects against any damage caused to a third party's vehicle or injuries in an accident you are responsible for. The IRDAI (Insurance Regulatory and Development Authority of India) mandates a fixed premium increase for CNG kits under third-party liability policies.
  • Comprehensive Coverage: This offers the most protection, covering both third-party liability and damage to your own car caused by accidents, theft, fire, natural disasters, and CNG kit damage. The premium increase for comprehensive coverage will depend on the value of your CNG kit and the chosen insurer.

3. Cost Considerations:

  • Third-Party Liability: Expect a fixed premium increase mandated by IRDAI for including a CNG kit in your third-party policy (typically around Rs. 60).
  • Comprehensive Coverage: The premium increase for comprehensive coverage will vary depending on:
    • CNG Kit Value: A higher value kit will lead to a higher increase in premium.
    • Chosen Insurer: Different insurers might have varying pricing structures for CNG car insurance.




4. Finding the Best Deal:

  • Compare Quotes: Utilize online insurance aggregators or contact multiple car insurance companies lije  to compare quotes for both third-party and comprehensive coverage options for your CNG car.
  • Consider Specialized CNG Insurers: Some insurers might offer specialized CNG car insurance with potentially competitive rates.

5. Conclusion:

While CNG cars offer several benefits, they do influence your car insurance costs. Understanding how CNG kits affect coverage options and premiums empowers you to make informed decisions. By comparing quotes and exploring specialized options, you can find the best CNG car insurance that meets your needs and budget.

Location: Pune, Maharashtra, India

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