Many factors determine the premium.
For Own Damage cover, the premium varies from one insurance company to the other. Getting three or more comparison quotes is a worthwhile proposition. Checking various insurer’s websites or getting comparisons from an Insurance Broker’s Comparison website will help you to make an Informed choice. Do not forget to compare coverages, benefits, deductibles, IDV’s, etc. as premium will vary based on these parameters.
Third Party Liability Premium rates are laid down by IRDA.
In case of break in insurance (renewal after expiry), vehicle inspection would be required and extra charges, if any, may have to be incurred by the Insured.