News From Press Out-of-production cars may attract more premium

Out-of-production cars may attract more premium

Source: Livemint Sep 18, 2018

I have an old car that the manufacturer has stopped making. An insurance agent told me that the premium for it will not reduce due to this even though I have not made a claim. Are premiums for cars higher than those that are in production?

—Baby Josey

It is not a universal rule that cars which are not in production will have higher insurer premiums. In fact, you will earn no-claim bonus (NCB) in the exact same manner as before.

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