New Delhi, March 18 -- Owning a vehicle comes with many responsibilities, andcar insurance is one of the most crucial ones. It protects drivers from financial liabilities arising from theft or damages caused by accidents. Understanding how premiums are calculated can help drivers make smarter choices when buying insurance.

Car insurance premiums are the amount paid to maintain coverage. Insurance companies determine this cost by evaluating various risk factors. Advancements in data analytics, artificial intelligence (AI), and telematics have enabled insurers to offer more personalised premiums to policyholders. In addition to vehicle, driver, and policy-specific factors, market conditions, inflation, and regulatory changes also affect in...