Shock: Third-party insurance for vehicles has become expensive, What are the new rates

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Where on the one hand the government had given some relief by cutting excise duty to reduce the prices of petrol and diesel. At the same time, now a new decision shocked the common man. If you have a car, now you have to spend more money on third-party insurance. Now Third party insurance is expensive. Let us tell you, there was no change in the rates of third-party insurance for the last two years.

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When was the decision implemented?

In the notification issued by the government, it has been said that the new rates of third-party insurance were effective from June 1, 2022. The last change in third party insurance was done in 2019-20. After this the rates were not increased in 2020-21 and 2021-22. Now once again there has been an increase in the rates. That is, from next month you will have to spend more money on third-party insurance.

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What will be the new rates
Train Capacity - New Rate (Rs.)

(Private car)
Vehicles up to 1000 cc - 2,094
Above 1000 cc and up to 1500 cc - 3416
Above 1500 cc - 7,897

(Two wheeler)
up to 75 cc - 538
Above 75 cc and up to 150 cc - 714
Above 150 cc and up to 350 cc - 1,366
Above 350 cc - 2,804

Electric private cars with a capacity of up to 30KW will now have to pay a premium of Rs 1,780. At the same time, an electric private car with a capacity of more than 30KW and up to 60KW will have to pay a third party premium of Rs 2,904.