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Is there any thumbrule/percentage by which the insurance on a car reduces every year (assuming no claims all throughout) ?
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Insurance companies have pretty similar structures, for e.g. for the first year with no claims you could get a bonus of 10 - 15%. There is a table that they follow, and this has to be present in your insurance policy.
After 5 years of no claims on any of my cars, each and every one of my policies enjoys a 65% discount.
GTO