In India, a car's colour has no direct impact on premiums. Insurers will look at a vehicle's make, model, engine capacity, and safety features when determining premium rates. However, it may lead to indirect effects.
For instance, sports cars, on their part, tend to be brightly often coloured and may pose a higher cost of insurance owing to people that most associate them with hyperactive drivers or speeders. Neutral-coloured vehicles, whether white, black or grey, are considered less attractive and less likely to have accidents.
Such vehicles would be viewed as low risk, hence most likely receiving lower premium quotes for insurance coverage. Compared to other criteria like car model and type, along with all safety features included in the vehicle, colour is a negligible contributor to the actual premium paid.
Bodily Injury Liability
This represents the medical costs, lost earnings, and attorneys' fees arising from injuries you cause to others. This is when you're responsible for an accident.
Property Damage Liability
This covers damages to other vehicles, structures, fences, or other property that you damage in an accident for which you are at fault, up to the limit specified in your policy.