Yes, it does. The location at where you reside can affect the premium. If your locality is prone to robberies, theft, burglary then the motor insurance premium will be higher than the localities where the instances of theft are less. The metro cities in India usually have higher premium than non-metro cities, you will find that cities are usually divided into zones for insurance purposes normally it is metro cities and the rest of India.
Rideshare businesses like Uber and Lyft are becoming more popular, and drivers need unique coverage to insure their vehicle. Historically, rideshare employees would have to acquire a separate, commercial policy. But with State Farm, you can make sure you’re covered around the clock. Just note that this relatively new option is currently limited to 42 states.

The varied rate of IDV's reflects different rates of premiums. Insured Declared Value, abbreviated as IDV, is the current value of the car after being adjusted for appropriate reduction. The rate of depreciation depends on the age of your car. Older the car, higher would be the depreciation and lowered would be your IDV. And it affects the Sum Assured. Hence, compare the IDV quoted offered by different car insurance plans is a must.
Personal injury protection (PIP) or medical payment are similar to bodily injury liability but instead cover the costs of injuries to yourself and any passengers in your vehicle. You certainly don’t want to be underinsured when it comes to your own medical attention — choosing PIP helps protect you from financial damages that might come as a result of physical ones.
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