To answer your motor insurance question, you first need to understand the key factors that affect car insurance premium, so you can get a fair idea of where you stand. For example, a smaller model may fetch lower premium. Similarly, modern auto technology and high end safety features may attract a discount on premium.   \r\rBut there’s another important thing to consider, and that’s voluntary deductible. Voluntary deductible refers to the minimum amount that the policyholder decides to bear when a claim is lodged. In case you have opted for a voluntary deductible of Rs 17000.