Different insurance providers charge different premiums depending upon various factors related to the vehicle. The main parameters which are taken into consideration include the cubic capacity of the vehicle, the deductible amount of the plan, the coverage you have opted for, and the Insurance declared value (IDV) of the vehicle. Some motor vehicle insurers charge a lower premium but in return make you pay a higher deductible, whereas there are vehicle insurance companies that provide less coverage and less Insured declared value. You can find the best combination of premium rates and coverage at IFFCO Tokio.