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Tag Archives: Tier-2 and Tier-3 vehicle insurance

India’s Motor Insurance Market Shifts Gears: Tier-2/3 Growth and a 670% EV Insurance Surge

Mumbai. Thursday, 28 May 2026 The Indian automotive landscape is undergoing a monumental transformation. No longer confined to the traffic-dense corridors of Tier-1 metros like Delhi, Mumbai, or Bengaluru, the momentum of vehicle ownership—and consequently, motor insurance—has officially migrated to Bharat’s emerging urban centers. According to Policybazaar’s newly released ‘Motor …

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