The recently unveiled cheapest car in the world will also be eligible for cheap car insurance cover, particularly if its manufacturer can convince car insurance companies that spare parts will be cheap and readily available.
The Nano hatchback, the cheapest car in the world at just £1,300, has recently been unveiled in India . The car will also have cheap insurance, according to reports from the region.
Buyers of the new car are expected to largely be those stepping up from motorbikes and scooters, and Tata are firmly aiming the car at the Indian market. Car insurance rates have recently fallen, and one expert in the region, Mr Krishnan, was reported as saying: "The business is already skewed towards motor insurance, the launch of Nano will see a rise in the number of motor insurance policies issued in India."




