Overview
Car insurance provides financial protection during unexpected mishaps. If you own a Maruti car, understanding the ins and outs of Maruti Suzuki insurance can make a significant difference in your driving experience.
In this comprehensive guide, we'll break down everything you need to know about Maruti Suzuki car insurance in simple terms, from the basic concepts of car insurance to exploring the specific features offered by Maruti insurance plans. Let’s start with a brief history of the car manufacturer.
More About Maruti Suzuki India Ltd.
Maruti Suzuki India Limited, based in New Delhi, is a well-known Indian automobile manufacturer with a rich history. Formerly known as Maruti Udyog Limited, the company was initially a government-owned enterprise until its privatization in 2003, when Suzuki Motor Corporation of Japan acquired it. Over the years, Maruti Suzuki has strengthened its position as a leader in the Indian automotive industry.
With an impressive tally of 294 awards, Maruti Suzuki has been recognized for its commitment to excellence. Notable among these awards are the prestigious 'Indian Car of the Year' for models like the Vitara Brezza and the coveted 'Manufacturer of the Year' title.
Maruti Suzuki is also known for its affordable car lineup that seamlessly combines functionality with advanced features. These vehicles have exceptional mileage, performance, comfort, safety, and distinctive design. Among Maruti Suzuki's best-selling models are perennial favorites like the Alto, Wagon R, Swift Dzire, Baleno, and Swift, among others. These vehicles have garnered widespread acclaim for their reliability, fuel efficiency, and value for money.
Moreover, Maruti Suzuki extends its commitment to customer welfare through Maruti Insurance Broking Private Limited. This subsidiary has been registered under the Insurance Regulatory and Development Authority (IRDA) and offers a range of motor insurance products in collaboration with various insurance companies across the country.
Maruti Insurance Price Estimate for Different Car Models
The following table covers an estimate of Maruti Suzuki car insurance premium for different car models:
| Car Model | Ex-showroom Price | Insured Declared Value (IDV) | Zero Depreciation Cover | Maruti Suzuki Insurance Premium (Bundled policy) |
|---|---|---|---|---|
| Maruti Suzuki Alto 800 LXI | Rs. 3.90 Lakhs approx. | Rs. 3.73 Lakhs approx. | Rs. 950 approx. | Rs. 10,400 onwards |
| Maruti Suzuki Celerio ZXI | Rs. 6.65 Lakhs approx. | Rs. 6.33 Lakhs approx. | Rs. 1,800 approx. | Rs. 13,800 onwards |
| Maruti Suzuki Wagon R VXI | Rs. 5.99 Lakhs approx. | Rs. 4.03 Lakhs approx. | Rs. 950 approx. | Rs. 15,300 onwards |
| Maruti Suzuki Dzire ZXI | Rs. 8.10 Lakhs approx. | Rs. 7.50 Lakhs approx. | Rs. 1,950 approx. | Rs. 17,800 onwards |
| Maruti Suzuki Swift ZXI | Rs. 7.63 Lakhs approx. | Rs. 7.24 Lakhs approx. | Rs. 1,850 approx. | Rs. 17,600 onwards |
| Maruti Suzuki Ertiga ZXI (O) | Rs. 10.55 Lakhs approx. | Rs. 9.64 Lakhs approx. | Rs. 2,500 approx. | Rs. 19,000 onwards |
Disclaimer: The Maruti car insurance price for different car models may vary as per the year of the car’s registration, its model variant, fuel variant, RTO, type of coverage opted, IDV, etc. The numbers provided here are only estimates, and the actual price may vary. It is advisable to consult with our partners for accurate pricing information.
More About Maruti Suzuki Insurance Premium Calculator
Maruti Suzuki insurance premium calculators are online tools to help car owners like you estimate their insurance premiums. These calculators consider the car's make and model, registration details, IDV, and selected coverage options to provide an approximate premium amount.
You should also know that:
- Using the Maruti insurance calculator is simple and user-friendly. You can input relevant information about your vehicle and coverage preferences into the calculator, which then generates an estimate of the insurance premium.
- These calculators provide transparency and clarity regarding insurance costs. You can make informed decisions about car insurance coverage without surprises by obtaining a personalized premium estimate.
- Additionally, the calculator helps you compare premiums across different insurance plans and coverage options, enabling you to select the policy that best suits your budget.
It's important to note that the Maruti insurance calculator offers a helpful approximation of insurance costs. However, the actual premium may vary based on specific factors such as location, driving history, insurance provider policies, and others.
Common Inclusions and Exclusions of Maruti Suzuki Car Insurance
When you want to buy the best insurance policy for your Maruti car, you need to understand the standard inclusions and exclusions offered by Maruti Suzuki insurance. These features are tailored to meet your needs.
Inclusions:
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Maruti Suzuki Insurance covers damages to your vehicle caused by accidents, theft, vandalism, or natural disasters like floods or earthquakes.
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Third-party liability cover protects you against legal liabilities arising from third-party property damage or injury/death of a third party due to an accident involving your Maruti vehicle.
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Personal accident cover offers financial protection in the event of accidental death or permanent disability of the insured or passengers while traveling in the Maruti vehicle.
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Maruti Suzuki car insurance also offers a range of optional add-ons such as zero depreciation, engine protection, and roadside assistance to enhance your insurance protection further.
Exclusions:
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Normal wear and tear of the vehicle's components are typically not covered under Maruti Suzuki insurance.
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Damages or liabilities arising from driving under the influence of alcohol/drugs are excluded from the Maruti insurance coverage.
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Any damages or liabilities incurred from engaging in illegal activities or driving without license are not covered.
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Most Maruti Suzuki insurance plans do not cover consequential losses, which are losses resulting indirectly from the insured event.
To be on the safer side, you must review the specific terms and conditions of your Maruti insurance policy to fully understand what is covered and what is not.
Recommended Read: Most Common Inclusions/Exclusions of Motor Insurance
How to Buy Maruti Suzuki Car Insurance?
Buying or renewing a car insurance policy from RenewBuy is a straightforward process. Here's a step-by-step guide to purchasing Maruti car insurance:
Finalize a Maruti Suzuki car insurance provider. cYou can then connect with RenewBuy partners online and/or offline to buy new car insurance.
Select the option for ‘New Car Insurance’.
Complete the form with accurate information and proceed to view the prices.
Review the available Maruti Suzuki car insurance plans and select the one that fits your budget and coverage needs. You can also choose add-on covers to enhance your insurance protection.
Once you've selected your desired plan (with or without add-ons), confirm the rest of the details on the next page. Proceed to pay for your insurance using your preferred payment method.
Once the payment is successfully processed, your Maruti car insurance policy will be processed and mailed to you.
How to Proceed with Maruti Car Insurance Renewal?
If you have purchased Maruti insurance from RenewBuy, you can follow the steps given below for insurance renewal:
Go to RenewBuy.com and locate the 'Motor Insurance' page under the 'Insurance' drop-down menu.
Follow the path: Car Insurance => Renew Car Insurance.
Click ‘View Plans’ and complete the required form with accurate details regarding your vehicle and insurance needs.
Input your Maruti car's registration number to retrieve its information.
Choose the expiry date of your previous insurance policy and provide relevant claim details if necessary.
Review the available Maruti Suzuki car insurance renewal plans and select the one that aligns best with your requirements.
Take advantage of any applicable NCB from your previous policy to reduce your premium.
Provide any remaining details needed for the Maruti insurance renewal process.
Once you have filled in the required details, proceed to make the payment.
How to File a Claim Under Your Maruti Suzuki Insurance Policy?
The generic steps involved in filing a claim for car insurance are nearly the same, except for some variations with respect to the plan/insurer you have chosen. To know more, read this complete guide on the car insurance claim process.
Besides this, you may also want to know about the following: