Things You Need to Know About SUV Car Insurance
If you are planning to buy an SUV car, it is also essential that you insure it with a suitable SUV car insurance policy. SUVs are pretty expensive;
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Importance of Insuring Your SUV Car
Here are some reasons why you should consider insuring your SUV car:
- One of the primary reasons to buy SUV car insurance is to protect yourself from any legal liabilities that may arise due to your car. Liabilities like third-party property damages and third-person death can be covered with an adequate SUV car insurance policy.
- Insuring your SUV is also important as it will compensate you if your car suffers damages due to unforeseen incidents. Such incidents include road accidents, natural disasters, theft, fire, and manmade acts.
- If you do not want to pay hefty fines for traffic rule violations, it's important to insure your SUV before taking it out on the road. Having at least third-party car insurance is mandatory as per the Indian Motor Vehicles Act.
Cost of Insuring an SUV Car Online
Now that you know why it is important to have a motor insurance policy for your SUV, here is a table stating the approximate cost of insuring an SUV online:
| Premium Breakup |
Cost of Car Insurance (Rs.) |
| Basic Own Damage Premium (1 year) |
40,785 |
| Third-Party Cover Premium (3 year) |
24,596 |
| Zero Depreciation (Add-on) |
4,078 |
| GST@18% |
6,263 |
| Final Premium |
41,055 onwards |
*The above-mentioned quote is for a brand-new Mahindra Thar registered under DL1 RTO. The prices are for a three-year TP and 1 year OD policy. All prices are on ex-showroom cost.
Purchasing an SUV Car Insurance Policy Online
Buying car insurance for your SUV is easy when done online. Moreover, you can also compare car insurance prices online before choosing the desired plan.
Here is a step-by-step process for purchasing SUV car insurance online from Policybazaar.com:
- From the homepage, click on the “Car Insurance” tab,
- On the next page, enter your car number or select “Brand New Car” option
- Select your car’s RTO, make, model, variant and fuel type from the list
- Select the car’s registration year
- Now fill in the registration form with some of your details
- From the given SUV insurance plans, choose the desired plan
- Select any additional cover you wish to include
- Once you have finalised your plan, pay the premium amount via online payment mode.
- After successful payment, your SUV car insurance policy documents will be mailed to you.
Wrapping Up!
Due to the high demand in the automobile sector, almost every car company has started manufacturing SUVs in India. Some popular SUV cars in India include the Tata Nexon, Mahindra Thar, Hyundai Creta, Tata Punch, Toyota Fortuner, etc. However, no matter which SUV model you buy, it is crucial to cover it with a valid motor insurance policy to stay covered financially and legally.
