Toyota Car Insurance

Toyota Motor Corporation is one of the world’s largest vehicle manufacturer. This Japanese Company operates in India as Toyota Kirloskar Motor Private Limited. Toyota cars are popularly known for their strong build, durability and luxurious features. Nonetheless, it is intelligent to buy additional protection for your Toyota car in the form of Toyota insurance policy to evade any chances of suffering a loss due to an unforeseen mishap.

Compare & Save upto 85%* on Car Insurance

Enter your car number

Processing

Get Car Insurance starting
@ only 2094/year^#

Renew Policy In2 Minutes*
20+ Insurers To Choose From
51 Lakh+ vehicles insured

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

For the unversed, A car insurance is a vehicle insurance policy that vows to protect your Toyota car from any unforeseen loss or damages arising out of third party liabilities, natural calamities, fire, manmade disasters, accidents or theft. It also provides the car’s owner-driver with personal accident cover.

Best Toyota Car Models (With Car Insurance Price)

Take a look at the various Toyota car models along with their insurance premium below:

Toyota Car Models(2019 Registration)	Toyota Model Variant	Insured Declared Value (IDV)	Zero Depreciation Cover	Toyota Insurance Rates(1-year Comprehensive Car Insurance)
Toyota Glanza	G MT	Rs 5,24,952	Rs 2,625	Rs 5,979 onwards
Toyota Urban Cruiser*	MID MT	Rs 6,39,160	Rs 2,098	Rs 16,878 onwards
Toyota Yaris	J MT Optional	Rs 5,60,640	Rs 3,084	Rs 7,638 onwards
Toyota Innova Touring Sport*	2.7 VX MT	Rs 11,29,855	Rs 6,214	Rs 34,022 onwards
Toyota Innova Crysta*	2.7 GX MT 7 Seater	Rs 8,75,977	Rs 5,256	Rs 31,838 onwards
Toyota Fortuner	MT	Rs 19,01,520	Rs 11,447	Rs 24,243 onwards

Disclaimer: The Toyota insurance rates for various car models may differ based on registration city, model variant, claim history, coverage, etc.

*The car insurance price for Toyota Urban Cruiser, Toyota Innova Touring Sport and Toyota Innova Crysta has been estimated for brand new cars as the car/ latest model was launched in 2020.

Types of Toyota Car Insurance

A Toyota car owner can choose to buy one of the following car insurance plans for his four wheeler:

Third Party Car Insurance – It is a type Toyota insurance policy in which only third party liabilities of the car owner is covered by the motor insurance provider. These liabilities arise due to causing accidental disability, death, bodily injuries or property damages to third parties by the Toyota car.
Comprehensive Car Insurance – It is a type of Toyota insurance policy in which the motor insurance company provides coverage for third party liabilities as well as for damages sustained by the Toyota car during an accident, manmade calamities, natural disasters, theft and fire. The insurer provides personal accident cover for the owner-driver of the Toyota car.

Reasons to Buy Toyota Car Insurance Policy

When you buy a Toyota car, you end up spending a lot of your hard-earned money. The last thing you would want is to see your car getting damaged and not getting your money’s worth. Hence, keeping your car safe under Toyota vehicle insurance is the best deal. Besides, a Toyota insurance policy is also beneficial in the following ways:

It allows you to fulfil the mandatory requirement of owning at least a third party insurance cover for your car as per India’s motor laws.
It protects you against any third party accidental liabilities that may threaten to exhaust your savings.
It covers the cost of repairing or replacing your Toyota car in case of a partial or total loss.
It compensates the car’s owner-driver in case of accidental death or disability.
It allows you to avail cashless car repair facility at any of the approved garages of your motor insurance company.
It enables you to amplify the safety of your Toyota car by purchasing add-on covers, such as engine & gearbox protector, emergency assistance cover, consumables cover, etc.
It can be purchased and renewed online without any hassles.
It comes with dedicated customer support that allows you to raise a query or an insurance claim immediately.

Toyota Car Insurance Policy Inclusions

A Toyota insurance policy provides coverage against the following risks:

Third Party Liabilities:

It covers you against any legal liabilities in case your Toyota car accidentally causes:
- Bodily injuries to third parties
- Death or disability to third parties
- Third party property damages
Own Damage Cover:

It covers the cost of repairing or replacing your Toyota car in case it gets damaged, lost or destroyed due to:
- Fire and explosion
- Accidents
- Natural disasters, including landslides, floods, storm, etc,
- Manmade disasters, including vandalism, strikes, riots, etc.
- Burglary or theft
Personal Accident Cover:

It provides compensation to the Toyota car’s owner-driver in case he/ she ends up getting disabled in an accident. It also provides compensation to the owner-driver’s family in case of his/ her untimely death due to an accident of the Toyota car.

Optional Covers Under Toyota Car Insurance:

Some motor insurance companies offer the following optional covers under Toyota vehicle insurance policy:

Electrical or non-electrical accessories cover
Bi-fuel system cover for LPG/ CNG kit

Add-On Covers Under Toyota Car Insurance Policy

Toyota vehicle insurance plans also offer add-on covers that can be purchased to get additional coverage for your car. Take a look at some of the commonly available add-on covers under Toyota insurance policy:

Zero Depreciation Cover
Passenger Cover
No Claim Bonus Protection
Alternative Vehicle Cover
Emergency Assistance Cover
Key Replacement Cover
Return to Invoice Cover
Consumable Cover
Engine & Gearbox Protector

Toyota Car Insurance Policy Exclusions

Any risks or expenses arising out of the following situations are excluded under a Toyota insurance policy:

Depreciation on the parts of the Toyota car
Damages due to contributory negligence of the driver
Driving the Toyota car outside India
Electrical or mechanical breakdown of the car
Driving the Toyota car under the influence of drugs or alcohol
Normal wear and tear of the car
Driving the Toyota car without a valid driving license
Non-accidental damages of the car’s tyres
Consequential loss of the Toyota car
Illegal usage of the car
Commercial usage of private-use Toyota cars

How to Buy Toyota Insurance Online?

Buying Toyota insurance online is very easy and convenient. Following are the steps to purchase Toyota insurance online without stepping out of your homes:

Visit the website that offers Toyota insurance online, such as policybazaar.com
Click on the icon ‘Car Insurance’
Enter your Toyota car registration number or click on other available options
Provide details of your Toyota car, such as RTO, registration year, car model, fuel type, etc.
Fill in your contact details in the requested space
Select your type of coverage you want for your car
Toyota insurance rates from various insurers will appear
Choose the policy of your choice and pay the premium online
Your Toyota insurance policy will be issued

How to Renew Toyota Insurance Online?

All Toyota insurance policy comes with an expiry date. Your Toyota policy renewal must be done before expiry to ensure the protection of your car. Take a look at the steps for Toyota insurance renewal online:

Visit a website offering Toyota car insurance renewal online, such as policybazaar.com
Go to the menu bar and click on the ‘Renewal’ tab
Select the option of ‘Motor Renewal’ from the drop-down menu
Enter your Toyota car registration number or go ahead with other available options
You may be requested to provide details of your Toyota car, such as registration year, engine CC, etc.
Enter your contact details, such as name, email id, etc.
Provide your previous policy details, including policy expiry, coverage type, claim history, etc.
Toyota insurance rates from various motor insurers will be shown
Select a policy for renewal and pay the premium online
Your Toyota insurance renewal will be done

Toyota Car Insurance Claim Procedure

If you have a Toyota insurance policy, you need to raise a claim in order to get financial aid from your motor insurance company. If you get your car repaired at an approved garage of your insurer, you will be eligible to file a cashless claim with your insurer. If your car is being repaired at a non-approved garage, you will have to file a reimbursement claim. Following is the procedure to file a car insurance claim for your Toyota car:

Contact your motor insurer as soon as a mishap involving your Toyota car occurs
File a police FIR if your car has been stolen or damaged due to a third party
Cooperate with the surveyor sent by your insurer to assess the damages to your car
Send your Toyota car to an approved/ non-approved garage after the survey has been done
Submit all the requested documents to your insurance company
Collect your car from the approved garage once it has been repaired
In case of a non-approved garage, pay the repair bill and then collect your car
Submit the car repair bill and payment receipts to your insurer
Your motor insurer will verify your claim and pay the claim amount

Documents Required by Toyota Car Insurance Claims

The following documents need to be submitted while raising a Toyota car insurance claim:

Toyota insurance policy document
Car insurance claim form
Toyota car registration certificate
Police FIR copy (for third party and theft claims)
Driving license of the car’s owner-driver
Repair bill of the car
Bill payment receipts

Toyota Car Insurance FAQs

Q: If my Toyota insurance policy is expired, will my car be inspected during renewals?

Ans: Yes. If your previous Toyota car insurance policy has expired, your insurer will inspect your car before renewing your policy.
Q: Is an online Toyota car insurance valid?

Ans: Yes. All Toyota insurance policies purchased online from IRDAI registered insurance companies and broker websites are legally valid.
Q: Do I need to pay any charges to avail cashless repair facility for my Toyota car?

Ans: No. All motor insurance companies offer cashless repair facility free of cost at its approved garages. All you need is your Toyota car insurance policy to avail the facility.
Q: How is Toyota insurance rates calculated?
Ans: The Toyota insurance rates for a car are estimated based on the following factors:
- Age of the Toyota car
- Type of policy coverage chosen
- Toyota car model and its variant
- IDV of the car
- RTO of the Toyota car
- Price of selected add-on covers
- Claim history, etc.
Q: How can I reduce my Toyota car insurance rates?
Ans: You can reduce your Toyota car insurance rates by one of the following ways:
- Build Your No Claim Bonus (NCB) - The NCB can help to reduce your car insurance premium by up to 50% but it can be earned only if you don’t raise a claim in your policy year.
- Opting for a Higher Voluntary Deductible - If you opt for a higher voluntary deductible, you have to pay a portion of the claim amount during claim settlement. If you opt for a higher deductible, your insurer will grant you a discount on your premium.
- Availing other discounts - Besides, insurers also provide discounts if you are a member of the Automobile Association or you have an anti-theft device installed.