Get Volvo Car Insurance Cost In India
As a manufacturer of high-class luxury cars sedans and SUVs, Volvo cars are pretty heavily priced. Evidently, insurance for such cars will be expensive enough to make a dent in your pocket. Hence, a wise choice of policy for your Volvo car is very important to save on the premiums.
PolicyBachat offers you a very simple calculator, the Volvo Car Insurance Calculator, where you can calculate the IDV, deductibles, and premiums of all the available policies provided by some of the top insurers in India. These quotes can be compared before you purchase the policy so that you can decide which one covers all your requirements but charges you less.
Volvo Car Models
The list of VOLVO car variants for new or used cars are:
Volvo S 60 2.0 KINETIC D4:
The efficient engine in this car comes with a 6-speed transmission gearbox which improves the power of this sedan model. This variant is a combination of striking looks with better safety aspects.
Bajaj Allianz provides insurance for this Volvo model and offers some premium plans like the standard, flexible and best value. Some of the sample premiums for the car are shown below.
Volvo S 80 D 5 Sample Premiums:
This car possesses a rigid body and stylish finishing. In terms of safety, the car provides a remote control alarm, whiplash protection system, warning triangle, traction control, and dual-stage airbags.
Standard, Zero Depreciation, Best Value, Emergency Assistance, Minimum IDV, Maximum IDV, Flexible are the premium plans provided by HDFC-ERGO, Bajaj Allianz, IFFCO-TOKIO, and Bharti AXA for insurance on this car. A gist of sample premiums is given below.
How to get the lowest premium for a Volvo car
PolicyBachat provides you the best competing insurance plan for your Volvo car. We compare the quotes from the top 20 insurance companies, you can take the right policy which provides the best deals. Premium is considered according to the variables included in it if you avail more add on covers your insurance premium will increase. Due to the increase in slab rate for the insurance category Volvo car insurance cost in India is higher at 18%.
Types of Car insurance Policies
1. Third Party Car insurance:
Third-party car insurance or “Liability only” car insurance or “Act only” car insurance is the compulsory car insurance in India as per the Motor Vehicle Insurance Act. Any party other than the motor insurance company and the customer of the car is referred to as a third party property, hence the name third party car insurance.
The death, disability, electrical breakdown, and damage to goods or property of the third party are covered under the TP policy of the car insurance. The claim amount in case of Third party claim bonus would be decided by the honorable courts and direct the insurance companies to settle the claim settlement amount to the third parties on behalf of the car owner. This is the basic type of car insurance policy available in India and is compulsory to be taken for any car to ply in public places.
Third-party car insurance premium rates are decided
by IRDA and are subject to change each year depending on the previous year's premium collected, claims settled, and many other factors. The Mercedes-Benz
insurance claim covered in third-party liability is death and disability,
property damage, and personal accident cover for car owner/driver under your
car insurance plan.
2. Comprehensive Insurance:
The other type of car insurance policy in India is the “Comprehensive Car Insurance” which includes the Own damage section as well as the Third party section. The Own damage section covers any loss or repairs to the car owned by the incurred due to an insured peril.
The premium to be paid by the customer under the own damage section is decided by the insurance company, unlike the third party insurance premium which is decided by the IRDA. The own-damage premium rates are given by the IRDA and the insurance companies can decide the premium within those rates.
Insurance companies take utmost care while deciding the premium rates for own damage type of car insurance such that too high price may result in failure of the product and too less price might impact the profits of the insurance company.
How to buy a Volvo car insurance Policy?
Before buying the policy firstly, a policyholder should compare the car insurance quotes from top companies to conclude the best Volvo group car insurance online authentic and solely based on the information provided by the insurance company. PolicyBachat.com is the right destination to compare the numerous insurance quotes in one place.
Volvo car insurance price is cheap if taken from the portal due to the good discounts offered by the insurance companies for policies booked online through our PolicyBachat registered office. Buy/Renew process car insurance policy for your Volvo cooper car online and save big!
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Visit PolicyBachat and get the best car insurance quotes from the top insurance companies and you can also check the risk factors terms conditions and please read the sales brochure carefully before concluding a sale. Need Help? call Policy Bachat at 1800-123-4006 or 1800-123-4003 and our insurance specialist will be there to assist you.