Buying a new car insurance plan for your brand new car is a very crucial decision. A comprehensive plan will provide complete coverage and protection against all types of accidents, fire, theft, manmade/natural disasters along with third party legal liability.
In case you meet with an accident that leads to injury to a third person or property, a third party liability car insurance plan will come to your rescue. The individual involved in an accident with you is called a third person. In addition, a third party liability car plan is mandatory by law (Indian Motor Vehicles Act, 1988) for all vehicle owners.
Disclaimer - Above mentioned prices are for a 2 years old Maruti Wagon R, 1.2 VXI AMT OPT (1197 CC) registered in Mumbai & previous policy has expired.
When buying a new vehicle, you want to protect it from the unexpected. Insurance for a new car provides coverage against accidents, theft, natural calamities, and third-party liabilities, ensuring that you are financially protected if an incident occurs. Here’s why new car insurance is essential:
Accidents: Covers damages caused by road accidents.
Theft: Ensures financial compensation if your vehicle is stolen.
Fire Damage: Provides coverage for damages caused by fire or explosions.
Natural Disasters: Protects against calamities like floods, earthquakes, and cyclones.
Man-Made Risks: Covers damages from vandalism, riots, or other malicious acts.
Third-Party Liability: Mandatory under the Indian Motor Vehicles Act, 1988, this protects you against legal liabilities arising from injuries or damages to third parties.
Coverfox provides a variety of new car insurance plans, allowing you to find the perfect coverage for your needs:
This policy provides extensive coverage, including damages to your own vehicle and third-party liability, making it an ideal choice for new cars. Comprehensive new car insurance cost can vary depending on your car’s model, location, and selected add-ons.
Covering only third-party liability, this option is more affordable but does not cover damages to your own vehicle. Third-party new car insurance price is regulated, making it an economical choice.
To further enhance your policy, you can add options like zero depreciation, engine protection, and roadside assistance for a fully customized car insurance policy.
Top Car Models Insurance Price base on their variants are as follows:
| Car Models(2019 Registration) | Model Variant | Insured Declared Value | Zero Depreciation Cover | Car Insurance Price | More Plans |
|---|---|---|---|---|---|
| Maruti Baleno | VXi CNG (1197 CC) | 3,78,700 | 3,525 | 11,455 | |
| Ford Ecosport | 1.5 | 3,84,615 | 3,788 | 6,156 | |
| Tata Tiago | XT | 3,39,039 | 1,695 | 4,617 | |
| Hyundai Creta | CRDI EX | 7,69,492 | 5,002 | 12,580 | |
| Honda Amaze | 1.5 E MT | 4,83,000 | 3,140 | 7,897 | |
| Jeep Compass | 2.0 Limited Plus 4X4 | 13,51,769 | 12,029 | 10,021 | |
| Toyota Innova | Crysta 2.4 V | 10,42,819 | 6,778 | 10,896 | |
| Renault Kwid | AMT RXL | 2,50,109 | 2,346 | 3,812 | |
| Mahindra Marazzo | M2 7Str | 5,79,837 | 3,769 | 10,033 | |
| Datsun redi-GO | NXT | 2,36,565 | 2,219 | 3,606 |
Disclaimer: The above car insurance premium rates may change as per the different car model, variant, fuel type, place of registration, year of registration, policy type, IDV and Add-on covers chosen.
Understanding the new car insurance price for your vehicle is easy with our new car insurance calculator. By entering a few basic details, such as your car’s make, model, year, and desired coverage, you’ll get an accurate new car insurance quote instantly.
Enter Vehicle Information: Provide details like make, model, year, and variant.
Select Coverage Options: Choose between comprehensive or third-party coverage and add any additional features you want.
Calculate Your Premium: Instantly receive a new car insurance price calculator estimate, making it easy to plan your budget.
Using our new car insurance calculator India helps you compare and find the best rates, ensuring you get the coverage you need at a price you can afford.
The new car insurance rates for your vehicle depend on various factors. Here’s what affects your premium:
Car Make and Model: High-end and luxury models typically have higher premiums.
Location: Urban areas may have higher rates due to increased risk of accidents and theft.
Add-Ons: Choosing add-ons like zero depreciation or engine protection can raise the premium but add valuable coverage.
Policy Term: Long-term plans might offer discounts compared to annual renewals.
Coverfox makes it easy to buy new car insurance online, giving you access to quick quotes, comparisons, and hassle-free policy management. Here’s why customers choose Coverfox:
Instant Comparison: Our platform allows you to compare the best new car insurance policies side-by-side, helping you choose the right coverage.
Affordable Premiums: Get the cheapest new car insurance options with our new car insurance price calculator by selecting essential add-ons and custom coverage.
Secure Online Purchase: Complete the purchase from the comfort of your home with secure payment options and instant policy issuance.
24/7 Customer Support: From choosing the right policy to making claims, our team is here to support you every step of the way.
Purchasing insurance for a new car with Coverfox is simple and fast. Follow these steps:
Enter Car Details: Start by entering your new car’s make, model, year, and location.
Choose Coverage Type: Decide between comprehensive and third-party coverage and select any additional riders you may want.
Compare Policies: View new car insurance online quotes and compare options from top insurers.
Select Your Plan and Make Payment: Choose the plan that fits your needs, make the payment securely, and receive your new car insurance policy instantly.
With Coverfox, you can buy insurance for a new car in just a few clicks, ensuring you’re protected as soon as you’re ready to hit the road.
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Renewing your policy is easy with Coverfox’s new India car insurance renewal process. Ensure continuous protection by renewing your policy before it expires to avoid any gaps in coverage.
Log In to Coverfox: Access your account and enter renewal details.
Select Renewal Period: Choose a one-year or multi-year renewal for continued coverage.
Make Payment and Renew: Complete the renewal with a secure online payment, and your renewed new insurance policy for car will be issued instantly.
Finding an insurance quote for new car is effortless with Coverfox. Our quote tool provides real-time quotes from leading insurers, giving you access to the most competitive new car insurance rates in the market. Enter a few details about your vehicle, and receive your new car insurance quote instantly, allowing you to make a well-informed decision.
New car insurance is a policy that provides coverage against damages to a newly purchased car, as well as third-party liability.
Premiums depend on factors like car make, model, location, add-ons, and selected coverage. Use our new car insurance calculator for accurate estimates.
Third-party insurance only covers liabilities for damages to others, while comprehensive insurance includes protection for your own vehicle.
Yes, Coverfox provides a fast and secure new car insurance online purchase process, allowing you to buy coverage in minutes.
Use our new car insurance quote tool to get instant quotes based on your car details and coverage needs.
You can add covers like zero depreciation, engine protection, roadside assistance, and more for extra protection.
With Coverfox’s new India car insurance renewal service, simply log in, select your renewal term, and make a payment online.
Yes, all cars in India must have at least third-party insurance to be legally compliant.
Compare options using our calculator and select essential add-ons to keep premiums affordable.
Yes, our platform includes a car insurance EMI calculator to help you break down your premium into manageable payments.
