SUV Car Insurance

Car insurance for SUVs insures you against financial liability, medical expenses and legal consequences. Also, SUV insurance (Third-party Liability Plan) is mandated as per The Motor Vehicles Act, 1988.

Suppose you don’t have Third-party Insurance for your SUV. In that case, you are risking financial and legal liability in case of an accident, which could potentially cost you hundreds of thousands of rupees. You would end up spending from your pocket for repairs and legal costs.

Apart from the mandatory Third-party Insurance for your vehicle, it is only when you insure your SUV with Comprehensive Insurance is your vehicle covered against damages, or different perils, like natural or man-made calamities, theft, or fire.

If you don’t have car insurance for your SUV, you could potentially be breaking the law. Driving without insurance could result in penalties and/or imprisonment. The purpose of having car insurance for your SUV is so you can reimburse others for damage you cause, or you are financially protected against expenses from a car accident.

Insuring your SUV is crucial even beyond accidents and third-party liabilities. If your SUV is stolen, you can raise a claim with your insurer, in this case, ACKO, and we would pay the insured value based on the terms and conditions of your insurance policy.

SUVs are impressive four-wheelers. It has a strong stance and road presence. It is prudent to take necessary precautions to safeguard your vehicle. Apart from driving safe, purchasing comprehensive insurance coverage for your SUV is an important step. It helps mitigate financial losses in case of accidental damages to your vehicle.

Apart from insuring your vehicle with the mandatory Third-party Liability Policy, you need to cover it with the Own Damage cover (OD). Along with the basic insurance coverage, you should consider including valuable add-ons to insure your SUV for broader coverage.

Types of Car Insurance Online

Digitization of the Indian insurance industry has made it possible to insure your car in an extremely convenient manner. Therefore, insuring your SUV online is a beneficial option, purely in terms of convenience. There are two types of policies: Third-party car insurance online and Comprehensive policy online.

A Comprehensive plan is better than the basic Third-party car insurance online option as it includes the mandatory aspect of the Third-party policy as well as insures the SUV against accidents, calamities, and theft, etc. Moreover, you also have the option of purchasing riders/Add-ons along with a Comprehensive plan. These Add-ons cannot be purchased individually or along with a Third-party Liability policy.

Pick the right Add-ons

Add-ons are additional covers designed to provide an extra layer of insurance for your vehicle. They do increase your car insurance premium but offer enhanced coverage. It is crucial to choose only those Add-ons that meet your requirements. Therefore, one must analyze own requirements and purchase only those add-ons that add value to your policy.

SUVs are designed for long, rough, road trips; and you might be taking your SUV for a spin regularly on such road trips. In such cases, a Roadside Assistance Add-on is of great importance. If your car breaks down in the middle of a trip, all you need to do is call up your insurer and they will take care of your car by either sending a mechanic or towing your car to a nearby garage. Apart from this, other popular Add-ons are: Zero Depreciation, Return to Invoice, Passenger Cover, etc.

Compare Various Car Insurance Options

Car insurance comparison is an integral part of the research process when it comes to finding the right car insurance company and the policy. Car insurance comparison helps you to find a low-priced car insurance policy, without compromising on the coverage.

Compare car insurance based on the following points

Coverage provided by the policy; Premium charged by the insurer; Claim settlement aspect of the insurer; Overall service of the insurer

If you were associated with an insurance provider earlier, you can compare car insurance based on your previous experience by looking at new-age insurers and their offerings. Digital-first insurance companies might provide exclusive offers from time-to-time on their website.

Renew on Time

Purchasing a car insurance for SUV is not a one-time process. It needs to be renewed to keep it active. Remember, an expired car insurance policy is an invalid policy. Driving your SUV with an invalid car insurance policy is not at all fruitful. You can be penalized for doing so as it is as bad as driving without car insurance. Thus, it is better to renew your car insurance policy in advance. Renewing it a week before the expiry date is a good idea. This way, last-minutes hassles associated with renewing car insurance can be avoided.

SUVs have become a preferred choice for drivers in India. It offers that extra elbow room you always wanted in your car apart from features such as higher ground clearance, bigger wheels, etc., that are crucial for Indian roads. However, the insurance cost for a vehicle, be it an SUV or sedan, is based on some primary and common factors between the two types of four-wheelers.

It is vital that you should weigh in the SUV vs sedan insurance debate. The price of the vehicle is the main factor, while the engine capacity, location, year of manufacture, and variant are other factors that influence the insurance cost.