Top 5 insurance policies for toyota four-wheelers
Rishi has just bought a brand new Toyota four-wheeler. He loves his new vehicle and wants to do anything and everything to keep it safe. The first advice he got in regards to that was to purchase Toyota car insurance.
This task seemed simple enough to Rishi at first. But things quickly changed when he saw a large number of four-wheeler insurance policies available in the market. Now he is confused. What should he do next?
Importance of Motor Insurance Policy
If you have just bought a new vehicle like Rishi, then you must be feeling the same things that he is. However, you don’t need to worry as we have got you covered. We know that car insurance will protect you, the car owner, from financial losses in case of any unfortunate events involving your car.
There are also different scopes of cover included in Toyota car insurance. Some of these covers include third-party car insurance, standalone own-damage(OD) car insurance, and comprehensive car insurance.
Because of all this, it can be confusing to find the best motor insurance policy online. This is why to make your task easier we have compiled a list of the best Toyota car insurance policies that you will find in the market.
Best Four-Wheeler Insurance Policies
Rishi cannot wait to go through the list of the best four-wheeler insurance policies. So, let’s not keep him waiting any longer.
- Bajaj Allianz Car Insurance
The features that make Bajaj Allianz Car Insurance one of the best policies in India are that it is simple to procure, has a range of benefits and features and comes with the backing of a very responsive customer support department. Bajaj Allianz also has an impressive selection of over 4,000 network garages across the country.
Some features provided with this insurance policy are:
- 75% of the repair costs are covered on account of payment
- Claim settlement cycle is fast, dependable, and completely free of hassles
- Purchasing the policy is very simple and fast
- 50% of No Claim Bonus (NCB) is applicable on transferring from existing to Bajaj Allianz policy
- Towing facility
- Roadside assistance
- Key replacement
- Accident shield
- Instant claim assistance through the 24×7 available customer support
- Bharti AXA Car Insurance Cover
The Bharti AXA car insurance cover comes with two levels of protection, including the basic cover and enhanced cover. The basic cover meets the comprehensive liabilities that might arise due to an accident. The enhanced cover includes features like assistance during breakdowns and other unfortunate accidents on the road.
The details of this motor insurance policy are discussed below.
- Protection against theft, damage by fire, accident, earthquake, flood, and damage due to some other person’s vehicle or property
- Personal accident benefits of INR 2 lakh in case of death or total permanent dismemberment
- Change of tire services
- Emergency fuel
- On-road repairs
- Towing services
- IFFCO Tokio Car Insurance
IFFCO Tokio Motor Insurance policy has been specifically designed to give complete protection and security to your vehicles. The insurance provider has a network of over 4300 garages and workshops in India.
With this motor insurance policy, there are several benefits that one can get, including:
- Cashless settlements provided at over 4,300 network garages in India
- Quick claim settlement
- Roadside assistance
- New vehicle replacement
- Engine protection
- Wide branch network
- Easy documentation
- Free inspection in case of breakage
- Liberty Car Insurance
Liberty Car Insurance was launched in 2013 and since the organization has grown exponentially. It has its operations established in more than 58 cities in India till now and has an employee strength of 1100. On top of all this, the company also holds a network capacity of over 60 offices.
Further, Liberty General has a network of 5000 hospitals and 3000 service centers. The coverage provided under this motor insurance policy is described below.
- Third-party liability is provided which includes losses or damages sustained by an individual due to the insured. This could be in terms of loss of life, property damage, and bodily injury
- Own damage costs are also covered that might occur due to accidents, fire, natural calamities, burglary, war, and intentional damage by another party
- A built-in personal accident cover is provided to the owner-driver at no additional cost. The payout occurs when the insured party suffers from physical disability due to an accident or death
Optional covers are also provided with this four-wheeler insurance to customers, including:
- Electrical or Non-Electrical Accessories: This cover refers to the accessories that were not installed by the manufacturer. The compensation in this cover is based on the invoice value of the parts
- Personal Accident Cover for Other People than the Owner-Driver: This cover protects passengers or other people than the owner-driver of the vehicle. In the case of death or physical disability, payment is made by the insurer
- Legal Liability for Paid Employees: This is a type of extra protection that is offered against losses that arise from the injury or death of a paid driver, cleaner, or any other employee in connection with the insured vehicle
One can opt for these additional covers to enhance the protection provided by motor vehicle insurance.
- National Car Insurance
National Insurance Company (NIC) Limited prides itself on being highly pro-customer and bringing 360-degree protection to all their customers. The benefits and features provided to customers in this car insurance policy are:
- Protection against unintentional loss or damage due to theft or accident
- Coverage against loss of property, death of another party, or injury
- The simplicity of purchasing the policy online
- Coverage provided to vehicles used for social, domestic, and professional purposes. The only exceptions here are vehicles that are used for carrying goods
- Provision for ‘No Claim Bonus’ if no claims have been issued during the policy tenure. More discounts are provided if one opts for higher voluntary excess
- Annual policy tenures are issued. However, one can find exceptions
- Motor insurance policy is very easy to purchase online
- Discounts provided for installing anti-theft equipment
- Concessions provided for custom designed vehicles that have been designed specifically for blind, handicapped, or mentally challenged people
- Additional covers for legal liability to paid driver, loss of accessories, personal accident to the owner, personal accident to the passengers, and legal liability to property damage
Have You Selected Toyota Car Insurance Yet?
Rishi has found this list very helpful in making up his mind. He now knows which policy he wants to buy and how he can buy that policy. But are you as sure as Rishi about which policy you want to buy? Have you made up your mind now?