Car Insurance For Maruti Celerio

• Get third party cover at low premiums
• Choose from a variety of zero depreciation and roadside assistance covers
• 3100+ cashless garages

The all-new Celerio, manufactured by Maruti Suzuki, has a stylish and contemporary look. With a seating capacity for five people, the car is available in many colours such as black, silver, and chrome. The hatchback boasts of a K-Next engine that works on a drive-by-wire technology which produces high power and excellent fuel efficiency. Driving the Celerio is effortless, thanks to the auto-gear shift technology. It has impressive features such as the multi-info display, integrated audio with bluetooth facility, and steering-mounted audio control.

If you’re planning to buy a Maruti Celerio, you will also need to buy a car insurance plan with it. A car insurance policy is basically an insurance policy that protects the car owner from certain expenditures incurred with respect to the car.

Car insurance options for Maruti Celerio

Any individual looking for a car insurance plan will find plenty of options in the Indian insurance market. Each of the companies offers third-party liability insurance and comprehensive insurance.

• Third-party liability insurance: The insurance company will offer protection for any expenses incurred by the policyholder on damages or injuries caused to third parties. This is the simpler plan of the two car insurance plan types and is hence much cheaper.
• Comprehensive insurance: A comprehensive insurance policy will cover more than just third-party related expenses. It covers damages caused to the policyholder’s car and also provides a compensation in case the car is stolen.

Add-ons for car insurance plans

Individuals who buy a new car such as the Maruti Celerio are provided optional covers called add-ons along with the base insurance policy. The add-ons provide extra coverage and each of the covers has specific features. The add-ons can be availed at an additional premium cost. Given below are the details of a few of the add-ons offered with car insurance policies:

• Zero depreciation cover: The base policy does not cover expenses incurred on replacing or repairing car parts made of plastic, glass, or rubber. This add-on, however, provides coverage for repair and replacements of such parts of the car.
• Engine and gearbox protection: The engine or gearbox may get damaged due to water ingression during monsoon, or leakage of the lubricating oil. Repairs for such damages will be covered under the add-on.
• Invoice cover: This add-on will help the car owner retrieve the maximum on-road price or Insured Declared Value in case the car is stolen or is destroyed completely due to an accident.
• No-claim bonus protection: Policyholders will be given a no-claim bonus in the form of a reduction in the premium amount if he/she makes no claim in a year. This add-on ensures the policyholder does not lose out on the no-claim benefit even after making a claim.

How to choose the right car insurance policy for Maruti Celerio

Since there are many car insurance options available, you may be confused as to which policy you should choose. Here are a few tips that will help you buy the best car insurance policy for your Maruti Celerio:

• Choose insurance coverage: Understand your insurance need and choose a plan based on the features you want under your car insurance policy. Only choose what you require and not any additional unnecessary covers that will not be useful and will only add to the costs.
• Check for the cashless settlement option: Certain insurance companies allow policyholders settle claims through the cashless option wherein the insurance company will directly pay the network garage after the repairs for the car is done. Check if the insurer you choose offers this facility.
• Calculate the premium payable: Check the quotes for a few insurance plans and zero in on the policy that fits your budget. You would not want your car insurance premium to burn a hole in your pocket so make sure you choose an economic policy.
• Check the records of the insurance company: Read up about the insurance company and the quality of customer service provided by them to understand the credibility of the company. It is better to buy a plan from a company that settles claims quickly and smoothly. Read reviews about the insurance company to understand the functioning and financial stability of the insurer.
• Compare policies online: Once you narrow down on a few car insurance plans, compare the plans online to analyse which is the best car insurance policy for your car.

Earlier, insurance companies offered one-year policies to prospective policyholders. However, with the recent regulation passed by the Insurance Regulatory and Development Authority of India (IRDAI), insurance companies will offer three-year policies for new car owners. So, all individuals who buy a car post 1 September 2018 will be required to buy a multi-year car insurance policy.