Toyota commenced its operations in India in December 1999. Toyota Motor Corporation is one of the top automobile manufacturers across the globe. Toyota has 53 automobile manufacturing firms in 28 countries and its products are sold in over 170 regions.
As per the Motor Vehicles Act of India, it is mandatory for all the vehicles plying on the roads to be insured with at least a third-party liability cover. Also, having a car insurance protects you from liabilities that you may incur due to an unfortunate mishap.
A number of insurers provide Toyota insurance in India, a few of them are listed below:
The below table exhibits various models of Toyota along with their starting *prices
|Toyota Models||*Ex-showroom Price (New Delhi)|
|Innova Touring Sport||Rs.17,63,400*|
*Please note that the above prices are exclusively for New Delhi and are subject to change with respect to the city you purchase the vehicle from.
There are two kinds of car insurance available for Toyota:
Comprehensive car insurance, also known as Other Than Collision cover is a car insurance policy that offers extensive insurance coverage over third-party as well as own damage liabilities.
Third-party Liability cover is a car insurance policy that offers limited coverage over third-party liabilities alone.
You can purchase or renew your car insurance online or offline depending on your convenience
You can visit third-party insurance websites or insurer’s official websites to purchase or renew car insurance. The online platforms have a built-in tool called premium calculator that gives you an estimate on your insurance premium.
You can also visit the nearest branch office of the insurer or meet with an insurance agent to purchase or renew car insurance.
The claim process for Toyota car insurance involves the following steps:
Toyota Car Insurance comes with a number of inclusions and exclusions, a few of them are listed below:
There are a number of add-ons available in the market for Toyota Car Insurance, a few of them are listed below:
The insurers offer a number of discounts to Toyota car owners, a few of them are listed below:
Inform the insurer as soon as the mishap takes place and act as per the insurer’s advice.
In case you need to add Hypothecation, you need to submit the concerned bank’s letter or a copy of your endorsed RC to the insurer.
In case you need to delete Hypothecation, submit the NOC or a copy of your endorsed RC to the insurer.
No Claim Bonus is a discount on the insurance premium awarded by the insurer to the insured for every claim-free year.
You can use the NCBs accumulated on the car insurance policy of the company car provided the vehicle is transferred in your name.
You can renew your car insurance policy after its expiry, provided the insurer has inspected your vehicle and given approval. You may be charged additional premium if the policy expired 45 days earlier.