Maruti Suzuki Alto Insurance

Know the features and benefits of car insurance for the Maruti Suzuki Alto. Check the premiums and coverages offered.
Get Quote
Maruti Suzuki Alto Insurance
Get Quote
3 mins
20 October 2023

Owning a Maruti Suzuki Alto is a matter of pride for countless car enthusiasts across India. The Alto has carved a special place in the hearts of car owners with its affordability, fuel efficiency, and compact design. However, to truly enjoy your ride and ensure the safety of your investment, having the right car insurance is paramount. In this comprehensive guide, we will explore everything you need to know about Maruti Suzuki Alto insurance. Starting from the pricing and variants to calculating insurance premiums, policy features, benefits, inclusions, exclusions, and the process of making a claim, know it all.

Maruti Suzuki Alto car insurance price

Let us begin with one of the most critical aspects – the price of insuring your Maruti Suzuki Alto. The cost of insurance for your Alto can vary depending on various factors, including your location, driving history, and the specific coverage you choose. As of the latest data available, the average annual premium for a basic insurance policy for your Alto is approximately Rs. 3,000 to Rs. 5,000.

Keep in mind that if you opt for a more comprehensive car insurance package with features like zero depreciation, personal accident cover, and engine protection, the premium may be higher. To get a precise quote, it is advisable to get in touch with an insurance provider or use their online tools to calculate the premium according to your unique requirements.

Check Maruti Alto 800 variants with insurance premium price

The insurance premium for your Maruti Alto can also vary depending on the specific variant you own. Different variants may have distinct insurance prices. Higher-end models might be more expensive to insure due to the increased value of the vehicle. When shopping for insurance, make sure to specify the exact model and variant of your Alto to receive an accurate quote.

Maruti Alto 800 variants

Estimated third-party premium**

Alto 800 STD

Rs. 2,182

Alto 800 STD Opt

Rs. 2,182

Alto 800 LXI

Rs. 2,182

Alto 800 LXI Opt

Rs. 2,182

Alto 800 VXI

Rs. 2,182

Alto 800 VXI Plus

Rs. 2,182

Alto 800 LXI S-CNG

Rs. 2,182

Alto 800 LXI Opt S-CNG

Rs. 2,182


Note: The insurance price depends on the vehicle’s engine CC, IDV, and ex-showroom price (if new car). Therefore, the insurance price may vary depending on several factors.

How to calculate the insurance price for a Maruti Suzuki Alto?

Calculating the insurance price for your Maruti Suzuki car insurance involves several variables. Here's a general overview of the factors that influence the cost of your insurance:

Insured Declared Value (IDV):

The IDV is the current market value of your Alto, and it is one of the primary factors affecting your insurance premium. A higher IDV results in a higher premium.

Cubic Capacity (CC) of the car:

The engine's cubic capacity also plays a role in determining your premium. Vehicles with larger engines usually have higher premiums.

Geographic location:

The location where you drive your car also affects the premium. If you reside in an area with a high rate of accidents or theft, your premium may be higher.

Age and experience of the driver:

Some insurers also consider the age and driving experience of the driver. Younger and less experienced drivers may face higher premiums.

Coverage type:

The type of coverage you choose whether it is third-party liability or comprehensive insurance, directly impacts the premium.

Add-ons and riders:

Optional coverages and add-ons like zero depreciation, engine protection, and personal accident insurance can increase the premium.

No-Claim Bonus (NCB):

If you have accumulated NCB by not making any claims in previous years, it can lead to a discount on your premium.

To get an accurate premium quote for your Alto, it is recommended to use the online tools provided by insurance companies or consult with their representatives.

Features of Maruti Suzuki Alto insurance

Maruti Suzuki Alto insurance comes with several notable features, making it a preferred choice for many Alto 800 owners. Some of these features include:

Cashless repairs:

Many insurance providers offer a network of authorised garages where you can get cashless repairs for your Alto 800. This makes the claims process hassle-free.

Personal accident cover:

Most policies include a personal accident cover that provides financial protection in case of accidental injuries or fatalities.

Engine protection cover:

You can opt for engine protection as an add-on cover, ensuring that damages to your engine are covered in case of unforeseen incidents.

Zero depreciation cover:

This add-on feature helps you claim the entire cost of repair or replacement without factoring in depreciation.

No-Claim Bonus:

Insurance providers reward policyholders who haven't made any claims during the policy period with a no-claim bonus, which results in a discount on the premium for the next policy term.

Benefits of Maruti Suzuki Alto insurance

Maruti Suzuki Alto insurance offers a range of benefits that can give you peace of mind and protect your finances. Some of the key advantages include:

Financial security:

Car insurance ensures that you are financially protected against unforeseen events such as accidents, theft, or natural disasters.

Legal compliance:

In India, it is mandatory to have at least third-party liability insurance to drive a car legally. Having insurance ensures you comply with the law.

Repairs and replacement:

In the event of an accident or damage to your Alto 800, insurance covers the repair or replacement costs, depending on the type of coverage you have.

Personal accident coverage:

Insurance policies typically include personal accident coverage, providing financial support in the event of accidental injuries or fatalities.

Peace of mind:

Knowing that you are financially protected and that your vehicle is insured provides peace of mind, allowing you to enjoy your drives worry-free.

Inclusions of Maruti Suzuki Alto insurance

Maruti Suzuki Alto insurance usually includes the following aspects:

Third-party liability cover:

As required by law, your policy covers liability for injury or damage caused to a third party due to an accident involving your Alto 800.

Own damage cover:

This includes coverage for damage to your vehicle caused by accidents, theft, or natural calamities.

Personal accident cover:

The policy provides compensation in the event of accidental injuries or death of the owner or driver.

No-Claim Bonus:

A bonus is offered for not making any claims during the policy period, resulting in a discount on the premium for the next term.

Add-ons:

You can enhance your coverage by adding specific riders or add-ons, such as zero depreciation cover, engine protection, and more.

Exclusions of Maruti Suzuki Alto insurance

Here are some of the common exclusions of car insurance policies.

Consequential damage:

This car insurance policy does not cover damages caused by the insured's actions or negligence, such as driving under the influence of alcohol or not maintaining the vehicle properly.

Wear and tear:

The car insurance policy does not cover normal wear and tear of the vehicle, as well as routine maintenance.

Illegal activities:

If the insured vehicle is involved in illegal activities, the insurance may not provide coverage.

War and nuclear risks:

Damage or loss caused by war, nuclear incidents, or acts of terrorism may be excluded from the policy.

How to buy Maruti Suzuki Alto insurance online?

You can buy car insurance online at Bajaj Finance Insurance Mall. Follow the below simple steps.

Step 1: Visit Bajaj Finance Insurance Mall and view the car insurance plans offered by leading motor insurance companies.

Step 2: Click on 'Get Quote’ to open the online application form.

Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 7: Enter the vehicle owner’s name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as per the RC) and previous policy details.

Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, or credit/debit card to buy the policy.

How to claim Maruti Suzuki Alto insurance?

Here is a step-by-step guide on how to claim Maruti Suzuki Alto insurance:

Contact the insurer

Contact the insurance provider as soon as the accident or damage occurs. You can reach them via their customer service helpline, email, or through their website.

Provide essential details

When reporting the incident, provide all the essential information such as your policy number, the date and time of the incident, location, and a brief description of what happened.

Document the incident

It is crucial to document the incident by taking photographs of the damages and gathering all relevant evidence, including police reports, if applicable.

Submit a claim form

Your insurance provider will require you to submit a claim form, which you can typically find on their website or obtain from their local office.

Assessment and inspection

In most cases, the insurance company will send a surveyor to assess the damages to your Alto. The surveyor will determine the extent of the damage and the estimated repair cost.

Approval and repairs

Once the assessment is complete and the claim is approved, you can take your vehicle to an authorised garage for repairs. Many insurance providers offer cashless repair facilities at their network garages. You can also go to your preferred garage and later opt for the reimbursement claim option.

Claim settlement

After the repairs are completed, the insurance company will settle the claim by covering the repair costs as per the policy terms and conditions. If you opt for cashless services; the insurer will pay directly to the network garage or pay you in the case of reimbursement.

Deductibles and excess

The insurer will settle the claims excluding the deductibles or an excess amount that you are supposed to pay, depending on your policy terms. These are pre-decided amounts that the policyholder is required to contribute towards the claim settlement.

In conclusion, Maruti Suzuki Alto insurance is a crucial component of responsible car ownership in India. Whether you opt for a basic third-party liability policy or comprehensive coverage with add-ons, having insurance for your Alto provides financial protection and peace of mind. Understanding the features, benefits, inclusions, exclusions, and the claim process ensures that you make informed decisions to safeguard your beloved vehicle on the roads of India.

Frequently asked questions

Which is the best car insurance for Maruti Suzuki Alto insurance?

There are multiple insurance policies available for Maruti Suzuki Alto and choosing the best one depends on your requirements. The most convenient way to find the best car insurance policy is to look for car insurance online. You can compare and buy car insurance online hassle-free. Visit platforms like Bajaj Finance Insurance Mall that offers various car insurance policies at affordable prices. Choose the one that suits you the best.

What are the documents required to claim Maruti Suzuki Alto insurance?

The documents required to claim Maruti Suzuki Alto insurance are:

  • Claim form duly filled and signed
  • Original copy of the policy document
  • Registration certificate of the vehicle
  • FIR, in case of third-party damage or theft
  • Repair bills, in case of cashless settlement or reimbursement claim
How do I calculate the premium for Maruti Suzuki Alto insurance?

You can calculate the premium for Maruti Suzuki Alto insurance by using an online premium calculator. The car insurance premium depends on the car's make, model, variant, location of registration, the policy period, add-ons, and discounts.

How much coverage should I take for Maruti Suzuki Alto insurance?

The coverage you should take for Maruti Suzuki Alto insurance depends on several factors, such as the car's age, usage, location, and add-ons chosen. Ideally, a comprehensive insurance policy that covers both own damage and third-party liability is recommended for adequate protection and peace of mind. However, it is best to consult with your insurance provider to determine the right coverage and premium for your specific requirements.

Show More Show Less

Related videos

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/ Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/ loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.

T&C Apply. *Premium indicated is exclusive of taxes for third party coverage of two-wheeler up to 75 CC. Premium may vary based on the specification of the vehicle.