Skoda Car Insurance

Buy car insurance policies for your Skoda car online. Check Skoda car insurance plans, coverage details, and steps to buy online.
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Check Skoda Car Insurance Plans
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3 min
27-April-2024

Skoda, a renowned automotive brand, offers a range of cars known for their reliability and innovative design. Car insurance is essential for protecting your Skoda against unforeseen events such as accidents, theft, and natural disasters. It provides financial security, covering repair costs and legal liabilities, ensuring peace of mind, and safeguarding your investment in your vehicle. Let us know about Skoda car insurance in more detail.

Skoda car models and insurance prices

Skoda offers diverse models, from the compact Fabia to the spacious Superb. Insurance premiums for these vehicles vary based on factors like the car's age, model, safety features, and the driver's history. Thoroughly comparing policies can help you find the best coverage at an optimal price. For an estimated third-party premium cost on your Skoda car insurance, consult the table below.

Skoda Car Variant

Third-Party Premium Rates (FY 23-24)

 

Skoda Kushaq 1.0L

Rs. 2,094*

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Skoda Kushaq 1.5L

Rs. 3,416*

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Skoda Slavia 1.0L

Rs. 2,094*

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Skoda Slavia 1.5L

Rs. 3,416*

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Skoda Kodiaq

Rs. 7,987*

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Skoda Superb

Rs. 7,987*

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Disclaimer: The above information is for Third-party premiums only. The Own Damage premium rates will depend on the specific model, variant, fuel type, place, the year of registration, IDV, add-on covers and various other factors.

Key inclusions of car insurance

Here are some of the key components included in car insurance policies:

  • Accidental coverage: Provides comprehensive protection for your Nissan against damages arising from unexpected accidents, ensuring peace of mind on the road.
  • Theft protection: Extensive coverage against theft, safeguarding your Nissan's value up to the insured declared value specified in the policy.
  • Coverage for natural and man-made calamities: Offers robust protection against a wide range of perils, including natural disasters like storms and earthquakes, as well as human-induced incidents such as riots or vandalism, securing your vehicle in various adverse situations.
  • Personal accident coverage: Offers generous compensation of up to Rs. 15 lakh for the owner-driver in the unfortunate event of accidental death or disability, prioritizing the well-being and financial security of the driver and their family.
  • Third-party liabilities coverage: Ensures comprehensive financial protection against injuries or damages to third parties involved in an accident with your Nissan, promoting responsible driving behavior and community safety.

Key exclusions of car insurance

Here are some of the main exclusions of car insurance policies:

  • Normal wear and tear, as well as vehicle depreciation.
  • Damage stemming from mechanical or electrical breakdowns.
  • Accidents occurring when the driver is under the influence of drugs or alcohol.
  • Operation of the vehicle by an individual lacking a valid driving license.
  • Damages incurred outside the geographical limits specified in the insurance policy.

Car insurance add-ons you can consider

Add-ons are additional coverage options that can be bought along with a comprehensive car insurance policy for your Skoda car. Here are some of the add-ons that you can buy along with your Skoda car insurance policy:

  • Zero depreciation cover: Ensures full reimbursement without factoring in depreciation during claim settlements.
  • Engine protection cover: Provides coverage for repair or replacement of the engine in case of damages due to accidents or water ingression.
  • Roadside assistance: Offers assistance in emergencies such as breakdowns, flat tyres, fuel shortages, or towing services.
  • Return to invoice: Guarantees reimbursement of the invoice value of your car in case of theft or total loss.
  • Personal accident cover: Extends coverage to passengers in the vehicle, providing financial protection in case of accidents resulting in death or disability.
  • No-Claim Bonus protection: Safeguards your accumulated no-claim bonus in case you make a claim, allowing you to retain the discount on your premium.
  • Consumables cover: Covers the cost of consumable items such as engine oil, coolant, nuts, bolts, etc., during repairs.
  • Key replacement cover: Provides coverage for the replacement cost of lost or stolen car keys, including locksmith charges.
  • Daily allowance benefit: Offers a daily allowance for alternate transportation expenses while your car is undergoing repairs.
  • Invoice price cover: Ensures reimbursement of the invoice price of your car in case of total loss or theft, including registration and road tax.

How to buy/renew Skoda car insurance through Bajaj Finance Insurance Mall

Bajaj Finance Insurance Mall offers a convenient platform for you to buy or renew Skoda car insurance plans for your car. Choose from plans offered by leading insurance partners and buy the policy in just a few clicks. Here’s how:

Step 1

Click on 'Get Quote' to open the online application form.

Step 2

Enter the vehicle type, car registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the 'Get Quote' button below.

Step 3

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

Step 4

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 5

Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on 'Proceed'.

Step 6

Enter the vehicle owner's name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as mentioned in RC) and previous policy details.

Step 7

Recheck 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 complete the application process.

Step 8

That’s it. You have successfully secured your Skoda car with a car insurance policy.

Car insurance claim process

Cashless claim process:

The cashless claim process simplifies the repair of your Skoda car without the need for upfront payments at a network garage. Here's a step-by-step guide:

  • Notify your insurance company via phone, website, or mobile app about the accident or incident.
  • Provide all relevant incident details to the authorities and file an FIR if necessary.
  • Take photographs of the damages and any injuries sustained immediately after the incident for evidence.
  • Visit the nearest network garage for cashless repairs or contact your insurer for towing assistance if your vehicle is immobile.
  • At the garage, a surveyor from your insurer will assess the damage, so ensure you have all required documents such as your car registration certificate and driving license.
  • The surveyor will evaluate the claim amount and prepare a report for submission to your insurer.
  • Upon approval, the garage will commence repairs, and your insurer will settle the bills directly once the repairs are completed.

Reimbursement claim process

The reimbursement claim process requires you to initially pay for the repair bills and later seek reimbursement from your insurer. Below is the reimbursement car insurance claim process for your car:

  • Inform your insurance company about the incident and register your claim.
  • Take your car to a workshop or garage of your choice for repairs.
  • A surveyor appointed by your insurer will assess the damages at the garage.
  • The surveyor will prepare and submit a claim report to your insurer.
  • The garage will repair your car and provide you with a bill, which you will need to pay.
  • Submit the original repair bills along with a claim form to your insurance company.
  • Your insurer will review the repair bills and claim form and reimburse your repair costs accordingly.

Documents required in the claims process

Here is the list of documents you may need while filing a claim for your car insurance policy:

  • Copy of the registration certificate (RC) of your vehicle
  • Copy of your driving licence
  • Policy document
  • Description of the incident and photographs of the vehicle (if possible)
  • First Information Report (FIR) in case of theft, injuries to any third party or damage to their property
  • The original keys to the vehicle
  • RTO transfer papers duly signed with Form 28, Form 29 and Form 30
  • No Trace Report from the police in cases of theft of the vehicle
  • The original bills for the repairs of the car to claim the four-wheeler insurance policy

Note: Check with your insurer in case you require more documents depending on the nature of the claim.

Frequently asked questions

What factors affect the Skoda car insurance premium amount?

Several factors affect the insurance premium for your Skoda car. These include car model, age, cubic capacity, fuel type, RTO location, Insured Declared Value (IDV), and claim history.

How can I reduce my Skoda car insurance premium?

To reduce your Nissan insurance premium, consider increasing your deductibles, fitting security devices in your vehicle, maintaining a record of safe driving, and actively comparing insurance quotes to find the most competitive rates.

Will the insurer inspect my Skoda car before renewal?

This depends on insurer policies, claim history, and car age. Some may require inspection, while others offer hassle-free renewals.

What is Škoda Smart insurance?

Škoda Smart Insurance is a specialised car insurance plan designed for Škoda vehicles, offering comprehensive coverage, including repairs at authorised service centers, cashless claims, and roadside assistance. It ensures better protection tailored to the needs of Škoda Slavia owners.

What is EMI cover in car insurance?

EMI Cover in Car Insurance is an add-on feature that covers your car loan's Equated Monthly Installments (EMI) if your vehicle is under repair after an accident or theft. This ensures that you don't face financial stress while your car is being repaired.

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, The New India Assurance Company Limited, Cholamandalam MS 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.

Premium indicated is exclusive of taxes for third party coverage of four-wheeler within 1,000 CC, between 1,000 and 1,500 CC and exceeding 1,500 CC. Premium may vary based on the specification of the vehicle.