Speaking of automobile manufacturers, Maruti is a name known to all. Maruti Suzuki India Ltd, previously known as Maruti Udyog Ltd. was incorporated on February 24th, 1981. The idea was to manufacture cars for middle-class families in India. The company kick-started as a government one, pairing with Suzuki as its minority partner. As time went by, there was a dramatic increase in the company’s product range.
On October 2nd, 1982, Maruti ventured with Suzuki Motor Corporation, Japan. Soon after, the company started manufacturing Maruti 800 in 1983. The car took the markets by a storm. In 1984, Maruti introduced Omni and Maruti Gypsy the next year. There has been a revolution ever-since.
Headquartered in New Delhi, Maruti owns 53% of the passenger car market in India.
Maruti Cars Insurance Price (2018 Premium)
|Model||Variant||IDV||Zero Dep (in INR)||Gross Premium (in INR)|
|Maruti Grand Vitara||AT||1360000||6325||32820|
|Maruti Wagon R Stingray||LXI||312461||1488||6968|
|Maruti Swift Dzire||Regal||441667||2429||11457|
|Maruti Zen Estilo||LX BSIII||267810||1473||6555|
|Maruti Swift Dzire 2014-2017||LDI||560493||3083||14386|
|Maruti Swift||Star LXI||351801||1935||8416|
|Maruti Swift Dzire Tour||LXI||448560||2467||10882|
|Maruti Ignis||1.3 Sigma||480000||1920||12725|
|Maruti Vitara Brezza||VDi||623207||3428||15570|
|Maruti Grand Vitara 2009-2015||2.4 AT||1968423||9155||43519|
|Maruti 800||AC BSIII||164065||902||4962|
|Maruti Alto 800||VXI||241164||1326||6145|
|Maruti Ciaz||1.3 Sigma||631200||2840||16662|
|Maruti SX4||Vxi BSIV||617983||0||17779|
|Maruti Baleno||1.2 CVT Alpha||617710||2780||12824|
|Maruti Ertiga 2018||601358||3909||17732|
|Maruti Alto 800 2016-2019||LXI||234030||1287||6036|
|Maruti Gypsy||MG410W HT||483200||1933||12569|
|Maruti Ertiga||VXI CNG Limited Edition||583200||2333||12339|
|Maruti Versa||DX1 8-SEATER BSIII SINGLE A/C||350730||1929||9337|
|Maruti Celerio 2014-2017||LXI||304763||1676||7121|
|Maruti Alto K10||Knightracer||249406||1372||6273|
|Maruti Baleno RS||1.0 Petrol||625680||2816||11309|
|Maruti Swift 2018||LXI||328616||1807||9497|
|Maruti Zen||LX - BS III||249420||1372||6273|
|Maruti Baleno 2019||412000||1854||10529|
|Maruti Alto||VX 1.1||226250||1244||5455|
|Maruti Ciaz 2020||Petrol||710560||3198||18191|
|Maruti Eeco||5 Seater AC||289694||1883||10512|
|Maruti Celerio X||VXI||342720||1885||7704|
|Maruti Wagon R||LX BSIII||246060||1353||7685|
|Maruti Ciaz 2014-2017||AT ZXi Plus||776160||3856||15568|
|Maruti Celerio||LXI MT||304763||1676||7121|
|Maruti Ciaz S||1.3||765474||3445||19248|
|Maruti Grand Vitara 2003-2007||XL-7 Ltd||1814451||8439||40459|
|Maruti Omni||5 Str STD||189982||1235||7267|
Which car do you drive?
Add-ons For Your Maruti Car Insurance
A car's value depreciates constantly with time. Thus, at the time of a claim settlement, the depreciated value of a car is deducted from the claim amount. However, by opting for a zero depreciation add-on you can shift the liability of the depreciation cost to the insurer and get the entire claim amount without any deduction of the depreciation sum. This add-on is generally available till the age of 5 years of car, however, the car age limit varies from insurer to insurer.
A No Claim Bonus (NCB) is a discount given by the insurer in the premium amount to a car insurance policy holder for not making a claim in the entire tenure of the motor insurance policy. This discount is not available if the policy holder has made even a single claim. However, with the NCB cover, a policyholder will be entitled to receive an NCB discount despite having made a claim subject terms and conditions of insurance company. The NCB discount keeps on increasing with every claim-free year until it reaches 50%.
A car's engine is by default not covered under either a comprehensive or a standalone own-damage car insurance policy. And therefore, if it gets damaged due water-logging or oil leakage, your insurance company is not liable to pay for its damages. But, if you opt for the add-on known as Engine Cover, you can get your car's engine insured by the insurer for damages incurred due to water ingression as well as leakage of lubricants. Engine Cover is one of the most popular car insurance add-ons and is available against the payment of a nominal premium.
If you have a return to invoice cover added on to your comprehensive car insurance policy, you can claim the total ex-showroom price of your car, taxes and registration charges, in case of total loss. In case of total constructive loss (more than 70% of damage) or theft of your car, an insurance company pays the Insured Declared Value (IDV) of your car as compensation. However, this IDV is lesser than the actual amount paid by you at the time of purchasing your car. When you opt for the add-on called Return To Invoice Cover with your car insurance policy, the insurance company pays the total ex-showroom price of your car plus the taxes and registration charges incurred at the time of purchase, as the claim amount in case of total loss.
Maruti Car Insurance User Reviews
InsuranceDekho has a good team of knowledgeable customer care experts who understand your requirements well and suggest you the most suitable product. I bought an SBI car insurance policy from them for my Maruti Suzuki Eeco car and I am satisfied.
The team at InsuranceDekho is so helpful that they helped me in everything including shortlisting the best policy, understanding it and in the buying process too. I bought a Shriram car insurance policy for my Maruti Suzuki Dzire car and I am happy.
InsuranceDekho helped me in making a claim last month under my National car insurance policy that I purchased for my Maruti Suzuki Ciaz car. I am really thankful to the staff.
The customer care executives at InsuranceDekho are friendly and polite. When I purchased ICICI Lombard car insurance policy for my Maruti Suzuki Alto car, the executives answered all my queries patiently.
I bought a new Maruti Suzuki Swift car last month and was looking for a reliable car insurance policy. I bought HDFC ERGO’s policy from InsuranceDekho and found their buying process very simple.
InsuranceDekho executives are very cooperative and helped me to purchase HDFC Ergo car insurance policy for my Maruti Suzuki Dzire car. This process took just a few minutes.
I am really happy with the services offered to me by the customer care executives at InsuranceDekho. I contacted them to purchase a New India car insurance policy for my Maruti Suzuki Baleno car and I liked the suggestion.
I purchased a DHFL car insurance policy recently for my Maruti Suzuki Baleno car online from InsuranceDekho. The process was smooth and I got a beneficial policy on the recommendation of their team.
I was purchasing a car insurance policy online for the first time and hence contacted the team at InsuranceDekho for help. They assisted me well and helped me buy Oriental policy for my Maruti Suzuki Ciaz car.
InsuranceDekho’s services are really satisfactory. I bought a Raheja QBE policy from them last week for my Maruti Suzuki Alto car and was able to navigate the website and shortlist the best car insurance plan for my car. The process was really smooth.
How long does it take to renew a Maruti car insurance?
You can get your Maruti car insurance renewed in just 5 minutes with InsuranceDekho.
Which all insurance add-ons should be bought with Maruti cars
The popular insurance add-ons opted with Maruti cars include zero depreciation add-on, engine cover, NCB (No Claim Bonus) cover and RSA (Road Side Assistance) cover among others.
From where can I purchase insurance for my Maruti car
You can visit our website insurancedekho.com, compare all available premium quotes for Maruti cars and select the one which best suits your requirements. With InsuranceDekho, get policy issued instantly.
Which insurer has the best claim settlement ratio for Maruti cars?
Acko General Insurance, Bharti AXA General Insurance and ICICI Lombard General Insurance are among the car insurers who have registered impressive claim settlement ratio for Maruti cars.
Should you insure your Maruti Suzuki car?
As per law, it is mandatory to have a third party insurance for your vehicle. However, one should opt for a comprehensive policy as it covers damages to your vehicle as well.
I wish to buy a Maruti car sometime soon. How long is the waiting period in India?
The waiting period depends on the demand and supply. In few cases, waiting period may be long although the company strives to meet your demands and handover you the vehicle at the earliest.
How is IDV calculated on my Maruti car?
IDV is an abbreviation for Insured Declared Value. Calculation of IDV is based on the listed selling price of the vehicle minus depreciation. For a new vehicle, IDV is calculated as 95% of ex-showroom price.
How can I save on my Maruti car insurance premiums?
Wondering how to get a reasonable price on your Maruti car insurance? Well, here are few tips to help you save more:
- Compare all insurance plans online
- Check the IDV of your vehicle.
- Opting for voluntary deductibles is a great way to avail discounts on premium. However, the selected deductible amount must be paid at the time of claim.
- Choose add-ons as per your requirement; for e.g. paid driver cover is not required if you are driving the vehicle.
Can I avail a No Claim Bonus on my Maruti car?
Yes, you can! The insurance company offers No Claim Bonus to all those policyholders who havn't made any claim in past policy period.