Toyota Car Insurance

About Toyota

Toyota Motor Corporation is a Japanese automobile manufacturing company with its headquarters in Aichi, Japan. Toyota was founded by Kiichiro Toyoda and has since gone on to become a multinational manufacturer of cars, ranked worldwide both for its range of models and quality of products. In India, Toyota first arrived in 1997 as part of a joint venture with the Kirloskar Group. The joint venture was named Toyota Kirloskar Motor Private Limited. Their Indian headquarters is in Bangalore, Karnataka. Toyota now ranks as one of the top six automobile manufacturers in India.

Toyota Car Insurance

If you purchase a Toyota car or already have one make sure to purchase car insurance for it. With a car insurance policy, you will have a layer of protection that will protect both the car and the owner-driver. In case of a mishap, the car insurance provider will compensate for the damages thereby protecting the car and giving the policyholder financial stability in a moment of crisis.

Keeping our cars safe is of utmost importance. They are both expensive and extremely crucial for our everyday lives. With an own-damage cover, your Toyota car will be compensated for in case of a road accident, vandalism, theft or even a natural or man-made calamity. Moreover, keep in mind the third party insurance is compulsory for every car driving on Indian roads including your Toyota car. If caught without it you can be fined Rs. 2,000 and or be imprisoned for up to 3 months. The insurance cover takes care of third party liabilities including bodily injuries, death and property damage.

Your Toyota Car Insurance premium amount will be largely decided by the Insured Declared Value of the car. This is calculated by deducting the depreciation rate along with the exclusions from the manufacturer’s selling price. The IDV is the maximum compensation the insurance provider will pay the policyholder in case of a mishap. The depreciation rate of a car is decided by the age of the car. Hence, the older the car, the lower the IDV and lower the insurance’s premium amount.

To further strengthen your car insurance policy make sure to purchase add-on covers. These are elective covers that come in handy. Their optional nature makes them perfect for moulding the Toyota car insurance to fit your needs. Here are a few add-ons that can be a good addition to your Toyota Car Insurance:

• Zero Depreciation Cover: This cover negates the depreciation rate of the car making the claim amount much higher at the time claim settlement. It is only available for cars less than 5 years old and can be used a limited number of times in a year.
• Loss of Personal Belongings Add-on: With this add-on, the insurance provider will compensate for any personal belongings that were in the car during a mishap.
• Daily Allowance Cover: This add-on gives you a daily allowance for every day that your car is in the garage for repairs.

Car Insurance Renewal Process for Toyota Cars

Toyota car insurance renewal is a quick, easy & hassle-free process when it is done online. When it comes to the car insurance renewal process, every policyholder needs to do it before the date of expiry to continue to avail its offerings with no break. On this note, the Toyota car owners must get their policies renewed on time to keep their cars insured as well as secured. Here are the steps to renew your Toyota car insurance plan online:

Step 1: Visit the website of the InsuranceDekho and click on the ‘Car’ segment.

Step 2: Enter your Toyota car’s Registration Number and click the ‘Proceed’ link. Then, select the variant and fuel type of your car. If you do not have the Registration Number of your car, in such a case, you can alternatively click on the ‘Don't know your car number?’ option and choose the brand, model, fuel type, variant, registration year and city, and RTO of your car to proceed.

Step 3: Enter the name of your insurance company and expiry date of your previous car insurance policy. Also, you have to share the status of your car insurance claim to tell if you have raised any claim in the previous policy year or not and click on ‘Continue’ to proceed further.

Step 4: Fill up your personal details that comprise your name, mobile number and for what duration you wish to get your car insured under a car insurance plan and click on ‘Submit and Get Quotes’ tab.

Step 5: Different car insurance policy premium quotes offered by insurance firms will appear. Compare and choose a car insurance policy quote that suits you in the best manner as per your needs and budget. At this step, you can also opt for a few add-on covers to enhance the coverage of your plan.

Step 6: Click on the ‘Buy Now’ link and confirm details filled up by you to initiate the payment process for your car insurance policy renewal. Payment can be completed with different gateways such as debit card, credit card, digital wallets and net banking options. the car insurance policy document shall be issued instantly after the payment and sent to you at your registered Email ID.

Car Insurance Cashless Garage Network for Toyota Cars

(*Claim Settlement Ratio For FY 2018-2019 As Per IBAI’s General Insurance Claim Insights Handbook For Policyholders - 4th Edition)

Claim Cashless Car Insurance For Toyota Cars

Cashless car insurance claim process is highly beneficial and convenient for policyholders. To avail this facility, you must intimate your car insurance company about the accident or mishap faced by you and take your Toyota car for repair to a network garage of your insurer. This cashless car insurance facility is designed to help you in getting your Toyota car repaired after a collision without making any payment and your insurance company will pay it off on your behalf.

The cashless car insurance claim method is equipped with a host of benefits where the most prominent is that you will not have to pay for any repair cost after the mishap. You can avail this offering without submitting a lot of documents and facing tedious formalities as in the case of the reimbursement process. Also, under the cashless car insurance claim process, the insurer sends a surveyor to examine the damage extent which brings transparency and promptness to the process. The insurance companies hold the best garages in their network that makes you get your Toyota car repaired from one of the best repair service centres.

Renew Expired Policy for Toyota Cars

To hold a car insurance policy is a compulsion for all the car owners as per the Indian Motor Tariff. Hence, driving a car without an active and valid car insurance plan is illegal due to which you can fall into financial trouble if get involved in an accident or a mishap as your insurer can deny compensating your damages caused. If your car insurance policy has expired, you should get in touch with your insurance agent and try to renew it within the grace period of 90 days offered by the insurance companies to save yourself from losing coverage as well as benefits like no claim bonus.

It is quite easy to renew your expired car insurance policy online. You just have to visit your insurer’s website and enter your policy number and basic car details. However, you can also renew your plan from another insurer by stating your previous policy details. During the renewal process, you can also transfer your NCB from old insurer to new insurer. Some insurers offer self-inspection facilities to renew your policy instantly in an easy way. Till your expired policy is not renewed, you should avoid driving your car as it is illegal to drive without an active insurance plan, try to keep documents handy to present before the insurer and schedule the survey or inspection of your car.