Find your suitable insurance plan
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5 min read
Updated on Dec 15, 2022
Gone are the days when having a car was a symbol of luxury. These days, it has become more of a need. Although cab services are easily available now, not only in cities but even in towns, owning a car will still make it much easier for you to commute whenever and wherever you want.
Now when it comes to buying a car, people these days prefer opting for finest crossover cars in India. A crossover car is a combination of two different types of vehicles; such as a hatchback and an SUV; thus, you can enjoy the best features of both types of cars. Also, if you have been eyeing SUVs but they seem to be out of budget, you can choose a crossover car. You can find finest crossover cars in India at much cheaper rates than SUVs.
You can expect 17-24 km/l fuel efficiency on average from this car. The engine displacement is 1498cc. The other features that the car comes with are a navigation system and automatic temperature control. The average cost of insurance for a Honda WR-V is around INR 16,000.
This beautiful car is available in four variations, and the minimum price of the vehicle starts at INR 8.6 lakhs. The crossover is powered by a 1248-cubic-inch engine. The crossover was designed in 2017 and has a fuel efficiency of 18-19 km/l. The car insurance for this type of car is around INR 12,000/year.
This is comparatively one of the most affordable crossover cars that you can find in India. The starting price of this car is INR 7.28 lakhs. You can compare this crossover with Maruti Suzuki Ignis. The car insurance for this vehicle will cost around INR 16,000 in India. The fuel efficiency of this car is 19-24 km/l.
Datsun Redi-GO, which has been redesigned, comes with a 999cc that offers 21-22 km/l fuel efficiency on average. The price for this car begins at INR 3.8 lakhs. As per the reviews from the owners of this car, the body of the vehicle is strong, the interiors are appealing, and there is no vibration at high speed. The average insurance cost for this car is around INR 7,000.
While you are planning to buy a crossover car, make sure you purchase a car insurance policy as well, that suits your needs. While scratches in the car and even small accidents are quite common these days, especially when you are driving in a city, a car insurance policy can cover all the expenses incurred in the repairing of the vehicle.
According to the Motor Vehicles Act of 1988, every car owner needs to have a third-party car insurance cover to drive their vehicle legally on Indian roads. When it comes to the insurance cost, it varies according to the model of the car, the city of purchase, and the type of insurance whether it is a third party or comprehensive. The below table can help you see the average cost of insurance for these vehicles.
| Car | Approx. Ex-showroom price (Delhi) | Approx. insurance cost |
| Maruti Suzuki S-Cross | Rs. 8.59 to 12.56 lakhs | Rs. 10,000 to 20,000 |
| Datsun redi-GO | Rs. 3.83 to 4.95 lakhs | Rs. 4,000 to 9,000 |
| Honda WR-V | Rs. 8.76 to 11.79 lakhs | Rs. 10,000 to 18,000 |
| Ford Freestyle | Rs. 7.28 to 12.56 lakhs | Rs. 9,000 to 20,000 |
Apart from considering the insurance cost, you also need to ensure checking the Claim Settlement Ratio of the car insurance companies while buying a car insurance policy. Here are some car insurance companies in the country with OD Claim Settlement Ratio along with their network garages mentioned below.
| Car Insurance Company | Motor OD Claim Settlement Ratio | Network Garages |
| The Oriental Insurance Company | 91.76% | 3,100+ |
| IFFCO Tokio General Insurance | 95.30% | 4,300+ |
| Royal Sundaram General Insurance | 92.66% | 4,600+ |
| HDFC ERGO General Insurance | 91.23% | 6,800+ |
| Universal Sompo General Insurance | 90.78% | 3,500+ |
| Tata AIG General Insurance | 90.49% | 5,000+ |
| The New India Assurance | 89.60% | 3,000+ |
| SBI General Insurance | 89.51% | 16,000+ |
| Bajaj Allianz General Insurance | 88.83% | 4,000+ |
| Future Generali India Insurance | 88.69% | 2,500+ |
| Bharti AXA General Insurance | 87.99% | 5,200+ |
| ICICI Lombard General Insurance | 87.71% | 5,600+ |
| Liberty General Insurance | 98% | 4,300+ |
| Navi General Insurance | 76.20% | 900+ |
| Cholamandalam MS General Insurance | 85.89% | 7,100+ |
| National Insurance Company | 85.71% | 3,100+ |
| Edelweiss General Insurance | 84.52% | 1,000+ |
| Go Digit General Insurance | 80.47% | 1,400+ |
| Acko General Insurance | 83.91% | 2,000+ |
| United India Insurance Company | 82.93% | 3,100+ |
| Kotak Mahindra General Insurance | 82.81% | 1,300+ |
| Reliance General Insurance | 84.26% | 3,800+ |
| Magma HDI General Insurance | 79.60% | 4,000+ |
| Shriram General Insurance | 77.26% | 2,000+ |
You can check car insurance online very easily but if it is your first time, it can be a bit confusing. So, here are some of the tips that you can follow for buying a car insurance policy online.
You must check the Claim Settlement Ratio (CSR) of an insurance company before deciding on buying a particular policy. CSR determines the number of claims of the policyholders that have been settled by the company in a fiscal year. You should always go for an insurance company that has higher CSR.
Car insurance companies partner with a number of garages where the policyholders can avail of cashless insurance claims. Therefore, when you choose a car insurance company, you must check the number of cashless garages that the insurance company partners with.
Add-ons are the extra coverage that you can choose with your standard car insurance policy in order to extend the coverage. You can get add-ons with own-damage as well as comprehensive car insurance and you can get them while buying a car insurance policy or while renewing the current one.
Before you buy car insurance online, you can choose a car insurance calculator that you can very easily find on the internet. The car insurance calculator will help you in finding out the premiums that you have to pay to keep availing of the car insurance coverage and benefits. Now, all that you need to do is find the car insurance company and a policy that is best for your needs.
Read More: What Does a Car Insurance Cover?
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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